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01/13/2015 01:28 pm ET Updated Jan 13, 2015

3 Tips To Help Your Grandkids Become Money-Savvy

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Why am I talking to grandparents about the topic of money savvy kids? Because we, as grandparents, have a special relationship with our grandkids and we can really be a positive influence. This is the perfect topic for you to support. The other reality is that we may have more free time than our Millennial children, who are now raising their kids.

Remember what it was like when you were starting out? Well, the financial pressures are even greater today. In our day, it was typical for Mom to be home and for Dad to be at work. According to the Bureau of Labor Statistics, even when there are households with children, headed by two parents, the majority of those households have both parents employed. Also, a new phenomenon in this generation is the 35 percent of households headed by a single parent. Extra time on their hands? I don’t think so. You don’t want this topic to be overlooked, so pitch in and help.

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