Latest Stories

Coming back home means planning for it

By ,

MANILA, Philippines – Lists run our day-to-day activities, whether we like them or not. Each of us probably has some kind of list to refer to – things to buy at the supermarket, things to do at work, things to get done over the weekend, things to do before the age of 40, and so on. Unfortunately, preparing for one’s financial future gets the least priority, or doesn’t even make the list.

This holds true as well for thousands of overseas Filipinos who fail to plan for their future. Many are so obligated to keep on sending money to loved ones back home, leaving the entire responsibility of earning and saving to the OFWs. OFWs feel guilty leaving behind their families and thus, compensate materially with things hard-earned money buy.

OFWs can dispense tough love by withholding some of their hard-earned income and asking their dependents to make the money that does get sent home work hard for them. One doesn’t need the latest smart phone to call and text. One doesn’t need designer brands if generic labels work just the same. The dependents should make sure to live within their means and spend the money wisely.

In the meantime, what should an OFW do to money withheld? It’s one thing to actually have money to invest and another to have no clue what to do with it. Once financial goals are defined, one should invest in financial instruments that feed his risk appetite comfortably and according to his plan.

In the long run, most OFWs dream of coming home instead of toiling their retirement years abroad. But coming home means planning for it, and there’s no time like today to do it.

If you still don’t have a plan, or maybe just want to revisit goals you’ve set in the past, talk to your financial advisor and discuss how you can start achieving them; you can begin by logging on to http://philamlife.com/en/individuals/products-and-services/ofws/.   (advt)

Bring home more than just a Balikbayan Box for your family

with Philam Life’s BalikBayani Pasalubong Package for OFWs.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: OFW , Philam Life

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Nebraska toddler gets stuck inside claw machine
  • Philippine eagle rescued by Army turned over to DENR
  • Gunmen attack Iraq military base, kill 10 soldiers
  • South Korea president shouted down by distraught parents
  • Classmates celebrating 60th birthday among missing in ferry sinking
  • Sports

  • Power Pinays smash India in Asian Women’s Club volleyball opener
  • PH youth boxers off to stumbling start in AIBA World tilt
  • Durant has 42, Thunder beat Pistons 112-111
  • Walker leads Bobcats over Bulls in OT, 91-86
  • Man City slips further out of title contention
  • Lifestyle

  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • This is not just a farm
  • Clams and garlic, softshell crab risotto–not your usual seafood fare for Holy Week
  • Moist, extra-tender blueberry muffins
  • Entertainment

  • Jones, Godard, Cronenberg in competition at Cannes
  • Will Arnett files for divorce from Amy Poehler
  • American rapper cuts own penis, jumps off building
  • Jay Z to bring Made in America music fest to LA
  • Why Lucky has not bought an engagement ring for Angel
  • Business

  • ‘Chinese Twitter’ firm Weibo to go public in US
  • World stocks subdued, Nikkei flat on profit taking
  • Asia stocks fail to match Wall Street gains
  • Fired Yahoo exec gets $58M for 15 months of work
  • PH presses bid to keep rice import controls
  • Technology

  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Filipinos #PrayForSouthKorea
  • Taylor Swift tries video blogging, crashes into fan’s bridal shower
  • DOF: Tagaytay, QC best at handling funds
  • Smart phone apps and sites perfect for the Holy Week
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • DFA: 2 Filipinos survive Korean ferry disaster
  • PH asks airline passengers to check for MERS
  • Syria most dangerous country for journalists, PH 3rd—watchdog
  • Japan says visa-free entry still a plan
  • First Fil-Am elected to Sierra Madre, Calif. city council
  • Marketplace