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Wednesday, March 28, 2018

10 Simple Tips for OFWs to Save Money From Monthly Salary



For Overseas Filipino Workers (OFWs), saving money from monthly salary is not easy especially if you are earning just enough for your family and your needs. We all know that many OFWs are living from paycheck to paycheck because the big amount of their earning will go as remittances to their families back home.
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For Overseas Filipino Workers (OFWs), saving money from monthly salary is not easy especially if you are earning just enough for your family and your needs. We all know that many OFWs are living from paycheck to paycheck because the big amount of their earning will go as remittances to their families back home.  But as the one working for our family, we should bear in mind that personal savings are very important, not just for retirement but also for emergency purposes. The lack of saving results in debt not just in OFWs but to all people.  Always remember, all people can save money. This is not just for people with high income but also for individuals who are earning less.All we need to do is to motivate ourselves and have a goal.  For OFWs, here are some easy tips to save money even you are earning low!  1. Save money on your housing cost.  As an OFW and you paid your own accommodation while working abroad you can always share your room with your fellow OFWs so that payment can be cut in half or more. Your savings from your housing cost is a good start.  2.  Knows how to budget.  Budgeting is very important in saving money from your monthly salary. You can now buy cheap things at thrift stores. Always buy your basic needs and stop being an impulsive buyer. You can buy the things you want in the future if you already have enough savings for yourself. A written budget is very important to track your expenses.  3. Consider 2nd hand items.  Second-hand item is cheaper compared to brand new. Or when buying things, always compare the price and look for the lowest. You can also buy stuff online. Online shopping has many benefits things are purchased at a very reasonable price. Through this, you can save money from your low budget.  4. Do Not Use Credit Cards  If you do not know the pros and cons of using a credit card, don't use it. If you do not know the interest rate and possible hidden charges credit card brings, your money will be wasted in these fees. The best way is to pay in cash to avoid trouble.   5. Enjoy saving money!  Do not think you deprived yourself of the things you want because you are saving money. Always remember, saving money is not just for what is here and now. It brings benefits for your future plans especially for retiring early as OFWs. Control your spending by thinking what is important for your future and for your family.  6. Save Money On Your Food  This does not mean you skip a meal to save! Avoid too much fast food or coffee. Cooking your own food will give you a lot of savings. Pack a healthy lunch and enjoy listing a menu for a week. Always remember, "wasting food is also wasting money."  7. Look for a Sideline  If saving money from one job is hard why don't you look for an extra-job? There are many skilled OFWs who can render services to their fellow countrymen such as fixing or repairing computer or cell phone. You can also earn extra money online.   8. Save Your Pennies  We used to have piggy banks when we are young. This is still applicable for adults. You can use empty bottles or jars for your pennies. You won't notice until its full one day.   9. Do not follow the crowd.   "Keep up with the Joneses" is not easy especially if you only have enough money.  Do not get jealous or envious of what other people have. Stop wasting money on parties and clubs. Live simply and save money!  10. Set Your Priorities  Your priorities will be your motivation to save. Ask yourself what's the reason why you are saving money? Is it for your future? Or you want to invest in something more beneficial and profitable for your retirement? This will be your priorities on your saving plan.
But as the one working for our family, we should bear in mind that personal savings are very important, not just for retirement but also for emergency purposes. The lack of saving results in debt not just in OFWs but to all people.

Always remember, all people can save money. This is not just for people with high income but also for individuals who are earning less.All we need to do is to motivate ourselves and have a goal.
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For OFWs, here are some easy tips to save money even you are earning low!



