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Graduation season is here! While most students fresh out of high school or college welcome a cash gift, you can go a step further by offering it in a way that helps them form good habits and sets them up for a bright financial future. Consider these options.

Give them a savings boost.

One of the best gifts you can give a young graduate is a jump-start on their savings. You could, for example, seed their emergency fund, giving them money to put in their savings account .

Or you could supplement their retirement savings. If the grad is earning income, they can fund a Roth IRA . Contributions to a Roth are made with after-tax money, but withdrawals of those contributions are tax- and penalty-free anytime.

From just $107.88 $24.99 for Kiplinger Personal Finance

Become a smarter, better informed investor.…