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Looking at just the ROI. flames welcome.
all figures are estimates.
from parents for one child:
food and neccesities 25yrs x 12 mths x 300 is 90k
education local dip 8k + local deg 25k is 33k
total 123k
from child to parents:
allowance frm childs age 25-50yo. 25yrs x 12 mths x 800 is 240k
allowance frm childs age 50-75yo. 25yrs x 12 mths x 500 is 150k
total 390k
ROI 317%
Newbie
haha, u not parent right?
the parent for one child figures not rite lah, but not gg into details
heartpain oneenough to pay 40% for another rcr apt liao
Originally Posted by carbuncle
if you dont't own any property, you're short. take cover quickly
Junior
Parent to child-- secured payment and expenditure
Child to parent-- unsecured ROI .. Principle also not secured !
Junior
this one bo bao wor... buy ppty minimum can maintain value (dun talk about appreciation).. this one.. wait they still need you to feed them after graduation how?
Junior
Thats for normal parents. Nowadays kiasu parent must buy property for child lah, buy car for child lah, move within 1km of whatever school and buy overvalued property so that child can go into elite school lah, enrichment class A to Z so that child can have headstart lah, expensive toys lah, expensive holidays lah, send for overseas studies lah. All these not factored in. Not only money losing, I think in the end the parents forgot they have their owns lives and dreams as well. Its sad when some parents open their mouth got nothing to talk about, no interest nothing - everything is about their children. Even buying property is becos must be near school and not their ideal dream home. Depressing.
Junior
i must be the one and only parent who is moving from within 0.9km of pri sch to >2 km away.
Newbie
I am a mother. I am willing to give anything to my children and do anything for them. In return, they make me happy in their special ways. If you give me all the GCBs in Singapore for exchange of my children, I am sure to kill you. I believe most parents share the same feelings for children. I do not intend to argue with anybody, but in my philosophy money is not comparable with children. Maybe this is because my children are not old enough to hurt me. If someday I need their care and support and they forsake me, I will feel the heartpain - but not all children will do that to their parents. Parents also need to get mentally and financially prepared for anything that can happen.
Lazy Bum
I have never calculated how much I spent on my children. I dont even expect them to give my and wife $$ when they start working. To me, children are gift from heaven and I am happy when they are happy. If worked out like that then must have a formula for 1 unit of hapiness = how many dollars
When you have eliminate the impossible, whatever remains, however improbable, must be the truth
Junior
Weird analogy
dreaming a dream
same here.. in all honesty, having kids is a really heavy commitment in terms of time, effort, energy and resources. i too never considered how much i've spent on my kids (but it's not cheap as unfortunately my son is pretty frail and PD/specialist consultations cost absolutely a bomb)...I have never calculated how much I spent on my children. I dont even expect them to give my and wife $$ when they start working. To me, children are gift from heaven and I am happy when they are happy. If worked out like that then must have a formula for 1 unit of hapiness = how many dollars
without kids, i will now still be a swinging bachelor most likely and enjoying travelling, parteeing and such. but with kids, it's a different type of bliss.
never considered the ROI, but hopefully by inculcating the right values in them, they will do what's best and right.. i think that is what most parents will look to achieve too (and not how much they can get back from their kids once they start working!)..
and carbuncle boss, not all kids can give that much in allowance leh. especially when they too start to have their own family and $ woes.. for well-to-do and high earners/landlords like yourself $800 is sup sup water.. but for most working adults $800 in parents allowance is alot (especially when average take home pay for new grads is only ard 2.7k).
Newbie
If it is that simple, then we won't have a declining birth rate
dreaming a dream
nice avatar!If it is that simple, then we won't have a declining birth rateeat me eat me!
Newbie
My estimation is at least 500k per child till they graduate, includes tours, tuition, etc. If overseas degree then at least 750k min.
