How an OFW Can Be Financially Free Enough to Buy a Home in Caloocan City

Philippines exalted Overseas Filipino Workers as the new era heroes. This is because of their valorous cause in bringing in a meliorate life for their families back here in the country. They have taken their life away from their family to support them in any monetary difficulties. Yet, their relatives and even families reckon them as an unlimited resource of cash whom they can get money easily if they run out of funds.

Since they continuously give in to these financial requests their relatives make, they tend to not be able to save money despite their hard work. They end up staying years abroad without becoming financially free. Their dream of buying a Caloocan City home ends up getting crushed. To avoid that, OFWs should make sure they start saving money as soon as they set foot abroad.

One of the things that an OFW can do to gain financial freedom and buy a home is to consider well what to put inside a Balikbayan box. Instead of sending imported soaps, chocolates, clothes, and other products multiple times a year, saving the money spent on that is better. There are also cheaper alternatives to gifts to give to relatives during special occasion instead of sending a Balikbayan box.

Never consider yourself as a money pot. Even if your relatives give you all the excuses in the world – fiesta, birthday, christening – it is better to save money and go for simple dinner. There is no need to call on everyone in the neighborhood just to show off. Budget your money so you can buy your Caloocan City dream home.

Be vigilant in what you buy. Think twice before buying that tablet, smart phone, laptop, and many more. These gratuitous gadgets go out of phase fast so buying them as gifts to your children may not be a good idea. Look for a smart investment like a Caloocan City property instead of buying these.

Work hard to be financially stable. As an OFW, you know how hard it is to work while being away from the family. If you are unlucky, you might even have strict employers. Every suffering is there when you are an OFW. That is why, for the time you spent working abroad, make good use of it. Save as much as you can to gain financial freedom and buy yourself your own Caloocan City home.