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Sep 25, 2019 at 21:40 comment added alephzero Someone who has just started independent life doesn't have the experience to budget for all expenses over a year. Will they know how much heating and lighting costs change between summer and winter? Will they know about once-a-year costs for things they were never responsible for at all? Most likely not.
Sep 25, 2019 at 15:13 comment added SZCZERZO KŁY @RonJohn That's when a "Me" element is key. If you have X amount for food for 4 people if you subtract one (Me) then you can see that X buy too much food. Same with clothing, utilities, medical bills. And person who start fresh would also realize what are probable expenses they are going to face. It's not like "you're spending too much on clothes" but more "I will be clothing myself so that expense should be lowered".
Sep 25, 2019 at 15:04 comment added RonJohn They might have more ability, but the bar is pretty low. (After all, balancing a budget is nothing more than addition and subtraction.) The key is knowing when something is too expensive, and a young person on his or her own might not know that yet.
Sep 25, 2019 at 15:02 comment added SZCZERZO KŁY @RonJohn I have more trust in such person ability to balance a budget than in mother who want to be reimbursed for the "lost income".
Sep 25, 2019 at 14:53 comment added RonJohn Having a person who just moved out on their own (and thus probably doesn't yet have the experience of how much things really cost) go through their mother's budget is of dubious value
Sep 25, 2019 at 14:17 history answered SZCZERZO KŁY CC BY-SA 4.0