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9 Ways Grandparents Are Spoiling Their Grandkids Like Never Before

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The behavior of grandparents used to be generous, but they have displayed significant changes in their actions over the past few years. Numerous families indicate that their grandparents now provide their children with unprecedented amounts of attention, presents, and exceptional treatment. Children who receive free gifts from grandparents often exhibit positive results through their actions; however, this generosity can distort their understanding of money value and the rules governing reward systems. Parents need to learn practical methods for managing the effects of their child’s behavior. Grandparents who frequently spoil their grandchildren create major changes in family rules and expectations, which produce unexpected results.

1. Buying Lavish Toys and Gadgets

It’s easier than ever for grandparents to buy the newest toys with a few taps on a phone. That means big-ticket items like gaming consoles, tablets, and ride-on cars show up more often than parents expect. Some grandparents see it as making memories, while others feel pressure to match what friends are doing for their own grandkids.

Still, grandparent spoiling through pricey toys can create tricky moments when kids start expecting something extravagant every visit. Parents often step in later to explain why those surprise gifts can’t become a constant pattern.

2. Unlimited Sweets and Snacks

The classic “grandma’s cookie jar” has evolved. Many households now have grandparents who stock entire shelves with treats kids don’t get at home. They enjoy bending the rules a bit, especially when visits feel too short.

While it’s usually harmless, some parents find themselves undoing sugar-fueled habits afterward. Grandparent spoiling in the form of food can feel like a small thing, but it can still spark friendly debates about boundaries.

3. Over-the-Top Birthday Celebrations

Birthday parties have been growing in scale for years, and grandparents often help push them even bigger. They might book a party venue, hire entertainers, or cover a themed setup that parents wouldn’t have chosen on their own. Sometimes it comes from excitement, other times from wanting to give kids something cheerful to remember.

It creates magical memories, but it also raises the bar for future years to come. Parents may feel pressure to match the celebration once grandparents step back.

4. Funding Expensive Hobbies

Sports, dance, robotics, and art classes can cost a small fortune. Many grandparents now step in to cover fees, gear, travel, or all three. They see it as an investment in their grandchild’s confidence or creativity.

That generosity helps families, but it can also influence which activities kids stick with. If a hobby loses its appeal, kids sometimes continue only because a grandparent hopes they will.

5. Out-of-the-Blue Cash Gifts

Some grandparents hand over envelopes of money for good report cards, holidays, or no reason at all. Kids love it, of course. Parents usually appreciate the help too, but they may wrestle with how often is too often.

When grandparent spoiling involves cash, kids can develop a sense that money should appear with minimal effort. Families who talk openly about saving, goals, and spending limits tend to have an easier time keeping expectations realistic.

6. Paying for Big Family Trips

Many grandparents love covering the cost of travel so everyone can be together. Cruises, beach houses, and theme park vacations have become popular multigenerational gifts. They transform a simple getaway into an unforgettable event.

But big trips sometimes come with strings attached—timing, location, or activities planned around the grandparents’ preferences. Even then, most families feel grateful for the chance to experience something they wouldn’t have afforded on their own.

7. Turning Every Visit Into a Special Outing

For some households, a visit from grandparents means bowling, mini golf, arcades, or shopping trips. The routine is always “something fun,” never a quiet day at home. Kids catch on quickly and start associating grandparents with constant entertainment.

Parents then face the task of recalibrating expectations when a normal weekend rolls around. Grandparent spoiling through outings is generous, but it sometimes leaves kids disappointed when everyday life feels slower.

8. Creating Bedrooms in Their Own Homes

As more grandparents live close by—or host frequent sleepovers—they’re setting up full bedrooms stocked with toys and clothes. It’s practical in many situations, especially for families who rely on childcare help.

Still, the setup can feel like a second home, which sometimes leads to confusion about rules. Parents and grandparents may have different expectations about screen time, chores, or bedtime.

9. Buying Clothes Parents Would Never Choose

Whether it’s designer outfits or mountains of seasonal clothing, grandparents often enjoy dressing their grandkids in styles they find adorable. Some kids end up with wardrobes large enough to rotate through without repeating an outfit for weeks.

