League of Young Financial Educators

Success will not happen overnight, you must work hard for it.

Learn, earn, and be part of LyFE.

Financial education is a must for youngsters.
- It helps them to become more responsible towards their spending habits and try to save money

Are you a millennial who doesn't know how to save money?




Reference: https://www.google.com/amp/s/m.economictimes.com/small-biz/money/importance-of-financial-literacy-amongst-youngsters/amp_articleshow/85655134.cms

What is Budgeting?

-Budgeting is the process of creating a plan to spend your money. This spending plan is called a budget. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do.

Reference: https://www.mymoneycoach.ca/budgeting/what-is-a-budget-planning-forecasting #:~:text=Budgeting%20is%20the%20process%20of,your%20expenses%20with%20your%20income.

Before you think of something big, invest on your personal growth.
Take one step at a time , read books and discover the mystery of it.

Is your paycheck just going to your bills and daily expenses?

Take action now and learn from us!
Become part of us and achieve your dream to become financially free.

Financial literacy starts by knowing the basics – which includes utilizing financial institutions for our needs, like the banks!

One of the most common thing associated with banks is the debit and credit card. Pero ano nga ba ang pinagkaiba nito sa isa’t isa? 🤔






Source: https://www.investopedia.com/articles/personal-finance/050214/credit-vs-debit-cards-which-better.asp

𝐓𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐚 𝐥𝐨𝐭 𝐨𝐟 𝐩𝐫𝐚𝐜𝐭𝐢𝐜𝐚𝐥 𝐫𝐞𝐚𝐬𝐨𝐧𝐬 𝐰𝐡𝐲 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐥𝐢𝐭𝐞𝐫𝐚𝐜𝐲 𝐬𝐡𝐨𝐮𝐥𝐝 𝐛𝐞 𝐭𝐚𝐮𝐠𝐡𝐭 𝐢𝐧 𝐬𝐜𝐡𝐨𝐨𝐥.

First of all, almost everything involves money. Every day, we are faced with financial decisions, whether it is where we eat, what we buy, traveling, going out with friends, or negotiating rates. Young adults lack the experience and education necessary to make these important decisions.

A survey conducted by Forbes showed that 51% of the Millennials believe their lack of personal finance knowledge is preventing them from progressing financially. And they are correct: it is preventing them from reaching their greatest potential. Financial literacy encourages people to save money and form positive saving habits, teaches responsibility and awareness through budgeting, and leads to financial abundance through the appropriate investments.

Agree ka ba rito? For you, should financial literacy be taught in school? 🤔






Source: https://www.forbes.com/sites/lizfrazierpeck/2019/08/29/5-reasons-personal-finance-should-be-taught-in-school/?sh=4a5da1851784

How do we learn financial literacy?

Tip #3: 𝐒𝐞𝐞𝐤 𝐡𝐞𝐥𝐩 𝐟𝐫𝐨𝐦 𝐚 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐜𝐨𝐚𝐜𝐡/𝐚𝐝𝐯𝐢𝐬𝐨𝐫.

According to a survey conducted in 2021, 65% of young investors want to work with an advisor in the following two years. This age group, like all others, faces specific financial obstacles and hazards that must be avoided.

That’s why if you're a millennial, working with a financial advisor who understands your needs is a great idea. Magiging specific and customized to your situation and needs ang mga malalaman mo at gagabayan ka nila throughout the process.

We can actually help you with that through our financial coaches. Just send us a message 😃






Source: https://smartasset.com/financial-advisor/financial-advisor-for-millennials

How do we learn financial literacy?

Tip #2: 𝐋𝐢𝐬𝐭𝐞𝐧 𝐭𝐨 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐩𝐨𝐝𝐜𝐚𝐬𝐭𝐬.

This is perfect if you like to multi-task kasi kahit habang naglilinis ka, you can learn while listening to podcasts 🤓

Another good news is that there are a lot of free podcasts that you can listen to, like Spotify!

With that, here’s a list of some of the recommended finance-related podcasts para madagdagan ang iyong learning about personal finance, the latest global news about the financial market, and more!






Source: https://podcastle.ai/blog/best-finance-podcasts-to-listen-to-on-spotify/

How do we learn financial literacy?

Tip #1 for you: 𝐇𝐢𝐭 𝐭𝐡𝐞 𝐛𝐨𝐨𝐤𝐬!

Ever since we were a kid, books served as the first and fundamental sources of our learnings. Now that we are older, the significance of books just strengthens more than ever. And this is also very useful para matuto about personal finance.

Here’s a list of the recommended personal finance books this 2022 na dapat mo ng ilagay sa iyong reading list. Happy reading! 😍






Source: https://www.thebalance.com/best-personal-finance-books-4154809

Today, let’s talk about financial literacy in the Philippines.

Data from numerous analyses and studies revealed that just 23% of adult Filipinos have bank accounts, according to the governor of the Bangko Sentral ng Pilipinas, Benjamin Diokno. Barely 18% of Filipinos have insurance coverage, and only 3% invest in financial products.

Nakakalungkot diba? 😞 In comparison to other developing and surrounding countries, the Philippines is even considered to have one of the lowest financial literacy rates.

That’s why we, the League of Young Financial Educators are motivated to pursue financial literacy here in our country. Lalong lalo na among millennials and Gen Zs who are starting their journey towards financial independence and abundance!

Ikaw, tingin mo bakit mababa ang financial literacy rate ng mga Pilipino? 🤔






Source: https://www.philstar.com/business/2020/07/14/2027722/pinoys-need-improve-financial-literacy-bsp

Budgeting 101 tip #3: 𝐒𝐭𝐢𝐜𝐤 𝐭𝐨 𝐲𝐨𝐮𝐫 𝐛𝐮𝐝𝐠𝐞𝐭!

Bawal lumagpas sa budget, bestie! Even if you really want that luxury item, if it’s not within the budget – control yourself.

Self-discipline is a huge asset for every financial literate person at para ma-achieve ang goal nating financial independence 😀