Best Neighborhoods to Move to in Nashville | ApartmentSearch

High-rise building in Nashville's city.Are you thinking about making Music City your new home? With its vibrant downtown, ample outdoor space, delicious southern food, and country music galore — there’s so much to love! Whether you’re a young family on the move or a mobile, dog-loving professional, these cool neighborhoods in Nashville have a little something to offer everyone. Learn the best suburbs of Nashville and which one is right for you with this handy neighborhood guide.

The Gulch

The Gulch is the fastest-growing neighborhood in Nashville, and for good reason. Packed with restaurants, shops, bars, fitness studios, and some of Nashville’s trendiest apartments, this area attracts young professionals who enjoy being center of the action.

Nashville is also one of the best U.S. cities for dating — making this small neighborhood a prime location for singles. The Gulch is the perfect home for anyone with the “work hard, play hard” mentality. So, you’ll have tons of unique things to do and fun, young people to do them with!

12 South

This neighborhood spans half a mile along 12th Avenue South – hence 12 South. And it has become one of the most desirable places to live for young, remote-work professionals and families alike.

12 South is a highly walkable neighborhood, so you’ll find no shortage of hot eateries (like Burger Up and Urban Grub), coffee shops (like Frothy Monkey), and stylish clothing stores (like Reese Witherspoon’s own Draper James!). 12 South attracts Nashville natives and excited transplants alike, and it’s an excellent option for someone who always wants something to do or see.

East Nashville

While East Nashville isn’t as walkable as many of the other neighborhoods on this list, it has plenty of perks that make up for it. A hub for musicians and various creative types, East Nashville residents enjoy the neighborhood’s laidback, inclusive vibe and ample green space.

While some may describe East Nashville as “the hipster neighborhood,” it’s home to a diverse mix of creatives, young families, and professionals. You’ll find everything from rental houses to apartment buildings in this lively, on-trend neighborhood. But it’s likely a better option for those with their own vehicle.

The Nations

The Nations is one of the more affordable neighborhoods on this list – though, with how many people move to Nashville a day, it may not stay that way for long. This area was largely industrial only a few short years ago but is now exploding with restaurants, breweries, retail establishments, and residential developments.

Located around the central district of 51st Avenue and about 10 minutes from the heart of downtown, the Nations is an up-and-coming neighborhood that’s attracting a mostly younger crowd. This is a great place to look if you’re on a tighter budget and want all the amenities of a vibrant city. This hotspot will be on everyone’s list of cool neighborhoods in Nashville before long!

Germantown

Chock full of gorgeous, historic townhouses and tree-lined streets, Germantown has become known for its culinary scene. Boasting several critically acclaimed eateries, like Rolf and Daughters, City House, and Henrietta Red, residents of this beloved neighborhood will never go hungry.

Thanks to its location, only a few blocks from downtown Nashville, Germantown has prime access to the sports arenas, music venues, and other attractions in the city’s hub. This neighborhood manages to feel slower-paced and quieter than many other options and has a little something for everyone.

Sylvan Park

A young family looking to settle down should take a good look at Sylvan Park. Known by locals to be safe, quiet, and one of the best neighborhoods in Nashville to live, historic Sylvan Park is full of people who genuinely love their little community.

A quaint, walkable area, Sylvan Park boasts plenty of beloved, locally-owned restaurants, boutiques, and easy access to McCabe Park. Whether you’re raising little ones in Music City or simply enjoy a more residential feel, Sylvan Park is a growing neighborhood you shouldn’t overlook.

Make Your Move to Nashville with Apartment Search

Is there a Nashville neighborhood calling your name? Now that you’ve got an area picked out, explore available apartments on ApartmentSearch! Narrow your search by apartment size, rent amount, amenities, and more. Nashville can’t wait to have you home!

Source: blog.apartmentsearch.com

The Best Places to Live in South Carolina in 2021

If you are looking for a state with hundreds of miles of coastline, sprawling urban centers and crisp mountain landscapes, then look no further than South Carolina.

The best places to live in South Carolina are cities filled with southern charm like Charleston, accented by pristine beaches like Myrtle Beach and brimming with opportunities like Greenville.

