being independent with money isn't going well

I've recently been given financial independence becuase I turned 18. I used to be on a prepaid card called go henry where my parents could track and limit my spending. Since being independent I've really struggled to save anything and have been taken advantage of a lot.

I'm bad with money.It's my fault but when people ask to borrow money I expect them to pay me back. I don't have a use for my money except for bus transport because I have a feeding tube and don't eat and I've stopped growing so wear the same clothes and shoes. I also live at home and I'm dependant on my parents. I buy them gifts but they tell me not to. They said to get something that makes me happy and them being happy makes me happy. 

I recently got 2 Jobs and need to save money for university after college which I'll start next year. I'm just bad at saving and think that if it went back to how it was when my parents looked after my money, everyone would be better off. 

Parents
  • You're not bad with money. People are bad to you, because they ask you for money and they advantage of you, and they don't pay you back. And unless you bother them a lot about it, they won't give you back your money. 

    So generally with people, if you don't like the idea of hunting people down for money, then avoid lending it out. Even if they ask you in their nicest voice the smallest amount of money, say no (even if you want to say yes), just to see how they react, because they get angry at you and storm off, then it's great that you didn't give a person like that your money. Because If you said yes, they might just keep asking you for more and more money, higher and higher amounts of money, and they'll get angry if you stop giving them money one day, guilt tripping you by saying "Well you gave me money last time! Why no money this time?!" That's not a thankful person.

    And personal finance is rarely taught to anyone. As a child, I asked my teacher to teach me about money. My teacher's said it was my parent's job. When I went home, I asked my parents to teach me about money, they said it was the teacher's job. And I realized that no one's going to teach me about money.  Even after leaving college, I didn't know anything about about money. So I just got a book and tried to teach myself.

    There's some things you need in general; a place to live, food (feeding tube), clothing, transportation, you already have the basics though. 

    So while you're still living with your parents, get a credit card and spend it on a few things you need, and pay it off every month (in person, by phone, or through online banking), and this will give you a good credit score, which just shows that this person is able to pay money back on time, and people like lordlords want to know this information, because they can then likely trust that you'll be a good tenant who will pay your rent on time every month. Or else it'll be like how you're just giving out money to everyone and not getting anything back. Those people would be considered bad borrowers. And If you gave out a room for someone to rent, and they don't have money to give you, then they're considered a bad renter.

    So you have a few financial expenses, like transportation, and feeding tube. And you a few financial goals, like university after college. So pay off your expenses first, then with the money left over, portion an amount for your financial goals, for university, for a place of your own, or a car one day, save some money for those things, and set a limited amount for spending for "fun," that's similar to the limit your parents used to give you. You can also put money towards an emergency fund too. 

Reply
  • You're not bad with money. People are bad to you, because they ask you for money and they advantage of you, and they don't pay you back. And unless you bother them a lot about it, they won't give you back your money. 

    So generally with people, if you don't like the idea of hunting people down for money, then avoid lending it out. Even if they ask you in their nicest voice the smallest amount of money, say no (even if you want to say yes), just to see how they react, because they get angry at you and storm off, then it's great that you didn't give a person like that your money. Because If you said yes, they might just keep asking you for more and more money, higher and higher amounts of money, and they'll get angry if you stop giving them money one day, guilt tripping you by saying "Well you gave me money last time! Why no money this time?!" That's not a thankful person.

    And personal finance is rarely taught to anyone. As a child, I asked my teacher to teach me about money. My teacher's said it was my parent's job. When I went home, I asked my parents to teach me about money, they said it was the teacher's job. And I realized that no one's going to teach me about money.  Even after leaving college, I didn't know anything about about money. So I just got a book and tried to teach myself.

    There's some things you need in general; a place to live, food (feeding tube), clothing, transportation, you already have the basics though. 

    So while you're still living with your parents, get a credit card and spend it on a few things you need, and pay it off every month (in person, by phone, or through online banking), and this will give you a good credit score, which just shows that this person is able to pay money back on time, and people like lordlords want to know this information, because they can then likely trust that you'll be a good tenant who will pay your rent on time every month. Or else it'll be like how you're just giving out money to everyone and not getting anything back. Those people would be considered bad borrowers. And If you gave out a room for someone to rent, and they don't have money to give you, then they're considered a bad renter.

    So you have a few financial expenses, like transportation, and feeding tube. And you a few financial goals, like university after college. So pay off your expenses first, then with the money left over, portion an amount for your financial goals, for university, for a place of your own, or a car one day, save some money for those things, and set a limited amount for spending for "fun," that's similar to the limit your parents used to give you. You can also put money towards an emergency fund too. 

Children