You Don’t Have To Be Broke: Money Saving Tips For OFWs

You Don’t Have To Be Broke: Money Saving Tips For OFWs

money saving tips

When I was still working in the Philippines, I didn’t have any plan to work overseas. However, there are circumstances that we never expect to happen. While I received a bigger salary on my previous job, I am faced with a bigger responsibility back then. As what I’ve mentioned in my previous blog,, I need to face the reality that my siblings were in college already and my salary was not anymore enough to support all three of them.

Indeed the universe conspired in my favour because the moment I decided to go overseas all things fell in their proper places. To cut the long story short, I was able to find a new job here in UAE though it’s quite different from my profession in the Philippines. I got a salary bigger than my previous job which was a kind of relief for me. However, the reality struck again that I still needed to pay my debts which accumulated during the time when I was still applying. Yet after exactly 1 year of paying my debts at the same time supporting my family, I am finally on my road to saving money for my future. To learn more about it, you can visit, Because of this, I am also inspired to write my first e-book which you can find here, to somehow help you in any way.

As an OFW, I set a deadline for myself on how many years should I be working here in abroad. In other words, I have no plan of working here forever. So I set a deadline since it’s very important. By the way, I am still not that expert about financial management, however, I am always willing to learn and improve so I can help my fellow OFWs in any way I can. That’s why in this article I will share the tips I knew and tried which give me better results.

  1. Simplify your lifestyle.

If you really want to save money, you better check your lifestyle now. If you think you’re living beyond your means I suggest you change this time. Try to live a simple but healthy life. Don’t buy things which you don’t need because chances are they are just your wants. Avoid buying expensive stuff.

  1. Hang out with the right people.

Yes, you need friends to hang out with. You need it really that’s why I suggest you hang out with those who can build you up and help you improve for the better. Friends that will not harm and use you. Friends that are after the relationship and not your money only. According to success experts and coaches, you are who you hang out with. Basically, when you hang out with friends that have no plans in life most likely you will be like them as well. But if you hang out with friends that are serious about changing and improving their lives for sure the probability of you becoming like them is high.

  1. Prepare your budget and as much as possible stick to it.

Budgeting isn’t only an option. If I may say budgeting should be compulsory to each of us. If you have prepared budget your spending will be guided and you can monitor your spending too. You will know how much you will send to your family and how much do you have to save. By the way, this is the most common advice from the financial experts; save first before spending. It will be hard at first especially if you are used to spending first before saving. If you have the budget, try to follow and stick to it as much as you can. However if there are emergencies you can still be flexible about it.

  1. Open savings account in the Philippines at the same time set aside Emergency Fund in the country where you work at.

Usually, the common question I hear is “where should I put my savings”? There are lots of channels where you can put your savings. You can deposit in the bank, you can invest in stocks and mutual funds, insurance companies and others. Yet for the sake of this article, I’d like to focus on putting your savings in your bank account in the Philippines where you can only withdraw it once you’re home. The good thing about it is that you will make a habit that every month you will deposit a certain amount to your account and once your contract is finished, you still have money in the bank. While you should do this, remember also to set aside emergency fund in the country you’re working at. Just to be ready for any possible emergencies that may come anytime.

These are only some of the so many tips you can apply in order to save money while working abroad. Try to do it with yourself and always look at the big picture. Do them in line with your bigger goals and dreams in life. Because by consistently doing them you are gradually building habits which you can carry on moving forward. Aim high and don’t be satisfied by just working for others. Make a decision now to be successful. Leave a legacy and be a blessing to everyone.

Happy saving!

To your rich future,

Lebert “Futurich” Omac

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Lebert Omac

Lebert is a forester by profession and currently working as a sales associate in Abu Dhabi, UAE. He comes from a simple family of Bohol, Philippines and is the breadwinner of their family. Aside from making sure that his family is provided with all their needs, he is also passionate about faith-building at the same time building healthy and lasting relationships with everyone, especially to his fiancee. On top of all the things he's doing now, he also dreams of building a God-fearing and God-centered family in the future and eventually make it a mission in order to build a peaceful society. Growing up in a family where he feels all the love and support push him to pursue this dream.
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