Saturday, October 16, 2010

Coming Home from a Contract Work

Coming Home from a Contract Work.
Have you ever experienced working on a contract basis? or working on a contract basis offshore?
Are you an experienced offshore worker?
A person will not accept offshore work if it not that the work offers above average incentive.
Considering the difficulties that one has to bear working away from his love ones yet many people choose to take this chance.In exchange one has to enjoy a monthly salary that is equivalent to more than three times when working on his own country. With this amount, family back home may enjoy the perks of the having enough to spend and have a better quality of life.
If you are working offshore and sending almost every penny that you earn back home, then don't..
Chances are there not much left for savings..
If you are working on a contract basis which gives you a couple or more of months in
"out of contract" then you should consider saving while your on a contract.

Consider the following factor how long will it be till you can have another contract? In that case your savings must be equivalent or greater than your expenses during that period.During the period of which you are out of job (contract)  there are personal investment or expenses that you have to satisfy that is additional training, working permit,licenses, certification and processing fees.These should be part of your savings.
If you are thinking that your family back home could save some for the rainy days. Think again.
It is better that you , the bread winner saving "some" every payday ,would be a lot easier since you know how hard it is to earn it. 

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