Personal Finance
Here’s How Much Monthly Allowance Singaporeans Give Their Parents
By Seedly  •  August 10, 2021
“How much do you give your parents every month ah?” This was a question a couple of my friends and I had when we first graduated and got our full-time pay. Yet it was a question that has always been answered sheepishly, as if the amount that is mentioned is directly correlated to our level of filial piety. With many of us being brought up with the mindset of giving back to our parents once we start earning our own keep, giving parents an ‘allowance’ is a common form of gratitude for raising us. Source: Adam Simpson | AARP Something that is probably deeply entrenched in our Asian roots as well. However, as money is sometimes a touchy topic to be discussed among our peers, some of us might be curious about the ‘market rate’ for the monthly allowance to be given to our parents. Besides being able to seek answers from our community, there’s now a survey for us to refer to as well!...
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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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