How much $ do you give your parents every month?

[alwaysnforever]

i give my mum and aunt 400 combined each month. I pay for car parking charges as well. So total close to 500? Take home about 2.8k

[Hermit]

Sometime thousands. Other times nothing.

[Nimbus]

I'm surprised that people can give >20% of take home salary to parents. My current pay is quite low and my HDB is coming in 3 years time. More than half of my salary goes to house and after deducting the necessary expenses and allowance, I'm only left with $260 to save a month. I mean, when people gave so much to parents, how do they save for their future where everything is so expensive?

Originally Posted by Nimbus

I'm surprised that people can give >20% of take home salary to parents. My current pay is quite low and my HDB is coming in 3 years time. More than half of my salary goes to house and after deducting the necessary expenses and allowance, I'm only left with $260 to save a month. I mean, when people gave so much to parents, how do they save for their future where everything is so expensive?

That’s because they only list down what they give but not what they take mah. I have a colleague who give $1k to parents every month, but basically use her mum like some full day babysitter.

Couple stay at parents place Mon – Thur, dinner provided by mum. Bring son to school, buy toys, feed him lunch etc. all done by the mum. And because her dad retiree already, so she and husband happily help themselves to the car on most weekends and some weekdays. You tell me 1k is a lot or not!?

Originally Posted by Nimbus

I'm surprised that people can give >20% of take home salary to parents. My current pay is quite low and my HDB is coming in 3 years time. More than half of my salary goes to house and after deducting the necessary expenses and allowance, I'm only left with $260 to save a month. I mean, when people gave so much to parents, how do they save for their future where everything is so expensive?

You better start saving, do some investments or do something to get that coveted promotion and salary increment my friend.

Because once you have a baby, you will be working your ass off. You will be working on weekends (if your company allows to do OT on weekends) just to make ends meet. That's what i"m observing right now.

I assume you just got married or getting married soon. I assume that because you mentioned "my HDB is coming in 3 years time". Most of my friends who just got married or getting married keep saying that their HDB is coming in 3-4 years time. Correct me if i'm wrong.

[Nimbus]

My pay is low because I'm bonded to the current job. But after leaving next year I will have a better pay for sure. Savings wise I've been doing it since young, just that now have to save even more for the house. Working weekends is fine with me. Baby... not so soon yet. At least not for another 5 years. I'm still young.

I give around 400 per mth on average, but my parents are fairly well off with a business that generates good income. I do not stay with them and on my own supporting my 2 kids and wife who is not working. But i do feel its too little and plan to give them more but they don't want to take. My monthly take home is close to 16k.

About 4 dollars each.

$4 for a packet of wanton mee a month for my mom and $4 for a bundle of hell notes for my dad

i graduated recently and just started work. my take-home is about $3.5k and i have no liabilities so i give my parents a total of $1k each month. part of it goes towards paying them back my uni fees i guess.

[phd wannabe]

I give about 10%, and half goes into their cpf top up relief to alleviate my taxes =)