One of the most important lessons your college students needs to learn is how to be financially savvy. Hopefully, you had the opportunity to share important aspects of being money smart before your child headed off to college. Regardless of whether you did or didn’t, when you see them for Fall or Thanksgiving break, here are a few tips to help you discuss smart financial habits with your student.
In the next couple of weeks, thousands of college students will be heading off to college for the first time or maybe the fourth 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.
Paying for college with the 529 college savings plan may be one of the best ways to help you save money for your children’s education. There are many different types of 529 plans and most states offer their own version. Generally though, most have very similar characteristics when it comes to the basics.
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.
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.
Now that everyone is in full holiday mode, most of us are busy making plans and creating to do lists of what all we need to do in the next 30 days. If you have kids, using the holidays as a teachable financial moment should be on that list. There are several opportunities to help incorporate financial wisdom in our holiday traditions.
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 to make sure they have a successful college experience and that includes the financial aspects of college.
A lifetime of good financial decisions can all be undone with a few poor financial decisions that have long term impacts. Sometimes the biggest key to financial success is driven by the actions you avoid rather than the actions you take.