That can lead to clutter, not to mention mixed feelings when a parent prefers simpler outfits. Even so, grandparents rarely see it as excess—they just enjoy the moment.

How Families Can Keep the Joy Without the Tension

The practice of grandparents giving excessive attention to their grandchildren does not need to result in negative consequences. Most families establish a comfortable pattern after discussing boundaries, daily schedules, and the activities that bring the most benefit to their children. The discussions become more productive because all parties involved trust each other’s positive motives, as most grandparents genuinely want to provide help to their family.

Parents need to establish suitable limits that protect the positive effects of generosity because uncontrolled giving can lead to overwhelming situations. Children experience security when they observe their family members work together as a team, while their grandparents provide presents without causing any issues.

How has grandparent spoiling presented itself in your family dynamics?

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These 6 Moves Can Ensure Your Child Retires A Millionaire

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Every parent wants the best for their child, including a secure financial future. But building generational wealth is about more than just saving money—it’s about making smart choices early and consistently. With the right strategies, you can help ensure your child retires a millionaire, no matter what career path they choose. The key is to start planning now, leveraging the power of compound interest and smart financial moves. Even small steps taken today can add up to life-changing results over decades. Here are six practical moves to help your child retire a millionaire, even if you’re starting from scratch.

1. Open a Custodial Roth IRA Early

One of the most powerful tools for building long-term wealth is the Roth IRA, especially if you start young. If your child has earned income from a part-time job, you can open a custodial Roth IRA on their behalf. Contributions grow tax-free, and withdrawals in retirement are also tax-free. By starting contributions as early as possible, your child can harness decades of compound growth. Even modest annual contributions can grow into a seven-figure nest egg by retirement, making this move a cornerstone for anyone aiming to help their child retire a millionaire.

Encourage your child to contribute a portion of their earnings each year. You can also provide matching contributions as an incentive. The earlier you start, the more time your investments have to grow.

2. Teach Consistent Saving Habits

Financial habits formed in childhood often last a lifetime. Teaching your child to save consistently—no matter how small the amount—instills discipline and a sense of control over their financial future. Help them set up savings goals, track progress, and celebrate milestones. You can use allowance, birthday money, or part-time job income as teaching tools.

Reinforce the idea that saving is a regular activity, not just something to do when there’s extra money. Over time, this mindset helps ensure your child retires a millionaire, as consistent savers are more likely to invest regularly and reap the benefits of compounding.

3. Encourage Smart Investing, Not Just Saving

While saving is critical, investing is what truly accelerates wealth building. Once your child understands basic saving, introduce them to the world of investing. Explain the difference between stocks, bonds, and mutual funds. Consider starting with a simple, diversified index fund, which tends to have lower fees and broad market exposure.

Show them how even small investments can multiply over decades. Use online calculators to illustrate how investing early and often can help them reach millionaire status by retirement. The goal is to make investing feel accessible and not intimidating.

4. Make Use of 529 College Savings Plans

Education is a major expense, and student loans can hinder wealth building. One way to help your child retire a millionaire is by reducing or eliminating their need for student loans. Contribute to a 529 college savings plan, which offers tax advantages for education expenses.

By taking care of college costs, you free your child to start investing earlier in life. This head start can make a significant difference in their long-term wealth. Plus, some 529 plans allow leftover funds to be rolled into a Roth IRA, giving your child even more retirement savings power.

5. Model Financial Responsibility

Your actions speak louder than words. Children learn about money by watching how you spend, save, and invest. Share your financial decisions openly and explain your reasoning. Show them how you budget, why you avoid high-interest debt, and how you plan for the future.

Modeling good habits provides a blueprint for your child’s own financial life. When they see you making wise choices, they’re more likely to follow suit. Over time, this influence can help ensure your child retires a millionaire by keeping them on a smart financial path.

6. Teach the Value of Earning and Entrepreneurship

Encourage your child to find ways to earn money, whether through part-time jobs, babysitting, or starting a small business. Earning income at a young age builds confidence and entrepreneurial thinking. It also gives them the opportunity to contribute to their own savings and investment accounts.

