Personal Finance Tips for OFW Families

An estimated 2.3 million Filipinos work abroad, many of whom have in mind the financial well-being of their respective families.

There is a difference between having a family member help you build a better financial path, and being completely dependent on them for your financial needs – a situation which can breed problems somewhere down the road.

Dependence on OFW relatives for your financial needs often creates issues and induces friction among and between family members. Obviously, such a situation also creates financial difficulties for the relative working abroad.

If you’re looking to escape that dependency trap with your OFW relative, here are a few tips.

(Source: GMAnetwork.com)