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Showing posts with label Debt. Show all posts
Showing posts with label Debt. Show all posts

Monday, December 05, 2022

10 Smart Tips sa Pag-Gastos ng Inyong 13th Month Pay




DUMATING na nga ang pinaka-masayang buwan ng taon at ito ang buwan ng Disyembre kung saan pinag-diriwang ang Pasko na susundan naman ng Bagong Taon.

Ito ang buwan na pinakahihintay ng mga empleyado lalo na sa tatanggapin na mga bonus at 13th month pay. Pero napag-isipan mo na ba kung saan mo gagastusin ang 13th month pay mo upang maging makabuluhan ito? Hindi maikakaila na nag-mahal na ang halos lahat na mga gastusin sa ngayon, kaya't kung hindi ka mag-hihinay-hinay sa pag-waldas, mauubos at mawawala na parang bula ang iyong pinaka-hihintay na 13th month pay.

Sa mga tatanggap ng 13th month pay ngayong Disyembre, narito ang 13 bagay na maaari mong pag-laanan ng iyong pera upang maging makabuluhan ito.

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1. Pambayad ng utang!

May kasabihan na "Ang hindi marunong magbayad sa pinagka-utangan, ay hindi na makaka-ulit kaylan man".  Masarap isipin na wala tayong utang. Isa sa pinaka-magandang regalo sa sarili ngayong Pasko ay peace of mind at kawalan ng mga naniningil. 
Alamin kung magkano ang mga utang mo at unang bayaran ang mga may malaking interest rate, upang hindi ka mabaon sa kala-unan.

2. Mag-simulang mag-invest

Kung maliit lamang o walang utang na babayaran, maaaring gamitin ang 13th month pay sa pag-invest. Maaaring mag-invest sa Modified Pag-IBIG 2 o MP2 Savings ng Pag-IBIG Fund o sa SSS Pesos Fun. Mga government-guaranteed savings programs ito na ideal investment para sa mga naghahanap ng mura at low-risk investment.

Halimbawa na lamang sa Pag-IBIG MP2, maaari kang mag-simula sa pag-invest ng P500 kada buwan.

Maliban dito, maaari mo ring pag-isipan ang real-estate investment o pagbili ng lupa o house and lot. Hindi man kaya ng 13th month pay mo na bayarang buo ang isang properties, pero, kaya naman siguro nitong bayaran ang downpayment.

Ang nasabing mga properties ay maaari mong paupahan sa mga tenats o negosyante at kumita mula sa bayad sa renta.

3. Magsimula ng maliit na negosyo o palakihin ito!

Kung mahilig ka sa sideline, bakit hindi mo gamitin ang 13th month pay mo bilang capital sa pagsisimula ng maliit na negosyo.

Ayon sa sikat na financial consultant na si Chinkee Tan, "Don't be afraid to take risk, mas kabahan ka kung wala kang ginawa sa buhay mo."

Maaaring may ideya ka na noon sa gusto mong negosyo ngunit hindi mo ito nasimulan dahil sa kawalan ng capital. Ngayong may 13th month pay kang tatanggapin, baka ito na ang tamang panahon. Maraming mga maliliit na business ideas na maaari mong simulan na may mababang kapital. 

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4. Kumuha ng Insurance

Isa sa pinaka-importanteng investment sa buhay ang pagkuha ng insurance. Madalas, binabalewala lamang ito ng mga Pilipino dahil hindi naman ito kailangan agad. Ngunit hindi natin alam kung ano ang mangyayari bukas, dahilan kung bakit importante na handa tayo sakaling may dumating na hindi inaasahang pangyayari o trahedya. 

Sa pamamagitan ng 13th month pay mo, maaari mong simulan ang pagkuha ng life insurance, car insurance, home insurance o health insurance.

5. Gamitin bilang Emergency Fund!

Kung ayaw mong gastusin ang iyong 13th month pay, maaari mo itong idadag o gamitin bilang emergency fund. Sa panahon ngayon, importante ang pagkakaroon ng emergency fund na hindi bababa sa anim na buwan ng iyong living expenses.

6. Ilaan sa Retirement Fund!

Maaaring napaka-aga pa para paghandaan ang iyong retirement, ngunit hindi ibig sabihin na babalewalain mo na lamang ito sa ngayon. Kung walang ibang paglala-anan ng 13th month pay, maaari mo itong i-impok sa bangko bilang retirement fund.

7. Gamitin sa Bakasyon

Maaari mo ring gamitin ang iyong 13th month pay sa pagbakasyon sa ibang lugar. Hindi maikakaila na halos tatlong taon din na walang bakasyon ang karamihan dahil sa Covid-19 pandemic. Wala mang financial return ang pagbakasyon sa ibang lugar, nakakabuti naman ito sa physical at mental well-being ng isang tao.

8. Gamiting pampa-ayos ng bahay

Magandang ideya din na gamitin ang 13th month pay sa pagpapa-ayos ng bahay. Maaaring gamitin ang pera sa pagpapa-pintura, pagpapalit ng mga tumutulong bubong at iba pang maka-buluhang repair upang masiguro ang comfort at kaligtasan ng mga naka-tira.

9. Gamitin para sa pamilya

Pamilya ang dahilan kung bakit tayo nagta-trabaho, kaya bakit hindi mo gamitin ang 13th month pay mo sa kanila sa pamamagitan ng pagbili ng mga bagay na kailangan nila. Mag-isip ng mga makabuluhang bahay na kailangan ng mga magulang, kapatid, asawa o mga anak at bilhin ito bilang regalo. Hindi lang ito makakatulong sa kanilang pamumuhay, magiging masaya din sila ngayong Pasko.

10. I-share ang iyong mga blessings!

Season of giving ang Pasko at isa sa pinaka-magandang paraan sa pag-selebrate nito ay ang pag-bahagi ng iyong mga blessings sa iba kahit sa simple o maliit na paraan.

©2020 THOUGHTSKOTO
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Friday, December 03, 2021

Paano maging "wais" sa paggastos ng 'yong 13th Month Pay






MANILA, Philippines — MALIBAN sa selebrasyon ng Pasko at Bagong Taon, isa sa pinaka-masayang araw sa buwan ng Disyembre ay ang pagtanggap ng 13th month pay. Isa ito sa mga pinaka-hihintay ng mga empleyadong nagtatrabaho sa gobyerno man o sa pribadong institution.

Alam nating lahat na hindi dapat ginagastos sa mga walang kwentang bagay ang 13th Month Pay dahil minsan lamang ito dumarating sa buhay ng isang empleyado.

Kaya bago mo ito ibili ng mamahaling sapatos o bagong cellphone, narito ang ilan sa mga importante at makabuluhang bagay na maaari mong ikonsidera na paggastusan ng iyong 13th month pay.

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1. Pambayad utang

Hindi maikakaila na nakakasira ng mood ang mga naniningil ng utang lalo na kung walang pambayad. Huwag mong hintayin na sirain din nito ang masayang selebrasyon mo ng Pasko at Bagong Taon. Isa sa pinaka-magandang pagsisimula din ng Bagong Taon ang kawalan ng utang.

Kung may pinagkaka-utangan, gawing prioridad ang pagbabayad ng utang sa pamamagitan ng 13th month pay mong matatanggap at simulan ang bagong taon na walang utang.
Kung may mga hindi nabayarang credit card bills, bayaran muna ito bago gumastos sa ibang bagay. Maaari ding gamitin ang 13th month pay bilang advance payment sa binabayarang sasakyan o bahay.

Gawin ito sa pamamagitan ng paglista sa mga utang at kung alin sa mga ito ang dapat unang bayaran. Unahing bayaran ang pinaka-malaki at may pinaka-maas na interes na utang at isunod ang mga maliliit at hindi naman kailangang bayaran agad.

Hindi maikakaila na napakaganda sa pakiramdam na hindi tayo nai-istress ukol sa pera lalo na sa mga utang na may malaking interes, maliban pa sa mga naniningil.

