Personal Finance
Do you give allowances to your parents | Why I give & is it really necessary?
By Singaporean Talks Money  •  October 13, 2022
After starting work, most of us would want to bring our parents out for a good meal and for some, maybe start giving them a monthly allowance. Of course, this differs as every family and individual is different, let’s talk about why Asian or maybe Singaporeans feel a need to give allowances to their parents. Singapore VS around the world, proportion of children living with parents In Singapore, I would say a good proportion of children do stay with their parents unless they have a significant other to apply for a BTO or have enough finances to buy a private property before age 35 to move out. To get public housing as a single in Singapore, you have to be 35 years old and above unless there are some special conditions but for private property, there is no age criteria. For most individuals who are single in their 20s and 30s,...
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By Singaporean Talks Money
I am currently a 23 year old university student in SIM. I hope to be able to grow my money and see the power of compound interest. I became interested in investing when I took a gap year and worked full-time. I realized that by just saving, it was very difficult to achieve my financial goals hence i read up on investing.
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