It is always a joyful feeling for OFWs to feel the airplane wheels gently hit the ground, indicating that they have finally reached home after working abroad for what seems like eternity. Those who intend to make their life back home or look for investments to grow should know the guidelines to protect their hard-earned money and health.
Determine if you wish to get a house, an apartment, a condominium or a farm. There are several properties for sale on the internet. It is also best to visit a number of reliable real estate companies and firms who can guide you on the best neighborhood and property prices that best suit your budget and income. Look for certified real estate brokers who can give you full information on the value of the property, risk assessment and location.
When opening a bank account.
Different banks will have different requirements. Prepare your TIN or Tax Identification Number, a couple of government IDs, your passport and billing statement for the past three months. Sometimes, banks will require your spouse who lives in the Philippines to fill in the details or proof that you’re a student abroad.
Buying healthy food.
There are several local sellers of fruits, vegetables, eggs, fresh meat, fish and chicken at markets. You can also get in touch with online sellers who can deliver the goods straight to your location. There are bigger establishments and mall-based suppliers, although these are generally pricier than other sources.
Signing up for utilities.
Determine if you need a prepaid or postpaid plan. If you’re simply concerned with sending occasional text messages and making a few calls, the prepaid plan will be ideal. Those who are more concerned about features and other capabilities like internet, GPS, email and nonstop calls and text can get a postpaid plan. Postpaid plans will require two government IDs and proof of billing for 3 months at least. There are different mobile cellular phone networks to choose from. Many places offer free wi-fi internet connection or your mobile phone may also have 3G or 4G capabilities for fast internet access.
Rules on transportation.
As an OFW returning home, you have to decide if you wish to purchase a brand new or second-hand vehicle or commute. Many OFWs with families in the Philippines opt to buy their own family car. Single people prefer taking public transportation like the LRT, MRT, bus, jeepney and taxi.
When planning for leisure travel.
Ask your family and friends about transportation, hotel accommodations and other travel packages. You can also call a travel agency for details.
Managing properties and business
You can opt to purchase a franchise which has a prepared guidebook on how to operate and get returns on your investment. Some OFWs start their own small businesses like a sari-sari store, a small eatery or a boutique. One of the benefits OFWs can get is livelihood training and fresh loans from OFW Reintegration program.
Investing in stocks.
Many OFWs also opt to invest in mutual funds, bonds and stocks out of their savings. If this is your first time to try stock trading, read the stock trading guidelines or call your bank or look for licensed reputable stock brokers online.
There are several new parks, malls and restaurants all over the country. Use a search engine online to find these tourist attractions and must-visit places.
On health plans
. Find a reliable and reputable physician and hospital that can assess and take care of all your health needs. You can also consider getting an insurance policy. Talk to an agent then compare the different available plans. It is important that you keep track of your Philhealth contributions.