Asked by Anonymous

For people living with their parents, what percentage of your income do you give them to contribute for household expenses etc?

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  • Luke Ho
    Luke Ho, Money Maverick at Money Maverick
    Level 6. Master
    Answered on 08 Apr 2019

    As a self-employed, I try to give them an absolute number because my income fluctuates on a monthly basis. It would be weird for them to understand why they receive a different amount per month if you go by percentage.

    Actually, I recommend you should do that regardless of being self employed or not.

    Your parents love you, but its still going to be weird for them if you give them less over time. So set the bar low and work your way up to giving them more as you become mroe successful.

    You are as successful as you are ideally because of them, after all.

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