Category: Saving

7 Worthy Reasons For Staying and Working Abroad

You must have been reading a lot of articles and posts on social media encouraging OFWs to come home for good. Most of these come from Philippine-based finance coaches who must have seen the struggles and sacrifices of Filipinos working abroad.

I know, I even wrote an article about being ready to come home for good. It’s understandable that many of these finance coaches back home want OFWs to quit their jobs abroad and maybe become entrepreneurs back home. Besides, it’s all about the economy.

But not everyone has the knack and luck to become entrepreneurs back in the Philippines in a snap of a finger. It takes a lot of learning, experiments, trials, mistakes, errors, and minor successes before you finally hit the nail. And we’re not yet even talking about how to sustain a business for the long term.

But if you are wondering whether working abroad might be the right move for you NOW, you may reflect on so many other things to consider aside from earning a living away from home.

Here are 7 worthy reasons why you should continue working and living abroad.
Continue reading 7 Worthy Reasons For Staying and Working Abroad

7 Promising Online Careers for Would-Be-Balikbayans

Working abroad has been the go-to option for many struggling Filipino families. Indeed, many Filipinos have improved the quality of living of their families back home while they are working abroad.

While exciting new jobs are sprouting all over the country, it can not be denied that a job offer from abroad that promises a better compensation package is hard to refuse for ordinary and mostly minimum-wage earning Juan de la Cruz’s. It’s the reason why we still have over 10 million Filipinos working and residing overseas.

But working abroad is not a long-term solution. Every OFW must always find other ways to earn apart from the salaries they are receiving abroad. Because there is no such thing as a lifetime overseas employment contract.

Using a PC or laptop, a webcam, a headset, microphone, and a high-speed stable internet connection, an OFW can work online during their spare time and earn as much as or even more than what they are receiving from their foreign employers.

**Starting a business can be a struggle for every Balikbayan. If you are preparing to be a freelancer or entrepreneur in the Philippines, then you will need to get registered and file your taxes. You can do this with the help of Taxumo.

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If you are an OFW, here are seven online careers that you can consider to start working on to be ready for your homecoming for good. Continue reading 7 Promising Online Careers for Would-Be-Balikbayans

Financial Blunders OFWs Should Avoid This Christmas Season

It’s that time of the year again when Christmas carols are played continuously in malls, and you’re starting to feel that itch for shopping while waiting to come home from abroad. Many OFWs take a break from their grueling jobs overseas to spend the holidays with their family and friends in the Philippines. When this happens, it also means that they will be spending money – and huge amounts, most likely.

OFWs love to enjoy their short vacation, so they spend a good chunk of their money on parties, dining out and shopping with and for family members. It’s a lot easier for them to spend what they’ve earned abroad since they get more out of the exchange rate, and the prices here are mostly cheaper. Continue reading Financial Blunders OFWs Should Avoid This Christmas Season