1. Save money on your housing cost.


As an OFW and you paid your own accommodation while working abroad you can always share your room with your fellow OFWs so that payment can be cut in half or more. Your savings from your housing cost is a good start.
For Overseas Filipino Workers (OFWs), saving money from monthly salary is not easy especially if you are earning just enough for your family and your needs. We all know that many OFWs are living from paycheck to paycheck because the big amount of their earning will go as remittances to their families back home.  But as the one working for our family, we should bear in mind that personal savings are very important, not just for retirement but also for emergency purposes. The lack of saving results in debt not just in OFWs but to all people.  Always remember, all people can save money. This is not just for people with high income but also for individuals who are earning less.All we need to do is to motivate ourselves and have a goal.  For OFWs, here are some easy tips to save money even you are earning low!  1. Save money on your housing cost.  As an OFW and you paid your own accommodation while working abroad you can always share your room with your fellow OFWs so that payment can be cut in half or more. Your savings from your housing cost is a good start.  2.  Knows how to budget.  Budgeting is very important in saving money from your monthly salary. You can now buy cheap things at thrift stores. Always buy your basic needs and stop being an impulsive buyer. You can buy the things you want in the future if you already have enough savings for yourself. A written budget is very important to track your expenses.  3. Consider 2nd hand items.  Second-hand item is cheaper compared to brand new. Or when buying things, always compare the price and look for the lowest. You can also buy stuff online. Online shopping has many benefits things are purchased at a very reasonable price. Through this, you can save money from your low budget.  4. Do Not Use Credit Cards  If you do not know the pros and cons of using a credit card, don't use it. If you do not know the interest rate and possible hidden charges credit card brings, your money will be wasted in these fees. The best way is to pay in cash to avoid trouble.   5. Enjoy saving money!  Do not think you deprived yourself of the things you want because you are saving money. Always remember, saving money is not just for what is here and now. It brings benefits for your future plans especially for retiring early as OFWs. Control your spending by thinking what is important for your future and for your family.  6. Save Money On Your Food  This does not mean you skip a meal to save! Avoid too much fast food or coffee. Cooking your own food will give you a lot of savings. Pack a healthy lunch and enjoy listing a menu for a week. Always remember, "wasting food is also wasting money."  7. Look for a Sideline  If saving money from one job is hard why don't you look for an extra-job? There are many skilled OFWs who can render services to their fellow countrymen such as fixing or repairing computer or cell phone. You can also earn extra money online.   8. Save Your Pennies  We used to have piggy banks when we are young. This is still applicable for adults. You can use empty bottles or jars for your pennies. You won't notice until its full one day.   9. Do not follow the crowd.   "Keep up with the Joneses" is not easy especially if you only have enough money.  Do not get jealous or envious of what other people have. Stop wasting money on parties and clubs. Live simply and save money!  10. Set Your Priorities  Your priorities will be your motivation to save. Ask yourself what's the reason why you are saving money? Is it for your future? Or you want to invest in something more beneficial and profitable for your retirement? This will be your priorities on your saving plan.
2. Knows how to budget.

Budgeting is very important in saving money from your monthly salary. You can now buy cheap things at thrift stores. Always buy your basic needs and stop being an impulsive buyer. You can buy the things you want in the future if you already have enough savings for yourself. A written budget is very important to track your expenses.
For Overseas Filipino Workers (OFWs), saving money from monthly salary is not easy especially if you are earning just enough for your family and your needs. We all know that many OFWs are living from paycheck to paycheck because the big amount of their earning will go as remittances to their families back home.  But as the one working for our family, we should bear in mind that personal savings are very important, not just for retirement but also for emergency purposes. The lack of saving results in debt not just in OFWs but to all people.  Always remember, all people can save money. This is not just for people with high income but also for individuals who are earning less.All we need to do is to motivate ourselves and have a goal.  For OFWs, here are some easy tips to save money even you are earning low!  1. Save money on your housing cost.  As an OFW and you paid your own accommodation while working abroad you can always share your room with your fellow OFWs so that payment can be cut in half or more. Your savings from your housing cost is a good start.  2.  Knows how to budget.  Budgeting is very important in saving money from your monthly salary. You can now buy cheap things at thrift stores. Always buy your basic needs and stop being an impulsive buyer. You can buy the things you want in the future if you already have enough savings for yourself. A written budget is very important to track your expenses.  3. Consider 2nd hand items.  Second-hand item is cheaper compared to brand new. Or when buying things, always compare the price and look for the lowest. You can also buy stuff online. Online shopping has many benefits things are purchased at a very reasonable price. Through this, you can save money from your low budget.  4. Do Not Use Credit Cards  If you do not know the pros and cons of using a credit card, don't use it. If you do not know the interest rate and possible hidden charges credit card brings, your money will be wasted in these fees. The best way is to pay in cash to avoid trouble.   5. Enjoy saving money!  Do not think you deprived yourself of the things you want because you are saving money. Always remember, saving money is not just for what is here and now. It brings benefits for your future plans especially for retiring early as OFWs. Control your spending by thinking what is important for your future and for your family.  6. Save Money On Your Food  This does not mean you skip a meal to save! Avoid too much fast food or coffee. Cooking your own food will give you a lot of savings. Pack a healthy lunch and enjoy listing a menu for a week. Always remember, "wasting food is also wasting money."  7. Look for a Sideline  If saving money from one job is hard why don't you look for an extra-job? There are many skilled OFWs who can render services to their fellow countrymen such as fixing or repairing computer or cell phone. You can also earn extra money online.   8. Save Your Pennies  We used to have piggy banks when we are young. This is still applicable for adults. You can use empty bottles or jars for your pennies. You won't notice until its full one day.   9. Do not follow the crowd.   "Keep up with the Joneses" is not easy especially if you only have enough money.  Do not get jealous or envious of what other people have. Stop wasting money on parties and clubs. Live simply and save money!  10. Set Your Priorities  Your priorities will be your motivation to save. Ask yourself what's the reason why you are saving money? Is it for your future? Or you want to invest in something more beneficial and profitable for your retirement? This will be your priorities on your saving plan.
3. Consider 2nd hand items.

