I have started writing a PF blog 2 years ago and then I discontinued it. Being born in India, our culture is much different from here. In the US, you grow up and you live your own life but in India we grow up and we live others life too (Others meaning our parents our siblings etc.) Though I am honored to be given an opportunity to give back to my parents what they have spend all their lives giving me, I become frustrated sometimes because these keep me from attaining my own financial goals. I love my parents and they mean more than anything in this world to me. When I was 3 or 4 years old, I used to always tell my Mom and Dad that I will take care of them when I grow up. My parents have given us a good infact wonderful life. They bought us whatever we wanted even if that meant sacrificing their needs which was always the case. I still remember that time when my Dad gave my mom 5000 rupees to buy a sari and my Mom bought three of us new clothes for a festival. One way I figured out to handle this problem is to re-define the word ME. For now, it includes my Parents and later my husband once I finish my commitments towards my parents. Below is what I am planning to do for my parents:
Arrange investment money for my Dad: $ 10000
Buy a car for my parents : $ 8000
My previous plan also included constructing a house for them, but my lovely Big B-I-L took over the responsibility. I am glad he is part of our family.
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I know what you mean by supporting your parents. While they have always told me to look out for myself first, their actions always prioritize myself and my brother. Since I'm working now and not financially dependent on them, I want to be able to contribute as much as I can.
Eventually I'd love to be able to buy them a house-- and more importantly, take care of their healthcare bills as they get older since the US system is absolutely atrocious.
It's great that your BIL is helping out too!
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