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The document discusses financial literacy topics such as borrowing, debt, investments, and insurance. It provides guidance on when borrowing money is advisable versus not advisable, examples of sources of loans, an explanation of debt-to-income ratio, and an overview of types of investments including stocks, retirement funds, insurance, real estate, and variable universal life insurance. Minimum investments are noted to start at P1,000-P3,000.
The document discusses financial literacy topics such as borrowing, debt, investments, and insurance. It provides guidance on when borrowing money is advisable versus not advisable, examples of sources of loans, an explanation of debt-to-income ratio, and an overview of types of investments including stocks, retirement funds, insurance, real estate, and variable universal life insurance. Minimum investments are noted to start at P1,000-P3,000.
The document discusses financial literacy topics such as borrowing, debt, investments, and insurance. It provides guidance on when borrowing money is advisable versus not advisable, examples of sources of loans, an explanation of debt-to-income ratio, and an overview of types of investments including stocks, retirement funds, insurance, real estate, and variable universal life insurance. Minimum investments are noted to start at P1,000-P3,000.
FINANCIAL LITERACY AND ADDRESSING BARRIERS Financial Literacy
TO REINTEGRATION FOR OFW’S AND THEIR FAMILIES When is it advisable to borrow money? Investment in business if the business is going to earn more than the effective interest of the loan. Buy a home especially if you are renting. Buy a car if it will increase your productivity and earning capacity such as people in sales.
FINANCIAL LITERACY AND ADDRESSING BARRIERS Financial Literacy
TO REINTEGRATION FOR OFW’S AND THEIR FAMILIES When is it NOT advisable to borrow money? To celebrate birthday, fiesta and other social events To splurge during vacation in the Philippines To buy wants and not needs If you do not have enough funds to pay it off
FINANCIAL LITERACY AND ADDRESSING BARRIERS Financial Literacy
TO REINTEGRATION FOR OFW’S AND THEIR FAMILIES Sources of Loan Banks
Cooperatives
Microfinance Institution
Credit card Companies
Employer
Relatives
FINANCIAL LITERACY AND ADDRESSING BARRIERS Financial Literacy
TO REINTEGRATION FOR OFW’S AND THEIR FAMILIES Debt-to-Income Ratio
Debt-to-Income Ratio:
Borrowers with a debt-to-
income ratio of over 40% are generally considered to be going through a financial hardship, while an excellent debt-to-income ratio is about 20% or lower.
FINANCIAL LITERACY AND ADDRESSING BARRIERS Financial Literacy
TO REINTEGRATION FOR OFW’S AND THEIR FAMILIES Investments
Don’t let it just sit in the bank. With low-interest rates
from 0.5 to 1.5%, you’re better off investing it elsewhere.
TYPES OF INVESTMENTS
1. Stocks – are units of ownership in a corporation
2. Retirement fund 3. Insurance – policy holders pays premiums that states the terms and conditions in which the insurer is required to pay. 4. Real Estate
FINANCIAL LITERACY AND ADDRESSING BARRIERS Financial Literacy
TO REINTEGRATION FOR OFW’S AND THEIR FAMILIES Investments
Variable Universal Life Insurance (VUL)
• Insurance bundled with investment component
• Flexible premiums
Minimum Investment is P1,000-P3,000
FINANCIAL LITERACY AND ADDRESSING BARRIERS Financial Literacy
TO REINTEGRATION FOR OFW’S AND THEIR FAMILIES for Listening! FINANCIAL LITERACY AND ADDRESSING BARRIERS Financial Literacy TO REINTEGRATION FOR OFW’S AND THEIR FAMILIES
Real Estate Investing Bundle: Rental Property Guide, No Money Down & Long-Distance Investing, How to Flip & Rehab Houses, Property Wholesaling for Beginners, and Commercial Real Estate & Apartments