Budgeting for college students presents unique challenges due to variations of income and expense. Combining a cash flow budget with a yearlong monthly financial plan allows planning for the variations of income and expenses that college students experience. Author: Jesse M. Ketterman, Ph.D.; Title: Budgeting 101 for College Students (FS-1194)
Children, teens, and young adults learn their money management skills from a variety of sources, such as school, media, and peers. But parents have the greatest influence on their children’s financial decisions. In fact, 56 percent of young adults say they rely on their parents for financial guidance. Money management must be learned and practiced. It’s important for children to learn about the value of money before they actually have any. Start early in your child’s life to instill habits and build on them as your child grows and learns.