Second-hand item is cheaper compared to brand new. Or when buying things, always compare the price and look for the lowest. You can also buy stuff online. Online shopping has many benefits things are purchased at a very reasonable price. Through this, you can save money from your low budget.
For Overseas Filipino Workers (OFWs), saving money from monthly salary is not easy especially if you are earning just enough for your family and your needs. We all know that many OFWs are living from paycheck to paycheck because the big amount of their earning will go as remittances to their families back home.  But as the one working for our family, we should bear in mind that personal savings are very important, not just for retirement but also for emergency purposes. The lack of saving results in debt not just in OFWs but to all people.  Always remember, all people can save money. This is not just for people with high income but also for individuals who are earning less.All we need to do is to motivate ourselves and have a goal.  For OFWs, here are some easy tips to save money even you are earning low!  1. Save money on your housing cost.  As an OFW and you paid your own accommodation while working abroad you can always share your room with your fellow OFWs so that payment can be cut in half or more. Your savings from your housing cost is a good start.  2.  Knows how to budget.  Budgeting is very important in saving money from your monthly salary. You can now buy cheap things at thrift stores. Always buy your basic needs and stop being an impulsive buyer. You can buy the things you want in the future if you already have enough savings for yourself. A written budget is very important to track your expenses.  3. Consider 2nd hand items.  Second-hand item is cheaper compared to brand new. Or when buying things, always compare the price and look for the lowest. You can also buy stuff online. Online shopping has many benefits things are purchased at a very reasonable price. Through this, you can save money from your low budget.  4. Do Not Use Credit Cards  If you do not know the pros and cons of using a credit card, don't use it. If you do not know the interest rate and possible hidden charges credit card brings, your money will be wasted in these fees. The best way is to pay in cash to avoid trouble.   5. Enjoy saving money!  Do not think you deprived yourself of the things you want because you are saving money. Always remember, saving money is not just for what is here and now. It brings benefits for your future plans especially for retiring early as OFWs. Control your spending by thinking what is important for your future and for your family.  6. Save Money On Your Food  This does not mean you skip a meal to save! Avoid too much fast food or coffee. Cooking your own food will give you a lot of savings. Pack a healthy lunch and enjoy listing a menu for a week. Always remember, "wasting food is also wasting money."  7. Look for a Sideline  If saving money from one job is hard why don't you look for an extra-job? There are many skilled OFWs who can render services to their fellow countrymen such as fixing or repairing computer or cell phone. You can also earn extra money online.   8. Save Your Pennies  We used to have piggy banks when we are young. This is still applicable for adults. You can use empty bottles or jars for your pennies. You won't notice until its full one day.   9. Do not follow the crowd.   "Keep up with the Joneses" is not easy especially if you only have enough money.  Do not get jealous or envious of what other people have. Stop wasting money on parties and clubs. Live simply and save money!  10. Set Your Priorities  Your priorities will be your motivation to save. Ask yourself what's the reason why you are saving money? Is it for your future? Or you want to invest in something more beneficial and profitable for your retirement? This will be your priorities on your saving plan.

