Should Young Adults Accept Financial Help From Their Parents?

Sometimes it makes financial sense to remain tethered to your parents, but work on a plan to start breaking the financial bond.

Father and Son
(Image credit: Getty Images/iStockphoto)

Living in Washington, D.C., one of the most expensive cities in the country, means making some sacrifices when you’re starting out. I share my apartment with a roommate, take mass transit instead of splurging on cabs, and organize potlucks instead of dinner parties. But I’m happy to scrimp and save if it means I can support myself—including paying my own rent, cell phone bill, health insurance and more.

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Miriam Cross
Associate Editor, Kiplinger's Personal Finance
Miriam lived in Toronto, Canada, before joining Kiplinger's Personal Finance in November 2012. Prior to that, she freelanced as a fact-checker for several Canadian publications, including Reader's Digest Canada, Style at Home and Air Canada's enRoute. She received a BA from the University of Toronto with a major in English literature and completed a certificate in Magazine and Web Publishing at Ryerson University.