When I was a kid, I always wanted to buy cool things that stimulated my imagination like books and video games. But of course, being a kid, I was limited by my parents’ good graces to provide me an allowance. This was normal when I was little, but as I grew older, it became more frustrating. It felt like my parents were using financial leverage over me to stifle my interests. I know, in hindsight, that that’s a ridiculous exaggeration, but I can only realize that now that I’m financially independent.
Being on someone else’s purse strings stinks. Whether it’s your parents or some company or organization you owe a debt to, it can feel very stifling to have that hanging over your head. If you want financial freedom, the best course of action is to start making money as soon as you can and, perhaps more importantly, only taking on debt when you’re positive you need to. Even then, it should only be debt you are at least 90% sure you can pay back in a timely manner. I know that’s vague advice, but earning money is very circumstantial based on where you live and your skillset, so there isn’t really a surefire solution. I will say this, though: there’s no shame in playing the long game. Live with what you know you can afford while you need to pay things off, and then you can have fun when the shackles inevitably come off.