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Wednesday, August 10, 2022
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GIRL’S PARENTS SPEND $14,000 EVERY MONTH, THEN EXPECTS AN ALLOWANCE

A girl shared a story online asking if it is wrong for her to give her parents little to no allowance when they her parents are earning a total combined income of $14,000.

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She added that she paid for her University fees herself without any help from her parents and as soon as she graduated, her parents passed her bills and insurance for her to pay which amounts up to $2,000 a month.

She is currently earning $5,000 and still has to set aside money to save up or her upcoming BTO and also for future retirement needs.

Here is her story

“Is it wrong if I do not give my parents any allowance/ if I give very little (~200)?

I am from a slightly upper mid-income family, (my parents have a combined monthly income of around 14k++). I have recently graduated from Uni and landed myself in a job that pays 5k monthly.

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As soon as I graduated, my parents passed bills and insurance for me to pay which sums up to about 2k monthly).

On top of that, I will have to save up for the down payment of my upcoming BTO (~40k) and uni tuition fee loan which cost around 24k++ in total, since I did not get a scholarship and they did not set aside a sum for my university.

Additionally, I am planning to save some money for their retirement/ put the money into their CPF as they do not have any savings besides CPF from work.

My dad will be retiring soon and he contributes a huge part of the income. Hence, they will have to rely on me to provide for them.

Currently, their income is mostly spent on luxury items for my mom and eating expensive food.

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I understand I have no say in how they spend their money but my mom demands 20% of my income.”

Image source: Unsplash

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