Hard to believe, but you’re a grandparent or will be soon. Get ready for some rollercoaster emotions—and the time of your life.How can your child be a parent? Weren’t you changing diapers just a few years ago? Welcome to the wonderful world of grandparenting, where you’ll forge new relationships with your children, your grandchildren, and the world around you.
Grandchildren develop so fast it’s hard to keep pace. Your challenge: to understand them—and accept them—as they grow.You’ve probably forgotten how quickly kids change. But now that you’re a grandparent, getting reacquainted with these changes will be a big help.
When your grandchild visits your home, your little one’s safety is in your hands. Are you ready?Imagine how you will feel if your grandchild gets hurt while visiting. Don’t let it happen. Inspect your home and eliminate all safety hazards now.
Traveling with your grandchild by car is more dangerous than you think. Take special precautions to keep your little one safe.A lot has changed since you drove your kids around. Today, buying and installing a child safety seat almost takes an engineering degree. Get help here.
Your child has primary responsibility for your grandchild’s healthcare. But you play an important supporting role.The more time your grandchild spends with you, the more you need to know about today’s child healthcare practices. Start learning now.
Caring for your grandchild is rewarding. But make sure to set limits.Most grandparents enjoy caring for a grandchild while parents work. It’s a rare opportunity to build strong bonds with the next generation—and to have fun. Just make sure it works with your current lifestyle and future plans.
If your child is unable to care for your grandchild, you may need to take over. Don’t worry . . . you’re not alone.Raising a grandchild is the ultimate act of self-sacrifice. Say goodbye to retirement dreams of travel and leisure. But say hello to the rewards of love and commitment.
A lesson grandparents often learn the hard way: Love has its limits.When your grandchild visits, it’s important to set limits—on behavior, snacks, and gifts. And don’t forget that you have your limits, too (of time, money, and energy).
It’s natural to want to help your grandchild financially. Just make sure whatever you do is consistent with your financial goals and constraints.There are many options for gift giving and a variety of tax benefits available. Whatever you do, do what makes sense for your grandchild—and what makes sense for your current and future financial needs.
Nothings warms a grandparent’s heart more than giving grandchildren gifts. But don’t let it burn your bank account.Giving gifts comes naturally to grandparents. Still, don’t feel you have to always give toys or spend a lot of money. Remember, it’s the thought—and the memories—that count.
Giving gifts to your grandchildren while you’re alive is important. But also think about what to leave them when you’re gone.Providing money and other financial assets can open doors for your grandchildren later in life. To do this, make sure to update your will after a grandchild is born (or have one drawn up). And consider the advantages of life insurance.
College is an expensive proposition these days. The good news: You can help your grandchildren by contributing to their college fund or by paying their tuition.Many grandparents gladly help their grandchildren with college finances. But be sure to consider all of your options before writing your first check.