Ang peace of mind ay isa sa piaka-magandang regalo na maaari mong ibigay sa iyong sarili ngayong holiday season.
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2. Investment

Kung wala ka namang utang na dapat bayaran at nag-iisip ng makabuluhang bagay para sa iyong 13th month pay, maaari mong i-konsidera ang pag-invest.

Magandang source ng passive income ang investment gaya ng stocks at mutual funds sa kondisyon na popondohan mo ito ng regular. 

Sa investment, maraming maaaring pagpilian:
  • Mutual funds at UITFs – Maaaring magsimula sa mutual funds o Unit Investment Trust Fund, lalo na kung baguhan ka sa aspetong ito. Maaaring magsimula sa halagang P1,000 para minimal lamang ang risk ng iyong investment.

  • Stock investments — Kung gusto mo namang mas challenging, maaaring mong subukan ang stocks. Itinuturing itong high-risk, high-reward type na investment, kaya dapat may alam ka sa stock market bago mo ito pasukin.

  • Pag-IBIG/SSS investments — Maaari ka ring mag-invest sa mga government-regulated funds upang masigurong tutubo ang pera mo. Sa halagang P500, maaari kanang makapag-simula ng investment dito.

  • Real estate investments — Bakit hindi mo gamitin ang iyong 13th month pay sa pag-invest para sa dream home mo? Maaaring kulang ang iyong Christmas bonus para bumili ng bahay o lupa, pero maaari mong gamitin ito bilang pambayad ng downpayment sa isang home lot o rent-to-own condominium. Kahit wala kang plano sa ngayon na tumira sa mga ito, maaari mo naman itong paupahan sa mga tenants o business owners kung saan maaari kapang kumita mula sa renta.

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3. Magbukas ng savings account at emergency fund

Isa sa pinaka-importanteng bagay na dapat mayroon ang isang tao ay ang savings at emergency fund upang may magamit sa panahon ng pangangailangan.

Kung wala ka pang naitatabi, maaaring gamitin mo ang iyong 13th month pay upang magbukas ng savings account at emergency fund sa banko.

Alam natin na hindi madali ang pagkakaroon ng emergency fund dahil sa iba't-ibang financial obligation na mayroon tayo. Ngunit importanteng mayroon tayong savings o emergency fund bilang "safety net" o madudukot sa mga panahon ng labis na pangangailangan. 

Ang "rule of thumb" sa pag-iipon ng emergency fund ay hindi dapat bababa ang halaga nito sa kabuuan halaga ng iyong tatlong buwanang sahod.

Kung sumasahod ka ng P25,000 kada buwan, dapat nasa P75,000 ang emergency fund mo. Maaari kang mag-simula sa mababang halaga hanggang sa makamit mo ang iyong target at palaguin.

4. Planuhin na ang pag-retiro

Sa edad na 25-anyos, maaaring masabi mo sa sarili na napaka-aga pa upang pagplanuhan ang pag-retiro, ngunit hindi mo rin dapat hintayin na magiging 50-anyos ka bago mo ito pag-isipan. Itinuturing bilang "most rewarding gifts" para sa sarili ang maagang pagplano ng pag-retiro. Hindi lamang ito para sa sarili mo ngunit maging sa iyong pamilya.

Ayon sa isang pag-aaral, karamihan sa mga Filipinos ay hindi naghahanda para sa kanilang retirement.

Ayon sa pag-aaral ng Global Aging Institute and Pru Life UK noong 2015, siyam sa 10 Filipino workers na nagreretiro ay nahihirapan sa buhay dahil sa ubos na savings, pagkakasakit at kawalan ng mag-aalaga o nagiging pabigat na sa mga anak. 

Ngunit maaari mo itong maiwasan kung maaga pa lamang ay napaghahandaan mo na ang iyong pag-retiro sa pamamagitan ng paggamit ng iyong 13th month pay bilang paunang ipon para sa iyong retirement fund at gawing habit ang paglalagay nito ng ilang porsyento mula sa iyong buwanang kita.

5. Kumuha ng insurance

Isa sa pinaka-importanteng investment ang insurance na binabalewala ng maraming Filipino dahil hindi naman ito agad kailangan. Ngunit hindi natin alam kung kailan tatama ang mga hindi inaasahang pangyayari sa buhay natin. 

Pasalamat tayo sa 13th month pay na maaring gamitin sa pag-apply sa iba't-ibang uri ng insurance.
  • Life insurance — Maaari mong ipa-insure ang sarili mo o ang mga mahal mo sa buhay. Kayunin nito na may magamit na pera ang mga maiiwang mahal sa buhay o mga anak sakaling ikaw ay sumakabilang-buhay. Maituturing na nakakasakit ang ganitong uri ng insurance ngunit importante ito para sa mga mahal mo sa buhay lalo na kung ikaw ang kumakayod o bread winner ng pamilya.

  • Car insurance — Kung may sasakyan, kailangan din nito ng insurance upang may sasagot sa mga gastusin sakaling maaksidente.

  • Home insurance — Magbibigay naman ito ng financial protection laban sa pagkasira ng iyong bahay dahil sa natural disasters o human error.

  • Health insurance — Kahit may Philhealth na, maaari ka pa ring mag-apply ng health insurance upang masagot nito ang mga bayarin na hindi na sakop ng Philhealth.
6. Magsimula ng negosyo

Maaari mong gamitin ang iyong 13th month pay sa pagsisimula ng sariling maliit na negosyo. Posibleng may naisip kanang negosyo noon ngunit wala kang kapital. Dahil may 13th month pay kana, panahon na upang maisakaturaoan mo ito.

Maraming mga negosyo na nangangailangan ng maliit na kapital kagaya na lamang ng mga sumusunod:

Piso Wi-Fi vending machine – Mas mura ito kung ikukumpara sa computer shop at mas madali din na i-manage. Kailangan lamang mag-invest sa magandang internet connection para makapag-simula.
Cake and pastry business — Kung may skills at talent ka sa paggawa ng mga cakes at pastries, maaaring simulan mo ito sa pamamagitan ng iyong 13th month pay lalo na kung may mga gamit kanang nabili.
Bills payment business — Ito ang isa sa mga pinaka-gusto ng mga Filipinos dahil, sino ba naman ang may gusto sa mahabang pila? Maaari kang magsimula ng sariling payment centers sa halagang P5,000 sa pamamagitan ng pag-invest sa point-of-sale device.

7. Gastusin ang 13th month pay!

Napakasarap gumastos ng pera, ngunit isiping mabuti kung mahalaga ba o kailangan ba talaga ang isang bagay na bibilhin para hindi ito pagsisisihan sa huli.

Maaari mong gastusin ang iyong 13th month pay sa pagpapaganda sa iyong bahay, para sa bakasyon ng buong pamilya o sa pagbili ng gamit na matagal mo nang inaasam-asam.

Perang pinag-hirapan ang 13th month pay kaya bago mo ito gamitin, pag-isipang mabuti ang mga desisyon at iwasan ang padalos-dalos na desisyon sa paggastos.

©2020 THOUGHTSKOTO
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Friday, October 12, 2018

OFW in Oman Chooses Lover Over 4 Kids?



