Tuesday, June 2, 2015

Graduation Season - Here's How to Help Grads Handle Money

Reprint from Financial Engines
by: Jennifer Carole

With Memorial Day 2015 in the books, we are right in the middle of graduation season. While most students are focused on reading, writing and arithmetic, one thing kids may not have learned in school is how to manage money. We’ve pulled together some tips for helping your new grad, regardless of their age.

For college grads

Money magazine offers a comprehensive article for college grads to help them understand topics like budgeting, housing, credit cards, student loans (and how to repay them), working, health insurance, emergencies and last, but not least, saving. There’s something for everyone here, as it covers the basics with tips, apps, and more for setting up a solid financial future. Read the story.

For high school grads

The folks at U.S. News Money provide a list of skills that are appropriate for high school students. – High school is a great time to get grounded in the fundamentals and upon graduation, high school students should know how to do things like track spending, create and follow a budget and make sound buying decisions. Read the story.

For middle school grads (and younger)

You’re never too young to start learning about how money works. For the gaming generation, otherwise known as digital natives, Edutopia has collected a number of online tools that can help your youngster start to play with money and understand how it works. Read the stories – middle schoolers and kids of all ages.

Best of luck to you and your new grad – and congratulations!

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