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Introducing the Phases of Independence
Workshopping the Phases of Independence, a roadmap to help give language to young people on their journey to complete independence from their parents.
Phase 1: You do not have a job and are completely dependent. You can use this time to begin educating youself on personal finance and forming your plans.
Phase 2: You have a job or side hustle (earned income) and can begin using a budget and plan for your money. You give a percentage and pay for at least one of your bills.
Phase 3: Same as phase 2, except you are now responsible for an entire area of bills, or use your own money for day to day…
The skinny
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