It’s graduation season. It’s a time when our young people are staring out on their own. It tends to be a time of youthful optimism, but it can also be a time when financial mistakes are made. And those mistakes can take a long time to fix. So, as a public service, here are some financial tips for grads, courtesy of the US News Money section. Any of these sound familiar?
- Live within (or below) your means.
- Start building your credit early.
- Prepare for the future.
- Monitor your spending.
- Pay down debt.
- Get educated.
That last one is interesting. The article says that one reason young people get in trouble is that so few have had any sort of personal finance education.
Like I said, screwing up any one of these will cause problems. Trust me, I messed up more than one! How about you? Are you or your kids just starting out? Have any financial tips to share? Let us know over at the MindField Online Facebook page!