This guide is for Overseas Filipino Workers (OFWs) who are planning to return home permanently. It’s packed with simple tips and real-life examples to help you prepare for a successful and happy life back in the Philippines. You’ve worked hard abroad, now it’s time to make your homecoming work for you.
Is Coming Home Right for You? A Quick Self-Check
Before we dive into the details, let’s make sure you’re really ready to come home for good. It’s a big decision, and it’s important to think it through carefully. Ask yourself these questions:
- Financially Prepared? Do you have enough savings to support yourself and your family for a while, even if you don’t have a job right away? Have you paid off debts and secured investments?
- Career Prospects? Have you explored job opportunities in the Philippines, or are you planning to start a business? Do you have a clear idea of how you’ll earn income?
- Family Expectations? Have you discussed your plans with your family and are they supportive of your decision? Are you prepared for any adjustments in family dynamics?
- Emotional Readiness? Are you emotionally prepared to leave your life abroad and adjust to a different culture and pace of life in the Philippines?
If you answered “no” to several of these questions, it might be a good idea to spend a little more time planning and preparing before making the final move. Remember, a successful homecoming is all about careful preparation.
Money Matters: Saving, Investing, and Budgeting for Your Return
Let’s face it, money is a crucial piece of the puzzle. You need to have a solid financial plan in place before you even pack your bags. The Philippine Statistics Authority (PSA) provides helpful insights on OFW remittances and their use, which can help inform your financial planning.
Building a Savings Cushion: Aim to have at least 12 to 24 months of living expenses saved up before you come home. This will give you a buffer while you look for a job or start a business. Think about all your expenses – food, housing, transportation, utilities, healthcare, and education for your children. Add them all up and multiply by 12 or 24 to get your target savings amount.
Smart Investments: Don’t just keep your money in a savings account. Explore different investment options that can help your money grow, such as stocks, bonds, mutual funds, or real estate. Consider consulting a financial advisor to create an investment portfolio that suits your risk tolerance and financial goals. For example, you might consider investing in Philippine government bonds, which are generally considered a safe investment option. However, always do your research and understand the risks involved before investing.
Budgeting Like a Pro: Create a detailed budget that outlines your income and expenses. Track your spending regularly to make sure you’re staying on track. Identify areas where you can cut back to save more money. There are many budgeting apps and tools available online that can help you manage your finances effectively. Make sure to adjust your budget as needed to reflect your changing circumstances.
Debt Management: Before you return, pay off as much debt as possible. High-interest debt, like credit card debt, can quickly eat into your savings. Consolidate your debts or explore debt management programs to make it easier to pay them off. The Bangko Sentral ng Pilipinas (BSP) provides information and resources on financial literacy and debt management.
Real-Life Example: Let’s say you’re sending home PHP 50,000 a month. If you dedicate PHP 10,000 of that to a high-yield savings account or a low-risk investment for five years, you’ll have a significant amount saved up. The key is to start small, be consistent, and let compound interest work its magic. Remember, even small amounts saved regularly can add up over time.
Job Hunting in the Philippines: Preparing for the Local Market
Finding a job in the Philippines after working abroad can be challenging, but it’s definitely possible. It’s all about preparation and knowing where to look.
Updating Your Skills: The job market in the Philippines may be different from what you’re used to. Consider taking courses or workshops to update your skills and make yourself more competitive. Online learning platforms like Coursera and Udemy offer a wide range of courses that you can take from anywhere in the world. Focus on skills that are in demand in the Philippine job market, such as digital marketing, data analysis, or project management.
Networking is Key: Start networking even before you come home. Connect with people in your industry through LinkedIn and other professional networking platforms. Attend online industry events and webinars to meet new people and learn about job opportunities. Let your friends and family know that you’re looking for a job and ask them to spread the word.
Online Job Boards: There are many online job boards in the Philippines where you can find job openings. Popular job boards include JobStreet, Indeed Philippines, and LinkedIn. Tailor your resume and cover letter to each job application, highlighting your relevant skills and experience. Make sure to proofread your application materials carefully before submitting them.
