The word adulting means having characteristics that resemble one’s transition into adulthood. A person who is adulting is becoming more mature and responsible in most aspects of their life. Below is a list of some critical financial characteristics to have when entering adulthood so that financial mistakes will not be made later on in life.

Parents have traditionally encouraged kids to attend college due to a long-standing belief that a college degree would improve the chances of landing a high-paying job and beginning wealth building. However, nowadays, college is not a requirement for building wealth.

It is almost guaranteed that some type of emergency will happen during your life that will impact your pockets. Paying bills is part of adulting, but if you cannot make your monthly payments, the key is communicating with a creditor.