Gifts That Help Grads Better Manage Their Money

Graduation gifts that help graduates make better finance decisions.

May 10, 2014 at 10:45AM

Graduation time is right around the corner, and that means it's time to start shopping for grad gifts. Money is always welcomed by graduating students, but how about gifts that help a young new grad better manage their money? Here are a few ideas for graduation gifts that will help them make good personal finance decisions.

Investment in the future
Open up an individual retirement account (IRA) for the new grad. Since most single grads make less than $181,000 in earned income, the odds are good that your grad will be eligible for a Roth IRA, which anyone can open on their behalf. Instead of giving them cash which they are likely to spend now, an investment in their future can provide a lifetime of benefits. They can also roll the money from the account into a 401(k) later in life when they are making the big bucks.

Sharing knowledge
Some professional financial advice given early on can help a young person face their financial future with confidence. Treat your new grad to an appointment with a professional financial advisor, especially if they already have some investments, an inheritance or dividend-bearing account. A good financial advisor can help them understand their finances, assess their financial state, plan for the future, and help them make good decisions with all of that graduation money before it burns a hole in their pants.

Take a chunk out of their debt
Not many college students graduate without big debt in the form of student loans. If you are planning a large gift, or would like to do an ongoing gift, why not make one big or several recurring payments toward their student loans? High-interest or unsubsidized loans should be paid off first to avoid interest. Give your grad a hand by lowering their no doubt burgeoning student loan debt.

Let's go shopping!
If your grad doesn't already have a job lined up, having proper business attire for an interview is a must. If you're shopping savvy, take them out and show them the ropes. If not, visit a store with personal shopping services together. If you don't live nearby, a gift card to a retail store that sells strictly business attire is the next best thing.

A great first impression
With limited experience in business, it can be very difficult to build a resume that shines. A good resume professional can help polish the gems among the grad's work, volunteer, and internship history and highlight their personal strengths. Shop around for a good resume service and set them up with a winning new resume.

If you're not comfortable with selecting a professional, or your grad has great writing skills, take a look around at the great selection of books that explain the process of writing a great resume, and how to bring out the most alluring pieces of information about a job candidate.

It's who you know
If you're very well connected, one gift that costs nothing is to provide the new graduate in your life with a graduation gift that will pay off: your contacts. You can get creative with sharing your important networking contacts into a nice journal or Rolodex, but don't forget a digital file to accompany it. Take the extra step and make introduction in person when possible, and you'll be setting up your grad with both a ladder and a safety net.

This article Gifts That Help Grads Better Manage Their Money originally appeared on My Bank Tracker.

Invest in your future. 6 stock picks poised for incredible growth
They said it couldn't be done. But David Gardner has proved them wrong time, and time, and time again with stock returns like 926%, 2,239%, and 4,371%. In fact, just recently one of his favorite stocks became a 100-bagger. And he's ready to do it again. You can uncover his scientific approach to crushing the market and his carefully chosen six picks for ultimate growth instantly, because he's making this premium report free for you today. Click here now for access.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Money to your ears - A great FREE investing resource for you

The best way to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as “binge-worthy finance.”

Feb 1, 2016 at 5:03PM

Whether we're in the midst of earnings season or riding out the market's lulls, you want to know the best strategies for your money.

And you'll want to go beyond the hype of screaming TV personalities, fear-mongering ads, and "analysis" from people who might have your email address ... but no track record of success.

In short, you want a voice of reason you can count on.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich," rated The Motley Fool as the #1 place online to get smarter about investing.

And one of the easiest, most enjoyable, most valuable ways to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as "binge-worthy finance."

Whether you make it part of your daily commute or you save up and listen to a handful of episodes for your 50-mile bike rides or long soaks in a bubble bath (or both!), the podcasts make sense of your money.

And unlike so many who want to make the subjects of personal finance and investing complicated and scary, our podcasts are clear, insightful, and (yes, it's true) fun.

Our free suite of podcasts

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. The show is also heard weekly on dozens of radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable. Rule Breaker Investing and Answers are timeless, so it's worth going back to and listening from the very start; the other three are focused more on today's events, so listen to the most recent first.

All are available for free at

If you're looking for a friendly voice ... with great advice on how to make the most of your money ... from a business with a lengthy track record of success ... in clear, compelling language ... I encourage you to give a listen to our free podcasts.

Head to, give them a spin, and you can subscribe there (at iTunes, Stitcher, or our other partners) if you want to receive them regularly.

It's money to your ears.


Compare Brokers