Schwartz Financial Associates, Inc


701 Route 73 North Suite 6, Marlton, NJ 08053

Phone: (856) 216-0390



July/August 2019

Leaving the Nest

When young adults leave the nest, they will confront a number of financial challenges for the first time in their lives, but there are some things they can do to help ensure a successful experience.

Good Debt Management
Credit cards are not free money, and balances often come with high interest rates. Have a plan for when you will use the credit card. For example, a card is great for an emergency, but not for eating out or spring break trips. Financially savvy students live within their means. Paying any balance in full each month will keep the interest charges at bay and help build a good credit rating.

Get Insurance
If you are living in a dorm or apartment, be sure to carry renters’ insurance, which will protect your belongings against theft, fire and other perils. You’ll also need health insurance and auto insurance, if you have a car.

Minimize College Debt
You may not be able to avoid student loans completely but do everything you can to find alternative funding. Submit your FAFSA as soon as possible, apply for scholarships and grants, work part-time, become a student aid or residential assistant. Get an internship that pays. If you do have to resort to a student loan, apply for federal loans, which offer the ability to defer if you lose your job, go back to school as well as some income-based repayment plans that private loans do not provide.

Becoming a responsible adult at a young age will help you to build a secure financial future.


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Registered Representative offering securities through Cetera Advisor Networks LLC, member FINRA/SIPC, a broker/dealer and a registered investment adviser. Cetera is under separate ownership from any other named entity.
Advisory Services and Financial Planning offered through Vicus Capital, Inc., a Federally Registered Investment Advisor.
For a comprehensive review of your personal situation, always consult with a tax or legal advisor.  Neither Cetera Advisor Networks LLC nor any of its representatives may give legal or tax advice.
Schwartz Financial Associates, Inc 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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