Supporting your relatives financially can be a burden on your own finances. Xolani Sithole explains how to take care of your loved ones and also secure your own financial future. He reminds us that the reason for “black tax” is to “flatten the poverty curve”, and not to provide your family with all the luxuries they may want.
Xolani has practical advice about how to make your dependents eventually independent, and how to hold regular “budget meetings” with all your dependents to make sure their support is adjusted as their and your circumstances change.
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