“Many kids come out of college, they have a credit card and a diploma. They don’t know how to buy a house or a car or health insurance or life insurance. They do not know basic microeconomics.” – Jesse Jackson
If you have teenagers that are finishing up high school, or your kids are in the early stages of college, it may be time to sit down and talk to them about money. It’s a necessary evil in life, and the more your kids understand about it the better off they will be to handle life on their own – which is coming up sooner rather than later!
- Tell them about how important it is to both have a budget and monitor their spending.
- Encourage them to apply for additional scholarships, and only take out student loans if necessary.
- Warn them about the dangers of credit cards, and tell them about how credit companies will try to lure them into signing up for cards promising free t-shirts and pizza.
- Ensure that they see a college education as an investment into their future and that they put their education above all else (it’s easy for students to get diverted away from what’s important!)
If your student needs help with their Boston insurance policies, have them call Vargas and Vargas Insurance Agency at 617-298-0655. We can walk them through the importance of having the right insurance protection and get them a quote on a policy that will protect their valuables without emptying their wallets.