A mother of an Overseas Filipino worker (OFW) in Oman pleads for help after her daughter stops sending remittances to her four children, instead, her hard-earned money abroad, goes to her boyfriend. According to Marlyn Lazo in one episode of Raffy Tulfo In Action, her OFW daughter Irene, rarely sends money to her four kids, instead gives all her earnings abroad to her boyfriend. The mother Marlyn said, she even incurred debt due to the expenses for her daughter's deployment to Oman in last year. She added the debt are still unpaid up to now and she is being pressured by her debtors to pay. According to Marlinda, Irene's sister that she only send them money once from then. On the other hand, OFW Irene explained that she stop sending remittances to her family after her boyfriend suffers bullying from them. She even gave them an ultimatum to stop but it did not happen, that is why she chooses to send his money to the guy. “Nung time po na magpapadala ako sa kanila, binully po ng binully yung lalaki eh wala naman pong ginagawa sa kanila. Marami po silang sinasabi sa akin kaya nasaktan ako, hindi na ako nagpadala ng pera sa kanila,” Irene added that although she is no longer sending remittances to her children, the kids are being supported by her former husband on a weekly basis. When asked if she is willing to send monthly remittances to her family, Irene said, she cannot promise because she already has her own life now. Eventually, Irene agreed to send her family a portion of her salary after being reminded of the reason why she decided to become an OFW in the very first place.
A mother of an Overseas Filipino worker (OFW) in Oman pleads for help after her daughter stops sending remittances to her four children, instead,  her hard-earned money abroad, goes to her boyfriend. 
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 According to Marlyn Lazo in one episode of Raffy Tulfo In Action, her OFW daughter Irene, rarely sends money to her four kids, instead gives all her earnings abroad to her boyfriend. The mother Marlyn said, she even incurred debt due to the expenses for her daughter's deployment to Oman in last year.

Read: 9 Laws in UAE You Might Accidentally Violate That'll Cost You a Fine, Jail Term or Deportation

She added the debt are still unpaid up to now and she is being pressured by her debtors to pay. According to Marlinda, Irene's sister that she only send them money once from then.
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On the other hand, OFW Irene explained that she stop sending remittances to her family after her boyfriend suffers bullying from them. She even gave them an ultimatum to stop but it did not happen, that is why she chooses to send his money to the guy.

“Nung time po na magpapadala ako sa kanila, binully po ng binully yung lalaki eh wala naman pong ginagawa sa kanila. Marami po silang sinasabi sa akin kaya nasaktan ako, hindi na ako nagpadala ng pera sa kanila,” 

 Irene added that although she is no longer sending remittances to her children, the kids are being supported by her former husband on a weekly basis. When asked if she is willing to send monthly remittances to her family, Irene said, she cannot promise because she already has her own life now.

 Read: DFA Advisory: 6 Things to Keep in Mind While Travelling Abroad

Eventually, Irene agreed to send her family a portion of her salary after being reminded of the reason why she decided to become an OFW in the very first place.

 This article is filed under Filipino workers, Filipina maids, remittances, debt, and earnings.

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Whether you are a tourist or overseas Filipino workers (OFW), these reminders from the Department of Foreign Affairs (DFA) are applicable to you one way or another when traveling abroad or visiting other countries. Filipinos love to see new places. No doubt that many of us love to travel and dream to work in other countries as well. But being a tourist or a foreigner does not give you a guarantee that you will be safe from any crimes. Sometimes in other countries, foreigners and tourist are the targets of petty crimes that we can avoid if we are on-guard of ourselves. According to the DFA, regardless of where you are, you should watch out for the following; thieves pickpockets snatchers scammers other petty criminals Aside from this, DFA reminded Filipinos of the following things to keep in mind while traveling in other countries. These things may help you avoid any inconveniences on your travel. Be mindful of and respect local laws and regulations; Always keep alert in crowded areas such as popular tourist spots, airports, bus, train and metro stations, markets and shopping areas, large sports and concert venues, and onboard public transportation, among others, where petty criminals tend to congregate; Be wary of con artists who use a variety of tactics to distract tourists while accomplices gain access to one’s personal items; Be careful of your belongings. Never leave items that may easily be picked up, such as wallets, mobile phones, and cameras, unattended. Always keep these close to you, especially in crowded areas; As much as possible, distribute your cash, credit cards, important documents, and other valuables in separate compartments in your bag; and Keep both hard and electronic copies of your passport, IDs, credit cards and important documents handy while on travel. The DFA said Filipinos whose passports get lost or stolen should immediately secure a Police Report and contact the nearest Philippine Embassy or Consulate for assistance. In a case that you lost your passport in other countries, the DFA said that the Philippine embassy or consulate can help Filipinos by issuing a travel document that will allow them to travel back to the Philippines. But obtaining a replacement for a lost or stolen passport in other countries needs more requirements and much harder compared to applying for a regular passport.

It said that ignorance of the law excuses no one. This is not only applicable here in the Philippines but also in other countries where stricter implementation of the law is enforced like in the United Arab Emirates (UAE) where many Filipinos resides or work as overseas workers. So if you are an OFW in UAE, you should watch out with these nine simple laws that you might accidentally break and make you land into a difficult situation, get fined or prison. 1. Jaywalking In Abu Dhabi alone, Some 50, 595 pedestrians were ticketed for crossing roads illegally last year. The Traffic and Patrol Directorate advised pedestrians to use underpasses, bridges and zebra lines to cross the roads and urge motorist to slow down and give them the right of way. This traffic violation will incur you a fine of Dh400. 2. Photography Taking and publishing pictures of people without their permission is considered illegal in the UAE. It is considered a breach of privacy especially if the affected party files a complaint against you. Fines for cybercrime in the UAE ranges from Dh150,000 to Dh200,000 along with a jail time. There is more. The UAE's Ministry of Interior says that snapping photos or videos of traffic accidents and posting them online is a violation of the law. It is also illegal to post images or videos of aviation accidents. Anyone who found guilty of this may face life imprisonment and/or a fine of Dh50,000 to Dh3 million, as well as deportation. 3. Texting in foul language Watch your mouth especially if you are in UAE. Don't you know that you cannot just drop the F-bomb in public? Yes, because this is a criminal offense. Aside from this, it is also against the law to use abusive language in text or chat such as 'middle finger' emoji. Under the UAE’s cybercrime laws, anyone convicted faces a fine of up to Dhs500,000, a prison sentence, and deportation. Article 20 states that slander, using abusive language, or insulting another person or entity using a computer network or any information technology means is a punishable crime. 4. Flashing your middle finger Flashing your middle finger in UAE is offensive and will get you deported. This hand gesture is a violation of dignity and honor under the UAE Penal Code. According to the Federal Penal Law, deportation has been compulsory against those found guilty of flashing their middle finger in public for several years now. 5. Dirty cars and washing your car in public Your unkempt and dirty vehicle may cost you Dh500 fines. Authorities have warned the public not to leave their cars unwashed for a long time. It said that this is uncivilized behavior that can tarnish the aesthetic appearance of the city. Aside from this don't you know that washing your car in public parking space or in front of buildings in UAE is illegal? Also, there is a regulation that bans washing a car in residential areas. "This violation affects the environment as the dirty water breeds diseases and fouls the area. It also sullies the aesthetic look of the city and makes the place messy," Car owners who pay illegal car washers on public streets or residential areas will be fined Dh 250 while illegal car washers will be fined Dh500. 6. Littering, Spitting, and Burning Waste Anyone who caught littering while walking or throwing out garbage from a vehicle may cost a fine of Dh500. This includes throwing your cigarette buts on the road, in the streets or in the park. In 2017, in Dubai alone, 1,800 people are fined for littering in public places while 500 residents were also fined for spitting on public roads. On the other hand, you may be fined of Dh100 for disposing of waste by burning it in an unauthorized manner. 7. A Bounced Cheque Under UAE Law, the criminal court may convict the person who issues a check that bounced if the receiver files a complaint in the police station. The conviction will be based on evidence provided by the complainant. The criminal court may give the issuer of the cheque a two option either he will pay the money or go to jail. 8. Fund Raising Activity Before you solicit money for a cause or charity, make sure you have a permit to do so. Organizations are required to seek authorization for activities and register the personal details of volunteers. Under the law, it is illegal to conduct volunteering and fundraising activities without authorization. 9. Sharing Secrets Article 379 of the UAE Penal Code states that punishment by detention for a period of not less than one year and by a fine of not less than Dh20,000, or either of these two penalties, shall apply to anyone who is entrusted with a secret by virtue of his profession, trade, position or art and who discloses it in cases other than those lawfully permitted. Privacy, defamation, and confidentiality are taken very seriously under UAE laws. You are also not allowed to publish information or make false defamatory or accusatory statements that could raise public hatred or contempt against an individual or enterprise.