The Palmetto State has something for everyone interested in a chance at a new beginning. Known for their hospitality, South Carolinians will welcome you with open arms.

Here is our list of the best cities in South Carolina:

Fountain in Aiken, SC.

  • Population: 30,869
  • Average age: N/A
  • Median household income: $56,199
  • Average commute time: 23.2 minutes
  • Walk score: 20
  • Studio average rent: N/A
  • One-bedroom rent: $825
  • Two-bedroom rent: $849

Named the “South’s Best Small Town” by Southern Living, Aiken is no longer the best-kept secret in South Carolina. Home to world-class stables and equine training facilities, this fine equestrian town is sure to please.

In addition, Aiken boasts a mild climate that provides a nice break from the rest of the state’s hot summers. It is also far enough inland that residents do not have to worry too much during hurricane season.

Interested in culture? The Aiken Center for the Arts holds events year-round. You will also love exploring the many independent galleries during a quiet stroll through its historic downtown.

Because of its affordable living, Aiken is a perfect spot for young people just getting started on their own. It is also great for retirees looking for a small town with a beautiful landscape that is ideal for travel.

Aerial view of Charleston, SC at sunset.

  • Population: 130,593
  • Average age: 41.9
  • Median household income: $68,438
  • Average commute time: 26.6 minutes
  • Walk score: 63
  • Studio average rent: $1,654
  • One-bedroom rent: $1,495
  • Two-bedroom rent: $1,725

There may not be a city in the world more popular with tourists than Charleston. Imagine experiencing the beautiful beaches, historic buildings, rich culture and world-class restaurants as a resident.

The first thing you will notice about Charleston is the stunning landscape highlighted by the Arthur Ravenel Jr. Bridge. Residents walk or run the bridge for great exercise and exceptional downtown views, including its famous steeples. You can also watch as giant container ships sail to port through Charleston Harbor.

Second only to New Orleans in its southern culinary tradition, Charleston is home to some of the world’s finest restaurants. The steak martini at Halls Chophouse and the collard greens at Rodney Scott’s BBQ are a few of the many local favorites.

The cost of living is higher here than anywhere else in South Carolina, but the value of living in such a special city is priceless.

Aerial view of downtown Columbia, SC.

  • Population: 133,734
  • Average age: 37.2
  • Median household income: $47,286
  • Average commute time: 19.2 minutes
  • Walk score: 35
  • Studio average rent: $1,083
  • One-bedroom rent: $961
  • Two-bedroom rent: $1,095

In the heart of South Carolina lies Columbia, the state’s capital city. Columbia is one of the best places to live in South Carolina because it is a fast-paced metropolis that offers affordable living and a small-town feel.

The University of South Carolina is here along with its storied football traditions. As such, Columbia is a great place to catch a college football game.

If you’re a fan of art and culture, Columbia is absolutely brimming with both. The Columbia Museum of Art holds many different annual events along with its year-round displays. And, after a trip to the museum, you can enjoy a southern-inspired lunch at Cola’s Restaurant.

Lake Murray and Congaree National Park also offer Columbia residents a chance to get outside and enjoy more than 200 sunny days a year.

Greenville, SC shopping center.

  • Population: 63,844
  • Average age: 41.4
  • Median household income: $56,609
  • Average commute time: 21.8 minutes
  • Walk score: 39
  • Studio average rent: $1,219
  • One-bedroom rent: $1,146
  • Two-bedroom rent: $1,384

Greenville is South Carolina’s fastest-growing city because of its vast economic opportunities and beautiful landscape. Located in the Blue Ridge Mountains foothills, Greenville has a higher elevation than most South Carolina cities, which makes for a milder climate.

Greenville’s economy has experienced a boom in the last decade because of major corporations like Michelin and BMW installing factories here. It is also conveniently located near Interstate 85, which makes commuting and travel a breeze.

The river district in downtown Greenville is home to many fine restaurants and world-class shopping. The weekly Saturday farmers market is also a popular event for young families to enjoy with their children.

