[18] martyrdom: discretionary spend@kids

Many fellow Chinese parents (plan to) spend /disproportionately/on their kids because .. (hold your breath) they want-to not pressured-to spend.

Chinese parents feel good about /martyrdom/sacrifice/ — saving up and investing on kids education.

Labor of love — However, Some (33 to 50%) of my peers complain and appear to be under pressure to put up such huge amounts, due to peer pressure, and societal expectation like a “norm”.

How am I different?

  • I don’t plan to spend on /branded/ colleges, so there’s a 50/50 chance I won’t start saving until 4Y before college
  • I don’t want to spend on luxury vacations as an glorified “education” — unnecessary, unjustified and too costly
  • I do consider taking lower jobs to spend more time with kids, if effective and worthwhile.
  • commute — I want to spend huge amount to cut my commute so I can spend more time with family and for myself
  • non-academic — I plan to spend on kids’ non-academic pursuits, as Jenny on swimming, piano, coding, camps