Entrepreneurship teaches valuable lessons about risk, reward, and resilience. These skills can lead to greater earning potential over a lifetime and help your child develop the mindset needed to build significant wealth.

Building Wealth for the Next Generation

Helping your child retire a millionaire is a realistic goal if you start early and stay consistent. The combination of smart investing, saving habits, and financial education can provide them with a solid foundation for life. Remember, the most important step is to begin—no matter how small.

Every move you make today can have a lasting impact on your child’s financial security. What steps are you taking to ensure your child’s future wealth? Share your thoughts in the comments below!

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7 Actionable Steps to Teach Kids About Smart Investing Early

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Raising financially savvy kids goes beyond teaching them how to save. If you want your children to have real confidence with money, it’s essential to introduce them to smart investing early. Kids who learn about investing from a young age develop habits that can lead to long-term financial security. They also gain a better understanding of risk, reward, and patience—skills that translate into smarter decisions in adulthood. By starting early, you give your kids the chance to build wealth over time and avoid common investment mistakes. Let’s look at seven actionable steps to help you teach kids about smart investing without overwhelming them.

1. Start With the Basics of Money Management

Before diving into smart investing, make sure your kids know the value of money. Teach them how to budget, save, and spend wisely. Show them how you make decisions about purchases and explain why some things are worth saving for. Help them set up a piggy bank or a savings account. When they see their money grow, they’ll be more interested in learning how investing can multiply their savings over the long term.

2. Explain What Investing Means

Investing can sound complicated, but it doesn’t have to be. Break it down into simple terms. Let your kids know that investing means putting money into something—like stocks or bonds—with the hope that it will grow over time. Use real-life examples, such as how buying shares of a company is like owning a tiny piece of that business. Relate investing to things your child cares about, such as companies that make their favorite toys or snacks. This makes the concept more relatable and engaging.

3. Introduce Smart Investing Concepts With Stories

Stories are powerful teaching tools, especially for kids. Share tales about famous investors or even your own experiences with investing. Use stories to highlight both the successes and setbacks that can happen when you invest. You might talk about Warren Buffett’s first stock purchase or how someone lost money by making a hasty decision. These stories help kids understand that smart investing requires patience, research, and a willingness to learn from mistakes.

4. Use Games and Simulations to Teach Investing

Kids learn best when they’re having fun. Try using games and online simulations to introduce smart investing. There are several free resources, like the Stock Market Game, which lets kids practice buying and selling stocks with virtual money. Board games like Monopoly or The Game of Life can also spark conversations about money and investing. As your child plays, discuss the choices they make and how those decisions could impact their financial future.

5. Open a Custodial Investment Account Together

Once your child understands the basics, consider opening a custodial investment account. These accounts allow you to manage investments on behalf of your child until they reach adulthood. Let your child help choose a few investments, such as stocks or mutual funds. This hands-on approach reinforces smart investing skills by giving them real-world experience. Review the account statements together and discuss how their investments are performing. Celebrate wins and talk openly about losses, emphasizing the importance of learning and staying patient.

6. Teach the Power of Compound Interest

Compound interest is a key concept in smart investing. Explain how money can grow faster when interest is earned on both the initial amount and the accumulated interest. Use simple math or online calculators to show how small, regular investments can add up over time. For example, illustrate how investing $10 a month can turn into thousands of dollars by the time your child is an adult. This lesson helps kids see the long-term benefits of starting early and sticking with their investment plan.

7. Encourage Questions and Ongoing Conversations

Smart investing isn’t a one-time lesson. Encourage your kids to ask questions about money and investments. Make it a habit to talk about financial news, trends, or changes in the market. If you don’t know the answer to a question, look it up together. This shows your child that learning about investing is a lifelong process.

Building a Lifelong Smart Investing Mindset

Teaching your kids about smart investing early gives them an incredible advantage. It’s not just about making money—it’s about building confidence, making informed choices, and understanding how to grow wealth responsibly. By following these steps, you’re helping your child develop financial habits that can last a lifetime.

How have you started teaching your kids about smart investing? Share your ideas or challenges in the comments below!