A mother of an Overseas Filipino worker (OFW) in Oman pleads for help after her daughter stops sending remittances to her four children, instead, her hard-earned money abroad, goes to her boyfriend. According to Marlyn Lazo in one episode of Raffy Tulfo In Action, her OFW daughter Irene, rarely sends money to her four kids, instead gives all her earnings abroad to her boyfriend. The mother Marlyn said, she even incurred debt due to the expenses for her daughter's deployment to Oman in last year. She added the debt are still unpaid up to now and she is being pressured by her debtors to pay. According to Marlinda, Irene's sister that she only send them money once from then. On the other hand, OFW Irene explained that she stop sending remittances to her family after her boyfriend suffers bullying from them. She even gave them an ultimatum to stop but it did not happen, that is why she chooses to send his money to the guy. “Nung time po na magpapadala ako sa kanila, binully po ng binully yung lalaki eh wala naman pong ginagawa sa kanila. Marami po silang sinasabi sa akin kaya nasaktan ako, hindi na ako nagpadala ng pera sa kanila,” Irene added that although she is no longer sending remittances to her children, the kids are being supported by her former husband on a weekly basis. When asked if she is willing to send monthly remittances to her family, Irene said, she cannot promise because she already has her own life now. Eventually, Irene agreed to send her family a portion of her salary after being reminded of the reason why she decided to become an OFW in the very first place.

 ©2018 THOUGHTSKOTO
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Thursday, April 19, 2018

Is It True That OFWs Are Rich? Here are 9 Truths You Should Know About The Life of OFWs

Asking for a "pasalubong" from Overseas Filipino Workers (OFWs) who is going home for a vacation is very common. This is because of perceptions that OFWs comes home with a lot of money and OFWs are rich since they are earning "dollars". Families with members working abroad are being envied by neighbors especially when balikbayan boxes arrives laden with imported things such as chocolates, shoes, clothes, gadgets and any other things.
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Asking for a "pasalubong" from Overseas Filipino Workers (OFWs) who is going home for a vacation is very common. This is because of perceptions that OFWs comes home with a lot of money and OFWs are rich since they are earning "dollars". Families with members working abroad are being envied by neighbors especially when balikbayan boxes arrives laden with imported things such as chocolates, shoes, clothes, gadgets and any other things. But what we don't know is the fact that many OFWs are struggling with debt and sacrificed a lot just to provide the needs of families back home. Before they can send their remittances, OFWs must endure first the homesickness and hardship of working away from their families. So if you still treating OFW like ATM here are some truths about their lives. 1. OFWs are not rich Only very small percentage of OFWs are considered rich or well-off after an average of 10 years working in the foreign land. The rest are still struggling to meet the needs of the family. If OFWs are rich, they should be home right now instead of working in other countries. 2. OFWs have multiple debts Before earning "dollars" OFW must pay first his placement fees that raging from P50,000-P100,000. He also needs a lot of money to process documents before can go abroad. Some families sell their properties to fund the application of their family member who wants to work abroad, some took a loan that needs to be paid the soonest because of its ballooning interest. 3. OFWs do not earn big income Since they are earning dollars or any currency with greater value if converted to peso, some of us think that OFWs are earning big. But what we don't realize is that while OFWs are earning dollars, they are also spending dollars. This is the reason why many OFWs are looking for a part-time job to support their families back home and to save even a little amount of money for an emergency. 4. It takes how many months to fill-in the Balikbayan Box OFW families are so excited when Balikyaban Box's arrived. But don't you know what sacrifices OFWs has made to fill in that box? There are stories that some OFWs skip their meals and reduced their savings to buy family's request of shoes, chocolates, etc. 5. OFW's don't have a lot of savings Have you ever wonder why many OFWs come home broke? Or why at old age, OFW is still working abroad? This is because many of them don't have savings for their retirement. Between paying multiple debts, providing for their family in the Philippines, living expenses and filling the balikbayan box, is there is anything left to save? 6. OFWs don't come home millionaires We call OFW, "madamot" if we don't receive pasalubong or if they did not treat us with good food while they are on vacation in the Philippines. But what we don't know is that the left and rights spending of OFWs while on vacation is a money from their savings or advance loan from their company. To be "happy-happy" during vacation, some OFWs spend much more than needed. 7. OFWs can't easily go back abroad Most of the time the money that OFWs set aside for their trip back abroad are spent with the family (shopping, going to the beach, parties, emergencies etc.) after a month’s vacation, which leaves them no other alternative than to get an OFW loan. 8. OFWs don't live a carefree life You may see a lot of OFWs posting pictures of their travels on different parts of the country abroad, but the truth is just like in the Philippines they are mostly budget travels which they have been saving up for months from what little is left of their paycheck and after back-breaking 9 to 5 work. They surely deserve it. 9. OFWs don't live with luxurious houses while working abroad You may see that OFWs lived in aircon houses, comfortable living with modern appliances. But the truth they are living in a shared house with more or less 10 people. Some are even sharing bedrooms just to cut cost and save more for other things. They also share the expense of the food and other bills. Sharing is a thing of beauty which helps keep them fed until the next paycheck. There you go. Those are only a few truths about OFWs. You may also want to know about OFWs pretending to be happy and okay so that families back home will not worry? These are the things OFWs need to endure to earn money so we should be considerate of them in times that our demand is not given.
But what we don't know is the fact that many OFWs are struggling with debt and sacrificed a lot just to provide the needs of families back home. Before they can send their remittances, OFWs must endure first the homesickness and hardship of working away from their families.
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So if you still treating OFW like ATM here are some truths about their lives.


1. OFWs are not rich

Only very small percentage of OFWs are considered rich or well-off after an average of 10 years working in the foreign land. The rest are still struggling to meet the needs of the family. If OFWs are rich, they should be home right now instead of working in other countries.
Asking for a "pasalubong" from Overseas Filipino Workers (OFWs) who is going home for a vacation is very common. This is because of perceptions that OFWs comes home with a lot of money and OFWs are rich since they are earning "dollars". Families with members working abroad are being envied by neighbors especially when balikbayan boxes arrives laden with imported things such as chocolates, shoes, clothes, gadgets and any other things. But what we don't know is the fact that many OFWs are struggling with debt and sacrificed a lot just to provide the needs of families back home. Before they can send their remittances, OFWs must endure first the homesickness and hardship of working away from their families. So if you still treating OFW like ATM here are some truths about their lives. 1. OFWs are not rich Only very small percentage of OFWs are considered rich or well-off after an average of 10 years working in the foreign land. The rest are still struggling to meet the needs of the family. If OFWs are rich, they should be home right now instead of working in other countries. 2. OFWs have multiple debts Before earning "dollars" OFW must pay first his placement fees that raging from P50,000-P100,000. He also needs a lot of money to process documents before can go abroad. Some families sell their properties to fund the application of their family member who wants to work abroad, some took a loan that needs to be paid the soonest because of its ballooning interest. 3. OFWs do not earn big income Since they are earning dollars or any currency with greater value if converted to peso, some of us think that OFWs are earning big. But what we don't realize is that while OFWs are earning dollars, they are also spending dollars. This is the reason why many OFWs are looking for a part-time job to support their families back home and to save even a little amount of money for an emergency. 4. It takes how many months to fill-in the Balikbayan Box OFW families are so excited when Balikyaban Box's arrived. But don't you know what sacrifices OFWs has made to fill in that box? There are stories that some OFWs skip their meals and reduced their savings to buy family's request of shoes, chocolates, etc. 5. OFW's don't have a lot of savings Have you ever wonder why many OFWs come home broke? Or why at old age, OFW is still working abroad? This is because many of them don't have savings for their retirement. Between paying multiple debts, providing for their family in the Philippines, living expenses and filling the balikbayan box, is there is anything left to save? 6. OFWs don't come home millionaires We call OFW, "madamot" if we don't receive pasalubong or if they did not treat us with good food while they are on vacation in the Philippines. But what we don't know is that the left and rights spending of OFWs while on vacation is a money from their savings or advance loan from their company. To be "happy-happy" during vacation, some OFWs spend much more than needed. 7. OFWs can't easily go back abroad Most of the time the money that OFWs set aside for their trip back abroad are spent with the family (shopping, going to the beach, parties, emergencies etc.) after a month’s vacation, which leaves them no other alternative than to get an OFW loan. 8. OFWs don't live a carefree life You may see a lot of OFWs posting pictures of their travels on different parts of the country abroad, but the truth is just like in the Philippines they are mostly budget travels which they have been saving up for months from what little is left of their paycheck and after back-breaking 9 to 5 work. They surely deserve it. 9. OFWs don't live with luxurious houses while working abroad You may see that OFWs lived in aircon houses, comfortable living with modern appliances. But the truth they are living in a shared house with more or less 10 people. Some are even sharing bedrooms just to cut cost and save more for other things. They also share the expense of the food and other bills. Sharing is a thing of beauty which helps keep them fed until the next paycheck. There you go. Those are only a few truths about OFWs. You may also want to know about OFWs pretending to be happy and okay so that families back home will not worry? These are the things OFWs need to endure to earn money so we should be considerate of them in times that our demand is not given.
2. OFWs have multiple debts

