How do you help your parents financially when they dont ask for help and are not doing badly, but you realize that due to COVID their income stream has been affected? My parents are retired and live a comfortable life, but recently their income stream from rental apartments has been impacted. My parents have never taken any money from me,I always had to wing it as gifts, but this time I really want to financially support them. Anyone faced similar situation?

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Transfer cash into their account n don’t tell them. If they yell and say take it back, then throw some nonsense about transfer fees and then play emotional card and try to get rid of conversation 😊 at least mission will be accomplished

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Thank you! Your response made me smile because you captured the situation so well. I have reserved this approach as last approach if talking doesnt work, which i am almost certain wont work with my parents!

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Offer to take on a bill or a few. Pay for the phone plan, send them cash for takeout, and other things like that that you can justify. I have taken to overpaying mine for small favors and ordering them things I know they need on Amazon without a word.

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RSM1: This made me smile. Our parents are so adorable as they age!

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Have an open conversation. Asians are really open about money. You will need to eventually help them. Better to be open about this.

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I wish my parents would be open about financial troubles to be honest! It would save me and my brother a lot of guesswork and spywork as well. Unfortunately, they are old school and the moment we open our mouth in past to offer help, we have been reprimanded and told they will ask if needed, which till date has never happened!

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