Being a young adult can be an overwhelming experience. For many, it is the first time they have experienced a large level of independence, and this newly discovered free will can prove terrifying when it comes to the serious topics that we associate with growing up. One of these is money; keeping finances in check can be daunting, whether aspiring to big things in the future or just trying to deal with daily expenses.

There are a lot of parents who prefer to give their adult kids some financial help at this stage of life, but sometimes it proves to be more of a drawback than an asset. Some get given more money than they know how to manage properly, and others suffer at the hands of relatives who claim to know what’s best for them, but are actually doing them harm. It is important to be savvy in these types of scenarios.