im not exactly sure what pp mguire is getting at, im not him, but what i think he is getting at is, when ur taking out loans and going to university and becoming an independent adult, it is best not to frivolously spend money. For instance im working this year and going off to university in waterloo in the fall entry of 2012, i am saving pennies for i don't have to get loans. You might want to think about do u really need something like an iphone 5 when u already have an iphone 4, which most would say is more then you need already. As well, spending money on new stuff like this while your mommy and daddy are paying your bills is a sign of not being independent. Im not attacking no one, don't take it like that, its just my thoughts.
this next bit is my opinion, not fact.
University in a way is really meant to prepare you for being an independent thinker, and being able to do well in your field. If your getting handed things, and staying home with your parents IMO your sort of wasting your time. I know you could say just because you are like this now doesn't mean you can't change when it comes right down to it. But it is a rude awakening, i was spoiled child pre secondary school. But once i got into secondary school my parents wanted me to start becoming independent so i had to pave my own road. Had to make my own decisions about my future. You may want to consider doing the same. Prepare for the unexpected, for example, whats to say you get a job after university, you never know what could happen. You should be ready to adapt to your situation, your education should also be flexible. By a flexible education i mean you should be ready for more then one specific career. After all you don't want to be living with your parents into your mid to late 20's unless absolutely necessary because people like that tend to be very dependent on others, by habit.
Just a friendly piece of advise