Greenville’s cost of living is higher than in most South Carolina cities, but that is because of its excellent school system, healthy lifestyle and the many economic opportunities available.

Mount Pleasant, SC.

  • Population: 81,788
  • Average age: 42.9
  • Median household income: $103,232
  • Average commute time: 26.2 minutes
  • Walk score: 29
  • Studio average rent: $1,364
  • One-bedroom rent: $1,459
  • Two-bedroom rent: $1,803

Mount Pleasant is one of the best cities in South Carolina because of its beautiful coastal landscape and its sprawling suburbs.

Sharing half of the famous Arthur Ravenel Jr. Bridge with its sister city, Charleston, Mount Pleasant affords its residents stunning views of Charleston Harbor and access to beach towns like Sullivan’s Island.

Although living costs in Mount Pleasant are higher than almost anywhere else in South Carolina, it also has a six-figure median household income that is higher than any other city on this list.

If you prefer leisure activities and relaxation, Mount Pleasant is a prime choice. A boater’s paradise, the city offers more than 12 miles of beaches and numerous rivers and creeks. And, after a busy day on the water, you can dock at Shem Creek and enjoy a fresh seafood dinner caught by one of the many resident shrimp boats that morning.

The shoreline of Myrtle Beach, SC.

  • Population: 30,390
  • Average age: 45.7
  • Median household income: $43,200
  • Average commute time: 21.1 minutes
  • Walk score: 23
  • Studio average rent: $1,037
  • One-bedroom rent: $983
  • Two-bedroom rent: $1,264

Myrtle Beach has perfected the vacation lifestyle. More than 15 million people visit the Grand Strand annually, and the reasons they visit Myrtle Beach are also what makes it one of the best places to live in South Carolina.

With more than 100 golf courses, 60 miles of stunning sandy beaches and a breezy tropical climate, Myrtle Beach is one of the most popular vacation destinations in the United States. The city’s tourism also means great economic opportunity for its residents. Myrtle Beach has more than 75,000 jobs connected to the tourism industry.

Myrtle Beach is also a popular destination for retirees because of its pleasing climate and excellent healthcare system. The cost of living is surprisingly affordable despite its popularity.

The local southern charm will woo you, as will its laid-back beach-town personality.

Lake in North Augusta, SC.

  • Population: 23,845
  • Average age: N/A
  • Median household income: $59,931
  • Average commute time: 22.7 minutes
  • Walk score: 33
  • Studio average rent: N/A
  • One-bedroom rent: $1,089
  • Two-bedroom rent: $1,665

Located across the Savannah River from Augusta, GA., North Augusta is a jewel on the riverfront and one of the best cities in South Carolina. The North Augusta Greenway traverses the city and adds a picturesque landscape to an already beautiful city.

Many events in North Augusta center around the river, including the Nike Peach Jam and the Savannah Riverkeeper’s Paddlefest.

With a population of just over 22,000, North Augusta is a small town with a big heart.

Residents enjoy one of the highest-rated school systems in the state and access to superb healthcare. The city’s proximity to major highways like Interstate 20 makes North Augusta a retired traveler’s dream.

Park in Rock Hill, SC.

  • Population: 69,939
  • Average age: 40.4
  • Median household income: $50,444
  • Average commute time: 28.7 minutes
  • Walk score: 32
  • Studio average rent: $835
  • One-bedroom rent: $914
  • Two-bedroom rent: $1,138

Twenty miles south of Charlotte lies the charming and affordable Rock Hill. The average commute time of under 30 minutes allows Rock Hill residents to benefit from the economic opportunities found in Charlotte without having to pay the costs or suffer the hassles of living in a large city.

Home to the Carolina Panthers’ practice facility, Rock Hill is a short drive away from catching a National Football League, National Basketball Association or International Hockey League game or NASCAR race.

The cost of living in Rock Hill pales in comparison to Charlotte and is still among the lowest in the entire state of South Carolina. Residents take advantage of the mild year-round climate and enjoy the many outdoor activities available in Rock Hill, like boating and fishing on nearby Lake Wylie or the Catawba River.

Aerial shot of Spartanburg, SC.

