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	<title>DiscoveryFinance.Com &#187; family money issue</title>
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	<link>http://www.discoveryfinance.com</link>
	<description>Discovering Financial Strategies to Build Million Dollar Wealth</description>
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		<title>Do you give money to parents?</title>
		<link>http://www.discoveryfinance.com/do-you-give-money-to-parents.html</link>
		<comments>http://www.discoveryfinance.com/do-you-give-money-to-parents.html#comments</comments>
		<pubDate>Tue, 26 May 2009 03:31:49 +0000</pubDate>
		<dc:creator>Ryan A. Smith</dc:creator>
				<category><![CDATA[Banking & Budgeting]]></category>
		<category><![CDATA[Family & Home]]></category>
		<category><![CDATA[Financial Statistics]]></category>
		<category><![CDATA[family money issue]]></category>
		<category><![CDATA[parents support]]></category>

		<guid isPermaLink="false">http://www.discoveryfinance.com/?p=44</guid>
		<description><![CDATA[I&#8217;m wondering if anyone gives money to their parents regularly. My parents currently at the ages of 60&#8217;s have retired ten years ago with very little savings, so I give them CAD$5000 (Canadian dollar) each month.
I feel obligated to provide monetary support to them, because it&#8217;s my responsibility. My parents spent all their money on [...]]]></description>
			<content:encoded><![CDATA[<p>I&#8217;m wondering if anyone gives money to their parents regularly. My parents currently at the ages of 60&#8217;s have retired ten years ago with very little savings, so I give them CAD$5000 (Canadian dollar) each month.</p>
<p>I feel obligated to provide monetary support to them, because it&#8217;s my responsibility. My parents spent all their money on family, me, and my three elder siblings in the past. I feel it&#8217;s time for me to contribute to the family when I finally settle down with a new career. </p>
<p>However I feel $5000 per month does eat away my monthly income very quickly. I find it difficult to save money. At this rate, I don&#8217;t even think I&#8217;ll be able to retire at age 55, like my parents. Having worked for two years after university degrees, I&#8217;m still living like a student. This sometimes makes me wonder when I&#8217;ll buy my first home or when I&#8217;ll be able to establish my own family. I&#8217;ve never had a girlfriend in my life&#8230;could it be I&#8217;m too cheap, not willing to spend?!?! ò.ó</p>
<p>If you give money to your parents, how much do you give???<br />
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