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Look For The Homes Section Inside •••••AUGUST 03, 2022•••••
Many grandparents spend money on their grandkids, whether by chipping in on big expenses like tuition bills and travel expenses or covering smaller costs like meals and holiday gifts. The inclination to Grandparents: Four Tips be generous for Spending on Your is understandable, Grandkids and many seniors say it brings them joy to support (or even occasionally spoil) their grandchildren. But lavishing them with gifts shouldn’t come at the expense of your or grandparents own financial security. If you’re seeking to find the balance between supporting your grandchildren and ensuring your own finances stay in healthy shape, here are four tips to keep it all in check: 1. Know what you can afford. No matter how much you enjoy splurging on your grandkids, your financial security should remain your first priority. There are many unknowns in retirement, including your longevity, the fluctuation of markets and the impact of inflation on purchasing power (a factor that’s particularly pronounced at the moment, with inflation rates at their highest in 40 years). Spend and (Financial cont’d on pg 2)
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