Before earning "dollars" OFW must pay first his placement fees that raging from P50,000-P100,000. He also needs a lot of money to process documents before can go abroad. Some families sell their properties to fund the application of their family member who wants to work abroad, some took a loan that needs to be paid the soonest because of its ballooning interest.
Asking for a "pasalubong" from Overseas Filipino Workers (OFWs) who is going home for a vacation is very common. This is because of perceptions that OFWs comes home with a lot of money and OFWs are rich since they are earning "dollars". Families with members working abroad are being envied by neighbors especially when balikbayan boxes arrives laden with imported things such as chocolates, shoes, clothes, gadgets and any other things. But what we don't know is the fact that many OFWs are struggling with debt and sacrificed a lot just to provide the needs of families back home. Before they can send their remittances, OFWs must endure first the homesickness and hardship of working away from their families. So if you still treating OFW like ATM here are some truths about their lives. 1. OFWs are not rich Only very small percentage of OFWs are considered rich or well-off after an average of 10 years working in the foreign land. The rest are still struggling to meet the needs of the family. If OFWs are rich, they should be home right now instead of working in other countries. 2. OFWs have multiple debts Before earning "dollars" OFW must pay first his placement fees that raging from P50,000-P100,000. He also needs a lot of money to process documents before can go abroad. Some families sell their properties to fund the application of their family member who wants to work abroad, some took a loan that needs to be paid the soonest because of its ballooning interest. 3. OFWs do not earn big income Since they are earning dollars or any currency with greater value if converted to peso, some of us think that OFWs are earning big. But what we don't realize is that while OFWs are earning dollars, they are also spending dollars. This is the reason why many OFWs are looking for a part-time job to support their families back home and to save even a little amount of money for an emergency. 4. It takes how many months to fill-in the Balikbayan Box OFW families are so excited when Balikyaban Box's arrived. But don't you know what sacrifices OFWs has made to fill in that box? There are stories that some OFWs skip their meals and reduced their savings to buy family's request of shoes, chocolates, etc. 5. OFW's don't have a lot of savings Have you ever wonder why many OFWs come home broke? Or why at old age, OFW is still working abroad? This is because many of them don't have savings for their retirement. Between paying multiple debts, providing for their family in the Philippines, living expenses and filling the balikbayan box, is there is anything left to save? 6. OFWs don't come home millionaires We call OFW, "madamot" if we don't receive pasalubong or if they did not treat us with good food while they are on vacation in the Philippines. But what we don't know is that the left and rights spending of OFWs while on vacation is a money from their savings or advance loan from their company. To be "happy-happy" during vacation, some OFWs spend much more than needed. 7. OFWs can't easily go back abroad Most of the time the money that OFWs set aside for their trip back abroad are spent with the family (shopping, going to the beach, parties, emergencies etc.) after a month’s vacation, which leaves them no other alternative than to get an OFW loan. 8. OFWs don't live a carefree life You may see a lot of OFWs posting pictures of their travels on different parts of the country abroad, but the truth is just like in the Philippines they are mostly budget travels which they have been saving up for months from what little is left of their paycheck and after back-breaking 9 to 5 work. They surely deserve it. 9. OFWs don't live with luxurious houses while working abroad You may see that OFWs lived in aircon houses, comfortable living with modern appliances. But the truth they are living in a shared house with more or less 10 people. Some are even sharing bedrooms just to cut cost and save more for other things. They also share the expense of the food and other bills. Sharing is a thing of beauty which helps keep them fed until the next paycheck. There you go. Those are only a few truths about OFWs. You may also want to know about OFWs pretending to be happy and okay so that families back home will not worry? These are the things OFWs need to endure to earn money so we should be considerate of them in times that our demand is not given.
3. OFWs do not earn big income

Since they are earning dollars or any currency with greater value if converted to peso, some of us think that OFWs are earning big. But what we don't realize is that while OFWs are earning dollars, they are also spending dollars. This is the reason why many OFWs are looking for a part-time job to support their families back home and to save even a little amount of money for an emergency.
Asking for a "pasalubong" from Overseas Filipino Workers (OFWs) who is going home for a vacation is very common. This is because of perceptions that OFWs comes home with a lot of money and OFWs are rich since they are earning "dollars". Families with members working abroad are being envied by neighbors especially when balikbayan boxes arrives laden with imported things such as chocolates, shoes, clothes, gadgets and any other things. But what we don't know is the fact that many OFWs are struggling with debt and sacrificed a lot just to provide the needs of families back home. Before they can send their remittances, OFWs must endure first the homesickness and hardship of working away from their families. So if you still treating OFW like ATM here are some truths about their lives. 1. OFWs are not rich Only very small percentage of OFWs are considered rich or well-off after an average of 10 years working in the foreign land. The rest are still struggling to meet the needs of the family. If OFWs are rich, they should be home right now instead of working in other countries. 2. OFWs have multiple debts Before earning "dollars" OFW must pay first his placement fees that raging from P50,000-P100,000. He also needs a lot of money to process documents before can go abroad. Some families sell their properties to fund the application of their family member who wants to work abroad, some took a loan that needs to be paid the soonest because of its ballooning interest. 3. OFWs do not earn big income Since they are earning dollars or any currency with greater value if converted to peso, some of us think that OFWs are earning big. But what we don't realize is that while OFWs are earning dollars, they are also spending dollars. This is the reason why many OFWs are looking for a part-time job to support their families back home and to save even a little amount of money for an emergency. 4. It takes how many months to fill-in the Balikbayan Box OFW families are so excited when Balikyaban Box's arrived. But don't you know what sacrifices OFWs has made to fill in that box? There are stories that some OFWs skip their meals and reduced their savings to buy family's request of shoes, chocolates, etc. 5. OFW's don't have a lot of savings Have you ever wonder why many OFWs come home broke? Or why at old age, OFW is still working abroad? This is because many of them don't have savings for their retirement. Between paying multiple debts, providing for their family in the Philippines, living expenses and filling the balikbayan box, is there is anything left to save? 6. OFWs don't come home millionaires We call OFW, "madamot" if we don't receive pasalubong or if they did not treat us with good food while they are on vacation in the Philippines. But what we don't know is that the left and rights spending of OFWs while on vacation is a money from their savings or advance loan from their company. To be "happy-happy" during vacation, some OFWs spend much more than needed. 7. OFWs can't easily go back abroad Most of the time the money that OFWs set aside for their trip back abroad are spent with the family (shopping, going to the beach, parties, emergencies etc.) after a month’s vacation, which leaves them no other alternative than to get an OFW loan. 8. OFWs don't live a carefree life You may see a lot of OFWs posting pictures of their travels on different parts of the country abroad, but the truth is just like in the Philippines they are mostly budget travels which they have been saving up for months from what little is left of their paycheck and after back-breaking 9 to 5 work. They surely deserve it. 9. OFWs don't live with luxurious houses while working abroad You may see that OFWs lived in aircon houses, comfortable living with modern appliances. But the truth they are living in a shared house with more or less 10 people. Some are even sharing bedrooms just to cut cost and save more for other things. They also share the expense of the food and other bills. Sharing is a thing of beauty which helps keep them fed until the next paycheck. There you go. Those are only a few truths about OFWs. You may also want to know about OFWs pretending to be happy and okay so that families back home will not worry? These are the things OFWs need to endure to earn money so we should be considerate of them in times that our demand is not given.
4. It takes how many months to fill-in the Balikbayan Box

