What Issues Should I Consider When Starting Out Financially?

You likely have clients who are raising children entering adulthood. While parenting is not a core focus area in financial advisory services, you are uniquely situated to provide valuable support to your clients who are teaching their children to become financially responsible.

Financial literacy is fundamental to financial independence and prudence. However, financial topics and skills are often omitted from traditional school curriculum, leaving the teaching responsibility to parents. In addition to leading by example, your clients may wish to engage their children in structured conversations regarding financial responsibility. To help you guide these discussions, we have created this checklist to address many of the planning issues that young people face when first starting out financially. It covers basic financial topics, including:

  • Goal setting
  • Cash flow management
  • Saving strategies
  • Credit and debt management
  • Risk management


Updated for 10/15/2021