What is the appropriate amount to give to daddies in Hong Kong during Father’s Day?

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    16th June 2024 – (Hong Kong) Father’s Day is a special occasion for many to express gratitude towards their fathers by providing household expenses. However, the question arises: are we truly meeting our parents’ financial needs on a regular basis? According to a 2019 survey conducted by Sun Life, approximately 67% of retired parents and 73% of working children believe that providing “household expenses” is an essential duty. The survey further revealed that the median amount given by children as “household expenses” is around HK$6,000. If the amount exceeds this figure, it can be considered relatively generous.

    It’s important to note that each family’s circumstances differ, so how should one calculate household expenses? Some internet forums have compiled a “household expense” calculation table that assigns a monetary value to various aspects of familial support. By summing up the amounts for each item, one can determine the total “household expenses” to be paid.

    These calculations, however, should be taken as a reference rather than strict guidelines. The decision of whether to provide “household expenses” ultimately rests with individuals, and there is no definitive notion of what constitutes too much or too little. The paramount objective is to convey heartfelt intentions and appreciation for our parents’ efforts.

    Consider various scenarios to understand the factors influencing household expenses. For instance, if parents have consistently provided sufficient pocket money from childhood, enabling their children to enjoy meals at McDonald’s after school, an additional amount of HK$1,000 might be considered appropriate.

    Furthermore, some parents willingly incur extra expenses beyond the necessities, such as enrolling their children in interest classes, extracurricular activities, or exchange programs. In these cases, an additional contribution of HK$1,000 might be expected.

    During festive occasions like Chinese New Year, parents often purchase new clothes and shoes for their children, while also gifting them on regular days. An extra HK$1,000 could be allocated for such expenses.

    Childhood red packet money, which can be withdrawn and utilised during adulthood without parental control, might be assigned an extra HK$1,000.

    When it comes to financing university education, parents who support their children financially, even while they have part-time jobs, may contribute an additional HK$1,000. This demonstrates their care and concern for their children’s well-being during their university life.

    If parents have consistently maintained a reasonable approach and rarely discussed financial matters, indicating a healthy relationship, an extra HK$1,000 might be considered appropriate.

    Other factors, such as living under the same roof, having dinner at home, providing packed meals, exemption from household chores, and not having to bear expenses like water, electricity, media, internet, and telephone bills, could each be assigned their respective monetary value as determined by personal circumstances.

    In conclusion, the calculation table serves as a helpful reference, but the decision to provide “household expenses” remains a personal choice. There is no strict dichotomy of more or less. The crucial aspect is expressing sincere gratitude and appreciation for our parents’ efforts. It is essential to take into account individual family dynamics and financial situations when determining the appropriate level of support through household expenses.