In my culture, it's expected that once children have a stable job, they will help contribute back to their parents and send money back.
My parents are very responsible financially and secure and have no need for additional money, so I know and trust that they aren't using it irresponsibly or for their own benefits. However, it's expected culturally to give back and I personally have no problem with it.
My parents say an added benefit is since they have no need for it, it'll keep them less worried about me financially as they'll know at least some portion of my salary is going to "savings" (in the sense where they will act as financial stewards of whatever I send them).
I'm not sure how much to give to my parents. I feel like I could make better use of my money than giving it to my parents who'll put it in a savings account (ie. I could put it in investment funds), but I'm not sure how to approach this situation with my parents. In addition, if I give too much, it'll set the standard against which they expect similar amounts in the future. If I give too little, they may feel insulted that I'm giving them so little knowing I can afford to give more.
What's the best course of action?
Submitted July 01, 2017 at 01:00AM by insert-relevant-user http://ift.tt/2tAehL9
