3. Obtain Financial Independence from Parents
Who doesn’t enjoy having someone else pay their bills? Unfortunately many young people have enjoyed having their parents pay many if not all of their bills well into their20’s. In order to fully gain one’s financial independence, becoming fully self-sufficient when it comes to paying the bills is a big step with regards to money management for young people. Another point of view is to reduce one’s reliance on their parents for paying bills unless absolutely required. When a situation like this arises, then approach the parents in a mature and responsible manner to request funds.