Expanding your financial education efforts beyond the classroom walls and drawing relevant parallels from life, including pop culture, may help the lessons sink in.

"So many of the financial education courses focus so much on the theory and academia of it that kids just shut down," said Shay Olivarria, a credit union board member, speaker and author of 10 Things College Students Need to Know About Money-Small Changes Make a Big Difference.

"Instead of telling them about a bunch of terms, present the information from where they are at. Otherwise they'll just tune you out because they're thinking, 'You have no idea of the life I lead,' and that doesn't make them want to save."

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