Do you have kids who are heading off to college? This can be an
intense and exciting time for them. It's a taste of
independence, freedom ... and all too often, financial
difficulties. It's not just getting into debt that"s the
problem: Academic and psychological risks are part of the issue
here, with some students even dropping out of classes because of
a high debt load. Instead, help your kids start their careers
and their adult lives off in the right direction, by sharing
these money-management tips. 1. Open sesame. A checking account
is essential. However, before you decide on an account, assess
how many transactions you'll make each month, and how you'll
make them (i.e., paying bills in person or over the Internet,
cash withdrawals from ATM). Then look at the accounts your
financial institution offers, to see which one covers those
transactions for the lowest service charges or monthly fees
(look for a college student plan -- they may provide lower
fees). When you withdrawal cash from ATMs, use the ones