Now that graduation ceremonies are over, kids are starting to think about the next phase of life. For those headed off to college, this will probably be the first time they are making financial decisions without parents looming over them. In today's Mom Squad, we talk with Mary Sasmaz, a professor at Case Western Reserve University who teaches financial literacy. She tells us what all college kids should know headed into school -- and some of these lessons we should all put into practice for ourselves. “A lot of our behavior with money stems back to more like our psychological relationship with money," Sasmaz says. "So that freedom that you mentioned, sometimes yes, all of a sudden you start spending. Well, take some time, sit back after a month and say ‘Ooo how much did I really spend?'" One of the exercises she has her students do is to track every penny they spend for a month to see where they are spending the most. “And then actually categorize it and think about what they've spent their money on. And a lot of times it's a lot of online orders for clothing. And that realization is probably the most helpful part.” READ MORE: https://www.wkyc.com/article/life/family/mom-squad/mom-squad-financial-literacy-for-recent-grads/95-de13b7eb-bba4-425e-82b2-7168996c1c06 At 3News, we’re not here to tell you the news, we’re here to share the stories that you say matter most to you. Share your ideas, thoughts, concerns and engage in conversations about the communities in which we all call home. Follow 3News on Social: Facebook: https://www.facebook.com/wkyc.channel3/ Twitter: https://twitter.com/wkyc Instagram: https://www.instagram.com/wkyc3/ Visit our site: https://www.wkyc.com/ And be sure to download our app here: https://wkyc.com/app