Graduating from high school marks an important step toward adulthood for U.S. teenagers. But do your kids have the financial savvy needed to make important decisions about credit cards, student loans, budgeting, and renting their first apartment?
Here’s a cheat sheet from columnist Ron Lieber of The New York Times on the most important things graduating seniors need to know about money, from when to start a Roth IRA, to taking on student debt, and building up their credit history.
You can use the list to start a dialogue with young adults in your house. A little bit of financial education compliments of mom or dad can save them from learning money lessons the really hard way.