As shopping season peaks, OFWs reminded to save for the future


Amid the holiday shopping season, overseas Filipino workers (OFWs) and their families are encouraged to have sound financial plans for the future before splurging on material things, as big-paying overseas jobs could come and go.
Though government financial and livelihood assistance is assured to displaced OFWs, the Overseas Workers Welfare Administration (OWWA) said OFWs are encouraged to prepare for eventualities like retrenchments.
"Hindi forever 'yung pagiging OFW [kaya] dapat prepared ka sa eventual na pagbabalik mo dito sa Pilipinas," said Zandro Almendrala, head of OWWA's Reintegration Unit in the National Capital Region, in a report by GMA News' Ivan Mayrina on 24 Oras on Thursday.
He said the same advice is also given to the family of OFWs.
"'Yung mga kabataan, mga anak ng OFW, dapat mas na-appreciate nila 'yung pinagpaguran ng kanilang magulang, na ito dugo't pawis ng kanilang magulang," Almendrala said.
A displaced OFW can receive P20,000 livelihood fund from OWWA. Aside from financial help, the agency also teaches OFWs financial literacy to make them knowledgeable in savings, investment and income protection.
Almendrala said the assistance aims to lessen the affected OFW's burden and also to help him start a livelihood in the country. —KBK, GMA News

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