Learning to manage money is one of the biggest challenges outside the classroom for students adjusting to college life. And although your student is more independent than ever, they’re still looking to you for advice in many important areas — especially financial responsibility.
56% of young adults* say their parents are their primary resource for financial education while growing up. And 43% continue to see them as the most important source of financial guidance after they’re on their own.
As your college student’s main source of economic education, it’s important to talk to your student about the ins-and-outs of financial responsibility. But where to start?
From adopting a smart savings strategy to understanding how to build credit, your college student is at the perfect age to develop smart money habits. You can help them take steps now that will carry them into a stable financial future.
From saving to spending, building credit to using a credit card, we’ve got you covered on everything a college parent needs to know about teaching their student financial responsibility. You might even pick up a few tips yourself!