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Grandparenthood Can Be Expensive!

Prairie Eco-Thrifter

We spoiled our children and we apparently are even more intent on doing so with our grandchildren! My parents were somewhat more interactive with their grandchildren (my kids). Why are we spending more on our grandchildren? We want some influence over how our grandchildren are raised. They tolerated our presence.

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Roth IRA Conversions? Better Wait and See.

Prairie Eco-Thrifter

Education, threats of hauntings from beyond the grave and repeated instructions seem to be the most direct ways of handling this. First, if I had managed to convert everything to a Roth, the grandkids would be swamped with hundreds of thousands of dollars a year. Your heirs will have to take all of that out within 5 years.

Converse 176
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Should You Accept Family Money?

Prairie Eco-Thrifter

Plus, with a college education it is more likely that the kids will be on their own quicker. Making sure the grandchildren have the desired benefits enhances their peace of mind. Making sure the grandchildren have the desired benefits enhances their peace of mind. This not only includes helping out with money but also with time.

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How to Pick A Career

Prairie Eco-Thrifter

The Grandkids are 9 and 12 now with lots of time before they have to start supporting themselves somehow. Dr. John Krumboltz, Professor of Educational Psychology at Standford University studies how people choose careers. At my Grandma Rie’s Money Camp this year, we started exploring the different careers that are out there.

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Ways for Busy Parents to Teach Young Children About Money

Prairie Eco-Thrifter

But you are a super busy parent, with work, continuing education, business travel, your kid’s other activities, church and the myriad of other things that demand your time and attention. My grandkids were 6 and 3 and they really got into this! You want your kid to be financially savvy. Going to school (if you drive your kids).

Money 187