With graduation season upon us, it seems that just about everywhere I look, I'm reading articles, blog posts, and social media posts about how we are doing a poor job of teaching our graduates, whether they're graduating from high school or college, about day-to-day finances, including credit and budgeting. What a shame, especially when more than two thirds of college students are taking out student loans, and I venture to say most probably have no idea of how they will pay them back. Without a plan, our young people are signing up for decades of debt payments not even knowing if or how they will be able to pay them. So if you are a graduate or parent of a graduate, pay attention; here are a few of my credit tips.
- Educate yourself: As a graduate, it's time to take responsibility for your education from here on out. If you don't think you know enough about handling credit and finances, you need to accept the responsibility to educate yourself. You can start your education today by talking to your parents -- even if you don't want to emulate them financially. Continue your education by reading books and blog posts (like this one) and listening to podcasts.
Today's the day to begin being the master of your financial goals and educating yourself on credit and finances; then you will have a healthy credit report. Congratulations, and I wish you all the success.
Email me a credit question at JeanneKelly@kgroupconsulting.com.
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