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7 Weird Costs Linked to Raising Children

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7 Weird Costs Linked to Raising Children
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Every parent expects to spend money on diapers, food, clothes, and schooling. But as kids grow, families often discover a whole set of unexpected expenses hiding in plain sight. Some of these costs are downright weird, and they can sneak up on even the most prepared budget. From quirky hobbies to odd social expectations, the financial surprises seem endless. Here are seven unusual costs linked to raising children that you may not have thought about.

1. Birthday Party Inflation

One of the strangest costs linked to raising children is how expensive birthday parties have become. What once was a backyard cake-and-games celebration can quickly escalate into themed venues, custom decorations, and entertainment. Parents often feel pressured to match what other families are doing, turning small gatherings into costly events. Even goody bags for guests can add up more than expected. These seemingly minor parties can drain hundreds of dollars each year.

2. Lost and Replaced Items

Kids have a unique ability to misplace things constantly, making replacements one of the overlooked costs linked to raising children. Water bottles, jackets, shoes, and even school supplies seem to vanish into thin air. Parents often end up buying multiples of the same item to avoid daily stress. Over time, these small purchases add up to significant amounts. While not unusual in behavior, the frequency of replacements makes this expense surprisingly costly.

3. The Cost of School Fundraisers

Fundraisers are marketed as a way to support schools, but they’re another weird cost linked to raising children. Families are often expected to buy candy, cookie dough, or gift wrap that they don’t really need. Parents also feel obligated to ask relatives and coworkers to contribute, which can create social pressure. Even when you try to skip participation, donation requests keep coming. The fundraising cycle ends up being a recurring expense that families can’t avoid.

4. Extracurricular Gear and Uniforms

Sports and clubs bring joy and learning, but they come with strange and specific expenses. Parents don’t just pay for registration fees—they also pay for uniforms, specialized shoes, costumes, or gear unique to each activity. Whether it’s dance recital outfits or football pads, these are unavoidable costs linked to raising children who want to participate fully. The kicker is that kids often outgrow the items before the season even ends. This creates a cycle of spending that feels both odd and frustrating.

5. Technology Demands From School

With classrooms becoming increasingly digital, technology has become another weird cost linked to raising children. Schools may require tablets, laptops, or specific apps for homework. Even families who already own devices often face new fees for online learning platforms or software. These costs can pop up suddenly, leaving parents scrambling to provide the tools their kids need. It’s no longer just pencils and notebooks—tech is now a standard expense.

6. Holiday Costume Expectations

Another unexpected expense comes from holiday celebrations. Schools, clubs, and even neighborhood events often require themed costumes for Halloween, spirit weeks, or other holidays. Parents can feel pressured to buy new outfits every year to keep up with changing themes. Even DIY costumes require materials that add to the bill. Over time, these holiday-driven purchases become one of the quirky costs linked to raising children.

7. Social Outings and Peer Pressure Purchases

As kids get older, social outings like movies, concerts, or theme parks become part of their lives. Peer pressure often pushes parents to cover costs so their kids can join in. This includes money for trendy clothes, gadgets, or even expensive snacks with friends. These outings and peer-driven purchases don’t always feel optional, making them one of the most surprising costs linked to raising children. The desire to fit in can become a serious budget challenge.

Parenting Means Budgeting for the Unexpected

While most parents expect the basics, the real financial surprises come from these weird and hidden costs linked to raising children. Each stage of childhood brings its own set of unique challenges that can catch even careful planners off guard. Awareness of these expenses can help parents prepare instead of being blindsided. Budgeting for the unexpected ensures you can support your child’s growth without draining your finances. In the end, raising kids may always be expensive, but at least you’ll be ready for the surprises.

What are some of the weirdest costs linked to raising children that you’ve experienced? Share your stories in the comments below.

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8 Financial Myths That People Still Pass Down to Kids

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Money lessons often start at home, and what parents say about finances can stick with kids for life. But not all advice passed down is accurate. Some financial myths have lingered for generations, shaping the way children view money, savings, and debt. Believing these myths can lead to poor choices and missed opportunities later on. It’s important to challenge outdated ideas so kids can build healthy financial habits. Here are eight financial myths that people still pass down to kids—and why it’s time to set the record straight.

