[Infographic] 5 Financial Goals Every OFW Should Have

What kind of goals should you aim for as an OFW?

1. Be debt-free. Aim to eliminate all of your debt obligations. Avoid incurring higher interest rates or penalties by paying loans and debts on time. Being debt-free means you can use more of your income to for savings and investments.
   
   
2. Build up savings. Saving up must also be your top priority and should take up a larger share of your budget. Savings can also be found when you spend less, become prudent with your budget, and recognize your wants from your needs when setting up your finances.
   
   Opening a US dollar savings account helps secure more funds that you can use for emergencies, family vacations, investments, or even opening your own business in the future. Explore your savings options to see which ones can secure and grow your money.
   
   
3. Prepare for retirement. As much as you enjoy working right now, retirement should not be far from your mind. Think of how you want to retire in the future and make a plan on how to make your desired retirement possible. You will need sufficient funds to sustain your day-to-day expenses, plus an emergency fund for future needs.
   
   This is where having a US dollar savings account and a US dollar-based investment can help. When you save or invest the dollars you’ve earned, you have the opportunity to get bigger returns and obtain wider insurance protection than most plans. Bigger returns will mean more funds to support you and your family when you retire.
   
   
4. Learn how to invest and diversify your investments. Next to setting up substantial savings, you should aim to have an investment portfolio to help stretch out your earnings. Start by investing in BPI AIA's Dollar Protect Plus, which gives you access to global funds, allowing you to grow your US dollar portfolio.
   
   As you build your earnings, you can then push for higher goals like investing in real estate or funding a business opportunity. The key is to keep your money from being static and find as many ways as possible to grow your money.
   
   
5. Secure your income and protect your family’s future. Look for an insurance plan that will serve several purposes: to secure your own life, health, and income; to secure your family’s life, health, and other needs; and to grow your premium through an investment linked with the plan.
   
   Aside from giving you the opportunity to invest your money in the most widely accepted currency in the world, Dollar Protect Plus also has a life insurance component that ensures your family's future is protected in case something happens to you. Combining your life insurance with a linked investment expands your savings, giving you additional cash benefits that you can either claim at the end of your plan’s term or re-invest so your fund can grow further.

If you’re looking for a plan that will help you cover your financial goals, look no further than BPI AIA’s Dollar Protect Plus. This affordable plan combines life and health insurance with expertly-managed investment funds, giving you the chance to have higher returns and better value over time. With the comprehensive coverage and value offered by Dollar Protect Plus, you become one step closer to achieving your goal of providing a better future for you and your loved ones.

Learn more about achieving your financial goals by visiting any of the 900 BPI branches nationwide and talk to a Bancassurance Sales Executive.