They will never be able to return us that amount and neither do we expect them to. Just stand on their own 2 feet after graduation , I will be more than satisfied. I am not expecting them to pay me any allowance and neither will I accept it.
dreaming a dream
i will accept it if they do give me.. and keep it aside for them and pass back to them if and when they need it.
tweet @condoexchange
u need god son? lolI have never calculated how much I spent on my children. I dont even expect them to give my and wife $$ when they start working. To me, children are gift from heaven and I am happy when they are happy. If worked out like that then must have a formula for 1 unit of hapiness = how many dollars
tweet @condoexchange
thats y i avg out the same 800 sum unaltered across the productive years. who knows by 40 they earn 10k pm and give like 2k allowance...for example.same here.. in all honesty, having kids is a really heavy commitment in terms of time, effort, energy and resources. i too never considered how much i've spent on my kids (but it's not cheap as unfortunately my son is pretty frail and PD/specialist consultations cost absolutely a bomb)...
without kids, i will now still be a swinging bachelor most likely and enjoying travelling, parteeing and such. but with kids, it's a different type of bliss.
never considered the ROI, but hopefully by inculcating the right values in them, they will do what's best and right.. i think that is what most parents will look to achieve too (and not how much they can get back from their kids once they start working!)..
and carbuncle boss, not all kids can give that much in allowance leh. especially when they too start to have their own family and $ woes.. for well-to-do and high earners/landlords like yourself $800 is sup sup water.. but for most working adults $800 in parents allowance is alot (especially when average take home pay for new grads is only ard 2.7k).
Newbie
Same. No matter what others say, I refuse to accept allowance from my working children.
Lazy Bum
Hahaha... i cannot afford you!
When you have eliminate the impossible, whatever remains, however improbable, must be the truth
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i vedy the low maintenance one leh.... juz gimme some daddy lupHahaha... i cannot afford you!
Junior
mee thinks so. I already saving min 1/4 mil for my future chewren up to local Uni [assume 1x] even though i still singlehaha, u not parent right?
the parent for one child figures not rite lah, but not gg into details
heartpain one
Senior
How to get ROI? We are happy if they are born Healthy and Grow up Healthly, Happily and Successfully. Difficult to put a price tag to all these.
tweet @condoexchange
1x chewren will be boring no? (for the chewd)mee thinks so. I already saving min 1/4 mil for my future chewren up to local Uni [assume 1x] even though i still single
tweet @condoexchange
pls tell that to my mother.
a minimum sum (machiam cpf) is demanded even though we chewren are all jobless.... while she happily sits on over 1.2mil of assets cum equities.... and empties me dad money on the daily and household expenses while she enjoys her regular tours.
Newbie
Just curious if if anyone here willing to spend 1/2 million cash to send your kid for an overseas degree ?
tweet @condoexchange
i rather buy an MM with that and rent out give him all the rental money so he can find whatever occupation that inspires him... without worrying about necessities.
Junior
dunno, living expense so high until i scream ice-cream
Junior
same here. my principle is my job is to provide basic necessities. i will provide a $49 handphone for my kid. want to get iphone, pls work for it. same, will provide local education for them. want overseas? go get a scholarship.
tweet @condoexchange
i think its good practice that i see some young couples newly weds rear a pet like dog or cat together first. if even that cant execute properly better not destroy the life of an innocent chewd.
Newbie
I do not think putting numbers (S$xxxK) on raising a kid helps in anyway or meaningful. There are hundred and one ways to raise a kid. Just spend within mean and shower offspring with lots of love.
Raising a a healthy and independent offspring will gain happiness that no money can buy.
I feels no wealth or thing in the world beats my 3y/o daughter coming to me, kiss me and says "Daddy I love you"...
Junior
Perhaps I am a very big spender on my children. Just had a quick estimation, in the region of $600,000- $700,000 on each of my children including tutions, music, books, and overseas eductions.
Love to my children is unconditional, there is no ROI needed on money spent on them and I don't expect anything in return.
I just want them to be happy and healthy.
The only wish is they spend more time with me when I am old.
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