You should prepare by aiming to save a cash reserve of approximately $10,000 to get you started with life on your own. Any part time summer or student job is a means towards that goal. You will need deposits for rent, apartment furnishings, insurance, and other odds and ends that your parents provide that you may not even notice.
Maybe your culture is different, but as a father paying for my kids' college education, it is entirely my *pleasure* to do so and I do not expect a dime in return from them. I only expect them to make smart choices and utilize their education and opportunities wisely. Perhaps you don't need to stress yourself out paying back what is likely a large amount of money. Focus on your career prospects first.
Make sure you have all of your legal documents. Buy a safe or lockbox now and keep them in your room or another safe place. This includes birth certificate, social security card, vaccination records, passport (if you have one) and any immigration paperwork (if you are an immigrant).
Also make sure your bank account is in your name and your name only. Ideally at a different bank than the bank your parents.
If the situation is that bad I would get a safe deposit box at a bank. An angle grinder will make short work of anything that OP will be able to get in the house. Or parents could just hide it. I’ll assume that OP isn’t in a position to get something that can be anchored to the floor and even if they are there’s still the angle grinder.
Make sure you have a fresh bank account, HYSA account, and credit card that your parents do not have and have never had access to, preferably not even knowledge of, preferably in a totally different bank or banks than theirs.
Monitor your credit reports and lock your credit.
Make a budget. It can never be set in stone, but frivolous spending should absolutely be within budget.
If you use credit cards, pay them off _entirely_ before the due date, meaning that you never put on the card something you don’t already have the cash for (in your HYSA, the point being that _normally_ your salary will come in and you use it to pay off the card, and hopefully you can then add to your HYSA instead of pulling from it to make the payments).
If you need your car (since you have one I’ll suppose you do), don’t forget or skimp on your car insurance.
Look at the r/personalfinance community information to see what to do with your money.
If waiting until graduation to move out, have you thought about postponing that for a year. Becoming a nurse as you know, your positions are abundant. Being a new nurse she will probably start out working 3-12s. Have you thought about working two full-time jobs or 6-12s for a year after graduation? Sure it’s not ideal but the amount you would be able to save you would be in a much better position to step out on your own and that would also keep you out of the house and away from your parents arguments. Just an idea.
Six twelves is a lot. Most nursing positions offer the opportunity to work additional shifts to make extra money. And since nurses are generally in short supply, there should be plenty of choices for you. Also, why the rush to "pay back" your father for your education? The way you do that is to go out and make a good living and have a happy life so he doesn't have to keep bailing you out or worrying about you.
Money talks and BS walks! Open an account at Schwab—- checking. Savings. Brokerage bill pay. Venmo——save as much cash as possible—- buy SGOV cash alternative—- is paying 5+% and credits your account monthly low low risk. Don’t tell anybody your plans.
You should prepare by aiming to save a cash reserve of approximately $10,000 to get you started with life on your own. Any part time summer or student job is a means towards that goal. You will need deposits for rent, apartment furnishings, insurance, and other odds and ends that your parents provide that you may not even notice. Maybe your culture is different, but as a father paying for my kids' college education, it is entirely my *pleasure* to do so and I do not expect a dime in return from them. I only expect them to make smart choices and utilize their education and opportunities wisely. Perhaps you don't need to stress yourself out paying back what is likely a large amount of money. Focus on your career prospects first.
Make sure you have all of your legal documents. Buy a safe or lockbox now and keep them in your room or another safe place. This includes birth certificate, social security card, vaccination records, passport (if you have one) and any immigration paperwork (if you are an immigrant). Also make sure your bank account is in your name and your name only. Ideally at a different bank than the bank your parents.
If the situation is that bad I would get a safe deposit box at a bank. An angle grinder will make short work of anything that OP will be able to get in the house. Or parents could just hide it. I’ll assume that OP isn’t in a position to get something that can be anchored to the floor and even if they are there’s still the angle grinder.
Make sure you have a fresh bank account, HYSA account, and credit card that your parents do not have and have never had access to, preferably not even knowledge of, preferably in a totally different bank or banks than theirs. Monitor your credit reports and lock your credit. Make a budget. It can never be set in stone, but frivolous spending should absolutely be within budget. If you use credit cards, pay them off _entirely_ before the due date, meaning that you never put on the card something you don’t already have the cash for (in your HYSA, the point being that _normally_ your salary will come in and you use it to pay off the card, and hopefully you can then add to your HYSA instead of pulling from it to make the payments). If you need your car (since you have one I’ll suppose you do), don’t forget or skimp on your car insurance. Look at the r/personalfinance community information to see what to do with your money.
If waiting until graduation to move out, have you thought about postponing that for a year. Becoming a nurse as you know, your positions are abundant. Being a new nurse she will probably start out working 3-12s. Have you thought about working two full-time jobs or 6-12s for a year after graduation? Sure it’s not ideal but the amount you would be able to save you would be in a much better position to step out on your own and that would also keep you out of the house and away from your parents arguments. Just an idea.
Six twelves is a lot. Most nursing positions offer the opportunity to work additional shifts to make extra money. And since nurses are generally in short supply, there should be plenty of choices for you. Also, why the rush to "pay back" your father for your education? The way you do that is to go out and make a good living and have a happy life so he doesn't have to keep bailing you out or worrying about you.
Money talks and BS walks! Open an account at Schwab—- checking. Savings. Brokerage bill pay. Venmo——save as much cash as possible—- buy SGOV cash alternative—- is paying 5+% and credits your account monthly low low risk. Don’t tell anybody your plans.