Consider Your Options: Don’t limit yourself to your previous job title or industry. Explore different career paths and be open to new opportunities. The Department of Labor and Employment (DOLE) offers career guidance and counseling services to help you identify your strengths and explore different career options.
Real-Life Example: An OFW working as a nurse in Saudi Arabia might take online courses in healthcare management to qualify for supervisory roles upon returning home. This demonstrates a proactive approach to career advancement and shows potential employers that you’re committed to continuous learning.
Starting Your Own Business: Becoming Your Own Boss
Many OFWs dream of starting their own business when they come home. It’s a great way to be your own boss and create a sustainable income stream. However, it’s important to do your research and plan carefully before taking the plunge.
Identify a Need: Look for a problem that you can solve or a need that you can fulfill. Think about what products or services are in demand in your community. Conduct market research to determine the viability of your business idea. Talk to potential customers and get their feedback on your product or service.
Write a Business Plan: A business plan is a roadmap for your business. It outlines your business goals, strategies, and financial projections. A well-written business plan will help you stay focused and on track, and it will also be essential if you need to secure funding from banks or investors. The Small Business Corporation (SB Corp) offers programs and resources to help aspiring entrepreneurs develop their business plans.
Secure Funding: Starting a business requires capital. Explore different funding options, such as personal savings, loans from banks or microfinance institutions, or grants from government agencies. The Overseas Workers Welfare Administration (OWWA) offers livelihood programs and financial assistance to OFWs who want to start their own businesses.
Legal Requirements: Make sure you comply with all the legal requirements for starting and operating a business in the Philippines. Register your business with the Department of Trade and Industry (DTI) and obtain the necessary permits and licenses. The DTI provides information and resources on business registration and compliance.
Real-Life Example: An OFW who loves to cook might start a small food business from home, selling homemade delicacies online or at local markets. Another OFW with experience in construction might start a small construction company specializing in home renovations. The possibilities are endless, as long as you have a clear business plan and the determination to succeed.
Family Matters: Rebuilding Relationships and Adjusting to Home Life
Coming home is not just about finding a job or starting a business. It’s also about reconnecting with your family and adjusting to life back in the Philippines. This can be both exciting and challenging.
Open Communication: Talk to your family about your expectations and concerns. Be open and honest about your feelings and listen to their perspectives. Family dynamics may have changed during your time abroad, so it’s important to re-establish communication and understanding.
Quality Time: Spend quality time with your family. Plan activities that you can all enjoy together, such as going on trips, playing games, or simply having meals together. Reconnecting with your family takes time and effort, but it’s worth it to rebuild those important bonds.
Financial Responsibilities: Discuss your financial responsibilities with your family. Set clear expectations about who will be responsible for what expenses. Avoid misunderstandings by having open and honest conversations about money. It’s also important to teach your children about financial literacy and responsible spending habits.
Adjusting to the Pace of Life: Life in the Philippines may be different from what you’re used to. Be prepared for a slower pace of life, more traffic, and less emphasis on schedules. It may take some time to adjust, but try to embrace the culture and enjoy the simple things in life.
Real-Life Example: An OFW who has been working abroad for many years might find it difficult to adjust to living back with their parents. They may have different expectations and values, which can lead to conflict. Open communication and a willingness to compromise are essential for navigating these challenges.
Dealing with Reverse Culture Shock: It’s a Real Thing!
You might think that coming home would be easy, but many OFWs experience reverse culture shock. This is the feeling of disorientation and discomfort that can occur when you return to your home country after living abroad for a long time.
Symptoms of Reverse Culture Shock: Reverse culture shock can manifest in different ways, such as feeling bored, frustrated, or isolated. You may also experience difficulty adjusting to the local culture and values. You might find yourself comparing your home country to your host country, and feeling disappointed with the differences.
Tips for Coping with Reverse Culture Shock:
- Be Patient: Give yourself time to adjust. It may take several weeks or even months to feel comfortable back in your home country.
- Stay Connected: Maintain contact with friends and family from abroad. Sharing your experiences with them can help you feel less isolated.
- Focus on the Positive: Remind yourself of the reasons why you wanted to come home. Focus on the positive aspects of your life in the Philippines.