4. Do Not Use Credit Cards

If you do not know the pros and cons of using a credit card, don't use it. If you do not know the interest rate and possible hidden charges credit card brings, your money will be wasted in these fees. The best way is to pay in cash to avoid trouble. 
For Overseas Filipino Workers (OFWs), saving money from monthly salary is not easy especially if you are earning just enough for your family and your needs. We all know that many OFWs are living from paycheck to paycheck because the big amount of their earning will go as remittances to their families back home.  But as the one working for our family, we should bear in mind that personal savings are very important, not just for retirement but also for emergency purposes. The lack of saving results in debt not just in OFWs but to all people.  Always remember, all people can save money. This is not just for people with high income but also for individuals who are earning less.All we need to do is to motivate ourselves and have a goal.  For OFWs, here are some easy tips to save money even you are earning low!  1. Save money on your housing cost.  As an OFW and you paid your own accommodation while working abroad you can always share your room with your fellow OFWs so that payment can be cut in half or more. Your savings from your housing cost is a good start.  2.  Knows how to budget.  Budgeting is very important in saving money from your monthly salary. You can now buy cheap things at thrift stores. Always buy your basic needs and stop being an impulsive buyer. You can buy the things you want in the future if you already have enough savings for yourself. A written budget is very important to track your expenses.  3. Consider 2nd hand items.  Second-hand item is cheaper compared to brand new. Or when buying things, always compare the price and look for the lowest. You can also buy stuff online. Online shopping has many benefits things are purchased at a very reasonable price. Through this, you can save money from your low budget.  4. Do Not Use Credit Cards  If you do not know the pros and cons of using a credit card, don't use it. If you do not know the interest rate and possible hidden charges credit card brings, your money will be wasted in these fees. The best way is to pay in cash to avoid trouble.   5. Enjoy saving money!  Do not think you deprived yourself of the things you want because you are saving money. Always remember, saving money is not just for what is here and now. It brings benefits for your future plans especially for retiring early as OFWs. Control your spending by thinking what is important for your future and for your family.  6. Save Money On Your Food  This does not mean you skip a meal to save! Avoid too much fast food or coffee. Cooking your own food will give you a lot of savings. Pack a healthy lunch and enjoy listing a menu for a week. Always remember, "wasting food is also wasting money."  7. Look for a Sideline  If saving money from one job is hard why don't you look for an extra-job? There are many skilled OFWs who can render services to their fellow countrymen such as fixing or repairing computer or cell phone. You can also earn extra money online.   8. Save Your Pennies  We used to have piggy banks when we are young. This is still applicable for adults. You can use empty bottles or jars for your pennies. You won't notice until its full one day.   9. Do not follow the crowd.   "Keep up with the Joneses" is not easy especially if you only have enough money.  Do not get jealous or envious of what other people have. Stop wasting money on parties and clubs. Live simply and save money!  10. Set Your Priorities  Your priorities will be your motivation to save. Ask yourself what's the reason why you are saving money? Is it for your future? Or you want to invest in something more beneficial and profitable for your retirement? This will be your priorities on your saving plan.

5. Enjoy saving money!

Do not think you deprived yourself of the things you want because you are saving money. Always remember, saving money is not just for what is here and now. It brings benefits for your future plans especially for retiring early as OFWs. Control your spending by thinking what is important for your future and for your family.
For Overseas Filipino Workers (OFWs), saving money from monthly salary is not easy especially if you are earning just enough for your family and your needs. We all know that many OFWs are living from paycheck to paycheck because the big amount of their earning will go as remittances to their families back home.  But as the one working for our family, we should bear in mind that personal savings are very important, not just for retirement but also for emergency purposes. The lack of saving results in debt not just in OFWs but to all people.  Always remember, all people can save money. This is not just for people with high income but also for individuals who are earning less.All we need to do is to motivate ourselves and have a goal.  For OFWs, here are some easy tips to save money even you are earning low!  1. Save money on your housing cost.  As an OFW and you paid your own accommodation while working abroad you can always share your room with your fellow OFWs so that payment can be cut in half or more. Your savings from your housing cost is a good start.  2.  Knows how to budget.  Budgeting is very important in saving money from your monthly salary. You can now buy cheap things at thrift stores. Always buy your basic needs and stop being an impulsive buyer. You can buy the things you want in the future if you already have enough savings for yourself. A written budget is very important to track your expenses.  3. Consider 2nd hand items.  Second-hand item is cheaper compared to brand new. Or when buying things, always compare the price and look for the lowest. You can also buy stuff online. Online shopping has many benefits things are purchased at a very reasonable price. Through this, you can save money from your low budget.  4. Do Not Use Credit Cards  If you do not know the pros and cons of using a credit card, don't use it. If you do not know the interest rate and possible hidden charges credit card brings, your money will be wasted in these fees. The best way is to pay in cash to avoid trouble.   5. Enjoy saving money!  Do not think you deprived yourself of the things you want because you are saving money. Always remember, saving money is not just for what is here and now. It brings benefits for your future plans especially for retiring early as OFWs. Control your spending by thinking what is important for your future and for your family.  6. Save Money On Your Food  This does not mean you skip a meal to save! Avoid too much fast food or coffee. Cooking your own food will give you a lot of savings. Pack a healthy lunch and enjoy listing a menu for a week. Always remember, "wasting food is also wasting money."  7. Look for a Sideline  If saving money from one job is hard why don't you look for an extra-job? There are many skilled OFWs who can render services to their fellow countrymen such as fixing or repairing computer or cell phone. You can also earn extra money online.   8. Save Your Pennies  We used to have piggy banks when we are young. This is still applicable for adults. You can use empty bottles or jars for your pennies. You won't notice until its full one day.   9. Do not follow the crowd.   "Keep up with the Joneses" is not easy especially if you only have enough money.  Do not get jealous or envious of what other people have. Stop wasting money on parties and clubs. Live simply and save money!  10. Set Your Priorities  Your priorities will be your motivation to save. Ask yourself what's the reason why you are saving money? Is it for your future? Or you want to invest in something more beneficial and profitable for your retirement? This will be your priorities on your saving plan.

