Ohio Society of CPAs offers the gift of financial advice for new graduates entering the workforce
(Columbus, OH – May 21, 2008) – This month, thousands of college graduates will shed their caps and gowns to join the ranks of America’s working professionals. Many of them will do so with high hopes, high ideals, and high debt from student loans.
Parents and other well wishers can start graduates off on the right financial path as they begin to earn a full-time paycheck.
While money is a popular gift idea, The Ohio Society of CPAs recommends pairing it with a gift that will put the graduate in your life on track for financial success.
The Financial Fitness Ohio podcast series is a free resource to help young professionals navigate their new financial responsibilities. A series of five short podcasts offer timely information and tips that are particularly relevant to young, working adults.
The Podcasts feature a conversation between Milt Fullen, CPA, a financial advisor with Fullen Financial Group, and a new college graduate, and cover these topics:
- Establishing emergency funds
- Tackling student debt
- Understanding retirement planning options
- Saving for big-ticket items
- Knowing the ins and outs of insurance
“Graduation is a good time for young adults to develop sound financial habits for a lifetime,” Fullen said. “We live in a world where debt and out of control spending are considered a normal way of life. Too often, it’s a shortcut to financial crisis.”
The podcasts are five minutes in length and designed to help young professionals make smart money decisions at the beginning of their career. Downloaded to a new iPod, burned to a CD or saved to a new flash drive, these podcasts will help any graduate take control of their finances.
To download the podcast series or for more information on becoming finically fit, visit http://www.financialfitnessohio.com/.
A Harris Interactive poll conducted for the AICPA found that young adult households with incomes below $50,000 are spending over 40% of their income servicing debt, including mortgages and student loans. Financially strapped or concerned about the U.S. economy, the poll found that 41% of adults are postponing major life decisions, including marriage, higher education and medical treatment.
Financial Fitness Ohio is an initiative funded by The Ohio CPA Foundation, the charitable organization of The Ohio Society of CPAs. Through Financial Fitness Ohio, CPAs teach consumers how to make smart financial decisions for achieving their personal goals.
The Ohio Society of CPAs, established in 1908, represents more than 24,000 CPAs in business, education, government and public accounting. The Ohio Society’s members not only meet statutory and regulatory requirements as CPAs, but also embrace the highest standards of professional and ethical performance. This is achieved through ongoing professional education, comprehensive quality review and compliance with a strict Code of Professional Conduct.
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LAST UPDATED 5/27/2008