Usually Filipino workers decided to
work overseas to gain higher salary hence, providing the necessities of their
loved ones. The extra amount of money that they could get helps in realizing
the dreams of every member of the family, live a satisfied and convenient life
and to the extent of being financially stable. These factors encourage
Filipinos to try their luck in foreign lands. Unfortunately, not all Overseas
Filipino Workers return back home with great savings. Others realize that
nothing changes and improves, some even becomes worse in terms of financial
matters.
This situation is common nowadays
that’s why every Filipino worker, before the leaving the country, must secure
their finances. Here are some helpful tips to consider:
1. Set a Goal
First consider your compensation,
expenses and the cost of living of the country where you will be working. You
can put it into writing any amount of money that you plan to
save, appliances that you want to buy, and other properties that you want to acquire. Be realistic in setting your goal. As much as possible list all the things that you want to happen while working or after your contract. On the other hand, let your family members know your plans so they can help and support you in achieving your goals. Talk to them about the expenditures so you will know how much remittances you will send. Encourage them to spend the allotment wisely since you’ll be working hard for them and it’s not easy to stay far away.
save, appliances that you want to buy, and other properties that you want to acquire. Be realistic in setting your goal. As much as possible list all the things that you want to happen while working or after your contract. On the other hand, let your family members know your plans so they can help and support you in achieving your goals. Talk to them about the expenditures so you will know how much remittances you will send. Encourage them to spend the allotment wisely since you’ll be working hard for them and it’s not easy to stay far away.
2. Save for yourself
Every payday you save an amount for
your savings at least 10% of your monthly income. Your savings can be used for
future plans like investments and business purposes. Make sure to increase your
savings monthly and avoid spending much.
3. Save Wisely
You can grow your money both in
abroad and back at home or choose what’s best for you. You can open an
insurance, time or savings account, purchase properties or invest in stocks.
But consider the reputation of the financial institution you are dealing with.
4. Anticipate for your Return
Keep in mind that no job awaits you
when you return home. So before your contract will expire, you can start a
business and if it grows then you can decided to stay here for good. Or follow
up your business during vacation.
Aforementioned tips can help
ensuring security of your finances before leaving the country. It also gives a notion
on how to live a comfortable life after spending years working abroad. Thus,
you can reap the rewards of your hard work and enjoy living with your family.
