Which of the following is crucial when transitioning to independent living?

Financial literacy and budgeting skills are essential when transitioning to independent living because they form the foundation for managing one's finances effectively. Understanding how to budget allows individuals to allocate their income towards necessary expenses such as housing, food, transportation, and healthcare while also ensuring that they can save for future needs or emergencies.

Being financially literate means having the knowledge and skills to make informed decisions about spending, saving, and investing money. This ability is vital for avoiding debt, making wise purchasing choices, and sustaining a stable and independent lifestyle. Without these skills, individuals may struggle to live within their means or face unexpected financial challenges, which could jeopardize their independence.

While having a large social network can provide emotional support and resources, and access to luxury items or technology can enhance quality of life, these factors do not address the fundamental need for financial stability in independent living.