Budgeting Together: Collaborative Financial Planning for Parents and College Students

Research shows that 7 out of 10 college students feel overwhelmed by financial responsibilities, while most parents worry about their ability to support their children through higher education. Yet surprisingly, only a handful of families engage in detailed financial planning conversations before the college journey begins. This highlights a critical gap in family financial communication that affects both academic success and long-term financial wellness. Financial literacy tends to develop through observation and practice, much like any other life skill. When parents and students work together to create and maintain a college budget, they might discover opportunities for mutual growth, […]