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Listen: spending time and money on grandchildren

4th June 2021
Posted by Aston Avery

The last 12 months have been tough on everyone but for grandparents, not being able to see or even cuddle their grandchildren has possibly been one of the hardest things they’ve had to endure.

Under normal circumstances, on average, Grandparents spend 28 hours every month with their grandchildren and some say that spending time with them is more important than spending money on them.

However, on average, grandparents give their grandchildren £243 and spend £213 on them each year, mainly buying them clothes, according to research by Raisin.co.uk.

Aston spoke to Nebula Norman from savings platform Raisin to discuss the importance of starting to save at an early age.

Photo by Nikoline Arns on Unsplash