EDIT: Title is misleading - not looking for help becoming financially independent, just about managing my finances as an adult
I’m a 17 y/o in the US who's going to turn 18 in November. I've been thinking about being a legal adult and after reading the guide in my age range I have some questions.
I currently have a savings and checking account (that I have a debit card for) through my parent's name at their bank (BofA). Is it worth going to a new bank, like the online-only banks recommended in the guide, for a higher interest rate?
If I get a credit card and rarely use it is it still useful for building credit? Is the credit built proportionally to the amount of money paid off or more the consistency of paying off however much it is?
Also, I have a small portfolio that my parents started for me when I was younger and interested in investing. Young me got lucky and choose to invest the portion my parents let me in Amazon so now it's grown quite a bit and I want to make sure I handle it responsibly. Is there anything I need to know about moving that portfolio out of my parent's name and handling it myself?
Thanks for any advice
Submitted September 20, 2018 at 11:19AM by shadowyshad0w https://ift.tt/2DdTiDi
