Some financial advice???

Ok I am an idiotic 22yr old college student that's been a good little angel until this semester. In April, I bought booze for me and others, gave a check to those who are in need of money, bought a chair from a friend for 80 bucks and spent a bunch of stuff on Amazon.

My mom has control of my account and found out what I've been doing. She's cutting me off from her bank and clearing out my checking account and told me go ahead be an alchoholic and live on your own.

The thing is I am responsible and I don't drink that often. She doesn't believe me because I spent 70 bucks last month on Amazon for games and I told her I won't do that again. (Well I'm not lying to her!!)

I got a job and stuff. What to do? Please don't chew me out for being a fool.

Thanks!

I don't see what the problem is. You spent a few bucks on some laughs. What the hell are you supposed to do with your dough? Look at it? You're not a fool and you did nothing wrong. Take care of yourself and your own money. Be independant from your mother. Sounds like you're responsible enough. If it's yours nobody can tell you what to do. Next time have one for me.

I do not blame you for spending your money. If a friend asks you for something, just say no. I know it sounds kinda gay, but it really works. Also, set a low spending limit on unneeded (one that is about 10 bucks less than usual) per month. Each month, decrease it by about 5 bucks.

We all make mistakes. . Prove to your mother you are responsible. . open an account at a bank. . I suggest a Christmas Club. . small amount to open usually $5.00 you make deposits when u can (no need to balance monthy) and show her you can save money. . . its a start. . and the bank will send you a check in November!

If it's your job - deposit it in your own account. She has no right to take money out of your account. It sounds as if you have learned your lesson for the time being. But fiscal discipline will take more effort on your part once the parental support cord has been completely cut off.

Good luck!

Since you are 22 years old, get your own bank account. I have had my own (with no parent co-signer) since I was 18. It is not very difficult to get one, I think you just need proper ID etc. Have your bank statements sent to you personally and not to your mother, that will save you a lot of grief, trust me, I've gone through this too.

What type of advise are you looking for?

First off, it sounds like your living at home and that your being kicked out. If this is so, then your mum's a huge Bi**h. She should use this as an opurtunity to teach you financial resposibility and not cut you off because of something as stupid as money. The fact that shes cutting you off because of something as stupid as money is just plain rediculous. Judging by what you said, it wasn't even that much money, maybe $300 or so right?

Well heres my advise:
First, open up your own checking account and never, ever again have a dual account with someone unless they are your husband/wife. Try talking with your mom and see if you can smooth things over. Ask for her help to teach you to be financially stable and suggest that you take a personal finance course at school next semester to also help. If your mom wants you out of the house immediatly or if your on your own and she's cutting you off then you need to do a budget check.
Figure out how much you make after taxes, and then list everything from rent to food to entertainment and see if you can pay for things. If you can't, then try moving to a cheaper place or staying with a friend and cut costs anywhere you can. Always try to stay on budget and don't get caught up using credit cards, they are very very evil. My friend ran up 90K in debt in two years on credit cards.

If you provide more insight into your situation I could give more advise. Your not a fool, just watch where you spend your money. Most likely your mom is getting mad because she did something similar in her past and bad things happened.

Remember, get your mom off your checking account as soon as possible, but don't be nasty about it. You might need her help later on to co-sign a car loan or something along those lines.

No offense, it is your mother's money and she can cut you off. Why should it matter if you have a job and you are responsible with your money again?