Today’s Hack
Graduation season is an exciting milestone, not just for the grads, but for parents and grandparents who have supported them along the way. Today, Phil wants to share practical ways you can help your graduate make smart financial decisions early, along with actions that could have a lasting impact on their future.Phil wants to share practical ways you can help your graduate make smart financial decisions early, along with actions that could have a lasting impact on their future.
Join us as we run through a checklist of real-world financial lessons to pass along to a new graduate, from building an emergency fund to maximizing Roth IRA contributions and starting a retirement habit early. We’ll also explain why starting small is better than waiting and how giving your grad a financial “match” could spark lifelong savings habits.
Here’s some of what we discuss in this episode:
📊 The tools that make budgeting easier
📈 How Roth IRAs offer lifelong tax benefits
🔧 Debt management without shame or fear
💰 Why early saving beats bigger saving later
0:00 – Intro
1:55 – Financial tips for new graduates
6:49 – Emergency funds: why they matter and how to build one
8:10 – Debt management
10:55 – Basic budgeting principles
16:59 – Making saving fun: gamify it!
If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.
Get your copy of The Tax-Smart Retiree: https://www.thetaxsmartretireebook.com/welcome