If you’re part of Singapore’s “sandwich generation,” you already know the challenge. You’re raising children on one hand, while also supporting your parents on the other. It’s a beautiful act of love, but it can also feel like a heavy load.

Here’s how you can make that balance a little easier.

1. Talk Openly as a Family

Many of us avoid tough money conversations because they feel awkward or uncomfortable. But assumptions often cause the most stress.

Set aside time to talk with your spouse and parents about expectations:

• How much financial support is needed?
• What role does each family member play in caregiving?
• Are there government grants, schemes, or insurance that can help lighten the load?

When everyone is on the same page, the pressure becomes more manageable.

2. Protect with the Right Safety Nets

Unexpected costs — medical bills, job loss, or sudden emergencies — are often what break families financially. The best way to handle them is to prepare before they happen.

This includes:

• Emergency savings of at least 3–6 months of expenses.
• Insurance coverage for healthcare, critical illness, and dependents.
• Reviewing policies regularly to make sure they still fit your needs.

These safety nets aren’t about fear. They’re about protecting your peace of mind.

3. Don’t Forget Yourself

It’s natural to prioritise your children and your parents. But if you neglect your own retirement or long-term needs, you risk repeating the cycle with your children later.

Even small, consistent steps — like setting aside a portion of income for retirement investments — can build a strong foundation. You’re not being selfish; you’re making sure your kids don’t carry the same burden in the future.

Final Thought

Balancing two generations is no easy task. But with clarity, honest conversations, and a structured plan, you can provide without burning out. Remember, caring for yourself is also caring for your family.