How would you say that you are financially independent?

Pasay, Philippines
October 26, 2012 2:18am CST
How do you define yourself as financially independent? Is that because you are not asking help in terms of finances to other people? How were you able to handle your financial needs to the extent of having emergency funds? How were you able to save your finances? How does it affects your lives for being financially independent? I would say that I am not 100% financially independent because my salary is just enough so chances are I am still asking help from my mother. But now I am in the process of learning how to save the budget especially for Christmas day. I've already started to compute the expenses then when I see to it that it was really huge amount that affects my 1 month salary that is the time I lowered it down and needs to sacrifice on something in order for me to save.
6 responses
@asliah (11148)
• Philippines
25 Nov 12
hi, i could say that i am not a financially independent even i have work and earnings,because there are still times that i need my parents support especially when i am empty due to many bill payments at home,that is why i am trying to save money as long as i can so that when the times that i need it i still have it.
• China
27 Oct 12
yeah, I agree with the above viewpoint.For me, if I have the ability to support myself and I also can dominate my money completely, I'm financially independent I think.
• China
27 Oct 12
In my opinion financially independent is not asking help from others and can handle my money.
@mydanods (6758)
• Nigeria
26 Oct 12
i'd say you are financially dependent when you have to ask for money from your parents or guardians. but you might not be financially independent if you don't ask for money but are still living in the same roof with your parents or guardians. i think financial independence involves taking on responsibilities that adults are know for, like renting their own house, earning a regular stream of income and being confident of raising up a family of their own.
@GemmaR (8526)
26 Oct 12
I think that you are financially independent if you can manage your own money without having to ask it from other people. I have not had to ask for money from my parents for a long time now, and I think that it is a good thing because I am saving up for a house right now and this means that I am able to do my best to be able to get it. I don't think that adults should still have to ask for money from their parents, because it isn't fair on the parents who have supported their child for a long time, as they need a little bit of time to themselves.
@subhojit10 (7382)
• India
26 Oct 12
Thanks a ton for posting this discussion. Well in my opinion i will call myself as financially independent only when i am able to make myself financially stable that will never give rise to any conditions when i am begging or asking for money and when i am able to help my family members by funding their needs and by fulfilling their needs and requirements. What say?