Financial Literacy Seminar held in May 03, 2024 at Aurora Pioneers

Memorial College (AVR) with the theme “Empowering Financial

Futures” talks about on how we should budget, manage, and invest our
money. When we say the word Financial it means money and Literacy
is your expertise in using your own money. According to the speaker
Mr. Ralfgher Lumapas that there are many formulas on having a good
life in the future. First is we have the Income- Expenses- Savings=
Negative, followed by Income- Savings = Expenses, and Income-
Savings- Investment= Expenses. And also, he discussed the key
components of Financial Literacy 1. Budgeting and Expenses
Management. It is way on how you manage and budget your money.
There are three kinds of Deposit the due date deposit, regular savings
deposit (opening of account), and the basic account (for workers, and
students) we can save our money in our home or in a bank but
advisedly it is more secure if it is in a bank with .25% increase and to
avoid the shortage of coins.
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2. Savings and Investment it is important for the emergency purpose.
You can invest your money in a business like an online seller with no
capital of money, but you can earn money through your hard works.
3. Debt Management as an individual you should know how to
balance your money so that you can’t experience troubles in life. 4.
Preparing for retirement of work. We should know and invest
insurance so that at the end of the day we can have money to relay our
needs because we are not younger anymore but as the years pass by
we become old and our health is not the same as we earn the money
before. So, we must take good care of our health and invest on the
things that are useful in life.