At what age you become financially independent?

Indonesia
August 24, 2009 10:28pm CST
Financially independent here means you were not depend on the allowance your parents give and earn money by yourself to support your living cost. I just become independent about a year ago, in May 2008 to be exact, when I was 20. I graduated from my uni and start working in a bank which give me good salary. Since then, I am not receiving any kind of money from my parents instead I give them regular portion of my salary cause I think it is time for me to appreciate all their hard work and money they spent to raise me. It gives me great feeling to see that now I am able to return what they did to me in the past and I am sure my parents very proud to see their son succeed. How about you? What age you become independent and how do you feel about it?
2 people like this
26 responses
@russso (1693)
• Philippines
25 Aug 09
WOW. Lucky you. I can't wait for the day that I'd be financially independent and finally get out of my house and have my own place. Kudos to you!
1 person likes this
• Indonesia
26 Aug 09
Hi russo, I've tried living away from my parents during uni cause my uni is quite far from my house. The positive is I learn on how to be independent and take care of myself the drawback is I am really reckless in cleaning my room, which cause my room really really dirty :)) But I went back every weekend, so I cannot say I move out from my house. I dunno if I want to move out from my parents house, it's uncommon here to do that before you get married. But if I have money, I will definitely buy a house or apartment in strategic location for investment. Thanks for the response!
@russso (1693)
• Philippines
28 Aug 09
I do miss living away from home. I was staying in a condo when I was in college, but of course, financially I was dependent on my parents. Here in my country, a lot of families are still very conservative and most children leave their parents' homes when they're about to get married -- almost the same with yours :D
• Indonesia
2 Sep 09
Yeah, I do missing those days when I live by myself, although sometimes it is tiring to wash your own clothes or cleaning your room, we got more freedom in doing activities without worried of being caught LOL.
@patofgold23 (5069)
• Philippines
25 Aug 09
hi sophistcated boy! I don't know how i call it, but I've been earning my own money since I was 20 years old... (so it's over 10 years now). i have my kid whom Ii'm raising on my own sicne I am a single mom. i do not receive any form of financial help from either parents, but I live in my dad's house for practical reasons. He's got a big house 7 bedrooms. and I wanna save the money I would pay for renting outside... i'd rather keep for my son
1 person likes this
• Indonesia
28 Aug 09
Hello patofgold, I see your son as your inspiration in living the life. Yeah, it would be better to save the rent cause usually rent a house or an apartment will eat up almost 20-50% of your earnings, which better be saved for something else. Thanks for the response!
• Philippines
28 Aug 09
you're so right there sophist! all these driving force I have right now, comes mainly from my wanting to give my son a good life and a good future. I didn't have muchy when I was growing up coz even if I had a rich dad, he kept all his money for himself. I grew up having to make do with so little. and it taught me a lot of lesson in life. I am happy though, I have become tough... happy myLotting sohp!
1 person likes this
@bigplay (212)
• United States
26 Aug 09
I think its when your 21 years of age, that's when you can virtually do anything legal that you want. I think teenagers even 18 and 19 years olds need a lot of guidance.
1 person likes this
• Indonesia
2 Sep 09
It depends on the person itself. If the person are raised to be a responsible person, than he would know the border between what's acceptable and what's unacceptable. I don't think no matter what age that person is, sometimes they doing stupid things that can harm themselves or other people.
@Porcospino (31366)
• Denmark
25 Aug 09
When I was 23 I started travelling, and I lived and worked abroad for a while. I lived in different countries and I had I lot of interesting experiences, but I didn't make a lot of money. My parents sometimes helped me financially, so I wouldn't say that I was financially independent at that time. When I got back to Denmark I lived with my parents for a short period of time, and when I was 25 I moved into my first apartment. At that time I was finally able to pay my own rent and my own bills.
1 person likes this
• Indonesia
2 Sep 09
Oh what country you traveled then? It must be exciting experience for you to meet a lot of people and knowing different cultures in each countres. I wish I could do the same as you, but I think my parents cannot afford that kind of lifestyle. Thanks for the response!