- Get Involved: Get involved in activities that you enjoy. Join a club, volunteer, or take a class. This will help you meet new people and feel more connected to your community.
Real-Life Example: An OFW who has been living in a fast-paced city like Dubai may feel overwhelmed by the slower pace of life in the Philippines. They may miss the convenience of public transportation and the variety of international cuisine. It’s important to be patient and understanding with yourself as you adjust to these differences.
Healthcare and Well-being: Taking Care of Yourself
Your health and well-being are important, especially after years of working hard abroad. Make sure you have a plan for healthcare and take care of your physical and mental health.
Health Insurance: Obtain health insurance to cover your medical expenses. PhilHealth is a government-sponsored health insurance program that is available to all Filipinos. You can also purchase private health insurance for more comprehensive coverage. Consider your healthcare needs and budget when choosing a health insurance plan.
Regular Checkups: Schedule regular checkups with your doctor and dentist. Make sure you’re up-to-date on your vaccinations and screenings. Early detection of health problems can help prevent serious complications. Consider the possibility of ailments, illnesses or injuries you can acquire and try to be as prepared as you can in terms of health and money.
Healthy Lifestyle: Maintain a healthy lifestyle by eating a balanced diet, exercising regularly, and getting enough sleep. Avoid smoking and excessive alcohol consumption. A healthy lifestyle will improve your overall health and well-being, and reduce your risk of developing chronic diseases.
Mental Health: Take care of your mental health. If you’re feeling stressed, anxious, or depressed, seek professional help. There are many mental health professionals in the Philippines who can provide counseling and therapy. Don’t be afraid to seek help if you need it. Mental health is just as important as physical health.
Real-Life Example: An OFW who has been working in a physically demanding job may experience back pain or other musculoskeletal problems. It’s important to seek treatment from a qualified healthcare professional and follow their recommendations for managing your condition.
FAQ Section
What documents do I need to bring back with me? You should bring back important documents such as your passport, employment contract, birth certificate, marriage certificate, educational diplomas, and medical records. Also bring copies of bank statements and investment records to help you manage your finances back home.
How do I transfer my money from abroad to the Philippines? There are several ways to transfer money from abroad to the Philippines, including bank transfers, online remittance services, and money transfer agents. Compare the fees and exchange rates of different services to find the best option for you. Familiarize yourself with any regulations or reporting requirements.
What are the tax implications of returning to the Philippines? You may be subject to Philippine income tax on your earnings and investments. Consult a tax advisor to understand your tax obligations and how to minimize your tax liability. The Bureau of Internal Revenue (BIR) can provide guidance on tax matters.
How do I find housing in the Philippines? There are many ways to find housing in the Philippines, including online real estate portals, classified ads, and real estate agents. Consider your budget, location preferences, and lifestyle when choosing a place to live. Think twice on buying a luxurious house—you may want to allocate the supposed extra cash for expanding your business, or unforeseen expenses.
Where can I find support and resources for OFWs returning to the Philippines? There are several government agencies and non-governmental organizations that provide support and resources for OFWs returning to the Philippines, including OWWA, DOLE, and various OFW advocacy groups. These organizations can provide assistance with job placement, business development, financial literacy, and psychosocial support.
References
Philippine Statistics Authority (PSA). Reports on Overseas Filipino Workers.
Bangko Sentral ng Pilipinas (BSP). Financial Literacy Programs and Resources.
Department of Labor and Employment (DOLE). Career Guidance and Counseling Services.
Small Business Corporation (SB Corp). Programs for Aspiring Entrepreneurs.
Overseas Workers Welfare Administration (OWWA). Livelihood Programs and Financial Assistance.
Department of Trade and Industry (DTI). Business Registration and Compliance.
Your New Chapter Begins Now!
You’ve worked hard, saved diligently, and planned meticulously. You’re ready to come home for good and start a new chapter in your life. Don’t let fear or uncertainty hold you back. Take the leap, embrace the challenges, and enjoy the rewards of being back home with your loved ones. If you’re still feeling unsure, take a moment to revisit your goals, your financial plan, and your support system. Remember why you started this journey in the first place. You have the strength and the resources to make this homecoming a success. Start planning your homecoming trip today!
