Generally, college students have proven to be responsible in managing their money. But as parents know, novices can easily get into trouble. Developed by College Parents of America and MasterCard International, the Money Talks brochure can help parents hold an educational conversation with their college-aged children about fundamental financial information. More than 25,000 Money Talks brochures are now in circulation and also will be available to parents at several college campuses this summer at freshman orientation sessions. Set a tone of confidence, openness and trust.
Laughter always helps.
Lighten the mood with a joke. Make it an equal exchange, not a lecture. Ask plenty of questions, and listen carefully to the answers. Don't talk down. Don't bring up old financial disagreements you may have had with your children.