  • Population: 37,164
  • Average age: 42.3
  • Median household income: $40,053
  • Average commute time: 23.0 minutes
  • Walk Score: 29
  • Studio average rent: $727
  • One-bedroom rent: $888
  • Two-bedroom rent: $1,047

“Sparkle City,” as Spartanburg is affectionately known, is the smaller sister-city to Greenville. What makes it one of the best cities to live in South Carolina is its small-town charm, quiet neighborhoods and increasing economic opportunities.

Home to the headquarters of national restaurant chain Denny’s and one of the only BMW assembly plants in the United States, Spartanburg offers many employment opportunities to its residents. And, with its low cost of living and highly-rated school system, Spartanburg is a great landing spot for young families and career-minded millennials.

Downtown Spartanburg has enjoyed a renaissance in the last decade that has revitalized its landscape and brought art and culture back to the city. Ballet Spartanburg, one of the most celebrated arts organizations in the state, produces a dozen productions annually, including “The Nutcracker.”

River view of Summerville, SC.

  • Population: 46,612
  • Average age: 40.5
  • Median household income: $59,180
  • Average commute time: 35.4 minutes
  • Walk Score: 19
  • Studio average rent: $1,093
  • One-bedroom rent: $1,098
  • Two-bedroom rent: $1,380

Summerville gives nearby Charleston a run for its money when it comes to history, culture and landscape. A much more affordable option than the nearby No. 1 tourist destination, Summerville is the gateway to the Lowcountry.

With a population of just under 50,000 residents and an average annual income of over $80,000, Summerville is unmatched in the state of South Carolina in terms of cost of living and economic opportunity.

Summerville boasts one of the highest school ratings in the state, making it one of the best cities to live in South Carolina for education. The cost of living is higher than most smaller towns, but the location, beautiful coastal landscape and proximity to opportunity make up for it.

Find your own best place to live in South Carolina

If you are ready to call South Carolina home, we’re here to help. Start your apartment search today.

Rent prices are based on a rolling weighted average from Apartment Guide and Rent.com’s multifamily rental property inventory of one-bedroom apartments in March 2021. Our team uses a weighted average formula that more accurately represents price availability for each individual unit type and reduces the influence of seasonality on rent prices in specific markets.
Other demographic data comes from the U.S. Census Bureau.
The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.

Source: rent.com

It’s Financial Literacy Month! Brush Up on Your Money Smarts

What do you know about money?

Just enough to pay the bills? Are you puzzled at where all your money goes each month, or are you confident about the financial decisions you make?

April is Financial Literacy Month, a perfect time to reflect on your money knowledge — and build upon it.

Financial literacy, by definition, is understanding essential financial concepts and having the knowledge and skills to use money in a positive and effective way.

Financial Literacy Month evolved from Youth Financial Literacy Day, an awareness day created by the National Endowment for Financial Education (NEFE) over two decades ago.

NEFE passed the responsibility for promoting Youth Financial Literacy Day over to the Jump$tart Coalition, a national nonprofit dedicated to improving financial literacy. In 2000, the coalition expanded the one-day awareness to a month-long celebration. It later dropped the “youth” label, and Financial Literacy Month became a time for Americans of all ages to reflect on financial literacy.

In 2004, Congress passed a resolution designating April as Financial Literacy Month.

Although we, at The Penny Hoarder, want folks to learn more about money year round, we hope you’ll spend some extra time this month brushing up on your financial knowledge. You can start here!

6 Stories to Read During Financial Literacy Month

Check out the following articles to learn more about financial literacy and basic money concepts. Then test your knowledge with our financial literacy quiz.

Uncovering America’s Financial Literacy Problem

If you know enough about money to get by, you may be wondering what’s the big deal about financial literacy.

The Penny Hoarder conducted a survey of more than 1,500 adults in 2019 and found out that those who lacked financial literacy earned lower incomes and saved less money than those who grew up discussing money topics at home or in school.

Having a solid grasp on money concepts can have a real impact on your household’s financial bottom line — which is exactly why we champion increased financial literacy this month.

