Does the monthly money u give to ur parents count as expenses, and should that be counted into your 3-6 months of expenses of rainy day funds?

We park in a separate bank account (POSB Passbook Savings) with three of our names. My mom is tech noob, so she needs to have her passbook for her peace of mind (i.e. able to see her money there :p)

We treat it as an emergency health fund for large medical expenses. I do a standing instruction monthly transfer, so I don't need to keep remembering whether I've given them.

Also, because you really don't want to get into I-gave-you-no-you-didn't squabble. As they age, I'm also aging. Memory's failing all of us.

And I treat this as part of my expenses.

Yes. Any cash outflow is an expense, and that includes forced savings for me. I get it from the term "Pay yourself first".

I would put it under the 3-6 months of expenses in case of emergency as I feel that regardless of any emergency, I should be solely responsible for it and not to let it affect our parents. It is like how our parents treat us when we were young. They will still give us anything and everything even though if they encounter any emergencies.

I will include it as part of expenses and also as rainy day funds. It is still important to support your parents, especially if your allowance means alot to them.

Yes, as long as it comes out of your pocket/bank account it's considered expenses. Good to have a talk with your parents to have a feel how much to give :)