If you always carry that mentality of not allotting enough margin just because you have your parents as insurance policy, then you’re not really financially independent. Sure, family will almost always be supportive but you must take the appropriate steps to create distance.
I have some friends who, years after college and working steady jobs. Sure, it’s a great way to save up money but it doesn’t really give them a better sense of independence.
It’s pretty hard to explain it but being on your own makes the responsibilities more apparent. There’s nothing like the pressure of having to make sure that everything is settled on a monthly basis – savings, bills, rent, food and other living expenses.
That’s why there is also a great value in teaching kids money smarts as they grow up. Exposing them to the idea that money is earned helps. Behavior and psychology also plays a huge role on how people view money. Kids are bound to pick up the spending habits of mom and dad.
Relying on your family for money is a great sign that you have a lot of growing up to do financially. It’s pretty harsh. But in a dog eat dog world, you should be looking out for your own hide anyway.
