on weaker dollar....

over the last few months it is in the news: weakening dollars...... unfortunately it affect everybody.... worst of all i think are us who works overseas.... OFW like me are now faced with a so called double edged blade.... weakening dollar and stronger peso.... the effect was tremendous...

the global effect of the weakening dollar is very apparent with increasing prices of commodities... even here in the middle east where the prices of commodities has been fairly stable in the last 10 years, the direct impact can be felt.. locals and expatriate alike are tightening their belts to make sure they can avail of the very basic of their needs...

for me, i am just thankful that we are still able to sustain the effect of the price increase and the decreasing foreign exchange rate of the peso compounded by the weakening dollars...

let's just all hope for the best....

stronger peso....

for the last year or so, contract workers has been feeling the effect of the so called stronger peso.... compounded by the weakening of the dollar, and the increasing oil price contract workers really has to tighten their belts, including their dependents back home...

i still remember the time when we used to get 55 pesos to a $ barely a year ago... now the Forex is now down to 41.50 to a $.... imagine that is almost 25% reduction on the value of what we are sending home....

so for us here overseas, we have to try and find ways to keep the remittance enough for the family's needs... the odd thing is the prices of the commodities are not going down.... worst is the prices of commodities here is increasing as well...

at least we are still able to send remittance home...

of needs and wants....

working overseas gives you a lot of opportunity to see a lot of electronics and household electronics at cheaper price... some of these items are not readily available back home.... looking at them makes you envious and wanting to have them....

here is where good thinking matter most, for me i always categorize things before jumping to a decision to buy or not to buy any item that fancy my eyes... the question that i always ask myself is, "Do i need it or i just want it?"

it makes a big difference especially when you are on a tight budget... and you know that our family are looking up to you.....