Parenthood: Compare yourself with how others are doing financially to motivate you to do better

It's normal to be envious or a little insecure of friends who can still rely on their parents' financial
support even when they're already working, but use it as a tool to outperform your peers. By comparing yourself to your friends, you'll be motivated to work hard, be innovative and to really bring out the best in yourself. Besides learning to be independent is something you'd want your kids to learn-and you can teach them before you've gone through the same thing.

Parenthood: Find Financial Mentor

Earning your own money is exciting, but it can also be overwhelming. Find someone you trust-it can
be your parent, sibling, or a legitimate financial consultant-who is willing to guide and lead you into making good financial decisions. Make sure it's someone who can walk the talk. One who is teaching you the method of investment the way he/she did, and has benefited from it.

Parenthood: Investing early is more advantageous

If you start investing in your twenties, your cash will grow through the power of compounding, and
the earlier you start, the more years you'll have to generate earnings. Make your money work for you as soon as you can and as often as you can because you'll enjoy the much needed dividend payoffs when you become a parent, when your time is limited and when your appetite for risk is far less.

Parenthood: It's perfectly okay to want nice things so long as you can afford it.

As you move up the corporate ladder, your salary also increases. So there's nothing wrong if you
want to dine out, do a little shopping or reward yourself for a job well done. Enjoy a few quality and luxury experiences and items once in a while, but nothing to decadent, too often. When you become parent, these rewards also change in kind, like get-togethers and trips with the family, or a date night with the partner.