GREEN BAY – Graduation is just around the corner and that means graduation parties. Not sure what to gift to give the graduate? Budgeting expert Joni Kearn of Freedom Financial says cash is always good and she had some ideas on what parents can do to make sure that cash is put to use wisely.
*Open a savings account just for cash gifts
*Ask gift-givers to give cash instead of gifts
*Encourage giving only what they feel comfortable with
*Give account number so they can direct deposit
Kearn says once the account is established there are different ways to use the money.
*Open an annuity
*Purchase a savings bond
*purchase stock in long-standing stable companies