6. Save Money On Your Food

This does not mean you skip a meal to save! Avoid too much fast food or coffee. Cooking your own food will give you a lot of savings. Pack a healthy lunch and enjoy listing a menu for a week. Always remember, "wasting food is also wasting money."
For Overseas Filipino Workers (OFWs), saving money from monthly salary is not easy especially if you are earning just enough for your family and your needs. We all know that many OFWs are living from paycheck to paycheck because the big amount of their earning will go as remittances to their families back home.  But as the one working for our family, we should bear in mind that personal savings are very important, not just for retirement but also for emergency purposes. The lack of saving results in debt not just in OFWs but to all people.  Always remember, all people can save money. This is not just for people with high income but also for individuals who are earning less.All we need to do is to motivate ourselves and have a goal.  For OFWs, here are some easy tips to save money even you are earning low!  1. Save money on your housing cost.  As an OFW and you paid your own accommodation while working abroad you can always share your room with your fellow OFWs so that payment can be cut in half or more. Your savings from your housing cost is a good start.  2.  Knows how to budget.  Budgeting is very important in saving money from your monthly salary. You can now buy cheap things at thrift stores. Always buy your basic needs and stop being an impulsive buyer. You can buy the things you want in the future if you already have enough savings for yourself. A written budget is very important to track your expenses.  3. Consider 2nd hand items.  Second-hand item is cheaper compared to brand new. Or when buying things, always compare the price and look for the lowest. You can also buy stuff online. Online shopping has many benefits things are purchased at a very reasonable price. Through this, you can save money from your low budget.  4. Do Not Use Credit Cards  If you do not know the pros and cons of using a credit card, don't use it. If you do not know the interest rate and possible hidden charges credit card brings, your money will be wasted in these fees. The best way is to pay in cash to avoid trouble.   5. Enjoy saving money!  Do not think you deprived yourself of the things you want because you are saving money. Always remember, saving money is not just for what is here and now. It brings benefits for your future plans especially for retiring early as OFWs. Control your spending by thinking what is important for your future and for your family.  6. Save Money On Your Food  This does not mean you skip a meal to save! Avoid too much fast food or coffee. Cooking your own food will give you a lot of savings. Pack a healthy lunch and enjoy listing a menu for a week. Always remember, "wasting food is also wasting money."  7. Look for a Sideline  If saving money from one job is hard why don't you look for an extra-job? There are many skilled OFWs who can render services to their fellow countrymen such as fixing or repairing computer or cell phone. You can also earn extra money online.   8. Save Your Pennies  We used to have piggy banks when we are young. This is still applicable for adults. You can use empty bottles or jars for your pennies. You won't notice until its full one day.   9. Do not follow the crowd.   "Keep up with the Joneses" is not easy especially if you only have enough money.  Do not get jealous or envious of what other people have. Stop wasting money on parties and clubs. Live simply and save money!  10. Set Your Priorities  Your priorities will be your motivation to save. Ask yourself what's the reason why you are saving money? Is it for your future? Or you want to invest in something more beneficial and profitable for your retirement? This will be your priorities on your saving plan.

