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How to Help a Friend or Family Member Who Needs Money

3 April 2018 No Comment

It can be difficult to see a friend or family member struggle with money issues. It’s even harder to talk with them about it, especially if they live in India and you don’t.

The first step is knowing how to approach the problem. Once you’ve had a chance to talk with your loved one about their financial concerns, you may want to step in and help.

Here are a few ways you can help a friend or family member who is struggling with money issues when they live in India.

Send Them Some Cash

One of the quickest, easiest, and most appreciated ways to help a friend or family member in India with their money troubles is to send them a little cash. That’s easy with a money transfer service like Remitly!

They are more affordable than other money transfer services and they have a great exchange rate. That makes it easier and more affordable to send money regularly.

Send Them Stuff They Need in the Mail

Cash isn’t always the right solution. For some, cash that burns a hole in their pocket is the problem! If you worry that your friend or family member will just spend the money you send them on stuff they don’t need, send them the stuff they need directly instead.

Send them a care package that can include:

  • Personal hygiene products, like toothbrushes and deodorant
  • Cleaning supplies
  • Clothing
  • Linens and towels
  • Bedding and blankets
  • Nonperishable food

You can also send them fun stuff too, like candy and toys for the kids, to make them feel better about receiving a box of necessities in the mail.

Offer to Pay One or More of Their Bills

Whether it’s credit cards or utility bills, helping a friend or family member who is struggling by offering to pay one or more of their bills is a great way to help.

The best way to do this is to agree on which bill or bills you will be paying, and for how long. Then, your loved one needs to give you access to the account so you can pay it directly. That way, you don’t have to bug them when it’s time to pay the bill and they can’t forget to ask you.

Work With Them on a Budget

If you don’t have a lot of money either, the ideas on this list might be out of your reach. Instead, give them some of your time and work with them on creating a budget.

Many people don’t know exactly where their money goes every month. By identifying expenses, you can help them determine how much, if any, they have left over and what to do with the surplus cash.

It is hard to watch a friend or family member struggle with finances when you can’t be there to comfort them. With these ideas, you can at least do your best to help, even if you don’t live in India.

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