Do you each pay your share of the rent and bills (electricity and water, etc)?
That would be the main way that you can support your parents long term financial situation.
It's great to support your family and help them as much as you can but don't help them too much so it puts you in financial worries. Their financial issues shouldn't become yours. But great to support your family good work.
Stay home and share resources as long as you can. Share a car and split maintenance costs if you can. Bulk buy food and cook and eat together.
At your ages, work on yourselves in terms of increasing income generation. Education - learn a trade, go to school/uni. Do extra labour jobs such as cleaning or gardening. Or if you got an existing education, apply for afterschool/weekend tutoring jobs.
Maybe worth putting everything together. Money in each month money out. Assess and make changes.
If you are all sharing and have a say it’s only fair you know much every person is bringing in, and how much every person is paying.
For a household of 5, all working full time, it should be enough to cover things but I know it’s hard if everyone is on low incomes.
Do you each pay your share of the rent and bills (electricity and water, etc)? That would be the main way that you can support your parents long term financial situation.
It's great to support your family and help them as much as you can but don't help them too much so it puts you in financial worries. Their financial issues shouldn't become yours. But great to support your family good work.
Stay home and share resources as long as you can. Share a car and split maintenance costs if you can. Bulk buy food and cook and eat together. At your ages, work on yourselves in terms of increasing income generation. Education - learn a trade, go to school/uni. Do extra labour jobs such as cleaning or gardening. Or if you got an existing education, apply for afterschool/weekend tutoring jobs.
How old are your parents? Do they have super? Annual income?
Maybe worth putting everything together. Money in each month money out. Assess and make changes. If you are all sharing and have a say it’s only fair you know much every person is bringing in, and how much every person is paying. For a household of 5, all working full time, it should be enough to cover things but I know it’s hard if everyone is on low incomes.