Filipinos are mostly known for their trait of working hard. Some choose to go outside the country for a bigger, better pay. What are they called? Well they are the OFWs. They work so hard to provide the best that they can to their families. Although some of them easily put meat on the table, some have difficulties in doing so. In this article, I will provide the best and most effective money saving tips for OFWs.
Everyone has their own way of saving. One of the best and most recommended way is the 50/20/30 rule. Some people split their money accordingly right after they receive their pays. They put it in envelopes, jars, or any kind of containers. Creating a system allows you to manage and organize your income efficiently. The part you send to your family in the Philippines should be in your priority because they’re the reason why you’re working there, right?
If your plan is to go back home and settle there, then investing for your insurance, retirement, and businesses should be your future plan. In addition, you should also invest to something you can use in the future (e.g a house, an establishment, etc.). One good tip is for you to take your time and shop for lands in the Philippines. Why? Because as we all know, the value of lands increase overtime; as it matures, its price goes up as well.
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