Many of overseas Filipino workers or OFWs main goal for working abroad is to earn more and save for a better future for their family in the Philippines. However, based on CNN’s special report entitled: “Eye on the Philippines”, OFWs are earning billions of dollars but they’re having a hard time saving up. The reason for this is that once the money comes, some of Filipinos forget to set aside a money for future or emergency purposes.Since working abroad is temporary for most OFWs, it’s a good thing to secure the future by saving. So, here are useful money saving tips for Filipinos abroad.
Set your mind that you will save money. Be a positive and be serious in saving money and stick to it.
Spend money wisely. Most of OFWs and their family upon receiving salary would thinh to buy thing they want like gadgets, jewelries, appliances etc. that would often leave them with empty pocket. It is still a good idea to reduce spending for wants and priority first.
Invest and put your money in a place where it will increase. Open a savings account in a bank is a bright start.
List down all your purchases for you to clearly analyze where your money goes. This would help you see where you are spending greatly so you can cut down those unnecessary purchases.
Set your goal and strive to reach for it. For instances, you can start a business, buy a house and lot or a family vehicle and you should have set a time. What year will you acquire these goal? Be realistic too.
Let your family know about your goal. If your goal is to start a business or build a dream house within 3-5 years, it is important for them to know it too, so that you have someone who would encourage and remind you whenever there are instances you forget your goal.
Avoid vices. When you start a vice such as smoking or drinking alcoholic beverage, it would be a great barrier for your to accomplish your goal. So, Don’t start a vice or stop it now.
Grab promos on services of various company. It will be a great way for you to save bucks. For example,I-Remit to the Philippine’s Money Transfer Service. You can send money to the Philippines for $8 to any Philippine bank account and Save as much as 50% when you are an I-Remit 3-in-1 Visa Remit Cardholder. If you don’t have it yet, get one now for your loved ones by completingthis application form, it’s absolutely free.
As early as now, you must start saving up now. Just have a self discipline toward everything for you to achieve what you want in life. If you want to secure the future of your family, it is a great idea to keep in mind those mentioned above.