The overseas Filipino worker (OFW) is a valuable member of the Philippine economy. They are one of the country’s primary sources of income, and their contributions are vital to the stability of the Philippines’ economy. Despite their importance, many OFWs face a great deal of financial struggle. They often get forced to work in difficult and dangerous conditions for low wages.
Many OFWs work abroad because they need to support their families back home. The Philippines has one of the lowest minimum wages in the world, so it is tough for workers to make a decent living in the country. OFWs often have multiple jobs to make ends meet, which can be very difficult working in a foreign country.
OFWs face many financial challenges due to the high cost of living in most developed countries. In addition to paying for food and housing, they also have to pay for transportation, medical care, and other expenses. It can be a huge burden for someone earning a limited wage.
Despite these challenges, many OFWs continue to work abroad because they know it is the only way to provide for their families. They hope they can one day return home and live a better life. In the meantime, they do their best to make ends meet and support their loved ones back home. To do that, OFWs have to be strict with their finances. Here are a few tips to consider.
OFWs must stick with a strict budget because they often have to support their families back home. In addition to paying for food and housing, OFWs also have to pay for transportation, medical care, and other expenses. It can be a huge burden for someone earning a limited wage. As a result, OFWs often have to take on multiple jobs to make ends meet, which can be very difficult when working in a foreign country. Here are a few budgeting tips to consider for OFWs:
- Make a list of all your expenses: This will help you know where your money is going and how much you need to save.
- Track your spending: Keep track of everything you spend for at least one month. It will help you identify areas where you can cut back on your spending.
- Find ways to save money: There are many ways to save money, so find the ones that work best for you. For example, you can cook at home instead of eating out or take public transportation instead of driving.
- Create a budget and stick to it: A budget will help you stay on track with your spending and ensure you are not overspending. Be sure to review your budget regularly to make sure it is still accurate.
- Seek financial assistance: If you are having difficulty making ends meet, many organizations can help you. OFW Care provides financial aid to OFWs in need.
Working abroad can be an excellent opportunity to provide for your family, but it comes with challenges. OFWs must be very careful with their finances to make ends meet and support their loved ones back home. By following these tips, you can help ensure that your finances are in order and that you can provide for your family.
Compiling Gifts to Send Collectively
Another way to care for your family from abroad is by sending gifts that you know they’ll love and appreciate. However, buying individual gifts for each family member can be costly. A more affordable option is to purchase items that can be enjoyed by the whole family or group together. This strategy is a standard among OFWs, often forming what many call a balikbayan box.
A balikbayan box is a large container filled with items from home, such as food, clothes, toys, and other things. These boxes get sent to family members living in the Philippines. The term “balikbayan” means “returning to one’s homeland.” OFWs often send balikbayan packages to their families to stay connected to their roots and show their love.
If you are interested in sending a balikbayan box to your loved ones, you should know a few things. First, you must find a reliable shipping company that offers balikbayan box door-to-door service. It is essential to do your research to find a company that has a good reputation and is affordable, allowing you to save money.
Second, you need to determine the size of the box. The most common sizes are 18x18x24 inches and 20x20x24 inches. The size you choose will depend on how much stuff you want to send.
Third, you should pack your box carefully. Make sure all items are well-protected to avoid damage during shipping. You can use old clothes, newspapers, or bubble wrap as packing material.
Fourth, you should include a list of items in the box. This step will help Customs officials determine if everything in the box is allowed in the Philippines.
Lastly, it would help if you labeled the box clearly. Include your name, address, and contact information so your family can easily reach you if they have any questions.
It can be challenging to lead an OFW life, especially if you are on a tight budget. However, following these tips can make the most of your earnings and provide for your loved ones back home. Additionally, don’t forget to stay connected to your roots by sending balikbayan boxes filled with love.