Our young children want to become financially independent and mature, so as parents we must be prepared to support and guide them so that they make better decisions.
One of the greatest challenges in life is achieving financial independence. Many of the adolescents and young people who are in the university stage believe that such a thing is very simple, because at that age they “eat the world” in one bite and things, in general, seem quite easy.
There are many reasons why adolescents and young people want to live independently, because this is how we teach them or they are born the concern to find their economic independence, or to start their own family.
As parents we must be prepared to support our children in the best way in this matter, because the most important thing is to help them realize their dreams, to fulfill their goals.
In this there is a lot of information and points of view, but I took on the task of reviewing six tips that may help you take this big step together with them:
1. Don’t drop out of school
There is no better way to become independent than to prepare yourself academically. For that, you must make your children understand the importance and benefits of finishing their studies, but learning that it is best to work and study at the same time. The best job opportunities come to those who are best prepared.
Relee: Help! My teenage son wants to quit school!
2. The first job
Getting a job can be a difficult task, especially if it is the first one, since some companies do not usually recruit young people without work experience or they hire them with a very low salary. Guide your children to look for alternatives in relation to the career or degree they are studying. Make them understand that they have the opportunity to choose any company and that they will have to start from the bottom in order to achieve a job position and acquire the necessary experience in this highly competitive world.
3. From weight to weight the piggy bank is filled
Unfortunately, you can’t be financially independent if you don’t have savings. All hotheaded youth will want to spend their first salary on satisfying objects or entertainment, but doing so will keep them from meeting their savings goal. Help them open a bank account so they can better control their income and expenses. Teach them to manage their resources with the idea that they meet their own needs such as transportation, food and shelter.
Reread: Teach your children the value of work and saving.
4. Teach them to manage a house
It is very easy to live with the parents because they are in charge of paying for all the services that a home requires such as electricity, water, property tax, gas, telephone, pay TV, internet, rent, among many others. These are the first things that children should know and face. Talk to them and make a plan of action to cover their future expenses.
5. A house close to everything
Choosing where to live often depends on the money you have every month, but other considerations must be taken into account in order to cover certain needs; An example might be renting close to work and school to save for transportation. You can also suggest the idea of living with a partner or several who have the same needs and plans, so they can share and divide expenses.
6. Growing up is their turn, but help them
One way to help your children mature to be independent is to put into practice everything you have taught them. Let them make the decisions and bear the consequences of their actions. Talk to your children so that they can help you pay for certain household services with the idea that they come to understand the value of their effort and face reality. This is an excellent exercise to motivate them to pursue their dreams.
Making your children independent is the best satisfaction that every mother and father have, as the effort will be reflected in the excellent people they will become. We must support them, teach them, and guide them to make decisions to achieve their goals.