The tendency to splurge is strong when you have money.
The temptation to spend on things that are not necessary
are particularly strong among families of Overseas Filipino Workers.
Most OFW families started with nothing, that's why they don't seem to be prepared when remittance starts arriving from their OFW relatives.
It's common to hear stories of OFWs going back to zero - back to where their pre-OFW income levels - after their OFW relatives stint is over.
It could have been avoided had their families back home saved for the rainy days, so to speak. A career abroad does not last forever.
It's temporary and last only while OFW is physically able to do his job. Once he is no longer efficient somebody younger takes his or her place. And as the job is mostly contractual, there's no assurance if the OFW stays in the job in the months to come. Needless to say, the uncertainty of OFW jobs must be good motivation for families to save hard-earned
remittances.
Here are some tips that families of OFWs can use to save for any eventuality. Yes, saving money is a lot easier said than done.
But it is only a matter of discipline.
Following these tips ensure survival of OFW families when things get tough.
Put Your Mind to Saving and Convince Everyone in the Family to do the Same.
t's about positive thinking. Convince yourself that you can do it.
You need to make a firm decision to save and make your family understand about the seriousness of the matter.
All members of the family should be one in making the
decision to save.
Don't Live Above Your Means
This is about lifestyle choice. After receiving their remittance from abroad, many OFW families immediately buy expensive gadgets, appliances and jewelry that are not actually necessary. But when you come to think of
it, these things are just for show off.
Invest Your Money
Think of a way of how to make your money grow. You can open a savings account, or you can engage in stock trading, the options are limitless. You can even start your own business. but all these things need careful
planning and preparation.
Trim Down your Expenses to what's Basic and Necessary
Make a list of daily expenses for kids schooling, the
bills and mortgages, and the amount you decide to save
every month. And stick to this list. Follow the list to
the letter. If there are expenses that are not on the
list, it must only be for emergency purposes.
These are just few of the important tips that every OFW family should strictly follow so the efforts of their loved ones working abroad are not wasted.
We at AIM Global, Inc. is ready to help you and to open a window of opportunity for you.
If you want extra source of income THEN THIS IS FOR YOU.
If you want to earn even at home THEN THIS IS FOR YOU.
If you want to help somebody especially your parents and Love ones THEN THIS IS FOR YOU.
If you are not spending enough time with your family and
wants to have TIME FREEDOM THEN THIS IS FOR YOU.
If you have BIG DREAMS but doesn't have an outlet
to reach that Dream THEN THIS IS FOR YOU.
If you are reading this right now then I'm really sure that THIS IS FOR YOU.
The temptation to spend on things that are not necessary
are particularly strong among families of Overseas Filipino Workers.
Most OFW families started with nothing, that's why they don't seem to be prepared when remittance starts arriving from their OFW relatives.
It's common to hear stories of OFWs going back to zero - back to where their pre-OFW income levels - after their OFW relatives stint is over.
It could have been avoided had their families back home saved for the rainy days, so to speak. A career abroad does not last forever.
It's temporary and last only while OFW is physically able to do his job. Once he is no longer efficient somebody younger takes his or her place. And as the job is mostly contractual, there's no assurance if the OFW stays in the job in the months to come. Needless to say, the uncertainty of OFW jobs must be good motivation for families to save hard-earned
remittances.
Here are some tips that families of OFWs can use to save for any eventuality. Yes, saving money is a lot easier said than done.
But it is only a matter of discipline.
Following these tips ensure survival of OFW families when things get tough.
Put Your Mind to Saving and Convince Everyone in the Family to do the Same.
t's about positive thinking. Convince yourself that you can do it.
You need to make a firm decision to save and make your family understand about the seriousness of the matter.
All members of the family should be one in making the
decision to save.
Don't Live Above Your Means
This is about lifestyle choice. After receiving their remittance from abroad, many OFW families immediately buy expensive gadgets, appliances and jewelry that are not actually necessary. But when you come to think of
it, these things are just for show off.
Invest Your Money
Think of a way of how to make your money grow. You can open a savings account, or you can engage in stock trading, the options are limitless. You can even start your own business. but all these things need careful
planning and preparation.
Trim Down your Expenses to what's Basic and Necessary
Make a list of daily expenses for kids schooling, the
bills and mortgages, and the amount you decide to save
every month. And stick to this list. Follow the list to
the letter. If there are expenses that are not on the
list, it must only be for emergency purposes.
These are just few of the important tips that every OFW family should strictly follow so the efforts of their loved ones working abroad are not wasted.
We at AIM Global, Inc. is ready to help you and to open a window of opportunity for you.
If you want extra source of income THEN THIS IS FOR YOU.
If you want to earn even at home THEN THIS IS FOR YOU.
If you want to help somebody especially your parents and Love ones THEN THIS IS FOR YOU.
If you are not spending enough time with your family and
wants to have TIME FREEDOM THEN THIS IS FOR YOU.
If you have BIG DREAMS but doesn't have an outlet
to reach that Dream THEN THIS IS FOR YOU.
If you are reading this right now then I'm really sure that THIS IS FOR YOU.