OFW families are so excited when Balikyaban Box's arrived. But don't you know what sacrifices OFWs has made to fill in that box? There are stories that some OFWs skip their meals and reduced their savings to buy family's request of shoes, chocolates, etc.
Asking for a "pasalubong" from Overseas Filipino Workers (OFWs) who is going home for a vacation is very common. This is because of perceptions that OFWs comes home with a lot of money and OFWs are rich since they are earning "dollars". Families with members working abroad are being envied by neighbors especially when balikbayan boxes arrives laden with imported things such as chocolates, shoes, clothes, gadgets and any other things. But what we don't know is the fact that many OFWs are struggling with debt and sacrificed a lot just to provide the needs of families back home. Before they can send their remittances, OFWs must endure first the homesickness and hardship of working away from their families. So if you still treating OFW like ATM here are some truths about their lives. 1. OFWs are not rich Only very small percentage of OFWs are considered rich or well-off after an average of 10 years working in the foreign land. The rest are still struggling to meet the needs of the family. If OFWs are rich, they should be home right now instead of working in other countries. 2. OFWs have multiple debts Before earning "dollars" OFW must pay first his placement fees that raging from P50,000-P100,000. He also needs a lot of money to process documents before can go abroad. Some families sell their properties to fund the application of their family member who wants to work abroad, some took a loan that needs to be paid the soonest because of its ballooning interest. 3. OFWs do not earn big income Since they are earning dollars or any currency with greater value if converted to peso, some of us think that OFWs are earning big. But what we don't realize is that while OFWs are earning dollars, they are also spending dollars. This is the reason why many OFWs are looking for a part-time job to support their families back home and to save even a little amount of money for an emergency. 4. It takes how many months to fill-in the Balikbayan Box OFW families are so excited when Balikyaban Box's arrived. But don't you know what sacrifices OFWs has made to fill in that box? There are stories that some OFWs skip their meals and reduced their savings to buy family's request of shoes, chocolates, etc. 5. OFW's don't have a lot of savings Have you ever wonder why many OFWs come home broke? Or why at old age, OFW is still working abroad? This is because many of them don't have savings for their retirement. Between paying multiple debts, providing for their family in the Philippines, living expenses and filling the balikbayan box, is there is anything left to save? 6. OFWs don't come home millionaires We call OFW, "madamot" if we don't receive pasalubong or if they did not treat us with good food while they are on vacation in the Philippines. But what we don't know is that the left and rights spending of OFWs while on vacation is a money from their savings or advance loan from their company. To be "happy-happy" during vacation, some OFWs spend much more than needed. 7. OFWs can't easily go back abroad Most of the time the money that OFWs set aside for their trip back abroad are spent with the family (shopping, going to the beach, parties, emergencies etc.) after a month’s vacation, which leaves them no other alternative than to get an OFW loan. 8. OFWs don't live a carefree life You may see a lot of OFWs posting pictures of their travels on different parts of the country abroad, but the truth is just like in the Philippines they are mostly budget travels which they have been saving up for months from what little is left of their paycheck and after back-breaking 9 to 5 work. They surely deserve it. 9. OFWs don't live with luxurious houses while working abroad You may see that OFWs lived in aircon houses, comfortable living with modern appliances. But the truth they are living in a shared house with more or less 10 people. Some are even sharing bedrooms just to cut cost and save more for other things. They also share the expense of the food and other bills. Sharing is a thing of beauty which helps keep them fed until the next paycheck. There you go. Those are only a few truths about OFWs. You may also want to know about OFWs pretending to be happy and okay so that families back home will not worry? These are the things OFWs need to endure to earn money so we should be considerate of them in times that our demand is not given.
5. OFW's don't have a lot of savings

Have you ever wonder why many OFWs come home broke? Or why at old age, OFW is still working abroad? This is because many of them don't have savings for their retirement. Between paying multiple debts, providing for their family in the Philippines, living expenses and filling the balikbayan box, is there is anything left to save?
Asking for a "pasalubong" from Overseas Filipino Workers (OFWs) who is going home for a vacation is very common. This is because of perceptions that OFWs comes home with a lot of money and OFWs are rich since they are earning "dollars". Families with members working abroad are being envied by neighbors especially when balikbayan boxes arrives laden with imported things such as chocolates, shoes, clothes, gadgets and any other things. But what we don't know is the fact that many OFWs are struggling with debt and sacrificed a lot just to provide the needs of families back home. Before they can send their remittances, OFWs must endure first the homesickness and hardship of working away from their families. So if you still treating OFW like ATM here are some truths about their lives. 1. OFWs are not rich Only very small percentage of OFWs are considered rich or well-off after an average of 10 years working in the foreign land. The rest are still struggling to meet the needs of the family. If OFWs are rich, they should be home right now instead of working in other countries. 2. OFWs have multiple debts Before earning "dollars" OFW must pay first his placement fees that raging from P50,000-P100,000. He also needs a lot of money to process documents before can go abroad. Some families sell their properties to fund the application of their family member who wants to work abroad, some took a loan that needs to be paid the soonest because of its ballooning interest. 3. OFWs do not earn big income Since they are earning dollars or any currency with greater value if converted to peso, some of us think that OFWs are earning big. But what we don't realize is that while OFWs are earning dollars, they are also spending dollars. This is the reason why many OFWs are looking for a part-time job to support their families back home and to save even a little amount of money for an emergency. 4. It takes how many months to fill-in the Balikbayan Box OFW families are so excited when Balikyaban Box's arrived. But don't you know what sacrifices OFWs has made to fill in that box? There are stories that some OFWs skip their meals and reduced their savings to buy family's request of shoes, chocolates, etc. 5. OFW's don't have a lot of savings Have you ever wonder why many OFWs come home broke? Or why at old age, OFW is still working abroad? This is because many of them don't have savings for their retirement. Between paying multiple debts, providing for their family in the Philippines, living expenses and filling the balikbayan box, is there is anything left to save? 6. OFWs don't come home millionaires We call OFW, "madamot" if we don't receive pasalubong or if they did not treat us with good food while they are on vacation in the Philippines. But what we don't know is that the left and rights spending of OFWs while on vacation is a money from their savings or advance loan from their company. To be "happy-happy" during vacation, some OFWs spend much more than needed. 7. OFWs can't easily go back abroad Most of the time the money that OFWs set aside for their trip back abroad are spent with the family (shopping, going to the beach, parties, emergencies etc.) after a month’s vacation, which leaves them no other alternative than to get an OFW loan. 8. OFWs don't live a carefree life You may see a lot of OFWs posting pictures of their travels on different parts of the country abroad, but the truth is just like in the Philippines they are mostly budget travels which they have been saving up for months from what little is left of their paycheck and after back-breaking 9 to 5 work. They surely deserve it. 9. OFWs don't live with luxurious houses while working abroad You may see that OFWs lived in aircon houses, comfortable living with modern appliances. But the truth they are living in a shared house with more or less 10 people. Some are even sharing bedrooms just to cut cost and save more for other things. They also share the expense of the food and other bills. Sharing is a thing of beauty which helps keep them fed until the next paycheck. There you go. Those are only a few truths about OFWs. You may also want to know about OFWs pretending to be happy and okay so that families back home will not worry? These are the things OFWs need to endure to earn money so we should be considerate of them in times that our demand is not given.
6. OFWs don't come home millionaires

