The Philippine Consulate-General on Tuesday announced the launch of its third Financial Literacy (FinLit) programme beginning August to help Filipinos manage their finances and empower them to become successful entrepreneurs.
The FinLit programme boasts of a year-long calendar of activities starting with saving, budgeting and debt management in August, to insurance and investments to franchising, exporting, agribusiness and more.
First, we asked participants to self-assess their financial literacy on a Likert-type scale from 1 to 5 (
FinLit).
231-232) According to the S & P Global
Finlit Survey (2014) study, developed by Standard and Poor's Ratings, which was conducted on a sample of 150,000 people in 143 countries, Romania ranks 124 out of 143 in a global financial education ranking.
Come and see me at the
FinLit Summit and I will tell you why.
Countries such as Denmark, Germany, the Netherlands, Sweden and USA have the highest financial literacy level according to (S and P
FinLit Survery 2014).
The
FinLit Task Force organized and led by the Consulate comprise of experts from the banking and insurance sectors, investment management companies, real estate firms, and professional organizations.
It is likely that to unpack the blend negatude would be less difficult than to decompose the clipping compound
finlit into its constituents financial and literacy.
"We've done thousands of
finlit (financial literacy) trainings for OFWs.
A total of 75 displaced member-Overseas Filipino Workers (OFWs) availed of the Entrepreneurship Development Training (EDT) and Financial Literacy (
FinLit) for Balik Pinas!, Balik Hanapbuhay!
In our first specification, the variable
FinLit includes a simple count of the number of questions answered correctly across all three questions and waves, with possible values ranging from 0 (no questions correct in any wave) to 6 (all questions correct in both waves), as well as a quadratic for the number of questions correct to capture any potential non-linearity in the relationship.
The site, http://
finlit.cuna.org/plan_it.html, also has financial calculators, charts, checklists, progress-tracking tools, new short courses and more.
