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I'm Asking: When Did You Become Financially Independent?

I'm Asking: When Did You Become Financially Independent?

Independence Day got me thinking about financial independence, and how relying on myself financially was an essential part of feeling like an adult.

Your ability to earn income is your biggest financial asset, and once you've accepted that first job offer, what you do with those paychecks is up to you. At what point did you become financially independent, or is it still your goal to get there?


Source

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sreece sreece 7 years
Whoops! I missed one little piece of code and my comment turned out weird. This is what I meant to say: I am in the process of setting up my own personal bank so my family can be truly independent.
sreece sreece 7 years
I have been financially responsible for my own decisions since I was 12 but I don't think that constitutes financial independence. True financial independence to me would be never having to depend upon banks or lending institutions to get what I need to have. To do this, I am in the process of setting up my own so my family can be truly independent.
amyerin amyerin 7 years
I have been working since 16, but due to a scholarship I had my entire undergraduate paid for.. Because of that my parents had a lot less stress than they thought they would have and put me through my master's program. Now I have a great job and am about to make the leap into financial independance... Very excited yet I know that my parents would always be there for me should an emergency arise.
bellaressa bellaressa 7 years
I've had a job since I was 15 and was 100% financially independent. Even when I went off to college - I was still helping the family while taking care of myself. I was juggling two jobs then and I was going to college full time (and I wasn't living at home).
okmaebe okmaebe 7 years
I'm not really sure. I live with a friend, and I pay less than half of the expenses, but I feel independent. If he didn't want the things he has, I'd just go without. I wouldn't pay for cable or internet. We're interdependent in some financial ways, but that's just because we're in the same apartment. I got married when I was 20, and it didn't work out. I moved home again until I got back on my feet, and now I live with my best friend. So, huh, I don't really know if I'm completely financially independent. I did just buy my first car, so I think that might be my turning point.
Ikandy Ikandy 7 years
Me too Foxie...as soon as I turned 18...I was O-U-T!!! I had an office job, and I knew I would be able to handle it...despite ALL of my family telling me I couldnt do it...the support of my friends was extremely helpful.
Ikandy Ikandy 7 years
Me too Foxie...as soon as I turned 18...I was O-U-T!!!I had an office job, and I knew I would be able to handle it...despite ALL of my family telling me I couldnt do it...the support of my friends was extremely helpful.
lexichloe lexichloe 7 years
Basically when I graduated college. I got my first job, paid for all my bills...it was really good for me and surprisingly quite easy.
Kimpossible Kimpossible 7 years
After HS I lived at home for a year then moved out into an apartment, then I bought my first home at the age of 20. So I guess I became financially independent at 19.All that being said I haven't been financially independent now for several years since my husband is the bread winner in the family and I stay at home taking care of our children and our home.
Kimpossible Kimpossible 7 years
After HS I lived at home for a year then moved out into an apartment, then I bought my first home at the age of 20. So I guess I became financially independent at 19. All that being said I haven't been financially independent now for several years since my husband is the bread winner in the family and I stay at home taking care of our children and our home.
carak carak 7 years
i agree with ginafly. you can't consider yourself financially independent if you live with your parents because you aren't paying rent/mortgage.
insanitypepper insanitypepper 7 years
I was 20 and decided to give up my full scholarship to a state school that I hated (hated!) to go to a small liberal arts college. I've supported myself completely since then.
ginafly ginafly 7 years
The last financial help I needed from Mom and Dad was about two weeks starting my first full time job after college. My old Saab died abruptly and they gave me some money for a downpayment on a newer used car, paid to have the Saab fixed, and took the Saab back to Maine to sell it (effectively reimbursing themselves for the downpayment money). After that, I've been on my own 100%.I think in the strictest definition of financial independence, you can't *live* at home, though. Rent is the biggest expense people in their 20s have!!
ginafly ginafly 7 years
The last financial help I needed from Mom and Dad was about two weeks starting my first full time job after college. My old Saab died abruptly and they gave me some money for a downpayment on a newer used car, paid to have the Saab fixed, and took the Saab back to Maine to sell it (effectively reimbursing themselves for the downpayment money). After that, I've been on my own 100%. I think in the strictest definition of financial independence, you can't *live* at home, though. Rent is the biggest expense people in their 20s have!!
citizenkane citizenkane 7 years
My first couple of years in college, my parents helped me a little. They payed my tuition and room & board, but I paid for everything else. I guess I was around 20 or 21 when they slowly started making me pay other stuff like insurance. They couldn't financially handle my 5th year of college, so I paid for that all by myself. By the time I was 26, I was paying for everything completely on my own.
karen7782 karen7782 7 years
Living in a city makes it difficult so still working on it
emmag emmag 7 years
Moved out at 20. I got money from my parents, but I had to work at the family business to get it, so as far as I was concerned, I was doing them the favor.
grrlyrebel grrlyrebel 7 years
I'm with you foxie, me too. I put myself through college and law school, and proud of it!
zabrow zabrow 7 years
still working on it. i'll still be in school until june 2009 & until then my mom's paying my car insurance & cell phone bill. i live on my own & she doesn't give me money other than that, but i'm definitely still dependent on her for those two things.
foxie foxie 7 years
18. And I mean the real kind of financially independent, where I was making all my own money AND I didn't live at home anymore.
fleurfairy fleurfairy 7 years
The day I graduated college. I had a well-paying job immediately, but my parents still sned me some money every now and then to be nice :)
skigurl skigurl 7 years
as soon as i graduated from grad school and got my first full time job i live with my parents again as i pay off my loans but they dont pay for anything anymore
skigurl skigurl 7 years
as soon as i graduated from grad school and got my first full time jobi live with my parents again as i pay off my loans but they dont pay for anything anymore
bigestivediscuit bigestivediscuit 7 years
When I started grad school ... and now. My parents put me through undergrad, but said I'd have to pay for grad school on my own. Getting my first loan was the scariest thing ever, and having student loan debt now is even more frightening. But I'm pleased that I have a job and am on my way to paying it back. However, I always know that my parents are there to help if need be - I just don't want to depend on them anymore, so would only ask if I was in an absolute emergency.
hippiecowgirl hippiecowgirl 7 years
I've had a job since I was 15, but never been 100% financially independent. My parents helped me through college, but it was my job to make sure money got where it needed to go. I lived with from the time I graduated from college until I got married in March. We're both financially independent except for each other.
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