Grandparents: Four Tips for Spending on Your Grandkids

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Many grandparents spend cash on their grandkids – whether by chipping in on tuition bills, purchasing special treats or simply buying holiday gifts and helping with day-to-day expenses.

Mavericks Elite Grooming Many seniors say that creating a financially secure life for themselves and their family is an important goal.

As a grandparent, it can be hard to find a balance between supporting (and spoiling) your grandkids while ensuring you don’t run short on funds to reach your own financial and retirement goals.

Here are four tips to keep it all in check: CERRUTI 1881

1. Know what you can afford. No matter how much you enjoy splurging on your grandkids, your financial security should remain your first priority.

There are many unknowns in retirement, including your longevity, fluctuation of the markets and the impact of inflation on purchasing power.

Spend and gift within your means to maintain your own financial health in the future.

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2. Determine if you’re giving or loaning. If you’re giving a gift, understand current federal tax rules, which are based on the calendar year. Mavericks Elite Grooming In 2015, you can give up to $14,000 to each family member before the federal gift tax is applied.

And make certain the recipient knows it’s a gift for their own tax purposes, and so there is no uncertainty about whether or not they need to pay you back.

If you are loaning money to a grandchild, be very specific about the terms and repayment, and consider having a written document that both parties sign and date.

This can help safeguard your financial situation and ensure both of you are on the same page – now and in the future.

sparkling diamond gift

3. Talk about it. Many people tend to shy away from discussions about money and finances with their family.

If you would like to help support your grandchildren or save for their future goals like college or a down payment on a home, be sure to communicate this with their parents.

This can help your adult children do a better job with their own financial planning.

For example, if the parents of your grandchild know how much you are expecting to contribute to their child’s education, they may be able to decrease the amount allocated to a 529 Plan and invest more toward other goals, such as their own retirement.

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4. Establish boundaries. Even if you want to help your grandchildren financially, depending on their situation, it may not be appropriate to do so, or to repeatedly provide support.

Everyone appreciates help, but if your grandchild needs to learn financial independence, there can be value in letting them live within their own means.

Keep in mind the smart – and sometimes tough – financial lessons you learned as you made your own way as a young adult, and the pride that came with successfully overcoming challenges.

If you want to provide financial support to a family member, but haven’t incorporated it into your overall financial plan, consider consulting a financial professional.

He or she can help you evaluate your financial needs and goals and create a strategy. A clear and realistic understanding of your own financial picture can help you identify how much you can comfortably give and stay on track with your own goals.

Gift GivingArticle Source: http://EzineArticles.com/9197603

 
5 Classic Choices for Birthday Flower Bouquets
 

Along with a bottle of fine wine and a box of luxurious chocolates, a stunning bouquet of flowers tops the list as one of the most pleasant birthday gifts to receive.

Flowers will brighten up any space in the home, and with some breathtakingly beautiful florist creations available, there is something to please everyone.

Of course, choosing which bouquet to select as a gift can be difficult, as some people may have more refined tastes and others more extravagant ones.

With that said, here are five classic choices for flower bouquets that are sure to be a hit with almost any recipient.

One of the most classic choices for any flower bouquet is that of red roses. These have become especially appropriate to give from one romantic partner to another due to the fact that they symbolise love.

bouquet of red roses

For more platonic gift giving, a bouquet of pink or pure white roses is equally as stunning and luxurious, and is sure to be appreciated.

If you would like a combination of the classic and the original, look for a birthday flowers delivery service that mixes in one or two other types of bloom with your roses.

One popular example of this is the addition of a few sprigs of baby’s breath to a bunch of deep red roses, which takes the bouquet from ordinary to extraordinary.

The second example of a classic birthday flowers bouquet is the all pink one; the warm and uplifting tones of an entirely pink bouquet are sure to lift anyone’s spirits, and are often to the taste of many, whether young or old.

One-Dozen-Long-Stem-Pink-White-Rose-Bouquet

The flowers used in the bouquet can vary, but it is the fact that various shades of pink are mixed together that gives an appealing and luxurious look.

Another example of a classic bouquet that you could ask your birthday flowers delivery service to put together for you is the blue and violet bouquet.

Again, the colors here are relatively conventional but still very beautiful.

Like a bunch of flowers that is entirely pink, the complementary violet and blue colors are sure to please almost anyone.

Whereas pinks are warm, soft and romantic, blues and violets are calming, which is why these types of bouquets appeal to so many.

For a striking bouquet, look for those from your delivery service that have the most brightly colored flowers placed in the middle of the bunch to create an eye-catching centerpiece.

violet coloured flowers

Our fourth suggestion for a great selection of classic flowers to send to the birthday girl or boy is a bouquet of colored lilies.

These noble flowers are the epitome of elegance, and are almost on par with roses for being the most popular type of bouquet that is given.

Although they are often mixed in with other flowers, a bouquet of only lilies can be breath-taking.

If you do opt for the lily bouquet, ask your birthday flowers delivery service if they can mix up the colors for a more elegant and striking effect.

Whereas the classic bunch of white lilies is beautiful, a mix of white, pink and orange lilies can make for an exceptional gift that cannot be found at your local supermarket or garage.

The fifth and final suggestion for a classic birthday bouquet is the bunch of freesias, which are sure to please just by their gorgeous scent alone.

Whereas lilies are not so good for pollen allergy sufferers, and roses do not always have that classic rose smell, freesias can be relied upon to provide plenty of aroma to fill the room.

Choose your freesia colors according to the color tips above, or instead ask your florist for their suggestions.

The finished visual effect may be either stunning or subtle, but one thing is for sure with freesias, and that is that the recipient of the birthday flowers delivery is sure to be delighted with lasting scent of fresh flowers in their home.

Picked With Love is a UK-based online florist service, delivering only the highest quality bouquets to customers nationwide. Picked With Love has a huge range of beautiful flowers, ideal for occasions such as Birthdays, Get Well Soon, Anniversaries, Congratulations, Retirements, Mother’s Day and Valentine’s Day.

Each bouquet is carefully put together by the company’s team of highly trained florists, and everything is done all under one roof to ensure excellent product quality.

Picked With Love offers a standard delivery service and letterbox delivery service to suit the specific needs of each customer, and has a friendly and knowledgeable customer care team on hand to provide the very best support to all customers, whenever they need it.

To see the range of stunning Picked With Love bouquets, please visit the shop at: http://www.PickedWithLove.co.uk