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Published on 19 Mar 2025 by Grace H.
For many domestic helpers working in Singapore, sending money home to support their families is a top priority. However, it’s essential to manage remittances wisely to maximise savings, avoid unnecessary fees, and ensure financial security for the future.
This guide will provide key tips on how to send money efficiently and introduce SlideSG, our trusted partner in safe and cost-effective remittance services.
Why sending money wisely matters
Many domestic helpers work hard to provide for their loved ones, but without careful financial planning, they may find themselves struggling to save or falling into unnecessary financial burdens. Here are some key reasons why wise remittance practices matter:
- Avoiding high fees: Some remittance services charge high transfer fees and offer unfavorable exchange rates, which can significantly reduce the amount received by your family.
- Ensuring timely transfers: Using a reliable remittance service ensures that your loved ones receive money on time, avoiding delays that can disrupt their financial plans.
- Building savings: Sending all your earnings home without saving for yourself can leave you unprepared for emergencies or future plans. Setting aside a portion of your income for personal savings is crucial.
- Preventing financial dependence: While supporting your family is important, it's also essential to encourage them to budget wisely and avoid over-reliance on your income.
Tips for sending money home wisely
- Compare remittance services - Not all money transfer services are the same. Look for providers that offer low fees, competitive exchange rates, and fast transfer times.
- Use a trusted and secure platform- Ministry of Helpers partners with SlideSG, a leading remittance provider that ensures safe, fast, and affordable money transfers. With SlideSG, you can enjoy: competitive exchange rates, low transfer fees, secure and convenient transactions, and reliable customer support
- Set a budget for remittances - Determine a fixed amount to send home each month based on your salary and expenses. Make sure to prioritise your personal savings and essential needs before sending money.
- Encourage financial planning at home - Educate your family about the importance of budgeting and saving. Help them create a plan for using the remitted funds wisely, such as for education, investments, or emergency savings.
- Save for your future - Apart from supporting your family, think about your long-term financial goals. Consider opening a savings account or investing in a financial plan that will help you achieve financial independence.
Secure your financial future with SlideSG
At Ministry of Helpers, we believe that financial empowerment is key to a better future. That’s why we encourage all domestic helpers to make informed decisions about their remittances.
With SlideSG, you can send money with confidence, knowing that your hard-earned salary is reaching your loved ones safely and cost-effectively.
Start planning your finances wisely today and take charge of your financial future!
You might be interested in:
2025 Guide for Employers: Hiring and Managing a Domestic Helper in Singapore
When Employers Are Not Honest: A Cautionary Tale for Hiring Domestic Helpers
Navigating the Singapore Weather: How Helpers Can Keep Homes Comfortable All Year Round
Singapore’s Strict Vaping Laws: What Domestic Helpers Need to Know
Can I Deduct Costs from My Helper’s Salary? Employer Do’s and Don’ts
For many domestic helpers working in Singapore, sending money home to support their families is a top priority. However, it’s essential to manage remittances wisely to maximise savings, avoid unnecessary fees, and ensure financial security for the future.
This guide will provide key tips on how to send money efficiently and introduce SlideSG, our trusted partner in safe and cost-effective remittance services.
Why sending money wisely matters
Many domestic helpers work hard to provide for their loved ones, but without careful financial planning, they may find themselves struggling to save or falling into unnecessary financial burdens. Here are some key reasons why wise remittance practices matter:
- Avoiding high fees: Some remittance services charge high transfer fees and offer unfavorable exchange rates, which can significantly reduce the amount received by your family.
- Ensuring timely transfers: Using a reliable remittance service ensures that your loved ones receive money on time, avoiding delays that can disrupt their financial plans.
- Building savings: Sending all your earnings home without saving for yourself can leave you unprepared for emergencies or future plans. Setting aside a portion of your income for personal savings is crucial.
- Preventing financial dependence: While supporting your family is important, it's also essential to encourage them to budget wisely and avoid over-reliance on your income.
Tips for sending money home wisely
- Compare remittance services - Not all money transfer services are the same. Look for providers that offer low fees, competitive exchange rates, and fast transfer times.
- Use a trusted and secure platform- Ministry of Helpers partners with SlideSG, a leading remittance provider that ensures safe, fast, and affordable money transfers. With SlideSG, you can enjoy: competitive exchange rates, low transfer fees, secure and convenient transactions, and reliable customer support
- Set a budget for remittances - Determine a fixed amount to send home each month based on your salary and expenses. Make sure to prioritise your personal savings and essential needs before sending money.
- Encourage financial planning at home - Educate your family about the importance of budgeting and saving. Help them create a plan for using the remitted funds wisely, such as for education, investments, or emergency savings.
- Save for your future - Apart from supporting your family, think about your long-term financial goals. Consider opening a savings account or investing in a financial plan that will help you achieve financial independence.
Secure your financial future with SlideSG
At Ministry of Helpers, we believe that financial empowerment is key to a better future. That’s why we encourage all domestic helpers to make informed decisions about their remittances.
With SlideSG, you can send money with confidence, knowing that your hard-earned salary is reaching your loved ones safely and cost-effectively.
Start planning your finances wisely today and take charge of your financial future!
You might be interested in:
2025 Guide for Employers: Hiring and Managing a Domestic Helper in Singapore
When Employers Are Not Honest: A Cautionary Tale for Hiring Domestic Helpers
Navigating the Singapore Weather: How Helpers Can Keep Homes Comfortable All Year Round
Singapore’s Strict Vaping Laws: What Domestic Helpers Need to Know
Can I Deduct Costs from My Helper’s Salary? Employer Do’s and Don’ts