Summary
The best financial gifts improve financial behavior, says Len Hayduchok, president of Dedicated Financial Services in Hamilton, N.J. New graduates face slowing job growth even though the job market is generally robust. Despite these challenges, this generation has brighter prospects than Millennials did.
The average monthly student loan payment for a bachelor’s degree is around $302. Gifting your high-school grad a four-year CD means your cash will earn interest from their freshman year of college to their senior year. If you want to avoid technology and get back to the basics, try teaching your recent grad the new 60/30/10 budgeting method.
