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being independent with money isn't going well

BabyPotato

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

  • Just to suggest a practical option for you:

    I have two bank accounts. I 'pay myself' once a week from one into the other (with a standing order) and have a debit card for it. It doesn't have an overdraft.

    The other bank account is where I get paid into monthly from work and have any bills (like mobile phone or whatever) taken out of. I cut up the cards for that one.

    So I always know how much money I have for 'general spending' for the week.

    When I was younger I met met quite a few people who took advantage of me with money. Like other people have said - just say no. If they try to talk you around, it's an indicator that they might not have your best interests at heart .... or they may not be being realistic with themselves about how they can pay you back. It's totally ok to say no.

  • in reply to JJ

    This is actually really useful!!

    thank you so much :) 

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