My dad gets a pension of over ₹90K a month and his assets total more than ₹8 crore, but he never wants to spend any of it and he also disapproves when I spend MY own money.
I earn about ₹86K take-home, gross around ₹1.3 L. Whenever I try to make any changes at home, he flatly says "kyu faaltu ke kharche krte ho". I understand saving is important, but these things are also necessary. It's really frustrating. I just started earning and I used to think maybe he just didn't like me using his money, but now that I earn on my own he still objects when I spend my own. It may not seem huge, but it makes the house feel toxic.
I faced the same issue. I dealt with it by buying a nearby property.
Who knows, bro, why your dad is like that.
It could be a generational and personality gap. Just spend on yourself and don't feel the need to explain it to anyone.
That's just a generation gap. Our parents grew up being told to save first, while we're told to save what's left. Don't blame him, OP - this mindset is why he has an ₹8 crore net worth.
It's a scarcity mindset - people raised in that environment often fear losing everything, so they avoid spending.
This is the issue with many Indian families that have built substantial wealth, especially the older generation. Saving is so deeply ingrained that quality of life often takes a back seat. Finding a balance becomes tough.
He's right. Most people can earn up to around 40 years old in the current scenario unless they run a business. Build a solid portfolio, have a backup, then enjoy life.
He probably worked really hard and his parents may have been poor. Your dad doesn't see money just as cash; he sees the struggle behind it. Whenever he looks at money it reminds him of the hardships he endured. I see this every day at home. I might sound a bit boomer, but it's true - you and your dad have different views on money.
When he has assets over ₹8 crore, you really need to listen to him.
If there's a disagreement, talk it out and try to understand why he says what he does and what his thinking is.
Sheikh Zayed, founder of the UAE, said:
'Difficult times make strong men. Strong men create easy living conditions. Easy living breeds weak men, who bring back tough times.' Think of that in financial terms.