Whether your child is a first-year or fourth-year college student, it is important to teach them good financial habits. A great place to start is by having them create a spending plan.
In the next couple of weeks, thousands of college students will be heading off to college for the first time. As parents, there is a wealth of information to impart to your children, but perhaps the most important are the following five financial tips.
FORUM is dedicated to embodying the cooperative credit union spirit in all we do. That’s why we created the FORUM Credit Union Foundation. The Foundation is committed to strengthening the communities we serve through youth educational opportunities. This includes both educator grants and collegiate scholarships available to FORUM members.
Having a financially responsible teenager starts by having money smart pre-teens. Fortunately the basic skills to teach your pre-teen that will put them on the path to being a financially responsible teenager are relatively simple to teach. Kids as young as 8 can often start learning these skills.
Whether you’re going to college or attending high school, FORUM’s Student Checking Account gives you the flexibility and services to accommodate your lifestyle. Plus, right now if you open a Student Checking Account before August 31, you’ll be entered to win a MacBook Air computer!*
Parents of high school seniors will soon be facing the reality of paying for college and for some this could be a scary prospect. Most parents want to help their kids avoid massive student loan debt upon graduation and even if you are not fully prepared to pay for college there are still ways to help your child even at this late date.
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.