Financial Management

Dad was saying that I was spending too much money, in fact much more than him. I beg to differ. Even though the credit card statement shows that I spend much more than him, it is only slightly more than him this month.The reason being I had to pay for my ICPAS and ACCA fees which took up a substantial portion of the bill.

I didn't want to tell him off as he is after all my elder. Being single has its perks. I am not against marriage though as I feel that I am of the view that a person should have his own family to be complete. Right now,I am just happy that I got this job that has enabled me to save a fair bit in just during the short time frame I have been working here. In fact, although I was being cheated a certain sum of my money, I was still able to assist my aunt with her financial diffcuities recently with a substantial sum. Mum was certainly surprised that I was able to fork that amount on short notice.

Besides savings, I can be proud of myself that I have continously given my mum a monthly allowance which makes up a quarter of my net pay. I don't think some people can even do that.

What can I say about my dad? He went to sign those timeshare agreements blindly. He could spend about 65% of his net pay himself. This is the reason why the monthly allowance is managed by my mum. Because I believe she is the best person to manage the family finances.

I think he is trying to hint something about the finances if I am settling down. I am not going to get a single cent of sponsorship from him if I am settling down.

I felt like telling him I save better than he do as I study accounts and I managed by my expenditure wisely. But some words are best left unsaid as he is my elder. We must respect the elder in an Asian society.