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Give the Next Generation the Gift of Financial Literacy

Financial Literacy Month is no longer just targeted to young people, but they stand to learn a lot about personal finance.

If you’re a parent (or have nieces, nephews, grandchildren or other children in your life), take the time to teach your kiddos how to use money wisely. Here is our guide for teaching kids about money management.

Once they know those basics, level up the lessons and teach them how to build wealth. Use these clever tricks to get your kids excited about investing.

Be the Boss of Your Money

Stop letting money slip through your fingers. Tell it what to do… with a budget.

A budget is your blueprint for how you want to use your hard-earned cash. Here’s a step-by-step guide to budgeting your money.

Become a Super Saver

Putting aside some of your income is great, but knowing how to accelerate your savings growth is even better.

Money that earns compound interest will result in more savings than just stashing cash under a mattress. But what is compound interest and how does it work? We explain.

Get a Handle on Your Credit Score

Your credit score is like a grade for how responsible you are when borrowing money. This score comes into play when you apply for a credit card, get car insurance and buy or rent a home — so it’s pretty important.

So how do you build up to a great credit score? These five factors are what matters when it comes to your credit.

Test Your Money Knowledge With Our Financial Literacy Quiz

1. True or false:

Learning financial literacy from an early age generally leads to earning more and saving more as an adult.

2. Children can learn about money management by:

A. Using money jars for spending, saving and giving.

B. Having an allowance.

C. Comparing the prices of items in the toy aisle.

D. All of the above.

3. Which of the following is an example of a budgeting method?

A. The 50/30/20 method.

B. The snowball effect.

C. The even-odd method.

D. The hexagon method.

4. Having a budget can help you with all of the following except:

A. Reducing frivolous spending.

B. Paying bills on time.

C. Negotiating your salary.

D. Reaching your financial goals.

5. True or false:

Personal finance is a required course at 87% of high schools nationwide.

6. Credit scores range from:

A. 0 to 100

B. 300 to 850

C. 200 to 600

D. A to F

7. When it comes to your credit score, this is the factor that matters most:

A. How much credit you qualify for.

B. The number of credit cards you have.

C. Making your debt payments on time.

D. Having a diverse mix of credit accounts.

8. Compound interest is:

A. Interest on interest.

B. What you get when you multiply the principal amount by the interest rate.

C. When your interest rate changes throughout the duration of the loan term.

D. Another term for simple interest.

9. This investment vehicle uses pre-tax dollars to grow your money:

A. Roth IRA

B. 401(k)

C. 407(b)

D. 529 plan

10. A fractional share:

A. Pays dividends 50% less often than whole shares.

B. Is only for minors who want to start investing.

C. Requires you to diversify the money you invest.

D. Makes it easy to invest small amounts of money.

Answer key:

(1) True (2) D (3) A (4) C (5) False (6) B (7) C (8) A (9) B (10) D

You’ve got 8-10 correct answers: You know your stuff! Hopefully you’re applying that financial knowhow in real life to build wealth. Join The Penny Hoarder Community to share your best money tips with others.

You’ve got 4-7 correct answers: You’re growing your money knowledge. Try to hone in on what stumps you the most. Credit and investing can be tricky. If you’ve got a personal money dilemma bothering you, send your questions to Dear Penny — our financial advice columnist — for some wise feedback.

You’ve got 0-3 correct answers: You’re in need of a financial literacy boost. Fortunately, The Penny Hoarder has tons of articles covering a variety of personal finance topics. Follow our social media pages (you can find us on Facebook, Twitter and Instagram) for frequently shared articles and money tips.

Nicole Dow is a senior writer at The Penny Hoarder.

Source: thepennyhoarder.com

How Do Student Loans Affect Your Credit 

Student Loans & Credit ScoresStudent Loans & Credit ScoresAs a young person just out of college, you might be wondering, how do student loans affect your credit? Well, the impact of these loans can either be positive or negative. It all depends on how you manage the loan’s repayment.

While in college, the loans may quite helpful, but after graduating, everything changes. Missed repayments will start eating away on your financial life. On the other hand, timely repayments will see you off to greater financial freedom. For more on this, here are the ways in which student loans affect your credit.

