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Dice Financial Services Group
1716 N. Sanborn Blvd, PO Box 790
Mitchell, SD 57301
Phone: 605-996-7171
Toll Free: 800-658-3603
Website: www.dicefinancial.com
July/August 2018
Departing Advice for the College-Bound
You spent 18 years looking after almost every aspect of your child’s life. Soon, your child will be off to college and independent. Help your child prepare for a life of independence – and responsibility – by going over some life basics.
Bank Account Basics
College-bound students need to know how to balance a checkbook, and that bounced checks cost a lot of money. Emphasize that an ATM card is not free money but merely simplifies withdrawals from a checking account.Finally, to encourage saving regularly consider an agreement where you match each dollar saved, even if it’s only $20 per month.
Establish Credit
College students may benefit from establishing their own credit as first-year students. Because high interest charges adds up quickly over time, teach your student to pay off any balance monthly so burgeoning interest charges do not make life difficult. Building good credit while in school can translate into cheaper credit when college students graduate and look to buy vehicles and rent apartments.Health Insurance
Before your child takes off, make sure you are not automatically charged for college-sponsored health insurance. Generally, you can now add or keep your children on your health insurance policy until they turn 26 years old.Let Go
Teaching money basics to your child now will allow you to let go and watch your young adult blossom.CONTACT US
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Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Insurance Services offered through Dice Financial Services Group.
Dice Financial Services Group and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.
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