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How parents can teach their college-bound kids about personal finance this year

·1 min read

Paid for by Regions

College is often the first time teenagers experience financial independence. They may manage their daily living expenses, such as purchasing books and meals, while dreaming of future trips and careers. Understanding how to budget and save may open doors and empower young people to invest in their futures.

This year Kimberly Heard, a first-generation college student, started her first semester at a college in Atlanta on a full scholarship. Her parents, Aisha and Danny Cobb, are incredibly proud of Kimberly’s accomplishments, and now want to focus on teaching her how to manage her scholarships so she can save and pay for daily expenses.

Watch how, in the video above, the Cobbs are able to leverage resources from tools such as Next Step by Regions Bank as they prepare Kimberly for financial independence.

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From Regions:

Whether you’re facing financial uncertainties or simply planning ahead, Regions Next Step® is here to support you. Explore the Next Step® Financial Wellness Today collection for tips, tools and resources designed to help you stay on track and safeguard your future. To learn more, visit Regions.com.

Regions Bank/Member FDIC. This information is general in nature and is not intended to be legal, tax, or financial advice. Although Regions believes this information to be accurate, it cannot ensure that it will remain up to date. Statements or opinions of individuals referenced herein are their own—not Regions’. Consult an appropriate professional concerning your specific situation and irs.gov for current tax rules. Regions, the Regions logo, and the Regions Next Step logo are registered trademarks of Regions Bank.