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How best should we assist aged parents financially?
- Thread starter Fidelia
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I give my parents a share of my earnings. I also help with their groceries. And if there is a special occasion, I volunteer to pay for their meals. I can't give them much, no matter how much I want to, because my current online job is unstable. This is why I am working hard to get a better-paying job that will allow me to meet all of their needs.
We must support them as much as we can, because when we were small they look after us and taken good care of us. They were also facing limitations, sometime they were not paid but they given us their food. So we need to takecare of them as much as possible.
This responsibility is not easy on young people. We have to do it still. When I sense my parents have needs, I send them money but I thank God it doesn't have to be a regular thing because my parents have monthly pensions they can live on.
We just have to support to the best of our abilities. No matter how we look at it at least supporting monthly is okay.
Aged parents cannot run a business efficiently so they have to supported financially. Those children who can't their parents lead a wretched life.
King Belieal
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Aged parents should have a pension and the kids would just throw in a little financial support to add to their pensions. The kids also have to build a financial life for themselves.
I think the best thing is to take care of our aged parents. We should therefore provide them with whatever they need financially because they first took care of us.
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The real burden happens when the children only count on humble jobs very poorly paid. It was an ordinary southern European mishap during my great grandparent's age. Married people having many children had to support not only their aged parents, but also their aged unmarried or childless uncles and aunts. They usually were farm laborers, very ill paid and zero workers' right at that time. No welfare existed. Usually, children lived a miserable life, forced to skip even primary school cause lack of their parent's money because schooling in south Europe was shamefully expensive and specifically dedicated to rich and wealthy people.
It depends on their choice. But opening business for them helps them to remain active and interact with people. Opening business for them help them communicate with people and they will not feel their life is over.
eLdavis
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It depends, if they can handle a business I think it would be good. The business would keep them busy and active which would reduce the rare of depression and also act as a from of exercise. Setting up a business for them does not stop you from sending them something once in awhile.
I started earning my own money a long time ago, and so much so that I don't need my parents' help, and I can help them myself, but they simply refuse everything I want to help them with
King Belieal
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Maybe your parents have a relationship with mine. My dad has never accepted any amount of money from me. I buy foodstuff and take to the family house occasionally. But it gets worse when you have parents that depend on you. Even my grand mom that is 70 + earns her own money and doesn't need any child or grandchild's money.
We can do that by ensuring we provide for them the best we can ever. That's because these people have really worked hard and retired.
