![\"OFW](\"https:\/\/leasing.dmcihomes.com\/wp-content\/uploads\/OFW-budgeting-tips-set-a-budget.jpeg\")
Photo courtesy of Pixabay<\/a> via Pexels<\/p><\/div>\n Figure out how much you are willing to spend and can afford for your holiday vacation. Make sure you\u2019ve already set a strict budget<\/a> before flying back home, and commit to sticking to it. Beyond just your travel expenses, your budget should include all expenses for the Christmas season: shopping for gifts, costs of celebrations, and charitable contributions. Needless to say, you should also be planning for your plane tickets and your daily expenses while in the Philippines. Once your budget is set, commit to sticking to it. And always look for ways to save money, from using coupons to taking advantage of rebates.<\/p>\n Aside from setting a budget for gifts, you need to be more specific with your expense plan to avoid going overboard with your shopping. List down the recipients, and distribute the budget among them. If possible, you should already have a clear plan of what to buy for each one.<\/p>\n Your budget plan for gifts does not have to be complicated. Here\u2019s a sample you can follow: Php2,500 for your spouse, Php1,500 for each of your children, Php1,000 for your parents and in-laws, and Php500 each for your siblings, close friends, and godchildren.<\/p>\n Photo courtesy of Yulianto Poitier<\/a> via Pexels<\/p><\/div>\n While it\u2019s tempting to announce your Christmas vacation on social media, hold it off for now. Just inform your family and close friends instead. This will help you keep your expenses from ballooning, as people won\u2019t be knocking at your door for cash solicitations and sponsorship requests. Keeping it quiet will also allow you to avoid any resentment from people you may not have time to meet up with. If you really want to post photos of your vacation, it\u2019s best to do this after the holidays. This way, you get to curate your best photos and include a message that explains why you only chose to spend your vacation with a few people. People will be more understanding if you take this approach.<\/p>\n Photo courtesy of iiijaoyingiii<\/a> via Pexels<\/p><\/div>\n Many OFWs take out a loan to fund their Christmas vacation. Avoid taking the same route. You should only take out a loan if you plan to spend it on something that will earn more than the interest rates you will be paying. Otherwise, you will be throwing away hard-earned money. Always strive to spend within your means. No vacation or Christmas extravaganza is worth getting into financial ruin for.<\/p>\n Instead of creating a dent on your finances, take the opportunity to manage your finances<\/a> while you are back home in the Philippines. Conduct a thorough financial inventory, update your accounts, and proactively look for opportunities to grow your money.<\/p>\n Your holiday break is a good time to manage your assets, attend seminars, open investment accounts, and update your insurance policies. Be wary of scams and opportunists. Never invest in anything you do not have enough knowledge of, and avoid dealing with people who do not have the necessary credentials. Con artists are on the prowl when it\u2019s the holiday season.<\/p>\n Your expenses can go out of control if you don\u2019t plan your travels while in the country. There are just so many awesome places to visit that things could easily spiral out of control. You can avoid this by preparing an itinerary beforehand. Not only will this let you keep your expenses under control, but this will also allow you to do everything that you actually want to do, instead of just getting pulled in all directions. Having a plan will make it easier to decline invitations to parties and events that are not important to you.<\/p>\n Photo courtesy of 27707<\/a> via Pixabay<\/p><\/div>\n OFWs are susceptible to pressure from relatives and friends to give gifts and sponsorships. Be ready and willing to say \u201cno\u201d to requests that are not within your budget. Decent people will never pressure you into doing anything that makes you uncomfortable. People who are not so decent will always find ways to see you in a negative light. So don\u2019t be afraid to displease people with a \u201cno.\u201d You can never control what people think. People will see things as they wish. And there is no pleasing people who feel entitled to your hard-earned money. You\u2019re better off doing what\u2019s right, which is sticking to your budget and spending only on essentials.