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

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Asked by Anonymous

Asked on 13 Nov 2018

How much money do you give to your parents?

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Kh
Kh
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.
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