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Anonymous

05 Apr 2021

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How much do you give your parents on allowance?

What's an acceptable amount/percentage? Please share your salary and allowance amount.

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Discussion (15)

Rais M

25 Feb 2020

Accountant at SME

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.

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 sheā€™s 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 donā€™t 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.

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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