@dorannmwin (36392)
• United States
25 Aug 09
In most ways I became financially independent when I was 18 years old. I was in college at the time and had my student loans in my name as well as carrying my scholarship. I also received money monthly as a benefit from my father's pension fund. I worked part time during school so I would have extra spending money and bought my first car at that time, paying my payments myself. During the summer I worked full time to have money to help me get through the following year. However, during my college years, my mother did let me live with her during the summer free of cost. Once I got done with college, I started paying her a reasonable rate while I looked for a house of my own. Paid my own bills for everything as well. As far as financially independent and in my own home, that happened when I was 27 years old. Took me a while to find the right house but in the mean time I wasn't ripping her off by freeloading.
1 person likes this
• Indonesia
28 Aug 09
My friend in UK also have student loan to pay all her studying expenses, which must be returned with low interest rate cople of years after she graduated. It's very good to work part time during school or uni cause it really teach us how to deal with time management, work ethics and also how to manage our money. Thanks for the response.
@preema723 (117)
• United States
25 Aug 09
I became financially independent at 22. Before that, I was mostly financially independent because I paid for my college education, food, clothing, credit cards, etc. My parents paid my car insurance and I still technically lived at home when not in the college dorm, and they kept me on their health insurance. At 22 I moved out and into an apartment with my fiance and then shortly after, we were married. I was always very independent - it is my personality. My parents have always encouraged independence, but have always been there to help if needed.
1 person likes this
• Indonesia
28 Aug 09
How you manage all those kind of expenses in college? Do you work part time? I think it depends on the culture, mainly in Asia, we don't do part time work when we studying in university cause usually the parents will provide their children allowances or tuition fee. We only do internship during summer break, but some opt to take short semester to shorten up their study duration or to revise failed subject. I's good your parents theach independence to you, being independence means being responsible for your own life, which is one of the most important core value in this life. Thanks for the response!
@smart44 (510)
• Philippines
26 Aug 09
I was financially independent when I was 21 years old I have my very first job then, so I need to buy my clothings, food, but during that time I move out of the house of my parents. I need to rent a room because my work is far from our house, and I need to give the portion of my salary to my sisters because they are studying then until they graduated with a degree.
@greenline (14838)
• Canada
25 Aug 09
I became financially independent at the age of 18. That was when I joined the University and I got scholarship for the entire four years. I managed all expenses with the scholarship. After graduation, I got a decent job right away. So, I could continue on on my own.
1 person likes this
• Indonesia
28 Aug 09
What did you do back in high school to get the scholarship. I notice from TV series that there are many ways to get scholarship, like being an athlete or getting high grades. Lucky for you to get scholarship that cover all the expenses. Your parents must be proud of you! Thanks for the response!
@srikandi19 (3391)
• Kuta, Indonesia
25 Aug 09
I don't know Till now, I still try and hard work to get my independent finance. I don't know when I am be freedom and have finance independent, cause my salary not much.
1 person likes this
• Indonesia
26 Aug 09
Easy srikandi, that day will come. Just be patient in waiting all those opportunities and be smart to recognize which one you should take and which one you should reject. I hope you will be independent in the future, looking from your hard work in working online I think you pretty much a hardworker:)
@lynnemg (4529)
• United States
25 Aug 09
With a few exceptions, I have been financially independant since I was 18. I have had a few times when for one reason or another, my parents and I decided that it would be best for me to move back in with them. I can happily say that I haven't had to do that for over 5 years now. I can honestly say that in some aspects, I grew up quickly, and others I did not. I used to be very trusting and allowed myself to be financially drained by others, that posed some problems for me. Since I have realized that fault in myself, I have really becoome for independant and now I think that my husband and I are doing quite well.