<\/p>\n Photo courtesy of Sara Wether<\/a> via Pexels<\/p><\/div>\n Remember that one of the main reasons you are coming home to the Philippines for the holidays is to be with your family, so make sure you include them in your plans. It\u2019s as much a family affair than a personal vacation. Don\u2019t just impose your wishes on everyone. Include them in the planning process so everyone will have a vacation to remember. If you are like most OFWs, you may have spent way too much time away from your family. Take this rare chance to bond with everyone and make up for lost time. Moreover, doing the planning with your family will instill in them the idea that you are a team. It will also help them learn a thing or two about financial responsibility.<\/p>\n Photo courtesy of Artem Bali<\/a> via Pexels<\/p><\/div>\n One of the most effective ways you can keep your expenses under control is by bringing only the money you will need. As much as possible keep your credit cards out of reach. If you must bring your cards, make sure you can muster the discipline not to spend more than you intended. Your Christmas vacation won\u2019t be a joyous one if it will result in financial ruin. Avoid this at all cost.<\/p>\n Photo courtesy of DMCI Leasing<\/p><\/div>\n You\u2019re on vacation, so you deserve to get all the comfort you crave. You\u2019ve been working hard all year and you deserve the treat. Choose your accommodation well. Go for one that is as practical as it is luxurious. Instead of staying in a hotel, rent a condo unit instead. As long as you choose a prime condo property, your accommodation will be as good as any hotel \u2013 only cheaper and with the amenities of a home. It will also be more spacious and will accommodate more people. DMCI Homes offers many great options in several locations, so you\u2019ll surely find an affordable condo for rent<\/a> that meets your needs.<\/p>\n From condo renting to finding inventive ways to keep your expenses under control, these OFW budgeting tips are foolproof and worth following. Go ahead and crunch those numbers now!<\/p>\n","protected":false},"excerpt":{"rendered":" After being away from your family for a long time, coming home for the holidays is a joyous moment. But it can also be a very expensive one. From nonstop reunions to overflowing balikbayan boxes, Christmas vacations can create a serious dent on your finances. Don\u2019t allow financial woes to strip the holiday of its […]<\/p>\n","protected":false},"author":1,"featured_media":8921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-8915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-party-and-events"],"_links":{"self":[{"href":"https:\/\/leasing.dmcihomes.com\/blog\/wp-json\/wp\/v2\/posts\/8915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leasing.dmcihomes.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/leasing.dmcihomes.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/leasing.dmcihomes.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/leasing.dmcihomes.com\/blog\/wp-json\/wp\/v2\/comments?post=8915"}],"version-history":[{"count":5,"href":"https:\/\/leasing.dmcihomes.com\/blog\/wp-json\/wp\/v2\/posts\/8915\/revisions"}],"predecessor-version":[{"id":15383,"href":"https:\/\/leasing.dmcihomes.com\/blog\/wp-json\/wp\/v2\/posts\/8915\/revisions\/15383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/leasing.dmcihomes.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/leasing.dmcihomes.com\/blog\/wp-json\/wp\/v2\/media?parent=8915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leasing.dmcihomes.com\/blog\/wp-json\/wp\/v2\/categories?post=8915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leasing.dmcihomes.com\/blog\/wp-json\/wp\/v2\/tags?post=8915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Itemize your gifts<\/h3>\n
Keep it a private affair<\/h3>\n
![\"OFW](\"https:\/\/leasing.dmcihomes.com\/wp-content\/uploads\/OFW-budgeting-tips-keep-it-private-affair.jpeg\")
Spend within your means<\/h3>\n
![\"OFW](\"https:\/\/leasing.dmcihomes.com\/wp-content\/uploads\/OFW-budgeting-tips-spend-within-your-means-1024x768.jpg\")
Take control of your personal finances<\/h3>\n
Prepare an itinerary<\/h3>\n
Learn to say \u201cno\u201d<\/h3>\n
![\"OFW](\"https:\/\/leasing.dmcihomes.com\/wp-content\/uploads\/OFW-budgeting-tips-learn-to-say-no-1024x600.jpg\")
Keep your family in the loop<\/h3>\n
![\"OFW](\"https:\/\/leasing.dmcihomes.com\/wp-content\/uploads\/OFW-budgeting-tips-keep-your-family-in-the-loop.jpeg\")
Bring only the money you will need<\/h3>\n
![\"OFW](\"https:\/\/leasing.dmcihomes.com\/wp-content\/uploads\/OFW-budgeting-tips-bring-only-money-needed.jpeg\")
Be practical with your accommodation choice<\/h3>\n
![\"OFW](\"https:\/\/leasing.dmcihomes.com\/wp-content\/uploads\/OFW-budgeting-tips-be-practical-with-accomodation-choice.png\")