homeWelcome, sign in or click here to subscribe.login
     


 

 

Money


Subscriber content preview

December 11, 2023

Smart steps to take when helping your grandchildren financially

By KIMBERLY PALMER
NerdWallet

In his early 20s, Chris Chen's nephew dreamed of becoming a professional photographer, but to pursue that dream, he needed equipment that cost over $5,000. His nephew worked hard to save $1,500, then his maternal grandmother provided an additional $750. Chen, a certified financial planner in Newton, Massachusetts, covered the rest.

“It helped him understand the value of money,” Chen says of his nephew, who now earns his living as a photographer.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.