As a parent, you have many responsibilities to help prepare your young student for the challenges of college. Perhaps the biggest one is to teach them how to spend (or how not to spend) their money.

The time has arrived—your child is getting ready to graduate from high school and soon your nest will be empty. As a parent, you have many responsibilities to help prepare your young student for the challenges of college. Perhaps the biggest one is to teach them how to spend (or how not to spend) their money.

Recent surveys indicate that as many as 70% of college graduates are likely to move back home with their parents after graduation. But providing a good financial education for kids long before they head off to university can help relieve some of that burden.