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Anonymous
What's an acceptable amount/percentage? Please share your salary and allowance amount.
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Rais M
25 Feb 2020
Accountant at SME
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Alson Chua
22 Aug 2019
Multi Discipled Surveyor/Rope Access Level 3 at Applus Singapore
I used to gave my mom every month $500-$800 cash and pay her phone bills and some other bills. She has a full time job and long story short, I found out that sheās not been saving up the money I gave to her and instead spending on unnecessary stuffs. Now I stop giving her the cash and instead I use the money to top up her Special Account. Calculate how much more to hit the minimum sum when she retire and top up every month accordingly. I told her I will start to give her cash again when her CPF start paying out the monthly Retirement Sum. This way you donāt need to worry she anyhow spend and no money to retire, all burden falls on you.
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I give about 15% of my salary to my parents.
It really depends on you. There is no need to follow any benchmarks! If you think your parents need more, then give more.
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Gabriel Tham
21 Aug 2019
Tag Team Member at Kenichi Tag Team
I give 10%. Not high income earner.
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In 2007 when I graduated from NTU, I gave $800. That time, my monthly salary was $3000. Additional w...
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I only give my mother a very small amount of allowance. It is the thoughts that counts.
But I'm not being stingy. I also make it a point to bring her out and pay for meals as well as bring her out for overseas trip.