Scott Day of Michigan State University has 3 great finance tips for upcoming grads!
I just recently bumped into an old friend that I had not seen in a while. He has a “soon-to-be college graduate.” We started talking about today’s tough job market, and he asked if I have any advice that I might be able to pass on in personal finances for this particular age demographic. I quickly put together a three-point elevator speech that could be explained by a concerned parent in a short period of time, and here are the highlights:
- Next time your soon-to-be graduate is at a book store getting a cup of coffee, meeting with a group of friends or studying, ask them to pick up a book or two on personal finances that is directed at their age. If they can buy it, great, but even if they skim through it for a half hour at a time, over time, this will get the ball rolling that will help them set themselves up or success in what might be a very stressful time in their lives. Since they are already in learning mode this would be just a little “value added” to a well-rounded college education. (more…)