what is inflation

What is inflation and how does it affect OFWs?

Inflation is when the cost of what you buy goes up over time while the value of your money goes down. For example, while buying groceries, you notice you’ve been spending more money on the same items you bought last year. At the same time, movies, food deliveries, and clothes have become more expensive, so there have been fewer nights out than before.

kabayan remit By Jessica Santiago 10 May 2023 0 Comments
Couple with an SSS Peso fund

Growing your savings with an SSS PESO Fund – Everything Filipinos need to know

When thinking about the future, it’s always good to have some savings set aside for emergencies, goals, and needs. The Philippine Social Security System (SSS) and the SSS PESO Fund will help your money grow ready for when you need it.

kabayan remit By Jessica Santiago 16 February 2023 0 Comments
Man checking his MP2 savings account

Growing your wealth with Pag-IBIG and MP2 Savings Accounts

While setting money aside in a savings account is a good idea, it may not be enough to pay the bills once you need to and everything’s become more expensive. This is why it’s important to make your money grow. Luckily, there are two government-guaranteed programs for Filipinos looking to increase their savings with minimal risk: Pag-IBIG Regular Savings and MP2 Savings.

kabayan remit By Jessica Santiago 20 January 2023 0 Comments
planning financial new years resolutions

Top 8 financial New Year’s resolutions for 2023

The new year is here, and now is the perfect time to start looking ahead and planning your finances for 2023. Are you happy with how you’ve managed your spending in the past year, or is there something you must change? Now is the time to start reflecting. While New Year’s resolutions may seem cliché, starting good habits is always great, especially regarding the money you’re making as an overseas Filipino worker (OFW).

kabayan remit By Jessica Santiago 9 January 2023 0 Comments
strongest currencies in the world

Discover the top 10 strongest currencies in the world

Having one of the strongest currencies in the world can make travelling more attainable, importing goods more affordable, and borrowing funds more accessible. The strength of a country’s currency may also indicate its economy’s health and political stability. So, what are the strongest currencies in the world today?

kabayan remit By Jessica Santiago 31 October 2022 0 Comments
woman searching types of investments types of investments

Types of investing for OFW’s

Once you’ve saved up enough money for emergencies as well as your daily needs and wants, you should consider growing your wealth by investing your extra money. Doing this can help you achieve your long-term goals and prepare you for the life of your dreams. How? Well, savings alone won’t be enough after inflation, and what you can afford today may be more expensive in the future. Thus, putting some of your savings into investments could add to what you already have, leaving you with some extra cushioning for retirement.

kabayan remit By Jessica Santiago 24 June 2022 0 Comments