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Financial Tips for Grandparents

Grandparents Financial Q & A on StageofLife.comFinancial Q & A for Grandparents - Your Questions?

Stage of Life features financial tips and money saving articles below tailored to life as a grandparent. 

However, we also want to hear from you directly if you have a financial question that pertains to grandparenting.  Submit it to us, and we'll ask either Lauren (our resident Stage of Life Financial Literacy guru) or one of our financial experts. 

Grandparents - Ask Stage of Life your Money Question We'll then post your financial question and the feedback here on the Stage of Life Financial Q & A page for Grandparents.  In the meantime, read the money saving articles and Q & A responses below that could be helpful to your life as a grandparent...

Money Articles and Q & A for Grandparents

Organic Foods are Expensive

Question:  What tips do you have for eating healthy on a budget?

Stage of Life Answer:   This is a question that applies to almost everyone.  Too often our busy lives push us into routines where we make poor decisions about the types of food we eat.  However, time isn't always the culprit for why we don't eat healthy.  Many times, it's budget related.  Quality foods often cost more.

We tackle this issue in a longer Stage of Life feature article entitled, "Eating Healthy on a Budget."  We provide six specific tips for eating and living healthy...on a budget...

Eating Healthy on a Budget - Stage of Life Feature Article
Back to School Savings?

Question:  What tips do you have for Back to School savings?

Stage of Life Answer:   Our Financial Literacy partner, Lauren Podolsky, addressed this member question in a feature article called, "Top Five Back to School Money Saving Tips for Parents and Students."  

Click the View Website button below to read the article...

Top 5 Backy to School Money Saving Tips
Top 10 Financial Tips for Life

Question:  Since this is a website about life, what are your Top 10 financial recommendations...for life?

Stage of Life Answer:   Wow...that's a big question.  In fact, as we poised this question to our team, we realized we would need more space than what's commonly carved out for the Q & A responses on this page. 

So we dedicated an entire page to answering your question.  To see our Top 10 Money Tips, click the View Website button below...

Top 10 Money Tips for Life
Buying a Car - New or Used?

Question:  I need to buy a car, should I buy used or new?

Stage of Life Answer:   Ahhh...the eternal car question.  New or Used?  I know people who have ONLY bought new cars over the course of their entire lives, and those who have ONLY bought used. 

My take?

Buying a car is not an investment and is actually considered a depreciating asset, meaning it will it will never be worth more than what you paid for it.  A new car depreciates the minute you drive it from the showroom floor.  In the first year of ownership, a new car can lose up to 20 percent of its value, and by the fifth year, your car will depreciated by over 65 percent.

Purchasing a late-model pre-owned car makes more financial sense than buying a car that will lose 20 percent of its value in 20 minutes.

Now, if you love that new car smell, then my advice won't sway you too much...will it?  :)

Have fun with your "new" car!

Ask Your Question:  Do you have a money or finance question about your life?
Understanding your money - budgeting

Question:  What is a budget?

Answer:  A budget is a financial blueprint of all of your expenses for a fixed period of time. A budget lists all of your future income and expenses and keeps track of the money coming in and the money going out.  The goal of your budget each month should be to balance or even better, to have a surplus of income. A budget will give you a better understanding of your finances and will help you plan for future expenses.  I recommend a budget to any person that is earning and spending money. If you don’t know where your money is going, you’re likely to get yourself into some serious financial trouble down the road.

Resource:  Print out the free Stage of Life budget worksheet.


Ask Your Question:  Do you have a money or finance question about your life?

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StageofLife.com was launched in 2009 as the premier destination for people of all ages to find information, coupons, and stories about one of ten key stage of life transitions:  high school, college, on my own, wedding, married without children, having a baby, home ownership, parenting, grand parenting, and empty nest/retirement.  Nearly 1 million visitors come to the site each year to find information about their stage of life.  Stage of Life users (teens, college students, Millennials, Gen Y, Gen X, and Baby Boomers) can also share and archive their life stories via their Stage of Life profile page.  Specialized content includes statistics, quotes, videos, financial tips, coupons, news, writing contests, and more tailored to each of the 10 life stages featured.  My Life Rewards® is the free discount program for all Stage of Life users, readers and writers dedicated to providing printable coupons and coupon codes tailored towards each stage of life.

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