|Younger People use iPads or other tablets to manage their personal finances|
When one of my younger cousins sent out the invitations for her recent wedding, the couple requested cold hard cash for a home down payment instead of gift like a crystal bowl. That says it all about the economic times we are living in now. The couple would have gotten plenty of cash anyway but I guess economic realities could not allow them the luxury of looking at a bunch of gift-wrapped baubles instead of money.
I think that the same thinking applies to gifts for new college graduates given the burden of college loans and a less than stellar job market. Let’s be real!
|Balancing a checkbook|
Whatever gift you do give to the happy couple or new graduate, here’s one more that you must give: Personal financial and wealth creation education.
Many high schools and colleges no longer have Home Economics courses, where the hands-on basics of personal finance, budgeting, getting a home mortgage and wealth creation were taught prior to 1980. Give this gift of knowledge to make-up for this gap in public education.
Give insight and direction to financial experts, books and websites. Let them know ways to maneuver their financial life in a stalled economy.
Best of all, let them know ways to be ready for when the economy honestly heats-up. Then, maybe the young couples and new college graduates will be in a financial position to buy jewelry gifts for you.