We call OFW, "madamot" if we don't receive pasalubong or if they did not treat us with good food while they are on vacation in the Philippines. But what we don't know is that the left and rights spending of OFWs while on vacation is a money from their savings or advance loan from their company. To be "happy-happy" during vacation, some OFWs spend much more than needed.
Asking for a "pasalubong" from Overseas Filipino Workers (OFWs) who is going home for a vacation is very common. This is because of perceptions that OFWs comes home with a lot of money and OFWs are rich since they are earning "dollars". Families with members working abroad are being envied by neighbors especially when balikbayan boxes arrives laden with imported things such as chocolates, shoes, clothes, gadgets and any other things. But what we don't know is the fact that many OFWs are struggling with debt and sacrificed a lot just to provide the needs of families back home. Before they can send their remittances, OFWs must endure first the homesickness and hardship of working away from their families. So if you still treating OFW like ATM here are some truths about their lives. 1. OFWs are not rich Only very small percentage of OFWs are considered rich or well-off after an average of 10 years working in the foreign land. The rest are still struggling to meet the needs of the family. If OFWs are rich, they should be home right now instead of working in other countries. 2. OFWs have multiple debts Before earning "dollars" OFW must pay first his placement fees that raging from P50,000-P100,000. He also needs a lot of money to process documents before can go abroad. Some families sell their properties to fund the application of their family member who wants to work abroad, some took a loan that needs to be paid the soonest because of its ballooning interest. 3. OFWs do not earn big income Since they are earning dollars or any currency with greater value if converted to peso, some of us think that OFWs are earning big. But what we don't realize is that while OFWs are earning dollars, they are also spending dollars. This is the reason why many OFWs are looking for a part-time job to support their families back home and to save even a little amount of money for an emergency. 4. It takes how many months to fill-in the Balikbayan Box OFW families are so excited when Balikyaban Box's arrived. But don't you know what sacrifices OFWs has made to fill in that box? There are stories that some OFWs skip their meals and reduced their savings to buy family's request of shoes, chocolates, etc. 5. OFW's don't have a lot of savings Have you ever wonder why many OFWs come home broke? Or why at old age, OFW is still working abroad? This is because many of them don't have savings for their retirement. Between paying multiple debts, providing for their family in the Philippines, living expenses and filling the balikbayan box, is there is anything left to save? 6. OFWs don't come home millionaires We call OFW, "madamot" if we don't receive pasalubong or if they did not treat us with good food while they are on vacation in the Philippines. But what we don't know is that the left and rights spending of OFWs while on vacation is a money from their savings or advance loan from their company. To be "happy-happy" during vacation, some OFWs spend much more than needed. 7. OFWs can't easily go back abroad Most of the time the money that OFWs set aside for their trip back abroad are spent with the family (shopping, going to the beach, parties, emergencies etc.) after a month’s vacation, which leaves them no other alternative than to get an OFW loan. 8. OFWs don't live a carefree life You may see a lot of OFWs posting pictures of their travels on different parts of the country abroad, but the truth is just like in the Philippines they are mostly budget travels which they have been saving up for months from what little is left of their paycheck and after back-breaking 9 to 5 work. They surely deserve it. 9. OFWs don't live with luxurious houses while working abroad You may see that OFWs lived in aircon houses, comfortable living with modern appliances. But the truth they are living in a shared house with more or less 10 people. Some are even sharing bedrooms just to cut cost and save more for other things. They also share the expense of the food and other bills. Sharing is a thing of beauty which helps keep them fed until the next paycheck. There you go. Those are only a few truths about OFWs. You may also want to know about OFWs pretending to be happy and okay so that families back home will not worry? These are the things OFWs need to endure to earn money so we should be considerate of them in times that our demand is not given.
7. OFWs can't easily go back abroad

Most of the time the money that OFWs set aside for their trip back abroad are spent with the family (shopping, going to the beach, parties, emergencies etc.) after a month’s vacation, which leaves them no other alternative than to get an OFW loan.
Asking for a "pasalubong" from Overseas Filipino Workers (OFWs) who is going home for a vacation is very common. This is because of perceptions that OFWs comes home with a lot of money and OFWs are rich since they are earning "dollars". Families with members working abroad are being envied by neighbors especially when balikbayan boxes arrives laden with imported things such as chocolates, shoes, clothes, gadgets and any other things. But what we don't know is the fact that many OFWs are struggling with debt and sacrificed a lot just to provide the needs of families back home. Before they can send their remittances, OFWs must endure first the homesickness and hardship of working away from their families. So if you still treating OFW like ATM here are some truths about their lives. 1. OFWs are not rich Only very small percentage of OFWs are considered rich or well-off after an average of 10 years working in the foreign land. The rest are still struggling to meet the needs of the family. If OFWs are rich, they should be home right now instead of working in other countries. 2. OFWs have multiple debts Before earning "dollars" OFW must pay first his placement fees that raging from P50,000-P100,000. He also needs a lot of money to process documents before can go abroad. Some families sell their properties to fund the application of their family member who wants to work abroad, some took a loan that needs to be paid the soonest because of its ballooning interest. 3. OFWs do not earn big income Since they are earning dollars or any currency with greater value if converted to peso, some of us think that OFWs are earning big. But what we don't realize is that while OFWs are earning dollars, they are also spending dollars. This is the reason why many OFWs are looking for a part-time job to support their families back home and to save even a little amount of money for an emergency. 4. It takes how many months to fill-in the Balikbayan Box OFW families are so excited when Balikyaban Box's arrived. But don't you know what sacrifices OFWs has made to fill in that box? There are stories that some OFWs skip their meals and reduced their savings to buy family's request of shoes, chocolates, etc. 5. OFW's don't have a lot of savings Have you ever wonder why many OFWs come home broke? Or why at old age, OFW is still working abroad? This is because many of them don't have savings for their retirement. Between paying multiple debts, providing for their family in the Philippines, living expenses and filling the balikbayan box, is there is anything left to save? 6. OFWs don't come home millionaires We call OFW, "madamot" if we don't receive pasalubong or if they did not treat us with good food while they are on vacation in the Philippines. But what we don't know is that the left and rights spending of OFWs while on vacation is a money from their savings or advance loan from their company. To be "happy-happy" during vacation, some OFWs spend much more than needed. 7. OFWs can't easily go back abroad Most of the time the money that OFWs set aside for their trip back abroad are spent with the family (shopping, going to the beach, parties, emergencies etc.) after a month’s vacation, which leaves them no other alternative than to get an OFW loan. 8. OFWs don't live a carefree life You may see a lot of OFWs posting pictures of their travels on different parts of the country abroad, but the truth is just like in the Philippines they are mostly budget travels which they have been saving up for months from what little is left of their paycheck and after back-breaking 9 to 5 work. They surely deserve it. 9. OFWs don't live with luxurious houses while working abroad You may see that OFWs lived in aircon houses, comfortable living with modern appliances. But the truth they are living in a shared house with more or less 10 people. Some are even sharing bedrooms just to cut cost and save more for other things. They also share the expense of the food and other bills. Sharing is a thing of beauty which helps keep them fed until the next paycheck. There you go. Those are only a few truths about OFWs. You may also want to know about OFWs pretending to be happy and okay so that families back home will not worry? These are the things OFWs need to endure to earn money so we should be considerate of them in times that our demand is not given.
8. OFWs don't live a carefree life

