The Heron

Potomac Financial Group’s Newsletter

This time of year marks a significant transition for many young adults as they head off to college for the first time. I am especially mindful of this now more than ever since my daughter, Lilly, is a high school senior. I don’t know how that happened, but here we are, starting college visits. She is a theatre kid and is looking forward to finding a school that can further develop her talents.

As exciting as this stage is for both students and their families, it also comes with a mix of emotions and can have parents running down a mental checklist of all the groundwork they laid out (and was hopefully absorbed!) for their student to confidently step out into the world on their own.

Among the many things to consider when navigating this transition is the young person’s level of financial literacy. We’ve talked to Lilly about money since she was very young, and seeing how she handles it gives us confidence in her financial decision-making. Starting conversations about money early doesn’t have to be complex or overwhelming. This article offers essential financial lessons helpful in teaching kids from a young age and throughout the stages of their lives. Simple discussions about money, allowances, and basic financial concepts can plant the seeds for a lifetime of responsible financial behavior.

Whether your child is going off to kindergarten or campus, embrace the excitement of this new chapter and the amazing experiences that await all of you.

Take care,

Jeremy S. Dvorak, 
CERTIFIED FINANCIAL PLANNER™
Potomac Financial Group

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