Disclaimer: This information is accurate and true to the best of my knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.
While it's understandable if you ask for assistance every now and again, especially if you're on your own for the first time, it's important to cut the chord eventually so that you can enjoy the total freedom—and responsibility—of supporting yourself.
1. IT MAKES YOU POWERLESS
Being fully reliant on other people makes you totally powerless. It can lead to countless instances of emotional abuse, manipulation when it comes to finances, and so much more.
It's important to be able to support yourself financially—especially as a woman!—so that you are not reliant on people who are hurting you—and controlling you!— for cash.
If you don't have enough money to move, you may be forced to continue living in a state you hate or enduring an unhealthy relationship simply to make ends meet.
Earning, saving, and investing your own money gives you far more options.
2. IT CAN LEAD TO IMPULSIVE SPENDING
It's hard enough not to spend money you have earned yourself sometimes. It can be even more challenging not to spend money you haven't earned.
This can then lead to a toxic dynamic and a lot of guilt around cash: There's nothing wrong with splurging on nice things that will make your life easier and more enjoyable, as long as you are controlling the process and setting boundaries with yourself—It's important that you always have more than enough in your bank account —if possible—so that you are prepared for the unexpected.
3. IT CAN ERODE YOUR CONFIDENCE
As much as financial advice is about the logistics of everything, it is honestly very emotional for most of us: Money allows you to have options and gives you a sense of self-sufficiency and success.
It lets you know that you can make it in this world.
It allows you to depend on yourself without needing a partner—or a parent for that matter—for any reason whatsoever, which can lead to much healthier relationships!
At the end of the day, it's important not to rely on anyone except yourself for money, no matter how tempting it might be to benefit from other people's monetary success.