To cut financial ties with original family benefits you in the long run

[jrrsparkles]

So you are talking about your friends who are dependent on their parents after covid? If the son or daughter can't survive then how their old parents did and I am asking you because you said normal family which I assume middle class.

First of all parent need to teach about importance of money and savings from their early stages itself then they will not be such ignorant who are in need of money from parent when they have their own wife and kids and I wonder how they are still married if they don't have money? Or, are we talking about rich kid here?

[bitzizzix]

If you are married and ask your parents for help, maybe because there is no other choice, I think it's okay, but it all depends on the financial condition of your parents.
if your parents are financially incapable, you shouldn't do it because it will become a burden on your parents' minds which will make them sick because they also can't do anything.
I am private and I am married and I have never troubled them even in difficult circumstances and as much as possible my parents just know that I am happy in every way. And no matter how difficult it is, and also because of any factor, I will find as many solutions as possible, as long as I keep looking for it and also keep trying and have the will there will definitely be a way out. And without bothering the real parents, we have to give and make them happy.
and indeed it is very important to save and also invest from a young age and for future provisions if something unexpected happens, like what happened yesterday with Covid-19 which in my opinion everyone is affected including parents.

[naira]

A person's maturity becomes a benchmark if they don't try to live independently and only depend on their parents' finances, then they will never learn how to survive. Usually, these people have wealth inherited from their parents, but not a few of them force their parents' finances to continue to flow even in conditions where their parents are poor. Actually, it's about independence and readiness to live a new life by building a family. But when he is still dependent on his parents' money, then in general he is never ready for new things. He is still a child and will not be able to survive in the harshness of life.

Asking for help from parents when the need arises is normal. But staying financially dependent on them even in adulthood is simply irresponsible. The parents could also take part of the blame. Some parents cannot take it that their adult children are having a hard time. They willingly continue to support them. As a result, their children's behavior is reinforced. Parents instantly coming to their children's aid all the time may sound good, but it could also be dangerous as their children might not grow independent. They might not be able to try find ways to survive.

In cases like this, parenting also plays an important role in how children grow and develop. Usually, children are made spoiled and are not taught how to start life from scratch. Parents are still parents, who are open-hearted and can't bear to see their children starve. But on the contrary, children always have the heart to let their parents starve. Financially, children who grow up without learning the rigors of life still have nothing to learn to live independently. So the role and upbringing of parents also play an important role in shaping the character of children when they grow up. Moreover, building a family where the responsibility is very big. When he decides to have a life partner, it means he is ready for the sweetness and bitterness of family life.

[cabron]

Every country has a different approach to this. Close family ties are better because they all help each other, especially in India where even your older brother of yours still lives under one roof with your parents. The parents also like this situation because it helps them guide the family.

But in the real world like the rat race, a person should also start to be independent especially when they got married already. Live separately also and they have to start paying their own mortgage or else they will not be independent.

[MusaPk]

Asking for help from parents when the need arises is normal. But staying financially dependent on them even in adulthood is simply irresponsible. The parents could also take part of the blame. Some parents cannot take it that their adult children are having a hard time. They willingly continue to support them. As a result, their children's behavior is reinforced. Parents instantly coming to their children's aid all the time may sound good, but it could also be dangerous as their children might not grow independent. They might not be able to try find ways to survive.

Parents must keep in mind that they won't be there forever to help there kids (in crisis)and the best way parents can help there child is by teaching them how to earn and live on there own. We have to admit that life is tough and we have to take it serious in order to get success later on.  
I do agree with what you say that parents instantly coming and helping there kids is not a help rather a fatal damage to there future.

[Fortify]

Most of us are born in a normal family. By normal, I mean we are nurtured and raised by healthy parents and they are still active when we graduate from college and start working. In many countries where economy has been hit by the COVID and affliated incidents, life has been harder than before and many have to choose to live with or at least ask help from their parents. From parents pespective, I believe as long as they are able to help, most likely they will be willing to help, because they love you. From children's perspective, I think this may solve some realistic problems in the short term, but in the long run, this will damage the creativity and motivation to face life challenges and harm the ability to manage finances, especially if you are a man. 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. A lof of hidden problems are there but just ignored. In my opinion, the earlier you become independent financially, the more likely you will be living a comfortable life with your finances. Better to know this and be prepared, if you are young.