The Positive Effects

– They Give You a Long Credit History

Your credit history length plus your accounts average age are some of the things that impact your credit score. The length of credit history has a 15% influence on your score.

With student loans having payment plans extending up to 10 years, your score will certainly be boosted if you make the payments as required. However, you should aim to repay the loans in a shorter period to reduce the payable interest.

– Making On-Time Monthly Payments Will Boost Your Score

Your payment history on student loans accounts for 35% of your score. If your payments are timely and the required minimum is met, your score will soar.

For better scores, pay more than the minimum monthly payment. Think of this as paying forward- enabling you to enjoy lower rates on future loans like mortgages.

– Student Loans Can Help You Establish Your Credit Score

For many young people just fresh out of school, student loans help you in getting your credit file opened. This information will be used by credit bureaus in scoring you. This will keep you from joining the millions who are “Credit Invisible”.

Without this file or data, creditors won’t have a base on which to grade your creditworthiness. You may end up paying more on rent, car rates and so on.

– Student Loans Help In Building your Credit Mix

Credit mix refers to the different lines of credit that you take over a period of time. For example car loans, credit cards, and mortgages among others. A healthy credit mix is very good for your credit; 10% of your credit score will be judged on it.

The Negative Effects

– Late Payments Damage your Credit

Late payments are reported to credit bureaus and will stick in your report for at least 7 years. This will definitely lower your credit score. Also, they will attract late fee charges from your loan servicer. If you have numerous loans with the same creditor, a missed payment on one loan will reflect badly on all the loans.

Student loans might also put you into financial pressure. This can lead to late payments on other loans such as credit cards, wrecking your score further.

– Defaulting can Lower your Access to Credit

To lenders, late payers are tolerable compared to defaulters. Defaulters make creditors lose money. As a person paying a student loan, you should never default.
For a missed payment to be considered defaulting, it must be over 270 days. After this period, the total amount of your student loan will be due from that point onwards. A default remains on your credit report for 7 years from the default date.

What does this mean? For 7 years your credit access chances will be very low. No creditor will want to take a risk with you. You should never allow your account to be in collections.

– High Balances will Increase your DTI

Getting approved for new credit is hard if one has high balances on an existing loan. All this has to do with your debt-to-income (DTI) ratio, i.e. the fraction of your total monthly income that is meant for to debt repayment.

If your debt-to-income ratio is high, it shows you are not very committed to resolving your situation hence creditors avoid you. Additionally, DTI has a 30% influence on your credit score.

Final Word

Fortunately, when it comes to creditworthiness, the influence of installment loans such as student loans is not as strong as that of revolving credit. If you’ve mishandled your student loans, it high time to start making payments and save your scores. Also, by clearing these loans, the negative impact they have on your credit score will start fading away over time.

Source: creditabsolute.com

MintFamily with Beth Kobliner: 3 Ways Your Kids Will Redefine the American Dream

A friend’s 20-something son shocked his parents with his post-graduation plans: He was moving to Southeast Asia to sell selfie sticks.

Millennials in a nutshell, #amiright?

But who can blame them for taking non-traditional paths, given the poor financial hand they’ve been dealt: record levels of college debt, uncertain job prospects, stagnant wages, and more. It’s why one in three Millennials is deeply dissatisfied with their financial situation, according to a much-quoted new study from George Washington University and PwC.

Findings from a recent Harvard survey cut even deeper: half of Millennials say the American Dream is dead. Yep, that cornerstone of post-war America—the house, the car, the upwardly mobile career track—is about as relevant to them as black & white TV. To parents raised on the mythology of the American Dream, that’s grim news.

But the situation may not be as dire as it appears.

As they’ve done with everything from communications to careers, Millennials are redefining what it means to lead a “better life” (something parents see as key to the American Dream, according to a 2015 60 Minutes/Vanity Fair poll). This new paradigm is rooted in the experiences of people who came of age after the financial crisis of 2008, and reflects how they see the world. It offers a flexible lifestyle (one that some might see as transient) and a reworking of the traditional measures of success.

