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Information on financial and communication services for Overseas Filipino Workers and their families

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Archive for March, 2008

A Pinoy Guide to Managing Finances

Posted in March 31st, 2008
by ka edong in Financial Literacy

The Economic Policy Reform and Advocacy office has a primer on managing finances entitled: “Pagpapahalaga sa Perang Kinita: A Pinoy Guide for Managing Finances“.
The primer describes the principles of spending for the right things, the importance of savings, setting family goals and moves on to other topics like education plans, health insurance and investments.
The [...]

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Magicjack: Unlimited phone calls to the US and Canada, Free trial

Posted in March 29th, 2008
by ka edong in VOIP

It’s a potential Skype or Vonage killer, and a wonderful way for Filipinos in US and Canada to communicate with their family back home.
Magicjack is a service that lets anybody in the world make unlimited phone calls to the US and Canada for only $20 per year. Magicjack is currently offering a free 1-month trial [...]

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Free finance seminars abound

Posted in March 28th, 2008
by ka edong in Financial Literacy

So many of our kababayans are earning so much and don’t know how to manage their money. Call center agents and OFWs alike could use more financial education. We don’t want our kababayans to just waste away their hard-earned money and find themselves without any savings/investments after years of toiling, right?

It all starts with educating [...]

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Using OFW Money Strategically

Posted in March 26th, 2008
by ka edong in Financial Literacy

I found this video on YouTube produced by the Economic Resource Center for Overseas Filipinos (ERCOF).
The video starts with testimonials about how OFWs money goes down the drain through

Sphere: Related Content

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The OFW Bank Revisited

Posted in March 25th, 2008
by ka edong in OFW Services

An article on Inquirer.Net highlighted a sectors’ advocacy for an OFW Bank.
The main idea is for the government to provide banking and communications services at competitive rates favorable to OFWs. By offering competitive rates, the OFW bank is expected to influence the existing remittance-services market, thus lowering the remittance rates of existing private and commercial [...]

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Deposit Accounts as “Containers” for Specific Savings Purposes

Posted in March 24th, 2008
by ka edong in Financial Literacy, How To's

The principle is quite simple: Use separate bank deposit account(s) to contain/hold money for specific purposes.
I first learned of this money management principle from one of Francisco Colayco’s articles. I immediately applied this principle to save up for my first real estate investment, consistently depositing in a separate account until I gathered enough money to [...]

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