1. Credit Cards Are Always Bad

Many parents warn their kids to avoid credit cards at all costs, painting them as dangerous traps. While it’s true that credit card debt can spiral if not managed, credit cards themselves aren’t evil. In fact, using a credit card responsibly can help build a strong credit history, which is crucial for renting an apartment, buying a car, or even landing certain jobs. Teaching kids how to use credit wisely is far better than telling them to avoid it altogether.

2. All Debt Is Bad Debt

This financial myth leads many to shy away from any form of borrowing. But not all debt is created equal. There’s a big difference between high-interest credit card debt and a low-interest mortgage or a student loan that leads to a better-paying job. Explaining the concept of “good debt” versus “bad debt” helps kids understand that borrowing can be a tool for building wealth when used thoughtfully.

3. You Must Go to College to Succeed Financially

For years, the message was clear: college equals success. But in today’s world, that’s not always true. While a college degree can open doors, it’s not the only path to a solid financial future. Skilled trades, certifications, and entrepreneurship can also lead to rewarding and well-paying careers. Encouraging kids to explore all options helps them make smarter choices about education costs and long-term earning potential.

4. Save Everything—Investing Is Too Risky

Some parents teach that saving money in a bank account is the only safe choice, warning kids that investing is like gambling. While saving is important, it’s not enough for long-term growth. Inflation can erode the value of savings over time. Teaching kids the basics of investing, like how the stock market works and the power of compound interest, prepares them to grow their wealth responsibly.

5. Talking About Money Is Rude

“Don’t talk about money” is a rule in many households. This financial myth keeps kids in the dark about how money works. If kids never hear about budgeting, bills, or financial setbacks, they struggle to manage their own finances as adults. Open, age-appropriate conversations about money help break the cycle of secrecy and empower kids to make informed decisions.

6. Buy a House as Soon as You Can

Buying a home is often seen as a rite of passage and a sign of success. But rushing into homeownership isn’t always the best move. For some, renting is more practical—especially if they aren’t ready for the responsibilities or costs of owning property. Explaining the pros and cons of renting versus buying helps kids see that financial decisions should be based on their situation, not just tradition.

7. You Have to Be Rich to Invest

This financial myth keeps many young people from starting early. The truth is, you don’t need thousands of dollars to begin investing. Many apps and platforms allow you to start with just a few dollars. The earlier kids start investing, the more they can benefit from compounding. Teaching them that investing is accessible to everyone helps break down barriers and encourages lifelong habits.

8. Budgeting Is Only for People with Money Problems

Some kids grow up thinking that only people who are struggling with money need to budget. In reality, everyone can benefit from a budget. Budgeting is simply a plan for how to use your money, whether you have a little or a lot. It helps prevent overspending and makes it easier to reach goals. Teaching kids how to budget sets them up for better financial health, no matter their income.

Shaping the Next Generation’s Financial Mindset

These financial myths have stuck around because they’re easy to repeat and sound like common sense. But holding onto them can hurt more than help. By giving kids accurate, practical information, you help them make smarter choices and avoid common pitfalls. It’s never too early to start teaching the real facts about money and how to build a solid financial future.

What financial myths did you hear growing up? Share your experiences and thoughts in the comments below!

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Teaching Children About Money – Stacking Benjamins Episode #1

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Subscribe to the podcast through iTunes and new episodes will show up every week!

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The Stacking Benjamins website isn’t yet ready, but the first episode of our new podcast is complete and hot off the grill! THE Shannon Ryan from The Heavy Purse joins us in the basement to talk about educating children about money. Not looking forward to bored kids this summer? You’re in luck. Shannon’s brought some great tips that we know you’re gonna love.

This week we’ll have new shows for you Monday, Wednesday and Friday to celebrate the launch of Stacking Benjamins! I’m incredibly glad you’re listening. Make sure and do us two favors, if possible:

1) Chat about the new show on social media.

2) Write a review for iTunes.

