If there is one thing that I always hear about expats or workers, that would be the worry about the employment placement fee. As an aspirant worker, this may have been one of your biggest fear for it is equivalent to cash out a certain amount.
Most especially that we hear terrible stories of scams and the likes, we find it very hard difficult to trust agencies, let alone, individuals.
Who would not be anxious? The placement money that we need to produce is not something easily available in our pocket or even in our existing bank account.
Well, I know how it feels, and I can tell you that when you get through it, you’ll be very thankful. The process of working abroad or anywhere else is not easy.
It is, in fact, a form of investment. And as what most business-minded people would say, only those who are willing to take risk will be successful.
With the scammers left and right trying to get money from people who are desperate to find a job, the doubt is acceptable. What I can tell you now is that you have to be very keen and observant.
Try to study the legitimacy or the authenticity of the agency or the individual before handing over your placement fee.
In this article, allow me to share some tidbits of tips with you on how you can manage your employment placement fee. As you start to work, always take in mind the placement fee that you have to pay if in case that you did not pay it in full before the processing or if you just borrowed the money from someone else.
Here is the list of how to manage the Employment Placement Fee.
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1. Live within your means
Well, this may be one of the most cliché saying available for anyone. The truth is, it may be simple, but it exudes the utmost importance of being a worker. Being a worker means you have a specific goal.
The goal that you have should not include wasting money on irrelevant things. You need to know how to prioritize your spending based on your monthly income.
Anything that goes beyond your income is a big no. You need to continually re-evaluate your spending activity so that you could be in-charged of your expenses. You cannot simply go around and spend the money that you have.
Yes, that is your own money. But you have to take in mind that you have a placement fee to complete. That payment should be paid in full as soon as possible. After all, you will feel much relieved when it is over.
2. Look for job number 2, 3, 4, or for as much as you can
I emphasized in this point the “for as much as you can” idea. I do not want you to get the impression that you have to overwork yourself.
What I am trying to tell you that if your body permits, you can still get an additional job. This is the trend for most expats and workers.
They do not settle for a single job. They look for limitless opportunities, and they try their best to squeeze it in their schedule.
See where it got them? They are successful in their respective fields. Getting an additional job can help you manage your employment placement fee sooner.
The earlier you get extra money, the earlier you can pay off your debts. It means that there would be less interest and more savings on your part.
3. Eliminate additional bills
You might say that it is just a small amount which you pay every month. But if you are going to add the amount up, you will be surprised by the total of it.
You have to cut out all the unnecessary bills or subscriptions that you have right now.
Are you more of a movie type? Go for online movies than having a monthly movie subscription.
Do you want to stream some songs?
Go on a free website online and cut out your monthly music subscription.
Yes, all of these could help you manage your placement fee sooner and better. The money that you are supposed to use in paying unnecessary bills could be used in paying off your placement fee.
4. Do not fall for the loan trap
Since you are now working and people know that you have a placement fee to pay, they will urge you to take a loan. What I want you to do is do not fall for such a thing. Why? It will never be helpful. It will only drain you along with your salary. I am telling you, once you get to try it, it will become a habit.
You will be the favorite prospect of those who would like to earn out of lending money.
I do not want you to manage to settle your placement fee just because of taking another loan. I want you to be able to resolve it through pure discipline and hard work.
Once you get to settle the placement fee, you will be delighted that you did it on your own without borrowing from any lender.
You have to work for it and pay it on your own.
Managing to pay your settlement fee may not be easy at the beginning. You will have to be organized and at the same time, patient in following your plan. It is now your way of focusing on the goals that you planned. You entered the world of the workforce, and in return, you have to use it as a platform to grow.
I want you to grow into a happy and mature individual. You will be someone who works hard for the sake of savings and for the sake of providing the needs of your family. I know and believe that you can do it. If others were able to manage it, you can too, through hard work.
Good luck in managing your employment placement fee and I wish you all the best!