Overseas Filipino Workers tend to go and work abroad to provide financial support for their families in the Philippines. However, no matter how hardworking they can get, there are still a lot of OFWs who are suffering from their mounting debts.
Whether it’s 12 months or 10 long years, you must squeeze something out of your salary for your savings. Most OFWs feel as though they are solely responsible for their family’s finances in the Philippines. But then, at the end of the day, you cannot work abroad all your life. Long-term financial capability must be secured.
Here are the things that you need to know when it comes to stretching your budget and save something for your future.
Plan when you shop
Most of the time, OFWs send balikbayan boxes to their loved ones in the Philippines to show how much they love and care for them, even from afar. However, these balikbayan boxes must never break your budget. Make sure that you become a smart shopper. Make sure to buy only the things that your family needs at the moment.
Share the expense
Sending balikbayan box is not particularly entitled to one person, you can share with your OFW friend or other family members also working abroad. Do not take the weight of expenses only on your shoulders.
Send through reputable
When sending balikbayan boxes, see to it that you are doing business with a reputable and cost-effective channel. There are a lot of delivery options abroad. Be sure to select only the best one, without traces of bad feedbacks from previous customers.