Why am I asking? While most of the time I like reviews but won’t ask for them, the next few weeks are important. If we have enough listeners in the first week AND we garner enough reviews, we may land a spot on iTunes New & Notable section, and that helps our show marketing tremendously.

Coming later this week:

Wednesday – We introduce PK from DQYDJ (wait till you hear his new intro….) and Kathryn, the Makin’ Sense Babe. Also we have a couple stats from Bank of America that are worth talking about.

Friday – Len Penzo and Dominique Brown make their debut on Stacking Benjamins by interviewing each other about their values, financial goals and money habits. Joe & OG discuss movies for the first time on the new show.

And now….show notes!

 

THE OFFICIAL STACKING BENJAMIN SHOW NOTES (insert your own fanfare HERE)

 

<> Open

<> Show affiliate: Expedia.com

<> The Stacking Benjamins Manifesto: There is only one route to wealth.

<> Interview: Shannon Ryan from The Heavy Purse – 5 Steps To Teach Kids About Money This Summer

Shannon Ryan on Stacking Benjamins podcast
Shannon Ryan shares some cool tips to make your summer easier.

 

Shannon Ryan is a CFP who believes strongly in the value of financial education. We’re glad she could visit the basement to share some not-so-obvious tips. These hints will make the summer easier for you as a parent and more fun for children.

 

Don’t have children? Check out these tips anyway. Shannon’s approach is familiar because she’s teaching kids early the same skills that many adults struggle to internalize.

 

Link to Shannon’s book The Heavy Purse & her Money Club workbooks.

 

<> End Show

 

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Allowances and Overprotective Parents: Our Cuppa Joe Thursday Discussion

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A recent headline in USA Today, Aggressive ‘Helicopter’ Parents Force Easter Egg Hunt Cancellation spurred today’s topic. Some overbearing parents were so worried that their little kiddos couldn’t Easter egg hunt on their own and wouldn’t get their “fair share” of prizes that they violated the hunt rules and “helped” their children claim eggs…

….all while parents who had the fortitude to follow the rules watched as their kids came back with baskets empty.

 

My opinion:

 

We all want our kids to succeed and don’t want to see them cry. But sometimes, sending little Timmy out to play without his helmet can help him learn valuable life lessons.

We all learn from failure.

I’ve failed more often than the average person has tried. – Donald Trump

Back in my advising days, I’d ask parents how they were teaching their kids financial responsibility. I don’t think many advisors ask this question, because so many were surprised when I asked.

Often, they’d ask what I’d recommend.

One of my favorite recommendations was that they hand little Timmy or Tina an allowance.  I’d make it a big one, too.

One of my favorite pastimes was to watch their faces when I told them just how big I’d make it. I’m not talking “break the bank” big, but I am suggesting you hand them enough to make them go “wow!”

Here’s the deal:

 

You can trust your kids with a little money today or send them off to college later without a clue how to manage cash in their hand.

Let Timmy screw up. Have the guts to let him fall on his face.

Then, once he’s stepped in it the first time, be a parent enough to discuss his mistake. Do it a few days after he’s broken the new iTouch he bought, or when G.I. Joe is missing an arm.

Teach him how he could have bought security by saving or investing that money. Ask him if the toy really made him happier.

Stop sheltering your kids from real life until they show up as adults with no training and you’re not there to do it for them.

I’ll bet giving them $10 a few times will teach them well over $1,000 in lessons over their lifetime.  What a great investment!

Here’s what I did. I paid my kids a large allowance. Then I stopped buying popcorn at movies when we’d go. I wouldn’t by them books at the bookstore. There were no video games. They could buy that stuff, but it was their choice. Then we’d talk about the impact of those choices.

Today my kids both run websites at age 16 and own stocks on their own. They both have healthy savings accounts from jobs. I stopped paying an allowance years ago.

I’m not patting myself on the back. We’ve messed up our fair share and will in the future.  I’m just showing you that it’s possible to teach your kids about life without doing everything for them.

(photo credits: C’mon Kid, finish up: I’ve got work to do: Ed Yourdon, Flickr;  Kids and Money: GoodNCrazy, Flickr)

 

Thoughts anyone? Bueller?