1 person likes this
• Indonesia
26 Aug 09
Since 18? What job you did at that time? I think since I worked I realized value of the money and become careful in managing my money. Before that, I tend to spending my money without thinking all the hard work put behind that. But despite that thinking, when I have regular allowance in the past, I always try to spend money wisely and only buy things I really really need. My parents teach me hard on managing money, of which I still practice until today. Great that you've learned from mistakes in the past, hopefully you and your husband can also applied those values to your children! Thanks for the response!
@jambi462 (4576)
• United States
25 Aug 09
Well I'm eighteen years old and that has yet to happen to me unfortunately. I do love my mom very much and I like living with her but one day I would like to be able to live on my own and be able to stop leeching off of her. She works a lot and I wonder if I was gone if she would still have to work as much. One day I would love to be able to pay her back for all that she gave me by doing something great for her.
1 person likes this
• India
25 Aug 09
hey sophisticated boy.. Well congrats on your newly found independance. i remember when i was independant the very first time. Finally i felt like i owned my life. i can make my own decisions, decide how i want to live my life. And to show my gratitude to my parents, i buy them present, every once in a while.
1 person likes this
@abdfree (70)
• India
25 Aug 09
At the age of 25 years I became financially independent. That time I am doing B.Ed with mathematics. From the begining I am self employed. At the age of 25 I opened Institute of mathematics and it take hardly 2 months to take grip . Now I am running high school.
1 person likes this
• United States
25 Aug 09
I was 18 when I left home to go to my own apartment. I worked and paid my own way not just in life but in college as well. At 16 I had to start paying rent to my parents as well as paying my own car insurance and buying my own clothes. I think you have very nice parents to support you for so very long.
@subha12 (18441)
• India
25 Aug 09
At the age of 22 years. I joined my first job at that age after passing the engineering degree. I joined a renowned software company in my country. That time I may not be earning lot, but was financially independent.
• Indonesia
2 Sep 09
It's bothering me that many of the big companies pays so little for fresh grad, bceause of their name they think they can hire people with lower salary than others! Although I think it's good for you to enter that company, just consider that as a stepping stone for better future. Thanks for the response!
@shinymood (405)
• China
25 Aug 09
I became financially independent exactly when I was 20. I too gave regular portion of my earning to my parents and they were more than happy. It's so good to be independent financially. You can make your own decision and live a better life.
• Indonesia
2 Sep 09
I agree with you completely..Thanks for the response!
@scififan43 (2434)
• United States
29 Aug 09
I think like you I became finaicly indendent when I graduatied High school and got my frist job. I was working my way thur colege at the time. my mom and dad could not afford to send me so I had to work for it. I did however stay at home while I atteded school. I went to a local coldege.
• India
26 Aug 09
Not many may believe but I have been financially independent since 15. In fact I funded my own Graduation. I took up part time tutions to Primary Class students and immediately on turning 18, I made good investment decisions in the Stock markets and earned well enough to fund my education myself.
• India
25 Aug 09
Very Nice..your parents are definitely proud of u ,I am sure :) I started off my career ,very early in life at the age of 16 by taking tuitions and as I completed my education ,I became a teacher.But after I got married ,I wanted to give more attention to my children and hence sacrificed my financialy independence,I am glad that I did as I have spent many precious moments with them and brought them up with good values
• Indonesia
2 Sep 09
Many of my friends also become tutor for younger kids and got quite a lot of money from them, since it is only twice a week for 2 hours. I agree on your decision, raising a kid by your own is really important for their growth, nowadays many parents that are too busy to see their kids during the day.
• China
25 Aug 09
Wow, I can see you are a good son, and how lucky you are to get a job in bank right after your graduation. Actually, I depend on my own at my age of 20 also, my salary is very low at that time, but still I give them regular portion of my earning. Yes, it's time to appreciate their hard work and love to us.
• Indonesia
2 Sep 09
Thanks karen! I also quite surprised when I got the job since it is quite prestigious job which offers quite a high salary for fresh graduate. It's very nice of you to still gave your parents portion of your money while you got low salary, I don't think I can cope with that :) Thanks for the response