Allen Lim

I use this blog to communicate my thoughts. I welcome your comments. (Email me at allen.chfc@gmail.com)

Wednesday, September 27, 2006

Giving to parents?

In my professional observations, many people do not give part of thier income to parents. Some give only a token. Only a minority provide meaningfully to their parents. Among the common reason is that income earned is not sufficient to maintain own family life-style, how to give?
I disagree. It boils down to character and discipline.
One ought to have the character to realise that "we are financially poorer than we think". Earning an income in Singapore is not easy. Therefore, it is not necessarily to own a car, the private house, and eat out everyday. I have observed most people is willing to spend $1000 per month on car, but when it come giving to parents, $200 is "difficult to carve out".
One ought to have the discipline to do a budget and implement it. With a budget, you will find ways to "squeeze" extra cash for your parents. For example, if you skip lunch(assuming $5 per lunch) everyday (or just have an apple), you will have extra $150 per month to give to your parents. I have good news for you. In Singapore, no matter how we "diet", we will still end up over eating. Therefore, by skipping lunch, you will definitely not die, you will end up healthier, your parents will be happier(because you are able to give them more), and for the men, this is a good excuse to avoid buying drinks for lunch partners.

2 Comments:

  • At 14:16, Blogger ericonnect said…

    I agree to agree with you, Allen

     
  • At 09:58, Anonymous Anonymous said…

    this space is supposed to be 'post a comment'. But I have got no comments, how ? Then should have a box for 'no comments.
    TC (Terche/Terence Cheong)

     

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