OFWs News:
Part 1 & Part 2
Pagpapahalaga sa Perang Kinita: A Primer
Parts 1 & 2, 3 & 4, 5 & 6, 7 & 8, 9 & 10, 11 & 12, 13, Dealing with Banks
  Experts say OFWs not ready for market
QUEZON CITY–EVEN if some returning overseas Filipino workers parked their money into investment products here at home, finance experts think OFWs are not yet ready for these kinds of financial instruments. This, they say, is especially true if OFWs are not familiar with these products, and are not financially literate. WILLIAM ALZONA and ISAGANI DE LA PAZ outline their observations in this report for the OFW Journalism Consortium. Full story 
  Q and A with Antonio Ranque
‘Internet improves investment initiatives’

QUEZON CITY—HE’S his own guinea pig. Former overseas Filipino worker turned stock trader Antonio V. Ranque applies his trial-and-error style on the Philippine Stock Exchange trading board on himself first before giving solicited advice. He shares his findings to OFW Journalism Consortium editor DENNIS D. ESTOPACE in this one-on-one interview. Full story
  Dutch offers treat for OFW
MAKATI CITY-- WHAT'S with the Filipinos and the Dutch? The Netherlands have been the long-time home for the Philippine government's political foes and an estimated 12,000 to 15,000 Filipino workers and migrants. Now, that country's second largest bank is leading initiatives in capturing money of overseas Filipino workers (OFWs) for investment. WILLIAM ALZONA reports for the OFW Journalism Consortium.
Full story
  Despite soured deal, groups offer OFWs to milk dairy industry
QUEZON CITY-- DESPITE the soured deal between the National Dairy Authority and the Economic Resource Center for Overseas Filipinos, executives of both group bank on the dairy industry for migrant Filipino workers' investment. WILLIAM IMPERIAL and ARIANNE APOSTOL explain the dynamics of this pilot investment scheme in a report for the OFW Journalism Consortium. Full story
Survey on Financial Literacy
1. Did you learn anything useful from the articles on overseas Filipino workers (OFWs)?
n Yes
n No
2. What other information do you still want to know about savings and investment opportunities?  

1. Where is your country of work?

n Asia

n Middle East
n Europe
n USA and Canada
n Others

2. What is your work?

n Domestic helper
n Seafarer
n Laborer, unskilled worker farmer
n Service worker, sales, etc.
n Technical and skilled worker
n Entertainer, performer
n Professional, associate professional
n others: retired, housewife, student


3. After spending for your personal needs (such as food, clothing, rental, grocery, etc.), what proportion of your monthly income is usually left over?
n 1-5%
n 6-10%
n 11-15%
n 16-20%
n more than 20%
4. What do you usually do with the amount that is left after spending for your personal needs? Indicate the share of this total amount that goes to each of the uses you specified.

n remit money to family in the n n n n Philippines
n n n %

n pay off debts n n n n n n n n n nn n %

n save in a bank in your country of employment or residence
n n n %

n others, please specify n n n n n n n

5. How do you usually remit money to your family in the Philippines?

Bank to Bank
Door to Door
Money transfer agency like Western Union, Aboitiz, EBusiness Services Inc., Lhuillier Inc., PetNet,
RCPI, LBC
Thru friends, coworkers, relatives
others, please specify
Or download and e-mail to us this
Word Document version
The opinions expressed herein are those of the author(s) and do not necessarily reflect the views of EPRA or USAID.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


PART 1
THE BASICS OF SPENDING – FOR WHOM, FOR WHAT AND WHERE SHOULD YOUR MONEY GO?
PART 2
WHY YOU SHOULDN’T SPEND ALL YOUR MONEY? WHY YOU SHOULD SAVE?
PART 3
SETTING THE FAMILY’S GOALS
PART 4

MORE ON FAMILY GOALS ON EDUCATION, HOUSING AND EVENTUAL RETIREMENT

PART 5
TIPS ON FAMILY SPENDING; BUYING PRE-NEED EDUCATIONAL PLANS; HOUSING GOALS
PART 6
THE HEALTH BUDGET
PART 7
INSURANCE AND MEMORIAL PLANS
PART 8
RETIREMENT PLANS
PART 9
REGULAR CONSUMPTION
PART 10
WHAT TO DO WITH ANYTHING EXTRA
PART 11
LIQUIDITY AND RETURNS
PART 12
COMPARISON OF SAVINGS INSTRUMENTS
PART 13
UITF’S AND MUTUAL FUNDS
TIPS ON PROTECTING YOURSELF WHEN DEALING WITH BANKS
APPENDICES

Appendix A
Appendix B
Appendic C
Appendix D
Appendix E
Appendix F

REFERENCES
return to ofwjournalism.net