- Money management advice for students
- Tips on financial planning to reach post-graduation goals
TORONTO, Oct. 28 /CNW/ - Despite the economic slowdown, the majority of
recent and soon-to-be post-secondary graduates remain optimistic as they
prepare to enter the next stage in their lives, according to a recent
Harris/Decima survey commissioned by BMO Bank of Montreal. The study found the
new cohort of graduates to be goal-oriented, with 71 per cent citing paying
down student debt as a top priority, 62 per cent consider saving for a down
payment on a condo or home an important focus.
As pending graduates bunker down to begin studying for mid-term exams,
many are wondering what might be in store for them, post-graduation. To help
these students 'make sense of it all', BMO Bank of Montreal has launched a new
student-focused podcast called Head of the Class, where money management
topics are discussed with a panel of students.
The first episode of BMO's Head of the Class podcast is hosted by Lesley
Scorgie, author of Rich by Thirty: A Young Adult's Guide to Financial Success,
and founder of financial consulting company Rich by Inc. Throughout the
three-part podcast, Scorgie chats with Robin Greschner, a recent Queen's
University graduate, and Jordan Brown, a forth-year student at the University
of Saskatchewan, to uncover the issues and concerns that matter most to
"Graduation represents a major milestone and the perfect time to discuss
financial, career and other life goals," said Scorgie. "I was impressed with
Robin and Jordan's focus and discipline. They had put a lot of thought into
what they want and how they plan on getting there."
Borrowing from questions asked in the BMO student survey, Scorgie
explores relevant topics such as:
- How to manage student debt
- Money-saving and money-management tips and strategies
- Where students obtain financial advice
- Concerns over Canada's current economic climate
- The importance of having a mentor
- Getting a head start on saving for retirement
"It's great to know that graduating students are taking money matters
seriously, and I hope students will find our podcast helpful and reassuring as
we tackle some of their common questions and concerns," said Scorgie.
Along with providing planning advice for post-secondary students, BMO
Bank of Montreal offers special services for current students including, free
student banking, a student line of credit and the BMO SPC Mosaik MasterCard.
BMO is the only bank that offers one year of free banking after graduation.
The BMO Head of the Class podcast is available at
http://www4.bmo.com/studentbanking/studentresources/podcasts.html and can also
be found on Apple iTunes. Listeners are welcome to send comments or questions
to email@example.com. The English podcast will also be accessible through
Lesley's website at www.richbythirty.com.
The Harris/Decima online poll was conducted from July 31 to August 7,
2008 and is based on a sample of 1,005 post secondary students and recent
For further information:
For further information: or to arrange an interview, please contact:
Jodi Salem, Toronto, firstname.lastname@example.org, (416) 867-3996; Lucie Gosselin,
Montréal, email@example.com, (514) 877-1101; Laurie Grant, Vancouver,
firstname.lastname@example.org, (604) 665-7596