5 Things You Can Do When You Send Money to the Philippines

Just because you are working abroad does not mean that money will start growing on trees. You still have to work, and you will still have bills to pay. But because of the better benefits and the higher wages, you will definitely be able to set some aside and send money back to the Philippines.

 

It’s a good thing sending money to the Philippines is easier to do now that remittance companies like iRemit to the Philippines makes it a more seamless and less expensive process. Here are a few things you can do when you send money to the Philippines:

 

1. Family Assistance

 
Family Assistance 5 Things You Can Do When You Send Money to the Philippines

Image Credit: Thinkstock

 

You can’t deny the fact that life in the Philippines has gotten harder and harder through the years – it’s the very reason why a lot of people have chosen to leave and try their luck elsewhere. This is also the reason why people who are blessed enough to have been given the chance to work abroad often send financial assistance to the family they left back home. The money may be used for their siblings’ or children’s schooling, or to cover their parents’ daily needs.

 

2. Investments

 

Anyone who leaves also plans on coming back. You can’t work forever, and at one point, you’re going to have to retire. What happens then? Would your retirement fund be able to cover all your needs when you stop working?

 

This is why a lot of people working abroad send money to the Philippines so that they can continue investing on things that could sustain their lifestyle even after they decide to quit working. For some, these investments also help their families back home to have extra income, making the load a little lighter for the person working abroad.

 

3. Donations

 
Donations 5 Things You Can Do When You Send Money to the Philippines


Image Credit: Getty Images

 

There really are people who were born charitable, which means that no matter how far they may be from their native land, they will always find ways to help people out. Through remittances, a lot of Filipinos in Australia actually continue helping out their favorite charities. They could be sending money for the old people at Anawim in Montalban, or the kids rescued from criminal syndicates at Tahanan ng Pagmamahal in Pasig.

 

They could also be supporting housing projects by Gawad Kalinga, or other non-government agencies that help the poor and oppressed have a second chance of having better lives. This you can do when you send money back home.

 

4. Properties

  Properties 5 Things You Can Do When You Send Money to the Philippines  

People always imagine themselves retiring one day, relaxing inside a home they can call their own. They dream of having nice cars and having the best of everything right inside their home. This can finally be possible if you learn how to save enough money when working in Australia. You can send payments directly to the real estate company, or send money to your family so that they can pay your premiums for you. You could actually retire one day and fly back home knowing that you have one house in the city, and a beach home where your entire family can spend vacation after vacation.

 

5. Gifts

 

A good friend might be getting married, or your favorite niece could be doing well in school. Your child may have won a contest in school, or it could be your wife’s birthday. Regardless of the occasion, a lot of people actually prefer sending money as a gift simply because it can actually go where the recipient most needs it.

 

The great thing about remitting from Australia to the Philippines is the fact that it doesn’t even matter what bank your recipient is using. It doesn’t even matter whether they have bank accounts or not! You can send money door to door, or you can have them pick their money up at different locations.

 

Truly, technology has done a lot of good, especially when it comes to the things that Filipinos working abroad need. With remittance processes now becoming more efficient, people can finally do more with the money that they want to send back home.

Rica J

I am a mother, a wife and a technology loving Filipina who loves reading hi-fiction books (dragons!) , good stories, dancing, laughter, lying on the grass and eating balut. I am born and raised in the Philippines and now resides in Australia but finds myself in the Philippines for at least 3 months a year. I am part of the Filipino Australian Community and have been living between Australia and the Philippines since 2007.

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