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. Don’t make early mistakes that can lead to a lifetime of financial setbacks.
Establishing and maintaining good credit is important – whether you want to obtain a mortgage, a car loan, or a student loan, your creditworthiness is the key to your financial life. If you have bad credit, it will be more expensive for you to borrow money for any purpose because your interest rate will be higher.
Before you can help your teen make wise money decisions, it’s useful to know how adolescents receive money and how they spend money.
Most college students have been at school for nearly a month making it a good time for parents to review newly created financial habits. A few simple questions can help you determine if they are on the right track financially.It is really important for them to get started with good financial habits.
College freshman will be heading to school very soon and most families are already preparing them for the day. When thinking about what your child needs, don’t forget financial wisdom. Not only is important to obtain a good education but you also want your child to leave college in a sound financial condition as well.
How financially savvy is your college aged child? Are they prepared for the real world and ready to make real financial decisions on their own? Building good financial habits during college is extremely important to long term financial success. Following are few ways to help your child become good at making financial decisions.
Even more scary than your child leaving the nest may just be paying for their new nest! If your son or daughter will be attending college in the near future, you may already be experiencing some anxiety about how to pay for college tuition. Fortunately, there are several options you can look into for financial assistance.
As a parent you know that saving for your child’s future is important. You may have established several different methods for saving for them including education funds. While it is important for you to save for your child, it is just as important, if not more,to teach them to save for themselves. Here are a few ways to get them started saving for a new car, college, travel, and other expenses.