If at this very moment your amo or employer told you that this will be your last day of work and you will be sent back to the Philippines immediately the next day, what would be your reaction?
Are you ready to say to your amo and to yourself, “It’s fine, I’m ready to go home anytime.”?
Or will you hear yourself say any of the following:
“I’m not yet ready. Wala pa ‘kong ipon.”
The Middle East is an adopted home to many OFW’s (overseas Filipino workers) where they also experience one of the holiest months in Islam. The month of Ramadan is also synonymous to the 3-day mall sales in the Philippines. Only that it’s 30 days/nights for most locals (and Pinoys as well) of splurging and spending extra on food, personal items, appliances, clothes, gadgets, etc. on huge discounts!
Even some remittance centers lower their fees and charges during this month. Awesome, isn’t it?
The only usual problem I observe is that many Filipinos would spend above their means during this season just because their colleagues are spending too. Or that because they are bored in their apartment during the night so they need to go out and window-shop around downtown. Just to kill homesickness and boredom. Continue reading It’s Ramadan Sale! Should You Shop Or Not?
Since I started advocating saving and investing through my forums and blog posts, a lot of overseas-based Filipinos are sending me questions whether they can open their investment accounts while abroad.
The first thing I would ask them back is, “Do you have a Philippine bank account?”.
Opening a stock or mutual fund portfolio while one is based abroad is possible. However, most of these stockbrokers and investment companies require applicants and would-be investors to have a Philippine bank account. Continue reading “Can I Open A Philippine Bank Account While Abroad?”