Said It Here

How to move out and become financially independent with no family support

Building financial independence from scratch without a safety net or traditional job experience requires balancing immediate housing costs against long-term career and education goals. Without family backing or guidance on sustainable living in expensive areas, people end up trapped in toxic living situations or accumulating high debt just to secure basic independence.

What people tried

Every workaround mentioned in the threads below. We haven’t tested any of them — and nobody here is claiming they worked.

  1. 1
    Using personal savings as a checking account to cover shortfalls
  2. 2
    Relying on a disabled parent for housing and financial support
  3. 3
    Taking on various informal hustles and self-employed clothing businesses
  4. 4
    working 40 to 60 hours a week while taking night or online classes
  5. 5
    living with roommates
  6. 6
    taking on student debt
  7. 7
    working as a live-in nanny
  8. 8
    Opening a separate bank account at a different financial institution
  9. 9
    Splitting direct deposit paychecks between the parent account and a new personal account
  10. 10
    Filing taxes independently using tax software
  11. 11
    Switching to paperless bank statements to prevent mail delivery to parents
  12. 12
    Biding time until graduation before making a complete financial break

In their words

Unedited, most upvoted first, each linked to the thread it came from.

I currently work part time while attending college, and my paycheck deposits directly to my parent's bank account.source ↗

I have tried to talk with my parents but they just do not understand why I would want to be in charge of my own moneysource ↗

If I open a bank account (maybe at the bank on campus?), is there a way my parents will find out? I should mention that my parents do my taxes.source ↗

Thick-Childhood-5148 · r/personalfinance · 902 upvotes

I feel like I’m trying to figure out adulthood from scratch.source ↗

I want to eventually be financially independent. I want my own home someday. I want a stable career.source ↗

I feel really lost right now.source ↗

Available_Pen_960 · r/personalfinance · 10 upvotes

I found out that she's (we're?) going to completely run out of money in 6-7 years.source ↗

I can assume that I won't be able to lean on my mom because she'll also be broke.source ↗

I'm really terrified about this, and one of my biggest fears is becoming homeless.source ↗

So I came on here to ask for all the tips you can give me on how to make and save as much as I can.source ↗

Key_Apricot_6933 · r/personalfinance · 5 upvotes

With only $3000, your realistic choices are to either get a job somewhere that would pay for an education (I think Starbucks does) or take on a bunch of student debt.source ↗

usefully_useless · r/personalfinance · 1 upvotes

How would I know what’s sustainable? I live in an expensive area unfortunatelysource ↗

CoolCatChar3 · r/personalfinance · 1 upvotes

I 18F am in cc and desperately wanna move out.source ↗

I wasn’t able to go far bc I would be in too much debt at a university so I’m stuck in my parents house.source ↗

I wanna move out asap and live alone for a bit before I transfer to a university for my graduates.source ↗

CoolCatChar3 · r/personalfinance

Where this came up

People with this problem also raised