Saving – Page 74 – Rock To Riches

OFW’s, Protect Your Money This Christmas Season

Quite a number of OFW’s are starting their homecoming (vacation) at this time. Most of them are staying up until Christmas or New Year’s Day. This is also the period and season when OFW’s are the main “target market” of scammers.

So how will an OFW be able to spot a financial scam such as pyramiding and avoid being the next victim while enjoying his or her vacation with loved ones?

Here are a few quick points to remember to protect you, your family, and your money during the Holidays: Continue reading OFW’s, Protect Your Money This Christmas Season

Why I Advocate Stock Market Investing for OFW’s

Investing in the stock market has always been perceived generally as “only for the rich” or “only for the intellectuals”. These are false notions. But who’s to be blamed for this?

Most of our college professors who taught business, finance or accounting NEVER taught us (or insisted) that anybody who saves money regularly can actually invest in various financial instruments in the Philippines. We were raised up hearing the line, “Mag-impok sa bangko” (Save money in the bank). We were taught to SAVE but not to INVEST. Don’t tell me that I was absent in classes. Continue reading Why I Advocate Stock Market Investing for OFW’s

What Are The Most Affordable Savings Accounts to Open for OFWs?

If an OFW wants to put up an online business or start investing in various financial instruments, he has to have a savings account for him to facilitate his transactions efficiently.

However, opening a regular savings account in the Philippines may not be too affordable for an OFW because of high required minimum maintaining balance. Remember that OFWs’ remittances to family members back home are oftentimes consumed to the last drop that leaving at least Php2,000.00 in their bank account may not be possible at all. In fact, if only a Php1.00 coin can be withdrawn from the ATM, their loved ones back home will definitely do it.

So let’s identify what are the most affordable and convenient savings accounts available in the Philippines for OFWs to take advantage of. Continue reading What Are The Most Affordable Savings Accounts to Open for OFWs?