That seems like a very odd situation you pose, but it may be true in certain situations I guess. You're right that staying "at home" with parents can definitely be stifling to growth because it limits the freedom and activities you can participate in, while also keeping you somewhat in a bubble from certain bills that you might be expected to pay while renting or paying for a house. However no reasonable mortgage provider would lend on the basis that the person cannot fund their own payments each month, so in that sense something went wrong with the financial checks. There is definitely a degree of independence that will never be learned until someone can live fully apart from their parents.

[Bananington]

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.

The parents have accomodated the behaviour that is why your friends still do it. They are supposed to be giving back to their parents and not taking any more.

If the parents give them just because they have enough and still just want to, it is more understandable than a situation where they are the ones that still make those demands from their elderly parents.

In my opinion, the earlier you become independent financially, the more likely you will be living a comfortable life with your finances.

There is no guarantee to this, but the earlier you become independent financially the faster people see you as a responsible individual and they will take your opinions more seriously.

[Captain Corporate]

I have to say that is both true and not true at the same time. I haven't had a single financial help from my family since I was 23 years old, which should mean that I need to be a bit more independent from my family and have responsibilities and be a financially wise person at the very least, or at least be forced to work and provide for my family, which is true but that doesn't make me any better man, I still do not live a rich life. I get that I have some responsibilities and have to work harder and get that chance, but that doesn't make any person who lives with their parents any lesser, they are just as good as me, it changes from person to person, not situation to situation.

[ginsan]

In theory if you want to be independent, you must first have a steady job and that is one of the factors you will be able to cut off financial ties with your parents which you can do gradually before you have your own wife or family. if you are single or alone, of course your parents will take part in controlling your finances because they are worried that you have not been able to form proper financial management. Indeed, if you have passive income, you can slowly manage your financial land for the long term, whether you apply it to investments.

parents will always try their best for their children even among them maybe they provide initial capital so that their children can be financially independent.

[Dr.Bitcoin_Strange]

OP, most times I blame some parents; they are sometimes the cause of some financial issues their children face, and that's because they failed to educate their children on how to create wealth, manage it consistently, and also how to manage financial and economic situations. That's probably because they are rich parents, and they feel their wealth could see their children through life, but sometimes in the future, they become less rich, and it becomes a challenge for the children who are fully dependent on their parent. How ever, it's also necessary for a young guy to grow up and remember that they are not going to be the daddy's boy or girl for ever because they will definitely have their own homes one day and also children who will depend on them too. I have seen some rich kids, but after the death of their dad, they all became poor because they could not manage the wealth nor could they create more wealth; all they were doing was fully depending on their dad.

[Oilacris]

Most of us are born in a normal family. By normal, I mean we are nurtured and raised by healthy parents and they are still active when we graduate from college and start working. In many countries where economy has been hit by the COVID and affliated incidents, life has been harder than before and many have to choose to live with or at least ask help from their parents. From parents pespective, I believe as long as they are able to help, most likely they will be willing to help, because they love you. From children's perspective, I think this may solve some realistic problems in the short term, but in the long run, this will damage the creativity and motivation to face life challenges and harm the ability to manage finances, especially if you are a man. 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. A lof of hidden problems are there but just ignored. In my opinion, the earlier you become independent financially, the more likely you will be living a comfortable life with your finances. Better to know this and be prepared, if you are young.

Early or late you would be still end up on the same path which is really that able to realize on how hard would be living specially when you do have your own family on which you would really be needing to

be that thinking independently.Its normal that when we are still young and havent finished schooling then we are really that an obligation by our parents on which it would be normal that they would really

be nurturing us until we do become independent.Somehow those points above are really indeed true and should really be happening in reality but of course its impossible
that you wont really be making some self realizations.

[Yatsan]

Depends of toxicity exist. In some instances, financial ties is beneficial perhaps you are married and in times of emergency, there is a family to somehow give you assistance. But I do get the point of burden to some instances wherein there is an unwritten responsibility that you should do the other way around. On my end I just consider it as gratitude. Depends on your family culture as well. But as I've mentioned, it is an unrwitten responsibility so if time gets rough, you may only give an amount you just can afford and should not be forced to give more. This is applicable to both parties of child and parents. It is just dependency which makes a big deal out of this, wherein there should not be.

