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If you follow me on Instagram, you know I’m a Dave Ramsey follower. It’s no surprise, then, that I think The Graduate Survival Guide: 5 Mistakes You Can’t Afford to Make in College, co-authored by Ramsey’s daughter Rachel and Anthony O’Neal, is a winner for folks trying to instill financial wisdom in their high schoolers.
The Graduate Survival Guide is a quick read–I read it in less than an hour on a trip to the doctor’s office–and one that the kid in your life needs before he or she graduates from high school, preferably during his or her sophomore or junior year. (Actually, I think I would have benefited from reading it before freshman year since that is when I buckled down and started working toward scholarships.).
The information contained within the book is mostly common sense, but given common sense doesn’t seem to be all that common these days, what is said here is important advice. It suggests avoiding student loans and credit card debt and encourages saving money and making smart decisions–you know, like not taking out $200,000 of student loans on a bachelor’s degree to be a teacher earning $50,000 per year.
Much of the text is infographic style, good for driving home points quickly to students who may not have the attention span or time to read every single word. (See the picture below.)
Best of all, the book contains a sample action plan and budget–and student baby steps, which are a bit different from Dave Ramsey’s typical seven steps.
So if a kid in your life is going back to high school this month–or even headed into or back to college, given that it’s never too late to get on a better financial path–consider gifting him or her this small book before the year begins.
Wondering why I have this book in the first place? I didn’t buy it for myself. I gifted it to my cousin with advice to avoid student loans that have been such a burden for my family. Read my open letter to her here.