While that father-child bonding time is great for kids, they aren't the only ones who benefit from it. Recent research has shown that dads who spend time with their kids are more likely to be successful, happy and fulfilled themselves — in both their work and home lives.

While many grandparents consider babysitting a gift they offer you and their grandkids, a growing body of research suggests that offering occasional child care can also help your parents' overall health. Not only do many grandparents receive a mood boost from interacting with the younger generation, but they might also be reducing the risk of cognitive decline when babysitting.