According to a Standard & Poor’s (S&P) Ratings Services, only 25% of Filipino adults are financially literate. This is actually considered very low and alarming. The good news is there are a lot of efforts in the country to promote financial literacy and thus, we no longer have any excuse not to improve our skills in personal finance and financial management.
Aside from seminars, books and workshops, online resources have been launched and made available especially for Filipinos. Here are the top online resources to start-off your financial education.
1. Brighter Life Institute - Open for enrollment since 2014, the award-winning Brighter Life Institute or BLI is an organized learning program inspired by MOOCs (massive online open courses). For this year, BLI rolls out the Moving Up module – a set of lessons which aim to teach families basic financial planning practices and the value of honest conversations about money, even to one’s children.
The Moving Up module takes its cue from Sun Life’s ‘Money For Life’ philosophy, which shows a holistic journey through four different life stages. With lessons spanning from creating a household budget to preparing for future milestones such as a college education, BLI’s latest offering can now be accessed via http://brighterlife.com.ph/bli-moving-up/.
2. My Future Fund Calculator - For a glimpse of how an insurance-with-savings product can help in reaching one’s dreams on time, the My Future Fund Calculator is available via bit.ly/myfuturecalculator. Just set a target date, choose a My Future Fund nearest the target date, and pair it with a suitable Sun Life variable life insurance product.
My Future Fund is perfect for families who are preparing for a specific purpose, like a college education or owning their own home.
What’s more, users of the My Future Calculator can get a chance to win P25,000 cash when they share it on Facebook and subscribe to Brighter Life Institute through the promo. Full mechanics here.
3. Websites or Blogs
Now on its fourth year, #SINAG invites Filipino bloggers and online journalists to be part of Sun Life’s financial literacy advocacy by sharing and posting about their insights and experiences on money management.
From securing their future to learning about financial instruments, #SINAG is a valuable compilation of life stories and advice from writers who also believe in the benefit of being financially prepared.