My parents and I (I am 19 years old) have never had an amazing relationship.
My family owns a small business. Growing up I was never allowed to get a job because it was always expected I'd work in the family business (which only runs in the summer, but in the school year I was expected to be 100% focused on homework).
That being said, I have $7k to my name, in a savings account. My parents recently told me they want to take that money and put it in a CD where it can earn better interest. I really think their motive is they don't want me to have access to it.
I currently use my mom's old car when I'm home (freshman can't have cars at my university). I asked them if I could have the car on campus next year, and they were so against it. But I pushed and pushed, saying it was something that was REALLY important to me. So I know I will have the car next year, but beyond that I'm probably going to have to figure out how to buy and insure my own car. (Also, I've tried talking to them about me buying the car from them - preposterous)
I know I'm going to have to break ties and become financially independent from them eventually. Right now they have access to my checking and savings account, since they set them up for me. Should I remove their access now? They currently send me $100/month via transfer.
Also, my college is about to get way more expensive. When the FAFSA changed the tax year they look at his past round, it meant 2015 was looked at for both my freshman and sophomore tuition. But that means for my junior year they'll look at 2016, where our per person income increased significantly. How do I navigate this potential FAFSA nightmare?
So... What do I do? If there is a "15 steps to financial independence" list I'd love to see it.
TL;DR - I am financially dependent on parents. They aren't going to like where my life is about to head. Unsure as to how to establish independence without taking out massive loans
Submitted April 16, 2017 at 11:09AM by cheerwhiner http://ift.tt/2p7OCr4
