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FINANCE

OWWA loan: What it is and how to get it

For overseas Filipino workers (OFWs) who plan on coming home one day, it’s important that they secure their financial future in the Philippines. They can do this by saving and practising proper financial management. But they’ll also need a way to grow their wealth. To do this, some OFWs choose to invest with their trusted banks, while other more enterprising Filipinos add to their savings and investments by opening their own businesses.

3 Nov 2023 Read →
FINANCE

What is insurance?

Insurance is a form of financial protection from unexpected life events. Instead of footing the whole bill for repairs, legal fees, medical procedures, or loss, insurance covers a portion of the cost and saves you from taking a chunk out of your savings during emergencies.

20 Oct 2023 Read →
FINANCE

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.

10 May 2023 Read →
FINANCE

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.

20 Jan 2023 Read →
FINANCE

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).

9 Jan 2023 Read →
FINANCE

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?

31 Oct 2022 Read →
FINANCE

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.

24 Jun 2022 Read →
FINANCE

5 investment tips for OFWs

After months or even years of working away from loved ones, overseas Filipino workers (OFWs) should have something set aside for the time when they finally come home to their families. For most, the first thing that comes to mind when it comes to building funds is saving, but while saving is one way to build your funds, it does not generate the high returns you would earn from investing.

14 Jun 2022 Read →
FINANCE

Top 5 money management tips for OFWs

Life as an overseas Filipino worker (OFW) is no walk in the park. in fact, you sacrifice time and energy away from home to give your loved ones the best life. So, when the time comes to reap the rewards of your labour, make sure everything was worth it by following these key money management tips.

1 Jun 2022 Read →
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