28 July 2010

Tips on successful savings from BDO

Overseas Filipino Workers, community members and other shoppers had a chance to rethink their financial management ways with the help of the BDO Financial Literacy Seminar held at SM City Marilao last July 28.

 

 BDO Remittance International Operations PDOS Manager Mr. Orlando Rabago shared great tips to participants invited by the Marilao Public Employment Service Office (PESO). There were also participation from the members of the mall's Global Pinoy Center.

 
During the talk, Rabago shared that it is very important to DREAM and establish clear goals in terms of managing finances. These are mainly to improve living condition, prepare for the future and maximize one's earnings.

 
Among the three steps to success discussed during the presentation were:
  • Establish regular income.
  • Minimize expenses. It is very important to know the difference between needs and wants. Rabago also stressed that in order to be financial independent, is it also crucial to minimize needs and eliminate some of them if possible.
  • Accumulate savings. The talk highlighted the significance of paying one's self first. One great tip to do it is to have two accounts: one for personal savings and one for beneficiaries where expenses can be charged.

The participants also had a one-on-one consultation with Rabago during the program where options to save through BDO were discussed.
 

The financial management talk series is a partnership between BDO and SM's Global Pinoy Center. It is one of the regular features of the center for the benefit of its member OFWs and their families. For more inquiries, visit the Global Pinoy Center located at the second floor of SM City Marilao!

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