Grandparents are an excellent resource for money education. I grew up with my grandmother and everything she said, even if it was identical to what my mom and dad said, sounded better.

Leverage the grandparent resource by asking your parents to talk to your children about the Depression. Firsthand experience in the form of a story will be heard by your children. Seeing that your parents have survived and thrived the Depression will help your child cope with what they are hearing and fearing about today’s economy.

Grandparents are great business partners. If your child is interested in setting up their own business, see if your mom and dad are willing to work with your child, help them set up the business plan, maybe even finance the initial outlay for expenses.

My daughters’ grandfather told me last night that for seniors, every night is Saturday night, which means grandparents have the “extra” time parents do not. So, take advantage of the wisdom that comes from experience and ask grandparents to step up and in to the money lives of your children.

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Written by Susan Beacham
Susan Beacham founded Money Savvy Generation in 1999 after almost two decades in private banking and investment management complemented by considerable time teaching at the elementary level.

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