{"id":1253,"date":"2025-07-21T03:38:24","date_gmt":"2025-07-21T03:38:24","guid":{"rendered":"https:\/\/www.finznest.com\/blog\/paying-for-your-own-cell-phone-plan\/"},"modified":"2025-07-21T17:10:18","modified_gmt":"2025-07-21T17:10:18","slug":"paying-for-your-own-cell-phone-plan","status":"publish","type":"post","link":"https:\/\/www.finznest.com\/blog\/paying-for-your-own-cell-phone-plan\/","title":{"rendered":"Paying for your own cell phone plan"},"content":{"rendered":"
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These days, it’s common for parents to give their adult children some financial support. But it wouldn’t take a lot to be considered independent.<\/p>\n

About three-quarters, or 76%, of Americans say that coming off a parent’s cell phone plan is one of the “ultimate signs” of adulthood, according to a recent survey of over 2,000 adults by AT&T.<\/p>\n

Roughly two-thirds, or 66%, of those polled also say they believe adult children should aim to reach this financial milestone by age 21. However, of those who pay their own cell phone bill, most waited until age 27 \u2014 and 18% didn’t start paying for their plan until age 40 or later, AT&T found.<\/p>\n<\/div>\n

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More from FA Playbook:<\/h2>\n
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Here’s a look at other stories affecting the financial advisor business.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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It makes sense that paying for a cell phone plan would be a telling sign of financial freedom for many young adults, according to Carolyn McClanahan, a certified financial planner and founder of Life Planning Partners in Jacksonville, Florida.<\/p>\n

“Eventually they have to get their own car insurance because they can’t stay on their parent’s plan once they are no longer living them after they’ve finished school,” said McClanahan, a member of the\u00a0CNBC Financial Advisor Council. “At 26, they have to get their own health insurance. So it is not surprising that they stayed on the family phone plan as the last break for independence.”<\/p>\n<\/div>\n

Adulting includes ‘micro-milestones’<\/h2>\n
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Many experts argue it’s harder today for young adults to\u00a0make it on their own.<\/a><\/p>\n

“Separating from a parent’s cell phone plan might seem minor, but it symbolizes something much bigger: financial independence and personal responsibility,” said Douglas Boneparth, an CFP and the president of Bone Fide Wealth in New York.<\/p>\n

“In today’s world, where young adults are often burdened by high living costs, student loans and delayed milestones like homeownership, even small acts of autonomy feel like major wins,” said Boneparth,\u00a0who also is a member of\u00a0CNBC’s Financial Advisor Council.<\/p>\n

According to J.D. Power, the average monthly cell phone bill is $144.<\/p>\n<\/div>\n

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In addition to soaring\u00a0everyday expenses\u00a0and\u00a0housing costs,\u00a0millennials\u00a0and\u00a0Generation Z\u00a0face other\u00a0financial challenges\u00a0their parents did not at that age, other studies also show.<\/p>\n

Not only are their\u00a0wages lower\u00a0than their parents’ earnings when they were in their 20s and 30s, after adjusting for inflation, but they are also carrying larger\u00a0student loan balances.<\/p>\n

“‘Adulting’ isn’t always about hitting big life events,” Boneparth said. “Sometimes it’s about taking ownership of the basics, like paying your own phone bill. These micro-milestones offer a sense of progress and control when other financial goals feel out of reach.”<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

These days, it’s common for parents to give their adult children some financial support. But it wouldn’t take a lot to be considered independent. About three-quarters, or 76%, of Americans say that coming off a parent’s cell phone plan is one of the “ultimate signs” of adulthood, according to a recent survey of over 2,000 […]<\/p>\n","protected":false},"author":1,"featured_media":1254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[297,296,298,299],"class_list":["post-1253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-cell","tag-paying","tag-phone","tag-plan"],"_links":{"self":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/1253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/comments?post=1253"}],"version-history":[{"count":2,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/1253\/revisions"}],"predecessor-version":[{"id":1276,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/1253\/revisions\/1276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media\/1254"}],"wp:attachment":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media?parent=1253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/categories?post=1253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/tags?post=1253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}