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Terry Nelson, CFP®, ChFC®, CASL, LUTCF®
Olmsted Financial Group
3428 Lakeridge Pl. N.W., Suite 120
Rochester, MN 55901
Phone: 507-281-1262
Cell: 507-250-3967
Fax: 507-281-9131
July/August 2025
Leaving the Nest
When young adults leave the nest, they will confront a number of financial challenges for the first time in their lives, but there are some things they can do to ensure a successful experience.
Practice Good Debt Management
Credit cards are not free money, and balances for young adults often come with high interest rates. Paying any balance in full each month will keep the interest charges at bay.Start a Regular Savings Regimen
Children watching parents save regularly tend to develop similarly good financial habits early in life.Protect Belongings
Insure your student's belongings against a loss due to fire, theft and other perils.Today's students own expensive items such as a car, computer, monitor, cell phone, television and gaming devices. Also, cover basics including clothing and bedding.
Securities and Advisory services offered through Geneos Wealth Management, Inc. Member FINRA/SIPC.
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