I have several family members dependent on my salary, how can I encourage them to be responsible with money?

It is important to discuss your financial goals with your family members so that they understand the limitations of the support you can send back home. Tell your family that saving for the future means you can go home sooner! Work as a team to save for your goals. 

If there are unemployed members in your family who are able to work, encourage them to find productive paid work. If your parents are too old to work or if you have young children, involve them in your financial planning by having them take responsibility for their own expenses. That way, they can learn about spending wisely and how to live within the means you have budgeted for them. Remember that when it comes to family, money or gifts do not replace your love. If the request is not a ‘need’ you can say ‘no’. 

Attend our Money and Family workshop to learn about how to talk to your loved ones about finances.