Guiding our domestic helpers to manage their finances wisely

Empowering domestic helpers with financial literacy is essential for their overall well-being and future security. Many helpers send money home or save for future needs, but without proper financial knowledge, they may struggle with overspending or insufficient savings. Providing guidance on managing their finances helps them achieve stability, reduce stress, and make informed decisions.

Key steps include teaching helpers how to create simple budgets, encourage consistent saving habits, and understand basic banking services. Helping them set clear financial goals, such as building an emergency fund or saving for future investments, can motivate disciplined money management. Introducing basic investment concepts can also help them grow their savings over time.

Supporting our helpers in developing financial skills fosters confidence and independence. Employers and community leaders can play a vital role by offering resources, workshops, and advice to assist them in their financial journey. Ultimately, guiding domestic helpers to manage their finances wisely contributes to their security and a brighter, more stable future for themselves and their families.

Additional resources can be found below:

https://www.ifec.org.hk/web/en/parent/tips-for-parents/domestic-helpers-finance-management.page

https://www.fdh.labour.gov.hk/en/home.html