How much money do you give to your parents? - Seedly
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Anonymous

Asked on 13 Nov 2018

How much money do you give to your parents?

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Yong Kah Hwee
Yong Kah Hwee
Level 8. Wizard
Updated on 07 Jun 2019

I'm giving 15% of my take home pay to my parents. will be increasing as my parents get closer to the retirement age

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Serene Toh
Serene Toh

14 Nov 2018

... that’s close to my amount. Actually did increase it bit by bit yearly previously but after buying my own house, I can’t increase the payments further.

I gave 10% of my take home pay to my parents. It really depends on how much they need for their daily expenses and how much you could afford.

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Andy Sim
Andy Sim
Level 7. Grand Master
Answered on 25 Feb 2020

About $500 per month. Increases if my pay increases as well. This is just an yi si yi si only since they do not need my money to survive, more for filial piety.

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Walter Peter
Level 2. Rookie
Answered on 25 Feb 2020

No limit because I am not employe I am a bloger and my site on tennis shoes give me a handsume amount of money so I try to fulfill all needs of my parents.

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janedoe
janedoe
Level 4. Prodigy
Answered on 25 Feb 2020

I currently give about 20% of my take home. Both my parents are working and have rental income.

After they retire, they will also have dividends from shares and their CPF payouts so now the amount is sufficient.

Of course we shouldnt be calculative with what we give our parents as theyve given us so much more than we can ever repay.

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Geraldo L.
Geraldo L.
Level 7. Grand Master
Answered on 25 Feb 2020

I'm giving a fixed amount, which i find reasonable to help them cover part of their expenses. Once they are retired i hope to increase this amount since it will then become one of the primary sources of their income.

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Rais M
Rais M
Level 7. Grand Master
Answered on 25 Feb 2020

Sometimes I wonder if we turn the questions the other way round? How much money our parents gave us when we were younger? I think they literally gave as much as they could.

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Serene Toh
Serene Toh
Level 6. Master
Updated on 07 Jun 2019

Good question. I also wonder if I’m giving too little but can’t afford to increase currently. Luckily they have no debts, some retirement payouts and I have other siblings that also chip in.

Maybe you should work out your finances to understand your min expense and then discuss with your parents if they need your help.

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Serene Toh
Serene Toh

13 Nov 2018

Just realise there is a similar question https://seedly.sg/questions/how-do-one-portion-out-savings-and-giving-your-parents-allowance-money-monthly-if-one-earns-1-9k-before-cpf