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Student Resources for College Students and Young Adults

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Financially Speaking: College Student to Self-Sufficient Adult

Joyce Serido, Extension Specialist and Associate Professor — Department of Family Social Science

January 2016

Several studies find that when it comes to students making good financial choices, parents matter. Children and adolescents learn about the world and how to thrive in it by listening to and observing their parents — and that role doesn’t end when children turn 18.

How can you help your student learn to make better financial choices? Here are five financial parenting strategies that make a difference:

Financial competence emerges from an understanding of the basic principles of sound money management as well as opportunities to practice money management skills. When you financially parent your child, you are investing in their future well-being because college financial choices have a lasting effect.


Serido, J., Shim, S., Mishra, A., & Tang, C. (2010). Financial parenting, financial coping behaviors and well-being of emerging adults. Family Relations: Special Issue, 59, 453–464.

Serido, J., Shim, S., & Tang, C. (2013). A framework for promoting financial capability among young adults. International Journal of Behavioral Development, 37(4), 287–297

Shim, S., Serido, J., & Barber, B. L., (2011). A consumer way of thinking: Linking consumer socialization and consumption motivation perspectives to adolescent development. Journal of Research on Adolescence: Decade in Review, 21(1), 290–299.

Related resources

Credit Strategies for College Students — Tips to manage loans and credit card debt.

Are You Ready to Discover Your Financial Identity?Smart About Money — This Financial Identity Quiz is one tool to help you identify where you are currently on your journey to financial independence.

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