I (21, F) majorly overspent and my parents (51, 54) withdrew their financial support and kicked me out of the home. What to do next?

Over the past few months I got really into kpop and collecting photocards. Photocards come in albums and are collected similarly to how baseball player cards are collected. Over the past few months, I got really into collecting and spent way- WAY too much money on these cards - into the thousands of dollars each month.

In terms of in finances, my parents pay for my tuition and rent, with the agreement that I will pay everything back once I graduate + starting working. I also receive an allowance from them. I'm entering my final year of University this fall.

I do have a full-time job in the summer right now, and a part-time job during the school year, and coupled with the fact that I've been at home due to the pandemic, it means that I've saved a lot of money on utilities, food costs etc. that I would normally spent. This initially led me to indulge in some albums, in a new genre and hobby that I was interested in! But it quickly spiralled out of control. I'm not in debt or anything, but my spending definitely exceeded my monthly income and dipped into my savings.

My parents found out yesterday and are understandably furious. They were shocked that I could be spending SO much money on... pieces of paper. My dad told me if I continued to spend like this, I would be kicked out of the family. My mom added on that I would never receive another cent from them and not to bother coming home (as I was originally going to go home this coming weekend - I'm currently in my student house). My mom was so angry she couldn't continue to be on the phone call with me and they hung up last night.

This... is all my fault. Truly, I don't know how I got into this situation. They have NEVER checked my bank account statements before (my account is shared under my mom's name) since I got a bank account at all - spending has always been a non-issue for me. I'm very very frugal in all my other aspects of life and I'm sad that I let this expensive hobby get to this point. On a deeper part of me, I think I was very unhappy in the past year, and I definitely latched onto kpop as an escape - somehow spending money on these cards turned into a twisted coping mechanism.

I feel awful I was so selfish and hurt my parents with this spending and I want to tell them that. The waiting to see if they ever call me back or not, or if their lack of financial support and refusal to allow me home is permanent or not. I don't know how much of it was heat of the moment and how much of it was what they carry through. If they cut me off, then I deserve it. I should know better than this - I just don't really know where to start, if I should talk to them or what to do...

If you've read this far, my sincerest thanks. Looking for advice for my next steps.

TL;DR: Spent too much money, parents said they would cut me off + kick me out, don't know what to do next.

EDIT 1: Thank you everyone for your sincere advice. It really means a lot, especially hearing input from some older adults/parents helped put things in perspective. I'm currently in the middle of posting the cards up for sale - Most of them can't be returned because they're from individual sellers/collectors, so the process of getting the money might be slow. I've also booked an appointment with my school's free counselling service for a counselling appointment next week. Again, I really appreciate everyone's kindness, it means a lot.

Submitted August 05, 2021 at 04:41AM by throwaway_13579s https://ift.tt/3Ac11KS