Decide how much you feel comfortable spending on all grandchildren combined. Perhaps $1,000 per month. Set hourly rate per child, taking into consideration the needs and age of each child. Perhaps $20 to $30 per hour per child.
Tell your grandchildren that you love them and want to help them access some of their inheritance early by giving them opportunities to earn funds earmarked for debt reduction, education, medical expenses, starting a business or investments.
Then give your grandchildren a list of activities you feel are important... uplifting educational movies and videos, great books, volunteering, or taking classes to improve skills. Your grandchildren can also offer suggestions, but they must gain your approval. Grandchildren then track hours. Click LINK for suggestions.
Once a month, your grandchildren are to send you a written report or video that describes activities completed, time spent, and life lessons learned. Funds can be transferred via Zelle or Paypal.
This is a beautiful win-win as our grandchildren learn to budget and earn, interact with Grandma and Grandpa, talk about interesting things that are happening in their lives and share lessons learned.
Looking forward to hearing how this simple but brilliant idea is strengthening your relationship with your grandchildren! Just email This email address is being protected from spambots. You need JavaScript enabled to view it..
“Wealth gained hastily will dwindle
but whoever gathers little by little will increase it.”
Proverbs 13:11 ESV