Overseas Filipinos urged to make prudent investments
6 hours ago
Mariecar Jara-Puyod,
Senior Reporter
Financial literacy is a must for all overseas Filipinos (OFs) with working abroad strongly associated with greener pastures, specifically for the family’s and loved ones’ sake.
Former Commission on Filipinos Overseas (CFO) executive director Jennifer Ocampo Gonzales said: “Whether they are temporary or permanent – the Filipinos married to foreign nationals or petitioned by their relatives or contracted to work and eligible for citizenship – financial literacy is a must for all (OFs) and their families, either with them or back home.”
Gonzales said it would be for their own good if OFs take cognisance of the banking rules and regulations of the host country, She added: “Do not borrow money unless you can pay it on time to avoid penalties and embarrassment.