Tips For Kids On Managing the Piggy Bank (Infographic)

We at Angat Pilipinas Coalition are totally dedicated to bringing financial knowledge to all young Filipinos, students and out-of-school alike. We believe that educating the youth about personal finance will prepare themselves to become wise financial decision makers as they grow up.

That is why we are pushing parents and teachers to become more literate in handling their finances so that the kids will witness how they value money and how it is earned.

Parents and teachers are the biggest influencea on the way kids will manage money. However, discussing about personal finance and conducting seminars to them can be really tough. That is why we have been incorporating games, music, technology, and even social media to help them understand personal finance

This infographic from Mint.com is an example of how money should be taught to children of all ages.

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5 Golden Alternatives To Balikbayan Boxes

For the past several days, our Facebook newsfeeds have been flooded with news, rants, complaints, hate posts, and protests against the not-so-new but more vulgar implementation of the Bureau of Customs policy of checking Balikbayan boxes sent by Filipinos from abroad.

You could be one of the millions of OFWs and migrant Filipinos who are really angered by this ridiculous policy of our government.

Some of our kababayans and different organizations even organized a “No Remittance Day” as a protest against this bold and unnecessary move by the Bureau of Customs.

Although this will “hurt” the government a bit, we have no other choice but to remit the money that we have anyway after the “No Remittance Day”.

(For just 10 pesos a day, you and your family’s life and health are protected. Click here to get more details!)

(Save and grow your money while you are still an OFW!!! CLICK here!)

Here are the 5 effective and meaningful alternative ways to send your love back home without compromising your hard-earned money from the crocodiles in our government agencies. No Balikbayan box, no problem.

5 Golden Alternatives To Balikbayan Boxes

1) Send your money to your savings account.

Build an emergency fund for you and your loved ones back home.

If you are breadwinner, you should think about the possibility of losing your job and eventually losing your source of income. How will you support yourself if you don’t have an emergency cash available for you and your loved ones when this happens?

If someone gets sick and eventually the need to spend for significant medical expenses becomes inevitable, you or your family members back home can use this emergency fund.

You can also use this cash in case a typhoon or flood ravages your home or your car and therefore will need some repairs.

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 2) Purchase an insurance product for yourself and your family members. 

You are working abroad most likely because you have loved ones who need your financial support. You wouldn’t sacrifice the physical and emotional distance just for your own desires. You love your family, that’s for sure.

But what if you die today? Or you lose both your arms and legs? How will your loved ones survive if they do not have the financial capacity because you are their only hope?

Getting a life insurance or a health insurance are two VERY necessary items to be included in your bucket list as a breadwinner.

You will never regret purchasing one today.

AXA Philippines launched the very first online insurance store, the AXA iON, so that OFWs like you can purchase the necessary insurance product for your and your family’s protection.

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3) Open a stock trading or pooled fund account.

It is understandable that you want to shower your loved ones with goods and gifts that they do not get to have often and seldom experience back home. That’s why we send Balikbayan boxes as a way of saying how we love them despite being away from them.

However, preparing for your golden years while you are working abroad should also be on top of your priorities. If you don’t plan and prepare for it, who else will?

The same thing is true for your spouse, if you are a married OFW. You should be helping your better half in investing for her retirement years.

Letting your children know that you don’t want to be a burden to them when you grow old by investing for it as early as now is one of the greatest “Balikbayan boxes” you could ever give.

You can determine here how much you need to invest to have a happy and a comfortable retirement.

Two of the best instruments to address your needs during your golden years are mutual funds and stocks. Read up the articles through the links provided to learn more how to invest in them.

 

4) Send groceries, medicine, health cards, to your loved ones via BeamAndGo.

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With BeamAndGo, no matter where you are in the world, you can purchase gift certificates that will be sent to the mobile phone of your loved ones back home.

These digital gift certificates will enable you to buy food, groceries, medicine, health care, insurance, education, and other essentials for your family in a way that is affordable, convenient, transparent, and sustainable.

Your loved ones can immediately redeem these digital certificates at any of the participating stores under their network. There is no need to wait on long lines nor handle paper coupons.

So why need a Balikbayan box when you can just do it the BeamAndGo way?

5) Sell your stuff and old but still useable items online.

Instead of sending back home your old DVD player, television, kitchen appliances, furniture, clothes, and many other things inside your closets and drawers inside your apartment abroad, why don’t you sell them via the classified ads websites in your country of work?

You may also auction them on eBay, OLX, expatriates.com, and other similar websites.

You can also sell them to your neighbors and workmates who might be needing the things that you consider sending back to the Philippines.

You can save the money you earned from selling those stuff and bring it home yourself in your next vacation. Or if you really can’t wait, then use the money to do numbers 1 to 4 that I mentioned above.

Follow my posts on managing finances well while abroad by subscribing to RockToRiches|BurnGutierrez.Com for FREE.

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The Day Aureus Died (Part 2 No More)

This is way long overdue.

But as much as we would like to give more information about the culprits, we could only do so much for now.

The investigation on Aureus Capital by the Commercial Affairs Department or CAD of the Singapore Police Force is still ongoing. However, the possibility of recovering the USD18 Million claims of victims lodged at the CAD is now almost uncertain.

Apparently, the culprits Michael Atkins and April Samson can not be located.

Meanwhile, if you are based in Singapore, you may try to reach the Chinese daily Lianhe Wanbao under Singapore Press Holdings for media support.

One of their journalists, Kerr Puay Hian, sent me an email to help the victims in whatever way they can and also to spread awareness to the public to avoid becoming victims again of these scams.

Please be aware that there are still more “managed trading forex companies” around the world that are currently recruiting clients for their schemes.

You may contact Kerr of Lianhe Wanbao, Singapore Press Holdings as they are currently working on an article regarding the Aureus Capital scam in Singapore. The media outfit has been receiving complaints from distressed victims and calling them for help and they want to help them as much as they can.

Singapore Press would be willing to listen to your part of the story, as the more information they can acquire the better they could express the situation to the community, help them to gain more traction in the case through public awareness, or at least inform the public to protect themselves from such scams.

You can either email Kerr at phkerr@sph.com.sg or call their hotline at 1800-7416388.

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We’re one with our friends who are victims of this big-time scam.

For now we can only coordinate with the police and the media and wait for any development. We hope that the case be resolved soon.

End of the series that never was.