There are several reasons why parents may often find themselves struggling financially:

1. The cost of raising children: Raising children is expensive, and parents often have to pay for essentials like food, clothing, education, healthcare, and childcare. These expenses can add up quickly and make it difficult for parents to save money or build wealth.

2. Career sacrifices: Many parents make sacrifices in their careers to prioritize their children's needs. This may include taking time off work to care for children, working part-time or flexible hours, or choosing lower-paying jobs that offer more flexibility.

3. Unexpected expenses: Parents may also face unexpected expenses, such as medical bills or home repairs, that can put a strain on their finances.

4. Lack of financial education: Many parents may not have had access to financial education or resources to help them manage their money effectively. This can lead to poor financial decisions, debt, and financial insecurity.

5. Economic factors: Economic factors such as job loss, inflation, and rising costs of living can also contribute to financial stress for parents.

It's important to note that not all parents are broke, and financial struggles can affect individuals from all walks of life. However, by understanding the common challenges that parents face and taking steps to manage their finances effectively, parents can work towards a more secure financial future for themselves and their families.

Here are some cardinal financial rules for parents:

1. Set a budget: Create a budget that outlines your income and expenses, and stick to it. This will help you stay on track with your spending and avoid unnecessary debt.

2. Save for emergencies: Set aside an emergency fund to cover unexpected expenses, such as medical bills or home repairs. Aim to save at least three to six months' worth of expenses in an easily accessible account.

3. Plan for retirement: Start saving for retirement early, even if it's a small amount. Consider contributing to a 401(k) or IRA, and take advantage of any employer matching contributions.

4. Invest in your children's education: Start saving for your children's education as soon as possible. Consider using a 529 plan or other tax-advantaged savings account to help fund their college education.

5. Avoid unnecessary debt: Limit your use of credit cards and avoid taking on high-interest debt, such as payday loans or car title loans.

6. Live within your means: Avoid the temptation to overspend or keep up with the Joneses. Live within your means and prioritize your family's needs and financial goals.

7. Seek financial advice: Consider working with a financial advisor or planner to help you create a financial plan that meets your family's needs and goals.

By following these cardinal financial rules, parents can work towards a more secure financial future for themselves and their families.