MANY Filipinos struggle with making sound financial decisions, more so when it comes to saving, borrowing, and investing. Providing basic know-how to manage scant resources is a must as they prepare for the future and avoid bad debts.
This need prompted Globe’s This IsKwela Online Community and the University of the Philippines-Junior Finance Association (UP-JFA) to hold the two-part financial-literacy webinar: “Pera-Peraan: Unlock Your Future With Finance.”
The online meeting showed participants their potential to achieve financial freedom and break down personal barriers. It also equipped them with important information to start their financial journey.
“This effort is part of Globe’s mission to empower Filipinos through digital enablement,” said Yoly Crisanto, the telco’s chief sustainability and corporate communications officer. “We hope to give our customers both the digital tools and the know-how to make the most out of these platforms. That way, technology becomes even more relevant and transformative.”
Topics during the event included creating a financial plan, risk personality, budget system, and the different financial markets. UP-JFA interns Zea Ancheta and Xy Adolfo talked about personal finance, while Ange Yaptangco and Yohan Maronilla covered basics of investing.
GInvest Growth Manager Joey Tomas also tackle, among others, various types of investments and ways to take advantage of GInvest. This GCash feature allows the app’s users to invest in international and local funds for as low as P50.
“Financial planning has become more important than ever,” he said. “We want even ordinary Filipinos to be able to invest and build their future. Through GInvest, they can easily do that for a minimal amount.”
Financial literacy is a crucial component of Globe’s holistic program promoting Internet safety, with a growing number of Filipinos shifting to digital platforms for their financial transactions.
“[The webinar was] timely, as we have seen a rise in the use of fintech solutions among Filipinos throughout the pandemic,” Crisanto said. “We need to equip our customers with knowledge on how to transact safely online.”
Financial education is just one of skills that Filipinos of all ages can learn from This IsKwela, described by Globe as a fun online community platform. Members can also discover new learning opportunities; acquire affordable, accessible and safe learning solutions, plus they have the chance to connect with industry experts.
For more discussions on practical learning, users can join the This IsKwela online community at https://www.facebook.com/groups/thisiskwela.