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Are adults really not supposed to financially helps their old parents? (sopuli.xyz)

submitted 3 days ago* (last edited 3 days ago) by Tracked@sopuli.xyz to c/asklemmy@lemmy.world

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I've seen clip of that financial advice show "The Ramsey show" on YouTube and the things that old man say are shocking to me. According to him I shouldn't give a single cent to my parents... That's so against my culture. I would be seen as downright evil if I do that.

Hell I'm unemployed for like a year by now and still sent 200 euro a few months ago to my father that still lives in my home country that I haven't seen in 17 years.

Are you really Americans like that? Don't get me wrong, I don't see it as cold hearted but I see it as unnatural, and I'M a "socialess" cold person in essence.

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[-] Hazzard@lemm.ee 2 points 3 days ago

Mmm, excellent addendum to my proposed changes. 1000$ is better than nothing, but it hasn't really kept up with inflation, and circumstances really change things. For example, if you have a house, the potential opportunity and cost of an "emergency" goes up immensely.

But yeah, for us personally we pretty quickly went up to a 2000$ emergency fund, despite the relative stability of renting and driving a fairly new car. We'll be working on our 3-6 month expense emergency fund soon. I definitely think it's better to view the baby steps as flexible guidance on a starting point, rather than the concrete law they frame it as.

[-] fadedmaster@sh.itjust.works 2 points 2 days ago

Congrats on making it that far! I'm sure you'll have a fully funded emergency fund before you know it. I hope no emergencies come up while you build it, but if they do, don't let that discourage you!

this post was submitted on 16 Sep 2024

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