How can OFWs Save Up with the Rising Costs Abroad

When you’re working in a foreign country like Japan, it’s easy to get swept up in the thrill of experiencing life in a different culture. You now have the ability to reward yourself with a pricey meal out or make a purchase that you’ve been eyeing because you are working harder and earning more money. This gives you the confidence to indulge in these activities. You probably deserve an additional treat or two. Enjoy them.

But with the rising costs abroad, it is in one’s best interest to be more frugal rather than frivolous because even a small amount of thrift can go a long way. This is because even a little bit of thrift can go a long way. We are aware of how tempting it can be when your monthly dollar checks arrive, but in light of the rising cost of living in your host country, the following are some suggestions that can assist you in finding ways to save money. We are aware of how tempting it can be when your monthly dollar checks arrive.

Finding ways to reduce expenses and save money is a skill that is useful to have, especially if you are working as a Filipino expatriate in another country (OFW), especially with the rising costs abroad. If finding ways to cut costs while working abroad is at the top of your list of priorities, then you absolutely have to read this article.

How can OFWs Save Up with the Rising Costs Abroad

OFW Tips to Cope with the Rising Costs Abroad

Be smart about why you’re abroad

Make sure that you have all of the facts straight when you are calculating how much it will cost you to live in another country when you are planning on moving there. There is no correlation between the cost of living in one country and the cost of living in another country. If you are moving from the United States to Australia, for example, it is essential for you to be aware of what the average salary is in both countries and to make a comparison between the two. Likewise, if you are moving from Canada to the United Kingdom, it is essential for you to be aware of what the average salary is in both countries.

You also need to take into consideration the cost of living in the country that you currently call home. If having enough money saved for retirement or for other goals, such as buying a house back home or paying off debt from school loans (or even just having cash on hand), then this number needs to be taken into account as well. Other goals include having enough money saved include having enough money saved for retirement or for other goals, such as buying a house back home. Having sufficient funds to purchase a home near one’s family or paying off debt incurred from educational loans are two additional possible objectives.

Look for the best deals on utilities and supplies

In addition to being a cost to the business, utility bills also represent a potential area in which cost reduction and financial savings can be achieved. Take a close look at the items that make up your monthly bills and ask yourself if there are any actions you can take to cut down on your spending. Is it possible for you to switch to a different provider who provides you with rates that are more appealing? Is it possible for you to get a better deal if you negotiate with the company that you are already working with? When you go grocery shopping, the same rule applies: Before you buy anything, look for discounts and clip coupons. This will help you save money.

Follow the old adage, “A penny saved is a penny earned.”

  • One of the most efficient strategies for lowering expenses while simultaneously raising one’s income is to heed the counsel of the age-old adage that states, “A penny saved is a penny earned.”
  • The following is a list of some advice that can assist you in lowering your overall travel expenses while you are away from home:
  • If you want to save money, cook your meals at home rather than going out to restaurants, or pack your own lunch. Think about stocking up on groceries in bulk and putting them away in the freezer for convenient access at a later time. You could also ask members of your family and friends who live in other countries if they need assistance with their grocery shopping and see if they can use your help.
  • Your monthly utility bills can be reduced by using energy-efficient light bulbs, turning off all unnecessary lights when they are not in use, keeping the temperature of your air conditioning system at 68 degrees or lower (which will also help prevent mould growth), and unplugging appliances when they are not in use.
  • When you go shopping for groceries, don’t buy things on the spur of the moment just because they look interesting or catch your eye if they’re not absolutely necessary for your day-to-day life; instead, stick to buying only the things that you need (e.g., junk food). It is much simpler for the leftovers to become spoiled when there is an excessive amount of food in one container because this makes it easier for the food to become spoiled. Because of this, there will be less food that is thrown away than before.

Learn to cook

It is simple to get into the routine of always eating out as an OFW (sometimes without even realising how much money you are spending), which can quickly become a burden on one’s finances. Cooking at home, on the other hand, may not only save you money but also be better for your health compared to dining out at restaurants or buying processed foods from grocery stores, both of which may contain additives and artificial ingredients. This is particularly the case if your kitchen is well-stocked with fresh ingredients. Not only do these recipes have an amazing flavour, but they are also very easy on the wallet because they use local or common spices as the primary ingredients.

Renting out a space makes more sense than staying in dormitories or hostels.

  • Renting a private room rather than settling for a bed in a dorm or hostel is the superior option for a number of reasons, and this is true for a variety of situations.
  • You will have increased levels of privacy if you rent a location. Because you won’t have to worry about having to accommodate total strangers in your space, the possibility of friction and unease will not arise.
  • You can save money on utilities. When you live in an apartment with multiple people, there will inevitably be times when one of your roommates will forget to turn off the lights or the stove after they have finished preparing dinner. For example, if you live in an apartment with multiple people, there will be times when one of your roommates will forget to turn off the lights. All of the people living in the apartment will see an increase in their monthly utility bills as a consequence of this change. If, on the other hand, you live by yourself in a rented house, the rates that you pay for utilities like electricity and water will not be impacted by the activities of other people who live in the same building as you (unless maybe they invite their friends over for house parties).
  • It will no longer be necessary for you to split the cost of groceries with anyone else, which will allow you to realise significant cost savings (just make sure not leave leftovers out too long). Even if these eating establishments provided free breakfast every day — which they typically do not — it still would not amount to enough savings over time in comparison to what it would take just to buy groceries separately instead of doing that. In addition, don’t forget that meals in dorms and hostels tend to cost more than restaurant fare anyway.

