Are you working abroad? Is the country you are working in affected by the pandemic? If yes, this is something that you should take seriously. Here in the Philippines, employees, businesses, and investors have been dealing with pandemic issues for half a month now. I know some of them have adjusted and there are some who are still hoping to find the best solution for their financial problems. If you are currently working as an OFW, here are some of my recommendations so you can still save your income despite the pandemic.
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Stock Smarts Manila: March 14, 15, 21, 22 & 28, 2020
Stock Smarts Singapore: May 16 – 17, 2020
Stock Smarts New Zealand: June 6 – 7, 2020
Stock Smarts Sydney: July 11 – 12, 2020
Stock Smarts London: April 18 – 19, 2020
If you are affected by the pandemic, it’s time to minimize your expenses. I know you are spending on a budget now. But, if you are independently living, you can still adjust your budget so you can minimize your expenses. Just buy the necessary things you need like food and toiletries that will last for the quarantine period. You don’t need extra expenses this time because you need to save more money at times like this.
Your savings will save you at times like this. Even if you don’t work for 14 or 30 days, if you have savings in your bank account, you will have something to spend. If you can still work despite the quarantine, I advise you to continue saving regularly and preserve your savings. We might not know when this is going to end. It’s safer if you won’t spend your savings. Just use the budget you have for your basic expenses. Don’t forget to avoid spending on the things that you need at this time. Focus on the essentials.
In order to save your income and still preserve your savings, try finding a work that you can do at home. During this event, working from home is normal. Businesses that can be done without leaving the comfort of your home is better than risking your life outside. If you have a home-based business or work, just continue working. Earn as much as you can so you can regularly put money in your bank account. Your relatives back home are surely asking for your help as well. You can sustain both of your needs if your income will continue to flow. Don’t waste your time and find something that can help you earn money.