For the sandwich generation, caring for loved ones often means balancing the needs of young children and ageing parents. (Envato Elements pic)PETALING JAYA: Your parents need help with medical bills, your children have school expenses, and somewhere in between, you’re saving for retirement.
The sandwich generation - middle-aged individuals supporting ageing parents while raising children - can feel pulled in several directions as they try to meet everyone’s needs.
Speaking with FMT Lifestyle, licensed financial planner Goh Chee Keong, 49, said managing these competing demands begins with understanding your commitments and setting priorities.
Being realistic about what you can afford, he added, helps you support both generations over the long term.
