In terms of money, one might think that when 18 years old arrive, the daily life of young people does not really change. It is no longer rare to see adolescents using a bank card from their college years to adjust their purchases and turn money with an application of their smartphone. Likewise, the rite of the passage at the banker, once the majority are reached, would be in the process of being disappeared: the young person can open an account in a few clicks, without leaving his room.
However, the crossing of 18 years remains a real revolution in financial matters. First for parents! They legally lose control over how their offspring spend their money, even if they are the ones who give them. Then, those who obtain the majority must face new responsibilities.
The first is to choose the establishment in which you open your first account. Many will prefer that of their parents to take advantage of the relationship they have built over time with the banker, always useful if ever overdraft problems occurred.
However, the smartphone having become central in the lives of the youngest, the latter will want a bank which gives them the greatest autonomy and efficiency in these dematerialized uses.
traps and online temptations
The second is that from 18 years old we are completely responsible for his financial decisions. Budget management, choice of attachment or not to the tax household of his parents, subscription of banking products, or even savings, that which reaches the majority will have to assume the consequences of its behaviors and its actions.
and the dangers exist. If new technologies have changed the reports that we maintain with the bank, they also facilitated the development of new traps. Some young people may be tempted to invest in cryptocurrencies. The progression of their courses in recent years may make believe that they allow to quickly earn money, forgetting that these financial assets are extremely volatile, with the risk of losing almost instantly its bet.
The grip of social networks can also be harmful for those who are starting to manage their budget. Influencers who reign on the web do not only promote cosmetics or fashion, some do not hesitate to provide financial advice that can hide scams.
We should not be fooled by promises of quick gains, mirobal yields. In this area, moreover, it is not only the youngest who can be convinced by the arguments of huntsters, whether on social networks or not.