With the current economic situation and job market, it is extremely difficult for graduates to start up their career immediately. At this point, most parents are helping their children with personal finances until they find a job.
Parents have different expectations regarding how they want to support their child financially. Some families decide that their kids need to pay rent, buy their own groceries, and support themselves completely. However, other parents decide that they will help their child, and pay for all their expenses.
One other expense, graduates tend to disregard is their need for health insurance. Most student health insurance plans end the day of graduation. Health insurance is necessary, and it is important to find a plan that fits your wallet.
Whether you are paying for your health insurance or your parents are, you need to find an affordable policy that offers the right-fit coverage.