As a new graduate(Like me!), it can be overwhelming to balance your own financial needs with supporting your family. One question that may come to mind is what percentage of your salary should be given to your parents.
This is a difficult question to answer since it is difficult to strike the correct balance between taking care of your personal financial requirements and helping your family.
Before determining this amount, it's crucial to make sure you have enough money for your own necessities such as housing, food, and transportation. You don't want to compromise your own financial stability by giving too much to your parents.
Once your own finances are secure, you can consider how much you can afford to give to your parents. While there is no definite answer, some experts suggest giving anywhere from 10-20% of your pay. This amount can vary based on your financial situation and the needs of your parents....