Christmas breeze a blow and nature in its predictable play is signalling that we’re quickly getting to the point of hearing greetings from across the world, picking out what looks like the biggest ham, staining our pots with the colour of sorrel, and dreading the long traffic lines on our way to spend money on gifts. And… speaking of money, we know that for many Jamaicans the festive season can also emphasise one important financial support – remittances.

Remittance is simply money that people send to their families or friends in another country, to help with expenses or for special occasions like Christmas. It’s one of the important elements fuelling economies, homes and communities, especially during the festive season when there’s always a surge. We know it helps make the holidays a little brighter for loved ones, but its impact on the country and people are far greater. 

Here are some reasons remittances are more important than ever during this time of the year.

GOOD FOR THE COUNTRY’S PURSE: Let’s say Uncle George in England sends you some money here in Jamaica. That remittance directly helps with increasing the foreign exchange reserves of Jamaica and even provides a much-needed boost to the economy during the holiday season. Remittances also make up a portion of the gross domestic product (GDP) in many developing countries.

BOOSTING THE HOUSEHOLD’S INCOME: We know that the Christmas season can be a financially straining time, with all those expenses. Remittances can provide a cushion and allow you to take part in celebrations without feeling too financially burdened. 

MAINTAINING TRADITIONS TOGETHER: Keep Christmas traditions alive: In many homes Christmas traditionally looks like buying decorations for the home, purchasing the Christmas tree, buying gifts and extra food. This is where remittances help many Jamaicans, by providing the means for families to maintain these traditions, even from afar. 

EMERGENCY FUNDS: We know that the season can sometimes bring unexpected expenses, and this is also where remittances can help you out. Having access to extra funds can provide a safety net for your loved ones to ensure that they can handle anything that pops up. 

Let’s face it, people will never stop migrating, even to the farthest corners of the world. Sending money back home often reinforces the bonds of family. A simple transfer goes a long way in showing that you care, and we at VM can make that transfer simple, smooth and seamless. Click here and learn more about our VM Money Transfer Service.