Here are three ways that our kids will make their own American Dream—and thrive.

1.  They’ll rethink what college means—and how to pay for it.

Two-thirds of parents say the American Dream includes sending their kids to college, according to a September poll from the youth media company Fusion. These moms and dads are right to think this, as college grads earn about $1 million more over their lifetimes.

For Millennials, cost and career aspirations are informing this major life decision more than ever (call it pragmatism if you want). Gone are the days of selecting a school based on its bucolic campus or dominant football program. Kids (and parents) want more value—and less debt.

That’s why it’s so critical to start the college cost conversation early—like 9th grade-early. Want an incentive? A start-up called Raise.me allows high schoolers—as early as freshman year—to earn “micro-scholarships” from over 100 colleges. Got an A in chemistry? Won the lacrosse playoffs? Volunteered at your local animal shelter? Each awesome achievement can earn your kid $500 to over $1,000 from various colleges. Even “mayor” of Millennials Mark Zuckerberg backs it: Facebook is one of Raise.me’s main supporters.

Best way to avoid the college cost guessing game? Fill out the FAFSA (Free Application for Federal Student Aid)—the key to scholarships, grants, work-study, and low-rate federal loans. The form is notoriously long and complicated, but it’s getting better! Starting this year, you can access the FAFSA on October 1, 2016 (up from January 1, 2017). Why the new, early start? It means you’ll be able to auto-fill the form for the 2017-18 school year using your 2015 tax return data. (More details here.)

Parents of kids who excel in hands-on environments can encourage them to consider the growing trend of apprenticeships (a traditionally European idea that’s catching on here in the U.S.), particularly programs offered in tandem with a community college degree.

2.  They’ll understand that owning your own “home sweet home” is only sweet when you can afford it.

In 1986 (back when I was graduating from college!), 76% of young people saw owning a home as essential to the American Dream. Today that’s down to 59%, according to the Fusion poll.

That means your kid is more likely to bunk with you—or rent—than take on a mortgage she can’t afford (so don’t turn her bedroom into a home office just yet). If she does move in with you, make sure she uses this time as an opportunity to save! (And work out any financial details in advance with this helpful guide from eHow.com.)

Renting has traditionally gotten a bad rap, but it lets your kid explore—new towns, new jobs, new people!—without being stuck in one place. Take our selfie-stick seller: his Southeast Asia stint lasted less than a year before he was back in the states and settling into a new city and new gig. Like his fellow Millennials, he’ll probably rent for several years. Buying may not even cross his mind until his early 30s. A Zillow study shows the average first-time homebuyer is now 33, up from 29 in the 1970s. Of course, you’ll want to talk to your kid about the realities of owning a home, including how to sock away a chunk of money for a down payment once she’s ready.

3.  They’ll value happiness and independence over a huge paycheck.

The entrepreneurial goals of Millennials can sometimes seem a little, er, lofty (like the selfie stick plan that didn’t exactly take off), but thankfully, many are starting to pace themselves.

A study from Upwork, a company that helps businesses find freelance workers, showed that 62% (mostly Millennial) freelancers planned to work a full-time job and moonlight on the side for two years before quitting to follow their dreams. Two years may not be a magic number (a specific financial goal would be safer), but at least they’re earning—and learning—prior to taking the leap.

Today’s young people aren’t all work and no play, either. Millennials’ drive for success, salary, and even entrepreneurial goals pales in comparison to their desire to spend time with family and friends, which they rank as “one of the most important things” in their lives, according to the Harvard survey.

The takeaway? We’re raising a generation that demands independence, flexibility, and a true work/life balance. Perhaps that’s the new American Dream.

Sounds like something we can all believe in.

How do you define the American Dream for your kids? Tell me on Twitter using #NewAmericanDream.

© 2016 Beth Kobliner, All Rights Reserved

BethKobliner

Beth Kobliner is the author of the New York Times bestseller Get a Financial Life, and is currently writing a new book, Make Your Kid a Money Genius (Even If You’re Not), to be published by Simon & Schuster. Visit her at bethkobliner.com, follow her on Twitter, and like her on Facebook.

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