Welcome to the world of adulting. As you make the transition from living with your parents to living on your own, you’ll face many challenges. But fear not; it’s really a matter of spending time making calls, doing some research and planning. We’ll spotlight various tips for teens in future issues. We want to start by sharing some tips to help you navigate two of the biggest challenges you’ll encounter: financial management and finding affordable housing.
Financial Management
Make a budget: Start by tracking your income and expenses, and then create a budget that reflects your needs and priorities. There are many apps that can help you keep track of your spending.
Save money: Even if it’s just a little bit each month, saving money is important for emergencies and long-term goals. Again, try some apps if you find that helpful. You can even just save your change. Stop by the bank and ask for some coin rolls. Sounds minor, but it adds up.
Avoid debt: Credit cards and loans can be helpful, but they can also be dangerous if not used responsibly. Be mindful of interest rates and only borrow what you can afford to pay back.
Affordable Housing
Do your research: Look for affordable neighborhoods or areas with low rent prices. Online resources like Zillow, Rent.com, and ApartmentList can help you find available housing options in your area.
Consider roommates: Sharing a living space with roommates can help you split the cost of rent and utilities, making it easier to afford a nicer place. Just make sure you choose roommates that you can trust and get along with!
Be prepared: When you find a place you like, be ready to act quickly. Have all of your paperwork and necessary funds in order so you can submit an application and secure your spot. This is the biggest.
Remember, it’s okay to ask for help. Talk to a trusted adult or financial advisor if you need guidance or advice if you can. If not, don’t worry – you are more than capable of figuring it on your own. Just make calls, and know that trial and error is completely fine. Have fun knowing you’re learning and feel good that you’re taking charge of your life. Good luck with it.
Seek Emancipation if Needed
And to teens who are struggling with a dangerous or neglectful home life, emancipation is a real solution. Emancipation is a legal process that allows minors to become legally independent from their parents or guardians before reaching 18. While some teens may consider emancipation, it is not a common occurrence; only a small percentage of minors seek emancipation each year. The reasons for seeking emancipation may vary, but include wanting financial independence, the desire to make one’s own decisions, or the need to escape an abusive home environment.
In Ohio, a minor may petition for emancipation if they are at least 16 years old, financially independent, and capable of managing their own affairs. A minor will have to file with the juvenile court in the county where they reside. The court may also require the minor to provide proof of their ability to support themselves financially and live independently.
