Graduates Flock Back Home

You are glowing with pride as your child on the road so often dreamed of college. As his car away, you experience a whirlwind of emotions: I'm nervous, excited and proud all at the same time.

The transition from home to school is a time when children re-define their relationship and their parents. Your baby is now a young adult. Although the transition may be difficult for some is an excellent opportunity to challenge a parental figure by a trainRole of a close confidant.

Even if you miss your son or daughter, you are waiting to enter the next phase of your personal life. Once the car is out of place that converts your head in the garage in his room in the cave, you've always wanted. He raised his right of children, and feels - now - it's time to realize your personal dreams.

Degree! He just celebrated his degree at university, and is eager to start their next phase of theirLife. Unfortunately, the recent college graduate and an independent young adult is unable to do the next phase of his life.

Stop building! Before starting to clean their rooms and start building your new cave there is something you should know. According to a survey by MonsterTrak graduates, 57% plan to return to college with their parents after graduation.

Because half of all graduates plan to go backat home? Now, according to Student Monitor, 62% of graduates leave school with $ 27,236 of debt. Moreover, less than a quarter of students and only 20% of parents say students are well prepared to address the financial challenges awaiting them after graduation.

Moving house. Your son or daughter is a bit 'awkward, but asks to go home. My dream takes place in itself, for now, and it is your cave againShift one bedroom converted to make it again. Sure, it's nice, the family all together again, but it is different now. You know your child would rather be connected to its own brand in the world and live a real independence after graduation. In addition there will be something in you that freedom has recently noted that you enjoyed.

Is there anything you can do! The debt trap that many colleges affected are young adults can be avoided. There are simpleLessons can parents ensure that your child will be given an advantage to start you in life. Financial literacy for youth and provides children with practical skills, financial education will allow them to go and do it in the real world.

1) Start saving. Teaching personal finance is important in a young age. Let your child set aside 40% of the money they receive as soon as possible. How to pay for their day to day needs (the food at homeClothing should save), 40% of all money they receive from gifts or works by a breeze. Moreover, in the real world, will pay about 40% of their income in taxes anyway.

Teach your children about money early while the habit of saving to use in their lives. Also, if you want to contribute their money to the school for them a sense of satisfaction when they do graduate.

Two) education credit. In the dark corners of universitiesUniversities across the country - students get free T-shirt up, pizza and calculators. These gifts have a great rate, students must enroll in a credit card for them.

Credit card companies to bribe students with these gifts because they know that college students with little or no financial education sent. You go on the shelves until the debt and often do not realize how difficult it is to be paid back until late. Bring yourChildren on credit cards, so they are ready, before the lure of free pizza.

3) Free money for school. Scholarship helps the child to reduce the cost of a college education. Contrary to popular belief, you do not have a 4.0 GPA student and a star athlete in order to get money for school. There are scholarships and grants are for people of all cultures. Let your child now, the possibility of financial support for research, if they are in junior highSchool. This translates into more debt burden so many of their colleagues will face freely.

The increase to take a well-rounded, young adults are not financially independent, some effort, but the reward is worth it. It starts with teaching children about money from a young age. Both you and your child will reap the rewards through your life.

As the child a practical financial education before they go to college them a big head start in life. You will feel good to know thatYour child has all the advantages they need to go out and financially independent. You can compare what they want and avoid the debt problems of most graduates faced afford. Above all, your father / son relationship can, of course, you can enjoy the relationship with aging increase.

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