SHILLA-ANN Q.

HIPOLITO
ANA MAE CLARISSE A. QUINDIAGAN
 OBJECTIVES:
• Define financial literacy;
• Benefits of Financial Literacy
• Characterize financial literacy in the
Philippines; and
• Start practical steps to develop personal
financial literacy
Frequently Asked Questions (FAQs)

• What is Financial Literacy?

• Why we need to Financial Literate? And
why is it important?
• Where does our money go?
• Why we have money problem?
• What do we do then?
WHAT IS FINANCIAL LITERACY?
FINANCIAL LITERACY -
is the ability to read, analyze, manage and
communicate about the personal financial conditions
that effect material well- being.
(National Endowment for Financial Education)
HASTINGS, MADRIAN and
SKIMMYHORN(2013)

• Knowledge of financial products

• Knowledge of financial concepts
• Having the mathematical skills or
numeracy necessary for effective
financial decision making; and
• Being engaged in certain activities
such as financial planning.
Why we need to Financial
Literate?
Why is it important?
 Where does our money go?

OTHERS
ACCOUNTS PAYABLE/
SAVINGS
OM E
IN C

INSURANCE
SUPPORT FOR PREMIUMS
PARENTS, RELATIVES

YOUR CHILDREN’S
HOUSEHOLD EXPENSES
EDUCATION
 m?
b l e
pr o
e y
m on
ave
e h
y w
W h
• REPUBLIC ACT 10922- “Economic
and Financial literacy Act”

*Public and private institution alike have recognized the

need for financial literacy to be incorporated in the
school curriculum.
 e d o
d o w
h at
W n?
t he

F IN A N C I A L LY
WE N EE D TO
R O U RS ELV E S
EMP O W E
Some Tips to Empower Oneself
• Identify which are needs and wants
• Freedom from WANT
• Get out of debt.
• Prudent use of money.
• Thriftiness and diligence
• Get loans only if needed
• Self helo and financial independence
• Improve your physical and spiritual well-being.
• Know your worth.
6 Standard develop by “The
Council for Economic Education”
• Earning Income
• Buying goods and services
• Saving
• Using credit
• Financial Investing
• Protecting and Insuring
The Benefits of Financial Literacy