The rising cost of college and the mountain of student loan debt facing many college graduates have many parents concerned. Fortunately, there are ways to help your children leave school with less debt whether you are starting early or only have 12 weeks to go.
The first six months after graduation are a key time in a college grads financial life so whether you are the graduate or have a child graduating there are a few financial steps that can really improve the probability of having long term financial success. Learning these basic financial habits early in life will be a great foundation for future success.
Numerous studies have proven that children who get a basic understanding of financial concepts early in life are much less likely to have financial difficulties later in life. It may be surprising how many opportunities that parents have to teach their children about financial matters early in life.
None of us are perfect when it comes to good money habits. But that doesn’t mean we can’t do our best to impart smart financial basics to our kids. Below are a just few practices you should avoid!