Tips for grandparents to avoid spending too much

ALBUQUERQUE (KRQE) – Grandparents play a large roll in family budget, but they don’t have to spend a fortune to help out.

Mike Suttle of Suttle Financial joined KRQE’s This Morning team to discuss ways grandparents can contribute to their families that won’t break the break.

With childcare being one of the biggest expenses for a young family, Suttle suggests a non-monetary form of help from grandma or grandpa.

One year of care for an infant at daycare can exceed the purchase of a car. According to ChildCare Aware, it can cost up to $14,508.

For those grandparents that may be retired or only holding a part-time job, watching the grandchildren a few days a week can help to sooth monthly childcare costs.

A few other tips Suttle suggests is to realize when their grandchild has enough “stuff” and to start building a college savings.

For more information, visit their website.

KRQE.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s