Find ways to lessen your expenses on transportation.

The use of ride-hailing apps, websites that facilitate carpooling, and public transportation are some of the most effective ways to cut costs associated with travelling from point A to point B.

Create a plan that’s specific to you and your income and expenses, but still gives you the freedom to live abroad without worrying about how much cash is left in the bank.

  • If you find yourself in a predicament in which you need assistance, do not be afraid to ask for it; you should not hold back. You are not the only one going through this, and you do not have to carry the weight of the world on your shoulders. There are other people going through the same thing as you. You are not alone in what you are going through; there are other people going through the same thing. In the event that you discover that you are in need of some additional funds, you should talk to your relatives or friends who live in the Philippines about the possibility of them sending those funds to you. In the event that you discover that you are in need of some additional funds, you should talk to your relatives or friends who live in the Philippines. If you ask them nicely and demonstrate that you have sufficient financial security, they might be willing to lend you money or give you money in exchange for an IOU if you ask them nicely enough. Only if you ask them nicely will they comply with your request.
  • It is beneficial to your health to step away from your work for short periods of time at regular intervals. It’s possible that living and working in a different country for such a long time took a toll on your mental health. This could be the case. Or, perhaps it was just too stressful for whatever reason; whatever it is that makes life challenging during the first few months, it is typically something that can be solved by taking some time off from work and concentrating on something else instead of working (for instance: spending quality time with loved ones).
  • You have no reason to be concerned about moving back into the house you previously lived in. If things aren’t working out overseas but there are still good job prospects back home — or if there aren’t any jobs at all — then you should think about returning home so that you can learn more about yourself and what life could look like without needing money as much as you did before (if this isn’t possible due to financial reasons, then try changing jobs). Returning home will allow you to learn more about what life could look like without needing money as much as you did before. You should seriously consider going back to your home country if things aren’t going well for you abroad but there are still promising employment opportunities there. If there are no jobs available, you should give some thought to going back home so that you can get a better idea of what your life might be like if you weren’t concerned with finding work. This will allow you to better plan for the future.

Coping with the rising costs abroad can be challenging but there are ways to lessen your expenses and save some money in the process

In the Philippines, we have become so accustomed to a particular way of life and spending pattern that it has almost become second nature for us to carry it out in a given manner. This is because we have become so accustomed to both of these things over the course of our lives. However, once you leave the borders of your home country, you will realise that your life has taken a direction that is entirely different from what it was before you left. To be able to live in a new place, your way of life will need to change, and you will need to educate yourself on how to make your money go further.

You should educate yourself on the following money-saving hacks and practise them as much as possible if you want to be able to effectively deal with the rising costs that you will encounter while travelling abroad. These include:

When you go shopping for groceries, make sure to use sound judgement. You can cut down on the amount you spend on groceries if you purchase non-perishable food items in large quantities and store them properly. Using this method, you won’t need to buy them every week or even every day; rather, you’ll only have to do so once every month or once every two months. If you follow these steps, you will not need to spend a lot of money on weekly grocery shopping because you will have sufficient food on hand for your family. This will allow you to save money.

Make it a top priority to cook the vast majority of your meals in the comfort of your own home. There is no such thing as a frugal decision like getting dinner at a restaurant. It’s possible that it’s convenient, but there’s no way that it’s not going to break the bank on you! If this is the case, then why not prepare meals in your own kitchen? Cooking at home can save you both time and money, especially when compared to eating out all the time.

You can buy used items from either online retailers or from thrift shops in your neighbourhood (if there are any nearby). When you buy items that have been used before, not only are you doing something that is better for the environment, but you are also saving money because the price of these items is lower than the price of brand new items that are sold in retail outlets.


One thing that can be said with absolute certainty is that moving to a new country in order to pursue one’s career and make a living there will undoubtedly come with its share of challenges. Nevertheless, if you give careful consideration to the planning of your trips or stints abroad, you can prevent yourself from accruing debt while you are away from home by avoiding unnecessary expenses. There are also a lot of options available to assist you in replacing the things from your home country that you no longer have access to because you are living abroad. And as more nations begin to acknowledge the value of skilled foreign labour, there will undoubtedly be a great deal more new opportunities available for Filipinos working abroad in the years to come. It is possible that you will face some challenging situations along the way; however, the most important thing for you to keep in mind is to maintain a positive attitude, take things one day at a time, and make the most of the adventure!

READ NEXT: Guide to Maximizing your Experience Working Abroad

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