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Black Tax: Burden Or Ubuntu?

When it comes to black tax there is no one-size-fits-all solution. There's a lot of misconceptions and family feud that surrounds this concept and we have decided to put together an article to delve into some of the issues and give you pointers on how you can make it turn into a beautiful experience.

What is regarded as black tax?

This concept is dominant in black families and is centered around taking care of your family, specifically your parents. It's a way of showing your gratitude to them and all of their efforts they have put into molding you into an adult. What comes to mind when you talk about this term, are mixed emotions. In some families they have turned this concept into a very toxic one that is filed with a lot of pain and it seems like they have captured their kids.

Planning is key

On a monthly basis come up with a budget that is solely going to be dedicated for black tax. It can be any figure that you're comfortable with and that won't make you go broke before the end of the month. There are three steps that you need to undergo:

— How much do you get paid? This is a very important question that you must ask yourself before creating your budget.

— Take that amount and minus all of your expenses. This includes food, electricity, rent, savings etc.

— Whatever money that is going to be left, you can then decide how much must be directed into your monthly black tax.

Boundaries are the name of the game

You must be able to clearly communicate things with your family. How are they supposed to know your feelings if you bottle them inside until they start exploding and turn you into an angry and bitter person.

— Have a family meeting with them. Start the conversation by saying "thank you for raising me up intil this point". Make them aware that you also have your own responsibilities and goals that you want to achieve.

— As much as you are going to be assisting them financially, they are limited to a certain amount.

I hope this article has shed some light into this topic. How is black tax affecting you? Let us know in the comments section below, we'd love to hear from you. For more informative articles like this one published daily, make sure you follow us and never miss out. 

Content created and supplied by: ShakersAndMovers (via Opera News )

Black Tax

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