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Finance management: One more step to achieve financial independence

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Even if your parents support you through college with financial assistance, it may be an idea to present your detailed budget to them so that they understand the costs you have, and that you are capable of managing your finances. They will appreciate that you are using their money wisely and they may in turn offer you more independence to manage your finances! Creating your own budget will allow you a better understanding of monetary issues and help you become more responsible.