Financial Education In The Philippines Essay

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According to Jappeli and Padula (2013), note that financial itself is a choice; it does not just involve acquiring a sufficient level for choosing among financial services, but also deciding literacy. This means that it is made by decision-making when you manage your finances. It is a choice whether you invest or spend your money. It is common sense for an individual to decide in managing finances. Atkinson (2008) points out the difficulty of measuring the effectiveness of financial education provided at school as the main measurable results appear in adulthood behavior. Financial education in the Philippines is low and because of this many Filipinos are financial illiterate. It is recommended that as early as their age, young people are trained and educated in financial literacy since there is no law implemented in the Philippines that tackles the solution of financial illiterate. A well-designed financial education program not only provides information, but it also offers skill-building and motivation (Hilgert et. al., 2003). Through this strategy, it builds confidence and motivation to a person to handle financial…show more content…
The aim is to create a regionally responsive and develop-oriented Philippines as we move to a better financial system. Financial education and advocacy programs of the public and private sectors have been identified as key areas in creating an enhanced financial system in the Philippines. Along with these are the policy, regulations and measurement of data, which can be used to strategically administer programs for financial inclusion in the

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