Staying out of trouble
If you get in trouble with the police, you can be arrested and tried as an adult. If convicted you can go to prison.
Loans and opening bank accounts Applying for loans including credit cards. You are legally obligated to pay all debts that you incur.
Biding contracts Enter into binding contracts that can be enforced.
Living at home
If you are 18 and plan to still live in your parents’ home, you are not above the rules. Just because by law you can do certain things doesn’t mean you can behave however you want in your parents’ house. Your parents own the property and they are no longer required by law to house you once you are an adult. It is to your benefit to sit down and talk to your parents and devise a set of rules that you both feel comfortable with.