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