Filipinos who reside in foreign countries often find themselves needing to send money to their family in the Philippines. I’m sure you’re familiar with wire transfers, walk-in money transfer centers, online payment and other traditional ways to send money remittance – but are you getting the best deal possible? On this post, I’ll be sharing […]
Tag: OFW
Financial Must Dos for OFWs on a Vacation
Returning home for a vacation or during a holiday is a much-awaited event for overseas Filipino workers (OFWs) and they want to make the most out of their short vacation – meet their loved ones, eat out in their favorite restaurants, go on a shopping frenzy, go to a local vacation spots or throw parties for […]
5 Ways OFWs Can Invest in the Philippines
Filipinos working abroad need to realize that they cannot work forever. Sooner or later, they will retire, won’t be earning as much and most likely come back home to the Philippines. Thus, they need to make the smart financial move to make their earnings work for them by investing. Whether it’s buying their own home […]
Top 7 BAD Money Habits of OFW Families
Today, there are over 2.5 Million Filipinos working abroad, and last year’s remittances reached a record $ 25.8 Billion. Yes, that’s in Dollars! However, according to a recent survey, only 3 of 10 Filipinos, who recieve remittances, set aside money for saving. As OFWs continue to provide for their families’ needs, they have unknowingly cultivated a cultural […]
Top 7 Reasons Why OFWs Come Home Broke
Many Filpinos leave the country with hopes to find a better future. With that, we have this mindset that by being an overseas Filipino worker (OFW), you earn a lot, send more money for your family and become rich — WHICH IS VERY TRUE! BUT… For many OFWs, instead of being able to save and […]