I.

Rationale

Introduction

Some financial challenges might be out of our control, but financial planning can equip you to handle
whatever comes your way. Being empowered to make good financial choices is called financial
literacy, and its something that every adult needs. The third year HR students of Saint Joseph College
(SJC) conducted a training program about Financial Literacy. One may interpret financial literacy as the
ability to understand and apply the processes and tools related to personal finances. It may be
construed in one of two manners, thin and thick. From a thin (conventional) perspective, one
interprets financial literacy as how one acquires, manages, and accumulates money for personal use.
Understood in this vein, financial literacy involves a focus on money as a tool for engaging in one’s
own existence goals.

Consider the spending of money to see a movie and purchase a food and drink. From a thin factor of
view, being financially literate requires an information of the choices made in an effort to acquire
money to have the funds for the service and products purchased and the decision whether to spend
the money or consider alternatives for its use. The focus of a uncommon view of financial literacy
relates to the dollars and cents outcomes of the decisions made.

An intimate view of financial literacy acknowledges that one’s financial choices and decisions occur
within a social system and have an effect on the lives of other participants in that system. People make
financial alternatives that affect the lives of themselves and others. These decisions result from the
degree of care or control that one experiences towards society.

In short, financial literacy is being able to manage your money wisely. It involves knowing and using
the basic concept of financial literacy, that includes saving, investing, budgeting, and borrowing.In a
thin sense, financial literacy is about acquiring, managing, and accumulating money. Taken as a thick
concept, financial literacy represents a social notion that considers the motivations for and
consequences of one's financial decisions for oneself and for others with whom he or she has financial
encounters. This topic focuses on (1) the ability to understand and apply different financial skills
effectively including personal financial management, budgeting and saving, (2) The key elements of
financial literacy (3) more effective practices to improve in managing our personal finances.

The training will be participated by the selected youth from Barangay Tagnipa, Maasin City, Southern
Leyte, with a calculated population of 20 youth participants.

Objectives
Furthermore, this training aims to design and develop a financial education program for the youth to
present and to know how approximately monetary literacy. To strengthen and improve money
management knowledge, skills and behavior among youth as nicely because the trainees have to be
capable of examine and pick out the significance of handling their private finance and to educate them
from financial fraud and investor awareness, and assist them recognize the financial concept in a good
way and control their cash better.

Opportunities and Practices

On the other hand, we must present and broaden the financial literacy, and something at a certain
direct influence on it. It will encourage and offer the trainee a better opportunities in the future. The
benefits of this training is that it will help the young people to manage money effectively, so that they
can become financially stable, build belongings and achieve their personal goals. So as for them to
apprehend extra knowledge about financial literacy, the HR students organized a game plan for them.
The HR students will group them into 4 groups and provide them different situations and after that
they will role play it.

Outcomes

Currently, we have no clearly defined or widely accepted standards of excellence for financial
education effectiveness, and certainly none applicable specifically to youth financial literacy. It is
widely recognized that financial literacy, as the foundation for virtually all other subject areas, needs
to be taught from the very earliest ages this focus on early childhood literacy. If we conduct financial
literacy in the barangay, especially if we conduct this to our fellow youth is that they may avoid poor
financial decisions for the reason, that they will already know how to manage their money. This will
become advantage for the parents of the youth so that their children won't overspend buying
unnecessary things. They will also gain awareness on how to save and invest their money.
II. Training Policy and Plan

Objectives Plan Activities

Develop a financial education Topics about Financial Literacy:

program for the youth
1) the ability to understand and
apply different financial skills - LECTURE AND DISCUSSION
effectively including personal
financial management,
budgeting and saving.

2) The key elements of financial

literacy.
- VIDEO PRESENTATION
3) more effective practices to
improve in managing our
personal finances. - MINI GAMES

Strengthen and improve money In order to give the trainees a ROLE PLAY:
management knowledge, skills additional practices on how to
The trainee will have a role play
and behavior among youth manage their finances, the
about a certain
trainors will give them a mini
situations/scenario that the HR
game to enhance their skills on
students prepared.
financial literacy.

Educate the Youth from financial To measure the financial QUIZ GAME:
fraud and investor awareness. behavior of respondents, we
The HR students will prepare 3
make use of information from 3
questions with 3 choices for the
questions that capture the
trainees. The trainee will choose
financial behaviors relating to
what answer they think is
their savings habits, their
correct.
frugality, and how they plan and
manage their budgets

III. Training Program

 Financial Literacy Training

Session Program Flow Duration

A Prayer, National Anthem, 20 mins.

Introduction

B Discussion of Personal Financial 1 hr & 30 mins

Management, Budgeting and
Saving

Intermission Number

C Role Play Activity 30 mins

SNACK BREAK

D Key Elements of Financial 1 hr

Literacy

ICE BREAKER

E Quiz Game Activity 20 mins

I Giving of Certification and 15 mins

Tokens

J Evaluation

Closing Remarks
Budget Plan