I say this because a lot of the friends from my generation are struggling financially now because they have been dependent on their parents and even after getting married and establishing a new family, they took a regular amount of money from their parents to pay off mortgages or cover other expenses. They've never thought about having another stream of income or one day their parents may not be making money and instead need money and care from them.
Yup, makes lot of sense when we start earning way early than the normal life cycle. I can relate this to my own situation. I started my part time job as early as I was 17 yrs old! This made me realize how important it is to be surrounded by financial goals and do your own chores. My parents are well settled at the current age (obvious thing) but when I was very young they used to be struggling with various A to Z stuff. Whether it is my school fees, bus passes, or my clothing everything was their responsibility.
It made me realize how they might be splitting lot of money in between their children and their own expenses. Let us not forget they did have bill expenses and much more to take care of in day to day life.
One thing is sure, in your life chasing your own dreams and surviving the whole family has got different expenses that you need to take care of! Compromising is not an option here because you live once in your life and it has to be fullest.
I usually work 2-3 jobs at the same time. Whether it is the forum income, my real job and odd jobs that I keep doing elsewhere based on my skill set, I am trying to increase that number in my bank account all the time. In addition to this learning "accounting" is vital and its good sign of financial management. With the time it can really help you prosper since you would not spending your money just anything that you see.
Giving heads up to important things like: Having your own office, business space or having better promotions at your job is something as much important.
It's okay if you still depend on your parents, even after you get married because your parents will understand it and be able to accept it because some parents also experienced the same thing. Parents understand how someone starts a household life where people who get married need adjustments because their lives have changed. But as young people who still depend on their parents, we shouldn't just depend on our parents without doing anything but instead, we have to try our hardest so that we can be independent and can even help our parents in their old days. Maybe they can't do anything later and we as children, have to help them in return for our services to those who have cared for us.
That is entirely true. However, what we should be focusing on is, how to increase the whole family income and thus take care of each other. I am not much experienced but one of the documentary from Indian and Chinese culture shows that, they live in joint families. By that I mean, all brothers and their wives, parents everyone live under the same roof and manage the entire house with their combined income.
Just imagine how excellent management they might be doing. The kitchen must be running almost 12 hours a day to feed everyone and have all the personal space even after that much crowd.
I think it is lot to learn from different cultures and countries on how to manage yourself financial. Some may be living at low wages and be happy while some of them might be earning lot more but may not be happy.
It is just how you manage it