Financial literacy tips for college graduates

Good Morning CT at Nine

College students will soon be walking across the stage to get their diploma, but then what? Financial expert Chuck Cumello of Essex Financial Services shares financial literacy tips to prepare grads for the real world.

Savings and Investing-Start smart habits early

-Automate your savings
-Invest early-time is your best friend
-Build an emergency fund
 

Understand debt and loans

-Automate loan and bill payments
-Understand how interest rates work.  Investments/savings rates versus rates on loans and credit cards
-Communicate with a lender if any problems arise
 

Protect your identity and credit

-Enroll in a credit and identity theft protection program-a must do!
-Freeze your credit           
 

Make it easy and educate yourself-use technology

-Apps
-Online programs & educational videos
 

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