Black tax is a term used to describe the obligated financial support for family members.
Most young African working class men and women have to provide for their families every month, outside of their own living expenses. Black tax is derived from the obligation of employees to pay tax to the South Africa Revenue Services.
Most young people have took to social media to raise their concerns and described black tax as manipulation and forced obligation by parenst to receive a portion of their children’s income, especially during the festive season.
Here is how you can tackle black tax this season:
Make yourself and your finances a priority
One cannot pour from an empty cup. If your financial situation is unhealthy, do not borrow money from umashonisa to provide financial support.
Be honest
Open and honest communication about expectations may help. The festive season may be the best time to sit your family down and explain what you can and will not provide as the new year starts. Do not fall into abantu bazo thini manipulation by family members if you do not to finance their luxury lifestyle.
Be prepared for emergencies
Most providers have a savings fund for emergencies, but do not allow to be pressured if you have not saved enough.
Set goals and deadlines
If you are providing financial support to help a family member complete their education, make it clear for how much and how long you are willing to pay for their education.
Encourage financial independence
Help your family to budget and use money wisely. Seek a professional financial advisor.
Establish some ground rules
Communicate your commitment, expectations, and their role when you provide them with financial support. They have to be accountable for their actions.
