Importance of personal financial planning for college graduates (and others)

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Adapted from MU Office for Financial Success Finance Tip of the Week blog post by Ryan H. Law, M.S., AFC, former Director of Office for Financial Success, Department of Personal Financial Planning, University of Missouri

Here are some specific steps that all graduating seniors should take. Actually, this is good advice for everyone, no matter when or if you’ve graduated from college.

Become financially literate

Unfortunately, financial literacy in the United States is not widespread. Most high school students fail a personal finance exam (less than 50% of questions answered correctly) and college students score just 62%. One of the best things you can do for your future is to become financially literate…

For anyone interested in learning more and creating or refining your financial plan, see the full version of this article for a wealth of information, tips and resources:http://missourifamilies.org/features/financearticles/cfe82.htm

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