Guys lol no need to get so worked up...yup agreed that i'm lucky to have no liabilities (as mentioned by someone) but that's only for
now.
My parents' stance is that while they are still financially able they want me to save as much as i can for myself, which is also why i'm asking. Of course some of the money i put aside today will go to them as well. All things considered, i'm really just checking if i'm doing okay with the sum at hand, so dont have to judge me for "showing off" or "being selfish" lol you guys are misconstruing my intentions here.
Main point is to get a good sense of how people are coping and using shared anecdotes as a point of reference for my own learning as well. As for the insurance plans, yes i will take over and pay my own premium soon. But background is my dad used to be from insurance field so he's happy to settle everything in the meantime until he thinks im ready to take over.
As people share their liabilities, it also helps me plan better on how i can better portion my savings in future when I have my family and liabilities to settle. Seeing some of your posts, I also will use it as a good rule of thumb on how much $$ to give my parents too!
And just to be clear, we all split the household utilities and groceries so i dont let my parents absorb all the burdens too. Any time they need me financially i will be there.
Thanks for sharing guys!