If you haven’t read our previous article on “At What Age Should Parents Give Financial Independence to their Child?”, click on HERE to read.
The emphasis on the previous article was really on how parenting mindsets can be changed in today’s day and age. And what better way it is to conclude by now turning the spotlight to US and ask OURSELVES what are the better ways we can give back to our parents as part of “filial piety”.
I believe everyone’s financial situation is different and the strategy you adopt really depends on what suits you and your family best!
1 . Can Traditional Ways be Digitised?
Giving our parents a set sum of money monthly sounds like something a “filial asian son/daughter” would do. And while many of them love the idea of having it in cold hard cash, there is perhaps a better way of giving.