Here's one reason it's important to have an idea of the time frame. Could this possibly be one of your grandmothers?
1930 United States Federal Census
Name: Susie Holcomb
Home in 1930: Tupelo, Lee, Mississippi
Estimated Birth Year: abt 1910
Relation to Head of House: Daughter
Father's Name: Harman R Holcomb
Mother's Name: Susie Holcomb
Household Members: Name Age
Harman R Holcomb 50
Susie Holcomb 48
Gene Holcomb 23
Susie Holcomb 20
Harman Holcomb 13
Christine Mccarty 14
Source Citation: Year: 1930; Census Place: Tupelo, Lee, Mississippi; Roll: 1154; Page: 2B; Enumeration District: 8; Image: 770.0.
Ancestry.com. 1930 United States Federal Census [database on-line]. Provo, UT, USA: Ancestry.com Operations Inc, 2002.
Original data: United States of America, Bureau of the Census. Fifteenth Census of the United States, 1930. Washington, D.C.: National Archives and Records Administration, 1930. T626, 2,667 rolls.
Containing records for approximately 123 million Americans, the 1930 United States Federal Census is the largest census released to date and is the most recent census available for public access. The census gives us a glimpse into the lives of Americans in 1930, and contains information about a household’s family members and occupants including: birthplaces, occupations, immigration, citizenship, and military service. The names of those listed in the census are linked to actual images of the 1930 Census.
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The 1930 Federal Census is the latest one currently available, so it's usually the first step taken in a search.
There were BOYD, ALEXANDER, and TODD folks in the 1930 census for Lee County, but none that looked "right" for your grandparents.
One really great tool is the Social Security Death Index, which can be searched free. If you know when and where one of your grandparents died, try searching the index--you often can find an amazing amount of information there. You then can get a copy (about $30 or so) of their application for a Social Security Number (filled out by themselves) which may tell a great deal about their early lives.