Common sense finance tips for grads

GRAND RAPIDS, Mich. (WOTV) June is the season of graduations and open houses. It’s also the time for parents to talk about common sense finance with their kids. The experts at Fifth Third Bank say it takes persistence and communication in a language kids can understand. Here are some tips:

Advice for Graduation Money

  • Acknowledge that kids will spend some
  • Make sure some gets saved
  • Open a savings and checking account

Teaching Kids Finance

  • Put some in savings
  • Donate some to a charity
  • Leftover cash is for spending

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s