Quote:
Originally Posted by activeStick
Similar to the other thread, interested in seeing what people do or plan to do, if at all to "give back" to their parents if / when they are able?
I've been giving my parents essentially an allowance since I started working full time after graduating university. They aren't struggling but definitely aren't rich, and growing up, father worked two jobs while my mother worked one to pay for things. My parents are immigrants (I was born here) and neither have education but made up for it with work ethic.
We never struggled financially growing up but definitely did not live lavishly and parents while they have savings, didn't invest.
They're now 68 years old, have their various old age pensions and retirement things coming in each month with their house paid off and spend very little every month (they also both work part time because they apparently "got bored" when they tried stopping), but I give them $400 each month (reduced from $800 after their insistence!) to use for things like the two of them going to eat out whenever they want or buy random things like new furniture etc.
I'm single with no kids and I'm sure that factors into whether or not people (married and with families) provide any sort of financial help to their parents. I would love to continue with the allowance when I get married but can see that being a possible issue as expenses explode with wife, kids, etc.
Just curious as the other thread made me think of this...
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Good for you for helping your parents have a better retirement. When they are gone, there will be no one who will ever love you as much as they do, and what you have done will ease your sorrow.
I think there are many ways you can reward your parents for their past sacrifices, in addition to, or apart from money:
1. Live a good and honorable life.
2. Try to live up to your potential by making them proud of you.
3. If you are married and have kids, share your life as much as possible with them.
4. Help in any way you can to assist them when their health fails.