From April 2022 [Revision of the Civil Code] Two important points about money that should be conveyed to children who are 18 years old and become adults
Two things to note about money
![From April 2022 [Revision of the Civil Code ] Two important points about money that you want to convey to children who turn 18 and become adults](https://website-google-hk.oss-cn-hongkong.aliyuncs.com/drawing/article_results_9/2022/3/9/302f9a6f8ca15daf7e05c23a2030506e_1.jpeg "From April 2022 [Revision of the Civil Code] Two cautionary points regarding money that you want to convey to children who turn 18 and become adults")
The age of adulthood will be lowered from 20 to 18 due to the enforcement of the amended Civil Code in April 2022. This means that when you turn 18 in your senior year of high school, you are legally an adult. See all the images in the original article In addition, drinking, smoking, and joining the national pension will be from the age of 20 as before, but for many other contracts, you will be able to make your own decisions without parental consent. increase.
If it is a contract with a minor, it is protected by law
A minor (person who has never been married) made a contract without the consent of a parent (legal representative) Contracts can be canceled by minors or their parents (legal representatives) according to the right of cancellation of minors under the Civil Code (except when the contract amount is within the range of pocket money). By canceling the contract, you are no longer obligated to pay the price. If you have already paid, you can request a refund. If you have received a product, etc., you must return it, but you do not need to pay a usage fee, etc., even when you are using or consuming the product. In this way, minors are not allowed to enter into legal acts such as "contracts" on their own. In other words, it is protected by law. However, by lowering the age of adulthood to 18, "contracts" can be made independently. In addition, since you will be treated as an adult, you will not be able to cancel the contract on the grounds that you are a minor. From April 2022, items related to money that 18-year-olds can do without parental consent (partial excerpt) ・Subscription of a mobile phone ・Contracting life and non-life insurance ・Moving into rental housing or purchasing a house ・Creating a credit card・ Loan contracts, etc.
Watch out for money talks!
In addition to the above items, contracts also include so-called "profit stories" such as information products, multi-level marketing, and recently crypto assets. This money-making story has become a problem regardless of age, but there are also vicious traders who target young people who are not particularly knowledgeable or experienced. In addition, the impact of this corona disaster has brought an element of anxiety about the future. Financial independence and early retirement, such as FIRE, have become a hot topic, but there are still a certain number of young people who have aspirations and expectations for financial independence and income outside of work. So, in fact, it is quite possible to get on a different profit story. Including these points, the following two points must be clearly communicated to children before they reach the age of 18. Things I want to tell you before you turn 18 (money) ・When you sign a contract, check the details carefully → If there is something you don't understand, don't sign the contract right away (or don't buy anything expensive) Don't sign a contract right away) ・ Good news doesn't come from the other side. → In particular, it is important to be skeptical of investment proposals that guarantee high returns, such as 10% or more per year (not to deal with them). For example, you can consult your parents or consult with a consumer affairs center. These will help you protect yourself. By lowering the adult age to 18 years old, there will be more "freedom" at the age of 18. But don't forget that freedom comes with responsibility. We do not want you to start off as a member of society with only a large amount of debt due to financial troubles. (Author: CFP, FP Technician 1st grade Yoshihisa Okada)
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