7. Look for a Sideline

If saving money from one job is hard why don't you look for an extra-job? There are many skilled OFWs who can render services to their fellow countrymen such as fixing or repairing computer or cell phone. You can also earn extra money online. 
For Overseas Filipino Workers (OFWs), saving money from monthly salary is not easy especially if you are earning just enough for your family and your needs. We all know that many OFWs are living from paycheck to paycheck because the big amount of their earning will go as remittances to their families back home.  But as the one working for our family, we should bear in mind that personal savings are very important, not just for retirement but also for emergency purposes. The lack of saving results in debt not just in OFWs but to all people.  Always remember, all people can save money. This is not just for people with high income but also for individuals who are earning less.All we need to do is to motivate ourselves and have a goal.  For OFWs, here are some easy tips to save money even you are earning low!  1. Save money on your housing cost.  As an OFW and you paid your own accommodation while working abroad you can always share your room with your fellow OFWs so that payment can be cut in half or more. Your savings from your housing cost is a good start.  2.  Knows how to budget.  Budgeting is very important in saving money from your monthly salary. You can now buy cheap things at thrift stores. Always buy your basic needs and stop being an impulsive buyer. You can buy the things you want in the future if you already have enough savings for yourself. A written budget is very important to track your expenses.  3. Consider 2nd hand items.  Second-hand item is cheaper compared to brand new. Or when buying things, always compare the price and look for the lowest. You can also buy stuff online. Online shopping has many benefits things are purchased at a very reasonable price. Through this, you can save money from your low budget.  4. Do Not Use Credit Cards  If you do not know the pros and cons of using a credit card, don't use it. If you do not know the interest rate and possible hidden charges credit card brings, your money will be wasted in these fees. The best way is to pay in cash to avoid trouble.   5. Enjoy saving money!  Do not think you deprived yourself of the things you want because you are saving money. Always remember, saving money is not just for what is here and now. It brings benefits for your future plans especially for retiring early as OFWs. Control your spending by thinking what is important for your future and for your family.  6. Save Money On Your Food  This does not mean you skip a meal to save! Avoid too much fast food or coffee. Cooking your own food will give you a lot of savings. Pack a healthy lunch and enjoy listing a menu for a week. Always remember, "wasting food is also wasting money."  7. Look for a Sideline  If saving money from one job is hard why don't you look for an extra-job? There are many skilled OFWs who can render services to their fellow countrymen such as fixing or repairing computer or cell phone. You can also earn extra money online.   8. Save Your Pennies  We used to have piggy banks when we are young. This is still applicable for adults. You can use empty bottles or jars for your pennies. You won't notice until its full one day.   9. Do not follow the crowd.   "Keep up with the Joneses" is not easy especially if you only have enough money.  Do not get jealous or envious of what other people have. Stop wasting money on parties and clubs. Live simply and save money!  10. Set Your Priorities  Your priorities will be your motivation to save. Ask yourself what's the reason why you are saving money? Is it for your future? Or you want to invest in something more beneficial and profitable for your retirement? This will be your priorities on your saving plan.

8. Save Your Pennies

We used to have piggy banks when we are young. This is still applicable for adults. You can use empty bottles or jars for your pennies. You won't notice until its full one day. 
For Overseas Filipino Workers (OFWs), saving money from monthly salary is not easy especially if you are earning just enough for your family and your needs. We all know that many OFWs are living from paycheck to paycheck because the big amount of their earning will go as remittances to their families back home.  But as the one working for our family, we should bear in mind that personal savings are very important, not just for retirement but also for emergency purposes. The lack of saving results in debt not just in OFWs but to all people.  Always remember, all people can save money. This is not just for people with high income but also for individuals who are earning less.All we need to do is to motivate ourselves and have a goal.  For OFWs, here are some easy tips to save money even you are earning low!  1. Save money on your housing cost.  As an OFW and you paid your own accommodation while working abroad you can always share your room with your fellow OFWs so that payment can be cut in half or more. Your savings from your housing cost is a good start.  2.  Knows how to budget.  Budgeting is very important in saving money from your monthly salary. You can now buy cheap things at thrift stores. Always buy your basic needs and stop being an impulsive buyer. You can buy the things you want in the future if you already have enough savings for yourself. A written budget is very important to track your expenses.  3. Consider 2nd hand items.  Second-hand item is cheaper compared to brand new. Or when buying things, always compare the price and look for the lowest. You can also buy stuff online. Online shopping has many benefits things are purchased at a very reasonable price. Through this, you can save money from your low budget.  4. Do Not Use Credit Cards  If you do not know the pros and cons of using a credit card, don't use it. If you do not know the interest rate and possible hidden charges credit card brings, your money will be wasted in these fees. The best way is to pay in cash to avoid trouble.   5. Enjoy saving money!  Do not think you deprived yourself of the things you want because you are saving money. Always remember, saving money is not just for what is here and now. It brings benefits for your future plans especially for retiring early as OFWs. Control your spending by thinking what is important for your future and for your family.  6. Save Money On Your Food  This does not mean you skip a meal to save! Avoid too much fast food or coffee. Cooking your own food will give you a lot of savings. Pack a healthy lunch and enjoy listing a menu for a week. Always remember, "wasting food is also wasting money."  7. Look for a Sideline  If saving money from one job is hard why don't you look for an extra-job? There are many skilled OFWs who can render services to their fellow countrymen such as fixing or repairing computer or cell phone. You can also earn extra money online.   8. Save Your Pennies  We used to have piggy banks when we are young. This is still applicable for adults. You can use empty bottles or jars for your pennies. You won't notice until its full one day.   9. Do not follow the crowd.   "Keep up with the Joneses" is not easy especially if you only have enough money.  Do not get jealous or envious of what other people have. Stop wasting money on parties and clubs. Live simply and save money!  10. Set Your Priorities  Your priorities will be your motivation to save. Ask yourself what's the reason why you are saving money? Is it for your future? Or you want to invest in something more beneficial and profitable for your retirement? This will be your priorities on your saving plan.

