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Need your view on my decision
July 3, 2013
6:28 pm
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Jhon
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July 3, 2013
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Hi All,

 

Let me give a background about my family setup. I am the first son and i have 2 brothers. From last 9 years i am providing financial help to my family to meet their monthly expenditures since my two brothers had not yet started earning.

As per current situation, my first brother has a job from past 4 years , he lives in a separate house in some other city and the second brother has just joined the job 2 months back and he stays with us.

 

I am earning 70K rupees(India) per month and my expenditure break are as below

About 14% (10K) i give to my family and around 26%(18K) i pay for my home loan. rest is my saving and other expenditure. The percentage break is same from last 9 years.

 

Now let me explain my problem.

The home is in my dad's name and since i was settled at the time we took loan around 5 years back , loan payment was put on my sholders(As elder son should take the responsibity).

 

Its been 5 years now and i am thinking about improving my savings and plan my future as i am married now and expecting child next month.

 

I am planning to discuss with my parents that going forward i would either give 10K/Month for family expenses or pay home loan(18K/Month).

 

I request your views about my decission. Am i playing hard with my parent\family ? either one of this decision will make my mom\dad feel bad about me since i was good for all these days by doing whatever they said.

July 4, 2013
3:55 am
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onedaythiswillpass
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Jhon,

it is hard for me to understand your problem because the way I was raised, I pretty much just left my parents home as a teenager and did my best to look after myself.  My parents did not help me financially, nor did I help them.  I think your decision is a good one, and I feel your parents should understand because from what you disclose, you have done all that you could do to support the whole family.  Now I feel it is time for you to only need to take care of your new family.  Perhaps, if your parents cannot afford to live without your financial support, they will need to ask for assistance from your other two brothers.

 

One Day

July 5, 2013
5:42 pm
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Jhon
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Dear One day, Thanks for your suggestion.

July 6, 2013
5:59 am
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onedaythiswillpass
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You are welcome Jhon, &  I wish you the very best of luck!

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