Summary
An Ohio woman, Tammie Kelton, shared on social media her decision not to buy Christmas gifts for her grandchildren. Instead of gifts, she invests money in their custodial accounts. She hopes this approach will teach them about saving and break cycles of financial struggles in her family.
Key Facts
- Tammie Kelton has four grandchildren.
- She chooses not to buy them Christmas gifts but invests money on their behalf instead.
- Each grandchild has a custodial investment account where Kelton deposits money monthly and on special occasions.
- The grandchildren are aware of these investments; she educates them about money as they grow.
- Kelton’s goal is to encourage financial literacy and savings in her family.
- Her approach has triggered mixed reactions on social media, with some approving and others finding it harsh.
- Kelton emphasizes that she spends time and does fun activities with the grandchildren, which she values over material gifts.