9. Do not follow the crowd. 

"Keep up with the Joneses" is not easy especially if you only have enough money. Do not get jealous or envious of what other people have. Stop wasting money on parties and clubs. Live simply and save money!
For Overseas Filipino Workers (OFWs), saving money from monthly salary is not easy especially if you are earning just enough for your family and your needs. We all know that many OFWs are living from paycheck to paycheck because the big amount of their earning will go as remittances to their families back home.  But as the one working for our family, we should bear in mind that personal savings are very important, not just for retirement but also for emergency purposes. The lack of saving results in debt not just in OFWs but to all people.  Always remember, all people can save money. This is not just for people with high income but also for individuals who are earning less.All we need to do is to motivate ourselves and have a goal.  For OFWs, here are some easy tips to save money even you are earning low!  1. Save money on your housing cost.  As an OFW and you paid your own accommodation while working abroad you can always share your room with your fellow OFWs so that payment can be cut in half or more. Your savings from your housing cost is a good start.  2.  Knows how to budget.  Budgeting is very important in saving money from your monthly salary. You can now buy cheap things at thrift stores. Always buy your basic needs and stop being an impulsive buyer. You can buy the things you want in the future if you already have enough savings for yourself. A written budget is very important to track your expenses.  3. Consider 2nd hand items.  Second-hand item is cheaper compared to brand new. Or when buying things, always compare the price and look for the lowest. You can also buy stuff online. Online shopping has many benefits things are purchased at a very reasonable price. Through this, you can save money from your low budget.  4. Do Not Use Credit Cards  If you do not know the pros and cons of using a credit card, don't use it. If you do not know the interest rate and possible hidden charges credit card brings, your money will be wasted in these fees. The best way is to pay in cash to avoid trouble.   5. Enjoy saving money!  Do not think you deprived yourself of the things you want because you are saving money. Always remember, saving money is not just for what is here and now. It brings benefits for your future plans especially for retiring early as OFWs. Control your spending by thinking what is important for your future and for your family.  6. Save Money On Your Food  This does not mean you skip a meal to save! Avoid too much fast food or coffee. Cooking your own food will give you a lot of savings. Pack a healthy lunch and enjoy listing a menu for a week. Always remember, "wasting food is also wasting money."  7. Look for a Sideline  If saving money from one job is hard why don't you look for an extra-job? There are many skilled OFWs who can render services to their fellow countrymen such as fixing or repairing computer or cell phone. You can also earn extra money online.   8. Save Your Pennies  We used to have piggy banks when we are young. This is still applicable for adults. You can use empty bottles or jars for your pennies. You won't notice until its full one day.   9. Do not follow the crowd.   "Keep up with the Joneses" is not easy especially if you only have enough money.  Do not get jealous or envious of what other people have. Stop wasting money on parties and clubs. Live simply and save money!  10. Set Your Priorities  Your priorities will be your motivation to save. Ask yourself what's the reason why you are saving money? Is it for your future? Or you want to invest in something more beneficial and profitable for your retirement? This will be your priorities on your saving plan.

