Its a very usual feeling a parent have to always look out for their kid, I mean its totally natural for them to always want to protect and Guide them but as these kids grows older, it is very important to strike a balance between Respecting their privacy or Giving them the Freedom to do things by themselves. I grew up in a very disciplined house, my dad don't give room for any mistakes. If we try to do some things for ourselves, we get our punishment very quickly, having this kind of treatment during that time made us not free with our parents. We prefer sharing our thoughts with people who are not even in our family.
For me I believe, that when you give your kid some control over their private life can in return be beneficial for their development and growth but how can we do this without being invasive.
Privacy is very important for our kids emotionally and psychological development, when we give them enough space they can Develop independence, for example they can make choices and make decisions without constant supervision.
It also makes them to trust themselves and their Judgement,
Finally they can be self aware about their interests, value and believe.
The only issue I think parents have is that they often struggle to balancing giving their kids more rooms and privacy while ensuring that their safety and well-being.
To strike the balance Here I think the parents can do the following.
Firstly you must Set some clear boundaries, when kids know that there are some places they can't reach or roam, they tend to grow up well cultured and mannered.
Secondly you must Communicate openly, never stop talking to your kids, always Encourage your child to share their thoughts and feelings with you.
Thirdly you can Monitor without the kids without being invasive:
Make sure you Keep an eye on their well being without crossing the line into their private life.

Source

Some way I as a parent will want to go in my kids privacy while I ensure their wellbeing and making sure I'm not being invasive is that:
I will Communicate with them over and over again, communication is always the key, we will always Have open conversations about privacy, boundaries, and responsibility.
Also there will be a set expectations, I will establish guidelines for online safety , relationships, and other areas of their lives.
I will do that while Avoiding pushing them to disclose more than they're comfortable sharing, now this is where it really gets tricky as parents, once we start forcing them to disclose some of the things they are not comfortable with, they tend to distance from us and get scare of talking to us,
So parents needs to be very easy on the kids, so that they can share issues and situations with you comfortably even as they grow up.
You should Gradually give your child more control and chance as they demonstrate responsibility.
Finally Don't be a Busy Parent, Always Stay available for your Kids,
Make sure you Let your child know you are always there to support them when needed.
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