Shellie M. Monroe

Welcome!

Many parents look forward to their children blossoming into adults capable of surviving independently.  This maturation enables parents to experience an "empty nest" and the freedom to pursue various personal ambitions.

What if your children never leave the nest?  Or, leave and return? 

"Boomerang generation," "endless adolescents," "adult adolescents," and "failure to launch syndrome" are terms often used to describe adult children who live at home with their parents.

There are many reasons for this growing phenomenon.  A lack of financial management skills and an accrual of debt is one explanation. 

The Need for Financial Management Skills

Countless high school seniors will enroll in college this fall and begin to accrue student loan and credit card debt.

College seniors have credit card debt totaling more than $7,000 each.  When they graduate, they still have an average balance on their credit card of $4,000.

According to a 2009 study by Sallie Mae, the nation's leading provider of student loans, 84% of undergraduates have at least one credit card and 50% of college students have four or more cards.

Instead of graduating from college and beginning a life of independence, many will return home.  With a mountain of student loan and credit card debt, young adults are delaying various milestones (e.g., obtaining their own residence, buying a car).

Financial management is one of the crucial skills needed to successfully transition into adulthood and live independently.  Shellie Monroe provides young adults with financial literacy skills to help them live financially independent lives.