10. Set Your Priorities 

Your priorities will be your motivation to save. Ask yourself what's the reason why you are saving money? Is it for your future? Or you want to invest in something more beneficial and profitable for your retirement? This will be your priorities on your saving plan.


For Overseas Filipino Workers (OFWs), saving money from monthly salary is not easy especially if you are earning just enough for your family and your needs. We all know that many OFWs are living from paycheck to paycheck because the big amount of their earning will go as remittances to their families back home.  But as the one working for our family, we should bear in mind that personal savings are very important, not just for retirement but also for emergency purposes. The lack of saving results in debt not just in OFWs but to all people.  Always remember, all people can save money. This is not just for people with high income but also for individuals who are earning less.All we need to do is to motivate ourselves and have a goal.  For OFWs, here are some easy tips to save money even you are earning low!  1. Save money on your housing cost.  As an OFW and you paid your own accommodation while working abroad you can always share your room with your fellow OFWs so that payment can be cut in half or more. Your savings from your housing cost is a good start.  2.  Knows how to budget.  Budgeting is very important in saving money from your monthly salary. You can now buy cheap things at thrift stores. Always buy your basic needs and stop being an impulsive buyer. You can buy the things you want in the future if you already have enough savings for yourself. A written budget is very important to track your expenses.  3. Consider 2nd hand items.  Second-hand item is cheaper compared to brand new. Or when buying things, always compare the price and look for the lowest. You can also buy stuff online. Online shopping has many benefits things are purchased at a very reasonable price. Through this, you can save money from your low budget.  4. Do Not Use Credit Cards  If you do not know the pros and cons of using a credit card, don't use it. If you do not know the interest rate and possible hidden charges credit card brings, your money will be wasted in these fees. The best way is to pay in cash to avoid trouble.   5. Enjoy saving money!  Do not think you deprived yourself of the things you want because you are saving money. Always remember, saving money is not just for what is here and now. It brings benefits for your future plans especially for retiring early as OFWs. Control your spending by thinking what is important for your future and for your family.  6. Save Money On Your Food  This does not mean you skip a meal to save! Avoid too much fast food or coffee. Cooking your own food will give you a lot of savings. Pack a healthy lunch and enjoy listing a menu for a week. Always remember, "wasting food is also wasting money."  7. Look for a Sideline  If saving money from one job is hard why don't you look for an extra-job? There are many skilled OFWs who can render services to their fellow countrymen such as fixing or repairing computer or cell phone. You can also earn extra money online.   8. Save Your Pennies  We used to have piggy banks when we are young. This is still applicable for adults. You can use empty bottles or jars for your pennies. You won't notice until its full one day.   9. Do not follow the crowd.   "Keep up with the Joneses" is not easy especially if you only have enough money.  Do not get jealous or envious of what other people have. Stop wasting money on parties and clubs. Live simply and save money!  10. Set Your Priorities  Your priorities will be your motivation to save. Ask yourself what's the reason why you are saving money? Is it for your future? Or you want to invest in something more beneficial and profitable for your retirement? This will be your priorities on your saving plan.
This article is filed under: Finance, OFW Save Money, Money Tips for OFW, OFW Monthly Salary


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Mr.Francisco Colayco, a financial coach, revealed the secret on how to handle finances and not to worry about paying loans, mortgages or rent on your retirement. he revealed the most possible problem why Overseas Filipino Workers (OFWs) remain broke after years of working overseas.

As a Filipino that works abroad or OFW, how long would you like to work in other country and be away from your family? Do you have a goal to be able to come back in the Philippines for good, let us say, after 10 years of working?  Others may say, this is impossible because of too many spending to meet, especially with a family back home without a stable income.  But according to wealth expert Vice Rapisura, president of the Social Enterprise Development Partnership, Inc. it is possible for an OFW to set a goal to come back home.  He said the poor financial literacy, lack of a financial plan is often the cause why OFWs come home empty-handed despite the higher salary they get while working in other countries.  Sad to say, some OFWs are even poorer than before they left, he said
But for OFWs, we all know that working abroad is hard and lonely, but we do anyway to provide the needs and even the wants of our loved ones. Nothing is wrong to provide the needs of our families since this is the main reason why we choose to work abroad - to alleviate the lives of our families.   But for OFWs out there, we should not forget that working abroad is not forever. We are not always young, healthy and capable of working. That is why it is important to save and invest for our retirement and family's future.




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