[Infographic] 4 Financial Habits to Develop if You’re Planning to Move Abroad

1. Open a US dollar bank savings account. Opening a dollar account in the Philippines is a good move no matter your financial goals because it lets you maximize the value of your US dollars. It also gives you the capability to invest in global funds, and grow your wealth in the most accepted currency in the world--a smart move if you're planning to move abroad.
   
   
2. Set long-term goals. Once you secure your future with a dollar savings account, it’s easier to set long-term goals—and stick to them. Where do you see yourself and your family in five, 10, 15 years and so on? When do you want to move abroad? Where do you want to spend your retirement? These are big decisions that you have to think about and discuss with your family. Then, you can take steps to fund those goals.
   
   Putting your money in a low-risk dollar investment plan will put your money to work in the background as you tackle the long list of things to do before moving abroad. BPI AIA's Dollar Protect Plus gives you access to an array of offshore funds that provide cost-efficient passive strategy funds, lower management fees, performance-driven global assets, and tax-efficient offshore funds. It’s a low-risk dollar savings plan that will help you secure your future goals.
   
   
3. Monitor the cost of living in your destination of choice. As early as now, develop the habit of monitoring the cost of living in the country you wish to move to. Regularly check the cost of rent, utilities, food, transportation, tuition fees, and other necessities in the top cities or areas of your choice. You can use a tool like Numbeo, a crowd-sourced global database of consumer prices and other stats. This will help you get into the mindset of saving and spending in a different currency than the local one you’re accustomed to.
   
   
4. Share wise money habits with the family. The earlier your children or younger siblings develop wise money habits, the better they can make financial decisions later in life. Sit down with them and talk about why you’re prioritizing certain things that will pay off in the future—for example, putting the monthly premium for your BPI AIA's Dollar Protect Plus over a last-minute weekend trip. Young ones learn from what they see, so make sure you walk the talk, too. An added bonus? Being accountable to impressionable young minds will motivate you to make wise money decisions, stick to your goals, and look forward to the future.

Prepare for retirement with Dollar Protect Plus, which not only maximizes your US dollar savings but also offers the benefits of life insurance. On top of the guaranteed death benefit, it also offers additional coverage for accident, health, and disability.

With Dollar Protect Plus, you can maximize the value of your US dollar funds and protect your wealth as you plan to retire outside the country. Learn more about how Dollar Protect Plus can help you fulfill your dream of moving abroad by visiting the BPI AIA website.