Personal Finance
Why I Regret Not Giving My Mum an Allowance
By Seedly  •  November 20, 2020
Do You Give Your Parents Money, Like an Allowance? The practice of giving your parents a monthly allowance has been in the Asian culture since god knows when. This was a tradition that was passed down for generations, where parents worked hard to raise their children towards a certain level of financial independence and reap the rewards they sow. Source: Pinterest As time goes by, this particular act of demonstrating filial piety is currently being debated in modern societies such as that of Singapore. The Awkward Phase How much allowance should you give your parents? Is giving the allowance in form of money the most efficient way to exhibit filial piety? As our parents go on and engage in conversations with their friends these topics, the amount becomes a benchmark for how filial you are. If the amount pales in comparison, your parents technically lose their bragging rights to how successful you are in your career too....
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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