Some parents dread it, and some parents dream about it: the day your teenager flies the coop…at least for a few collegiate years. As your family prepares for the big transition, here’s a few practical thoughts to keep in mind.
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Locate the free ATMs now. CVCU debit card users have surcharge-free access to thousands of ATMs in the SUM ATM Network all over the country. Use the ATM Locator options to find the ones in your teen’s college town before she gets there. She can even download the SUM Smartphone App for free.
Check scholarship deadlines. Many scholarship deadlines have not passed yet, but they are getting close. Make sure to apply for any that she may qualify for.
Learn More. A lot of parents don’t think about directly teaching their kids about money. Maybe it’s because they don’t feel qualified. Maybe it’s because they think the schools should be doing it. Regardless, don’t leave your teen to learn about money the hard way. Credit Unions can help. Send them to MyCreditUnion.Gov to explore the many financial education resources available, especially for teens.