College graduation marks the end of one chapter and the beginning of another. Gone are dorm rooms, awful part-time jobs and asking your parents for money – hopefully. Now it’s time for your first full-time job and paycheck.

A strong credit history opens many doors in life. It can be the key to qualifying for credit, securing a lease and even getting a job. So it’s no wonder that parents look for ways to help their young adult children build credit, sometimes even before they’re out of the house.

Most teenagers probably won’t leap at the prospect of learning about personal finance on their own. That’s why it’s important to take the time to teach them smart money management. To get the conversation started, here are seven topics worth discussing to help your teen avoid costly financial missteps in the future.