{
  "id": 18621195,
  "title": "Ankur Warikoo shares 3 money rules he follows for his retired parents",
  "url": "https://urgent.news/2026/11/07/ankur-warikoo-shares-3-money-rules-he-follows-for-his-retired-parents",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-11-07T02:34:40.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/life-style/parenting/moments/ankur-warikoo-has-revealed-three-financial-rules-he-follows-for-his-retired-parents-from-a-fixed-monthly-transfer-and-travel-support-to-replacing-their-phones-every-two-years-without-telling-them-the-price/articleshow/135604655.cms"
  },
  "original_language": "en",
  "account": "Entrepreneur and content creator Ankur Warikoo has outlined three financial rules he and his wife follow for their retired parents. In a video shared on Instagram, Ankur explained that these rules aim to provide financial support while allowing their parents to enjoy their money and make their own choices.\n\nThe first rule is that the couple pays for their parents' travel, enabling them to visit places they wish to see and travel with whomever they choose. Ankur emphasized that this allows their parents to enjoy traveling without worrying about the expense.\n\nThe second rule involves transferring a fixed amount into their parents' accounts on the first day of every month. This provides the retirees with a monthly expense allowance, which they can use to make purchases or manage their finances as they see fit. Ankur highlighted that the money is theirs to spend, granting them the freedom to handle their own expenses without needing to ask for permission or justify their choices.\n\nAs for the third rule, Ankur and his wife replace their parents' phones every two years, without consulting them about the purchase. The couple jokingly mentioned they would never tell their parents the real price of the new devices, suggesting that the parents might hesitate to accept the upgrade if they knew the cost. Regardless, the regular phone replacements ensure the retirees always have a functional device, addressing a practical need they might otherwise delay addressing.",
  "summary": "Entrepreneur Ankur Warikoo shares his approach to supporting his elderly parents financially, emphasizing the blend of assistance and autonomy. He sponsors their travels to destinations they love, provides a regular monthly allowance for their expenses, and upgrades their mobile phones every two years. This balanced strategy showcases how financial help can also empower parents to maintain their…",
  "key_points": [],
  "editors_take": "Structured financial support through fixed allowances and pre-planned upgrades shifts the burden of decision-making to adult children to ensure retirees maintain autonomy and access to modern technology.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}