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12 Ways Grandparents Waste Money on Their Grandkids

Cheapism Logo By Mia Taylor of Cheapism | Slide 1 of 13: Grandparents love spoiling their grandchildren. It's practically part of the job description, isn't it? And it can be so much fun for both the grandparent and the grandchild, providing bonding time while assembling a newly bought toy or visiting somewhere special together. But in some cases, the spending can verge on wasteful. According to a 2018 AARP study, grandparents spend an average of $2,562 annually on their grandchildren, which amounts to about $179 billion each year. The reality is a child only needs so many toys. Here are some of the ways grandparents tend to go overboard — and ways that spending might actually be put to better use for everyone involved. For ideas on how you can spend more time than money with your grandchildren, check out 15 Fun (and Cheap) Things You'll Want to Do with Your Grandkids.

Grandparenting in Moderation

Grandparents love spoiling their grandchildren. It's practically part of the job description, isn't it? And it can be so much fun for both the grandparent and the grandchild, providing bonding time while assembling a newly bought toy or visiting somewhere special together. But in some cases, the spending can verge on wasteful. According to a 2018 AARP study, grandparents spend an average of $2,562 annually on their grandchildren, which amounts to about $179 billion each year. The reality is a child only needs so many toys. Here are some of the ways grandparents tend to go overboard — and ways that spending might actually be put to better use for everyone involved. For ideas on how you can spend more time than money with your grandchildren, check out 15 Fun (and Cheap) Things You'll Want to Do with Your Grandkids.
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