Grandparents have the freedom and space to plan the sorts of handy money lessons that harassed parents may not have time for. Everything from simple money games to Monopoly marathons can get them used to the idea of money, while shopping trips with a budget can help them learn to prioritise. Grandparents taught their own children about money
1. Teach them about money early
2. Kick-start good habits
3. Educate them about money management
4. Get them into investing
5. Support them from income with school fees or university costs
6. Help them budget
7. Help them onto the property ladder
8. Don’t always bail them out
9. Pay into a Junior Sipp (self-invested personal pension)
10. Consider leaving them a lump sum in your will
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