Charline Tetiyevsky / Flick
Graduation season is here! If you’re heading to a graduation this year, we’ve got you covered. I’ve rounded up some of our best graduation posts to help you save money.
Know a grad and need a thoughtful, yet inexpensive graduation gift? Consider a financial gifts for your grad. Don’t worry, it won’t break the bank. It’s as simple as getting them a financial book to bone up on their personal finances. Our gift ideas work for both high school and college grads!
A little graduate. Banana Custard / Flickr
This financial planning post is brought to you by Towry, the UK’s leading investment management and wealth management firm. Towry offers independent financial advice, pension advice, SIPP and retirement planning.
This is a post by BargainBabe.com writer Yazmin Cruz.
Graduation season is in the air. If you’ve already received graduation announcements, it’s time to start thinking of the perfect gift. Here are four helpful gift ideas to set grads on the right financial track.
1. Retirement accounts – Students seldom think of retirement because they are busy being young. This gift not only includes a chat with you or a financial adviser about retirement, but a cash gift, which we all like. Sit down with your graduate and help them start planning for the future. By starting early, the power of compounding interest and time will allow your graduate to build wealth. If they are working for a company that provides employee retirement plans like a 401k, encourage them to take advantage of it. Before they do, make sure to read Bargain Babe’s post on how to determine if your 401k plan sucks. If your graduate will be self-employed, a talk about how to open an IRA is a must. Keep in mind that whatever amount you are willing to gift your graduate is up to you and know that it will be welcomed and appreciated.
2. Start an emergency fund – (more…)
