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Divorce and Death: Financial Survival Strategies | Brandy Maben
Wealthion - Be Financially Resilient
Prepare for Independence: Financial Planning Beyond 18
Financial independence for young adults begins at 18, but true independence often takes longer to achieve. Many 18-year-olds may feel financially secure yet still rely on parental support, demonstrating a nuanced understanding of independence. While they take steps toward self-sufficiency, parents often remain involved in financial planning, especially with the transition to college. Children start adopting independent mindsets earlier, around age 13, as they learn to balance independence with continued reliance on family. Engaging with financial resources and maintaining open discussions about finance is essential for preparing both parents and children for eventual independence.
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