In 2016, Standard & Poor (S&P) found that only 25% of Filipino adults are financially literate, with over 75 million having no idea about insurance, inflation, and even the mere idea of savings accounts.1 Citing the study conducted by World Bank in 2015, Bangko Sentral ng Pilipinas said, Filipino adults could correctly answer only 3 out of 7 financial literacy-related questions about basic numeracy, computing compounding interest, fundamentals of inflation, and investment diversification — only 2% of Filipino adults answered all questions correctly.2
1 Go, Vernon. 2021. “State Of Financial Education In The Philippines”. Philstar.com. https://www.philstar.com/the-freeman/cebu-business/2017/08/21/1731331/state-financial-education-philippines.
2 “Boosting Filipinos’ Financial Literacy, One Program At A Time”. 2019. Businessworld. https://www.bworldonline.com/boosting-filipinos-financial-literacy-one-program-at-a-time.
We are inviting you, your friends, and your families, to join us in this short course and discover the world of Personal Finance and how can it help us make our lives better. We will talk about Cash and Credit Management, Risk Management, and Wealth Accumulation as our attempt to increase Filipinos’ financial literacy.
1. We will try to keep updating the contents of this course from time to time to ensure its accuracy and quality.
2. Please note that this course is for educational purposes only and should not be taken as sound financial advice.