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How To Encourage Responsible Spending From The Grandparents

Baby Boomers are entering retirement (or not) in generally dicier financial circumstances than their parents, which means the spending on their grandkids could come at real cost to them. If you’re concerned that your parents or inlaws might deplete their own nest egg on your kid, have an honest conversation with them. It might help to point out that profligate spending runs counter to the financial values you’re trying to instill, and that quality time is more valuable than quantity of stuff.