The Chronicle

Pros and cons of grandparen­ts providing your childcare

MILLIONS OF GRANDPAREN­TS HELP CARE FOR THEIR GRANDCHILD­REN. LISA SALMON TAKES A CLOSER LOOK AT WHAT IT MEANS FOR FAMILIES

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RAISING children can be tough – but some lucky parents have their own mums and dads to help them out. Around nine million grandparen­ts help look after their grandchild­ren, spending an average of more than eight hours a week as childcarer­s.

Research by the insurance company Ageas shows this saves UK parents a total of £16 billion a year in childcare costs, or £1,786 a year per family.

In addition, many grandparen­ts are also supplement­ing some of the costs of raising a family for parents, by paying for some of the basics like clothing, and toys not just at Christmas and birthdays. Others are even stumping up for luxuries like holidays for their grandchild­ren.

But while granny childcare is a great help to parents, what do grandparen­ts get out of it?

Not surprising­ly, research by Gransnet has found that while one in six grandparen­ts have taken early retirement or quit paid employment to help out with their grandchild­ren, 80% of them say their sacrifice is worth it, and more than half (51%) say they’re happier now they spend time with their grandchild­ren.

Gransnet editor Lara Crisp says: “Most grandparen­ts who help out with childcare relish the opportunit­y to spend more time with their grandchild­ren and find it helps them build a strong relationsh­ip with them.

“They’re also very aware of the demands on modern families – in particular expensive childcare – and are for the most part happy to help out if they can.

“However, it’s clear that in some cases they feel they’re taken for granted, so open discussion­s should happen on an ongoing basis in order to manage everyone’s expectatio­ns.”

But it’s not all good – 17% say they’re financiall­y unstable as a result, and a tiny 4% say they were happier when they were working.

So what are the advantages and disadvanta­ges of grandparen­ts looking after their grandchild­ren?

Here’s what some of the grandmas and grandads that use Gransnet forums say:

THE ADVANTAGES

1 ADDED QUALITY TIME

NEARLY two thirds (63%) of grandparen­ts say looking after their grandchild­ren gives them “an amazing chance to spend time with them”.

2 PEACE OF MIND FOR PARENTS

FOR parents, it’s difficult to put a price on knowing that your son or daughter is with someone who loves them when you are at work.

3 IT OFFERS FLEXIBILIT­Y AND CONVENIENC­E

WHEN something unexpected comes up, it can mean a scramble to negotiate an extra hour or two at the childminde­r, whereas a quick call to the grandparen­t can be less awkward.

The help grandparen­ts offer can often save parents a considerab­le amount of money.

4 IT HELPS TO KEEP GRANDPAREN­TS ACTIVE

MANY grandparen­ts say caring for their grandchild­ren keeps them fit. That walk home from school or a trip to the local playground are a great reason to get some exercise.

 ??  ?? Grandparen­ts save families an average of £1,786 a year in childcare costs
Grandparen­ts save families an average of £1,786 a year in childcare costs

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