Tag Archives: Grandparents

Will we have enough for our own retirement if CPF lowers the prerequisite for us to make more transfers to our parents/grandparents?

Last time, our grandparents and parents do all sorts of jobs on top of their day-to-day job to survive, and yet are able to raise so many kids, and still live happily as a family. Now, you see many people working long hours on their one and only job, at the expense of family time, and complain so much that prices are just too expensive to start raising kids. Those whose jobs are not that high paying, will struggle to save enough money to even start a family. Some people work too long hours, in the end, marriage affected and divorce occurs.

I am raising this issue for everyone's awareness, especially for those with elderly parents or grandparents using smart phones. My 70-year old mother uses a non-smart phone, subscribing to Singtel’s voice call only plan (3G Classic 100). On 5 Aug this year, she tried switching to a new smart phone and inserted her SIM card into the new phone. Unknown to her, the data roaming function in the new phone was activated and she ended up using 50MB of data. Singtel is billing her $256.50 for the 50MB of data usage.