May is the time that many young adults are ready to venture into the world armed with a degree and hopefully soon a great job. With all of the excitement, financial matters are often forgotten which can be detrimental to their long term success. This is a critical time financially speaking for young adults.
Studies have shown that obtaining basic financial knowledge early in life can increase the chances of being financially successful as an adult. If you have kids, you should have a plan for how you intend to teach them the money skills they will need throughout life.
Figuring out how to pay for college is no easy task. But the good news is, there are various options available when it comes to financial aid for undergraduate students.
At FORUM, we know the future is dependent on the youth of today. We believe it is extremely important to serve our younger credit union members to help them grow in all areas including education, community leadership, and business etiquette. That’s why we offer FORUM Foundation Scholarships and the Young Leaders Council.
For most people, following the basic money rules is the right choice for their financial situation. However, as with most things in life, there are situations that following the tried and true advice might not be the best option.
In the next few weeks, several thousand college freshmen will be arriving on campus excited to start the next chapter in their life. An often overlooked aspect of this new life is the financial wisdom needed for this new found freed. Following are a few of the important tips your college aged children need to know.
If your son or daughter is heading to college this fall, both you and your child most likely have a lot on your mind – finances, meeting new people, choosing a major, and more. With all of these conversations happening, it’s a great time to talk with your child about the basics of budgeting, establishing credit, and opening a free checking account.
Summer is most often cited by kids as the best time of the year mostly because there is more fun than learning. For parents, summer fun can also be a great financial teaching moment for your kids.