Are you the breadwinner of the family? Have you been blessed with windfall and is expected by your siblings to give them or their children balato or significant money gifts?
In Filipino and Asian culture where families are closely-knit, there is always an assumption that good fortune enjoyed by one sibling should be automatically shared with the others. For example, if one family member becomes a successful entrepreneur, he may be expected to find jobs for his brothers and sisters and probably their children as well. The brother or sister with more money may pay for the educational fees and related needs for the nieces and the nephews.
What siblings owe one another has no ready answer. Family history, cultural traditions, and personal beliefs shape the way how siblings share with, support, and help one another.
Here are few suggestions for siblings dealing with money differences that can maintain understanding and fellowship in the family. Continue reading How To Handle Income Differences Among Your Siblings