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When’s a good time for someone working on their masters subsidized by their parents, and income from a job that doesn’t make too much money to break the joint bank account with their parents and have an independent bank account? Their parents aren’t in debt so they don’t have to worry about debt collectors.

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    On your 18th birthday. – The Photon Dec 5 '20 at 16:55
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    What if I don’t feel financially independent? I’m getting economically subsidized for tuition. I haven’t gotten a high paying job that I feel like I’ve made money out of my own ability. – Germania Dec 5 '20 at 16:56
  • That's okay. Your parents can still help you out, while you learn to manage your own money, even if you don't have a lot of it. If your parents really want to be able to claw back the money they send you, you can have two accounts, one shared and one your own. – The Photon Dec 5 '20 at 16:58
  • Is that how joint accounts work if the holders are adults in regards to clawing? – Germania Dec 5 '20 at 17:03
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    @chepner quite true. In college, my father gave me $400/mo and that had to pay for all monthly expenses, including food, rent, gas and fun. Thus, I was forced to budget (which, honestly, it not that mentally challenging: list your expenses, add them up and make sure the sum is less than your income.) – RonJohn Dec 5 '20 at 20:50
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(This is an opinion question, and Money.SE really frowns upon them, so I'm making it a Community answer. To be quite honest, this is a better question for InterpersonalSkills.SE.)

When’s a good time for someone working on their masters subsidized by their parents, and income from a job that doesn’t make too much money to break the joint bank account with their parents and have an independent bank account?

As soon as you got a job.

However...

subsidized by their parents

Would that emotionally hurt your parents? I metaphorically pushed my kids out the door when they graduated HS, but some parents are not only very clingy, but petty.

For example, yours might cut off support if you exert some independence.

Or... they might be clingy, and you might be afraid that they'd cut off support, but they wouldn't.

We don't know.

What you can do is open a new account, and slowly move all activity to that account.

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  • Having your parents pay for a degree is emotionally hurtful? – Germania Dec 5 '20 at 21:43
  • @Germania you misunderstand. Showing independence hurts some parents. Think helicopters. – RonJohn Dec 5 '20 at 22:30

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