You may see a lot of OFWs posting pictures of their travels on different parts of the country abroad, but the truth is just like in the Philippines they are mostly budget travels which they have been saving up for months from what little is left of their paycheck and after back-breaking 9 to 5 work. They surely deserve it.
Asking for a "pasalubong" from Overseas Filipino Workers (OFWs) who is going home for a vacation is very common. This is because of perceptions that OFWs comes home with a lot of money and OFWs are rich since they are earning "dollars". Families with members working abroad are being envied by neighbors especially when balikbayan boxes arrives laden with imported things such as chocolates, shoes, clothes, gadgets and any other things. But what we don't know is the fact that many OFWs are struggling with debt and sacrificed a lot just to provide the needs of families back home. Before they can send their remittances, OFWs must endure first the homesickness and hardship of working away from their families. So if you still treating OFW like ATM here are some truths about their lives. 1. OFWs are not rich Only very small percentage of OFWs are considered rich or well-off after an average of 10 years working in the foreign land. The rest are still struggling to meet the needs of the family. If OFWs are rich, they should be home right now instead of working in other countries. 2. OFWs have multiple debts Before earning "dollars" OFW must pay first his placement fees that raging from P50,000-P100,000. He also needs a lot of money to process documents before can go abroad. Some families sell their properties to fund the application of their family member who wants to work abroad, some took a loan that needs to be paid the soonest because of its ballooning interest. 3. OFWs do not earn big income Since they are earning dollars or any currency with greater value if converted to peso, some of us think that OFWs are earning big. But what we don't realize is that while OFWs are earning dollars, they are also spending dollars. This is the reason why many OFWs are looking for a part-time job to support their families back home and to save even a little amount of money for an emergency. 4. It takes how many months to fill-in the Balikbayan Box OFW families are so excited when Balikyaban Box's arrived. But don't you know what sacrifices OFWs has made to fill in that box? There are stories that some OFWs skip their meals and reduced their savings to buy family's request of shoes, chocolates, etc. 5. OFW's don't have a lot of savings Have you ever wonder why many OFWs come home broke? Or why at old age, OFW is still working abroad? This is because many of them don't have savings for their retirement. Between paying multiple debts, providing for their family in the Philippines, living expenses and filling the balikbayan box, is there is anything left to save? 6. OFWs don't come home millionaires We call OFW, "madamot" if we don't receive pasalubong or if they did not treat us with good food while they are on vacation in the Philippines. But what we don't know is that the left and rights spending of OFWs while on vacation is a money from their savings or advance loan from their company. To be "happy-happy" during vacation, some OFWs spend much more than needed. 7. OFWs can't easily go back abroad Most of the time the money that OFWs set aside for their trip back abroad are spent with the family (shopping, going to the beach, parties, emergencies etc.) after a month’s vacation, which leaves them no other alternative than to get an OFW loan. 8. OFWs don't live a carefree life You may see a lot of OFWs posting pictures of their travels on different parts of the country abroad, but the truth is just like in the Philippines they are mostly budget travels which they have been saving up for months from what little is left of their paycheck and after back-breaking 9 to 5 work. They surely deserve it. 9. OFWs don't live with luxurious houses while working abroad You may see that OFWs lived in aircon houses, comfortable living with modern appliances. But the truth they are living in a shared house with more or less 10 people. Some are even sharing bedrooms just to cut cost and save more for other things. They also share the expense of the food and other bills. Sharing is a thing of beauty which helps keep them fed until the next paycheck. There you go. Those are only a few truths about OFWs. You may also want to know about OFWs pretending to be happy and okay so that families back home will not worry? These are the things OFWs need to endure to earn money so we should be considerate of them in times that our demand is not given.
9. OFWs don't live with luxurious houses while working abroad

You may see that OFWs lived in aircon houses, comfortable living with modern appliances. But the truth they are living in a shared house with more or less 10 people.



Some are even sharing bedrooms just to cut cost and save more for other things. They also share the expense of the food and other bills. Sharing is a thing of beauty which helps keep them fed until the next paycheck.
Asking for a "pasalubong" from Overseas Filipino Workers (OFWs) who is going home for a vacation is very common. This is because of perceptions that OFWs comes home with a lot of money and OFWs are rich since they are earning "dollars". Families with members working abroad are being envied by neighbors especially when balikbayan boxes arrives laden with imported things such as chocolates, shoes, clothes, gadgets and any other things. But what we don't know is the fact that many OFWs are struggling with debt and sacrificed a lot just to provide the needs of families back home. Before they can send their remittances, OFWs must endure first the homesickness and hardship of working away from their families. So if you still treating OFW like ATM here are some truths about their lives. 1. OFWs are not rich Only very small percentage of OFWs are considered rich or well-off after an average of 10 years working in the foreign land. The rest are still struggling to meet the needs of the family. If OFWs are rich, they should be home right now instead of working in other countries. 2. OFWs have multiple debts Before earning "dollars" OFW must pay first his placement fees that raging from P50,000-P100,000. He also needs a lot of money to process documents before can go abroad. Some families sell their properties to fund the application of their family member who wants to work abroad, some took a loan that needs to be paid the soonest because of its ballooning interest. 3. OFWs do not earn big income Since they are earning dollars or any currency with greater value if converted to peso, some of us think that OFWs are earning big. But what we don't realize is that while OFWs are earning dollars, they are also spending dollars. This is the reason why many OFWs are looking for a part-time job to support their families back home and to save even a little amount of money for an emergency. 4. It takes how many months to fill-in the Balikbayan Box OFW families are so excited when Balikyaban Box's arrived. But don't you know what sacrifices OFWs has made to fill in that box? There are stories that some OFWs skip their meals and reduced their savings to buy family's request of shoes, chocolates, etc. 5. OFW's don't have a lot of savings Have you ever wonder why many OFWs come home broke? Or why at old age, OFW is still working abroad? This is because many of them don't have savings for their retirement. Between paying multiple debts, providing for their family in the Philippines, living expenses and filling the balikbayan box, is there is anything left to save? 6. OFWs don't come home millionaires We call OFW, "madamot" if we don't receive pasalubong or if they did not treat us with good food while they are on vacation in the Philippines. But what we don't know is that the left and rights spending of OFWs while on vacation is a money from their savings or advance loan from their company. To be "happy-happy" during vacation, some OFWs spend much more than needed. 7. OFWs can't easily go back abroad Most of the time the money that OFWs set aside for their trip back abroad are spent with the family (shopping, going to the beach, parties, emergencies etc.) after a month’s vacation, which leaves them no other alternative than to get an OFW loan. 8. OFWs don't live a carefree life You may see a lot of OFWs posting pictures of their travels on different parts of the country abroad, but the truth is just like in the Philippines they are mostly budget travels which they have been saving up for months from what little is left of their paycheck and after back-breaking 9 to 5 work. They surely deserve it. 9. OFWs don't live with luxurious houses while working abroad You may see that OFWs lived in aircon houses, comfortable living with modern appliances. But the truth they are living in a shared house with more or less 10 people. Some are even sharing bedrooms just to cut cost and save more for other things. They also share the expense of the food and other bills. Sharing is a thing of beauty which helps keep them fed until the next paycheck. There you go. Those are only a few truths about OFWs. You may also want to know about OFWs pretending to be happy and okay so that families back home will not worry? These are the things OFWs need to endure to earn money so we should be considerate of them in times that our demand is not given.
There you go. Those are only a few truths about OFWs. You may also want to know about OFWs pretending to be happy and okay so that families back home will not worry? These are the things OFWs need to endure to earn money so we should be considerate of them in times that our demand is not given.

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What is PERA? It is the first ever voluntary retirement account with tax incentives. OFWs can invest up to P200,000 annually while non-OFWs are allowed a maximum of P100,000 investment per year. Even if the OFW is abroad, the spouse and children can open a PERA account on behalf of the OFW. Upon reaching retirement at the age of 55, all payments or distributions will be tax-exempt. This can either be in a lump sum, a pension for a definite period, or a lifetime.


Last April 14, DFA has started its e-payment system in ASEANA with a goal to make passport processing faster and more convenient Read: How To Renew Your Passport and What are the Requirements You Need In an advisory, DFA said that starting April 14, all passport application and renewal appointments at the DFA-Aseana site will require pre-payment via its Passport e-payment facility. The e-payment system allows passport applicants to pay the processing fee through banks and other platforms. Read: Lost Passport? Check the Requirements and Fees Here
The Canadian government will no longer accept an application for permanent residency from caregivers starting November 2019. Because of this, applicants to the program including many Filipino caregivers are unhappy with the news. The Philippines is among the top source of Canada's caregiver.
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