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Still treating your parents like an ATM? You may be setting yourself up for failure, an expert says

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Illustration photo by Getty Images
Illustration photo by Getty Images

Bella, 24, moved out of her mother's house four years ago, but since that time she has asked for thousands to pay her overdue rent or phone and electricity bills.

"I wish I was the type of person who was better with their money, but I feel like I never learnt budgeting skills, and I underestimated how expensive living out of home would be," Bella explains. "I don't want to ask for money, but if I'm looking down the barrel of eviction, I kind of have to. I know my mum finds it incredibly frustrating - it's not like she hands over thousands with a smile on her face - but she hands it over nonetheless."

This scenario is being played out right around the country. According to a CommBank Kaching study, we "borrow" an average of $213.58 (almost R3 000) from our loved ones each month, so Bella isn't the only one asking her mom for the occasional bailout.

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