[livingfree]

It's up to you whether you want to cut ties with your family so that you can enjoy your life. Every country has a different culture towards family ties.

As much as you want to be with them, it's normal in some countries until you grow old and be with them. There are children that don't really want to be far from their parents because they really love them and they're not getting any younger anymore.

Those that leave their family, either chose to live independently or their family is having toxicity that they can't attain anymore.

[Ludmilla_rose1995]

Most of us are born in a normal family. By normal, I mean we are nurtured and raised by healthy parents and they are still active when we graduate from college and start working. In many countries where economy has been hit by the COVID and affliated incidents, life has been harder than before and many have to choose to live with or at least ask help from their parents. From parents pespective, I believe as long as they are able to help, most likely they will be willing to help, because they love you. From children's perspective, I think this may solve some realistic problems in the short term, but in the long run, this will damage the creativity and motivation to face life challenges and harm the ability to manage finances, especially if you are a man. 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. A lof of hidden problems are there but just ignored. In my opinion, the earlier you become independent financially, the more likely you will be living a comfortable life with your finances. Better to know this and be prepared, if you are young.

what you are doing is very true, I really like it, why in the past were many rich people created, it was because they had the courage to take risks at a young age to live independently and even build their own business. I am currently overseas, I know it is difficult but I realize that it is impossible for me to continue to depend on my parents forever, they have been good enough to raise me, don't let me make their life difficult.

[Kakmakr]

Yes, the days are long gone where property prices were cheap and work opportunities abundant... now the younger generation has to deal with high inflation and high interest rates and exorbitant property prices. 

I have no problem with those kids that are staying at home to study and to prepare themselves for the difficult task to find a job... I do have a problem with those kids that wants to use their parents for free food and housing, while they are having a care free life. I started working a month after I left school.... and I am still working since that day. 

[lovesmayfamilis]

Obviously, this forum is not the place where those children who regularly milk their parents hang out. Coming here, we see people who are ready to learn, which means they understand very well the responsibility for their lives and their livelihoods.
At the same time, I frequently see those golden boys who get up at noon and spend their nights out in bars and clubs.
I am sure that everything we advise here will not reach such people, simply because they will not come here.
And only when something happens to people different from their usual way of life do they begin to look for and think about how to exist separately from their parents.

[Razmirraz]

Parents always do anything to help their children, including giving some money when their children are having difficulties. Asking your parents for money would be the safest option, because you don't have to think about huge interest.
Explain to them the reason you are borrowing money, even if the second party is your own parents, don't think that the money is given for free because they also have personal needs. Parents will help their children if they have cold money, you as a child have an obligation to pay it because anything related to debt is very sensitive.

[rat03gopoh]

Living together or separately doesn't matter, and I know even within one country the culture differs in every region. Everything just depends on the awareness and support of both parties, parents and children. A difficult condition to decide, you wanna live separately but your parents dont support you because of worries about their old age. Or your parents want you to live independently, but you need more time until you're really ready.

[Henrobakkara]

Asking for help from parents when the need arises is normal. But staying financially dependent on them even in adulthood is simply irresponsible. The parents could also take part of the blame. Some parents cannot take it that their adult children are having a hard time. They willingly continue to support them. As a result, their children's behavior is reinforced. Parents instantly coming to their children's aid all the time may sound good, but it could also be dangerous as their children might not grow independent. They might not be able to try find ways to survive.

There was a time I had to fall back on my parents for help and this was when I was not paid a salary for six months. I had to do so many odd jobs to survive until I couldn't cope anymore. And that was the first and last time it ever happened.
Parents are always willing to help but taking advantage of this privilege is a sign of irresponsibility. Based on our culture, Immediately you leave school and get a job, your parents expect you to be independent and even support them.

Parents should also learn to allow their children to face the world no matter how tough the situation might be. If these children always get the financial support they need, if their parents become broke or die, they might end up becoming beggars or even criminals. Children must be raised to embrace hard work, patience, and endurance.

You are right but sometimes, Some of our parents can not bear to see their children in that position, and if they are in a position to help will always want to do so until the child gets back on their feet however this does not mean the child shouldn't find a way to sustain his or herself cos we know some will take advantage of that too. I don't think most children would want to rely on their parents but sometimes if situations can become tough then both parties have no choice.

[ethereumhunter]

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.