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
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