family counting coins

4 Ways Filipino Parents Can Teach Kids How to Be Financially Responsible

Compared to other Asian countries—say, Singapore—the Philippines lags in financial literacy. According to Bangko Sentral ng Pilipinas (BSP), fewer than 25 percent of Filipino adults have bank accounts. Further, while nearly 50 percent of those surveyed have savings, the vast majority prefer to keep them at home instead of financial institutions like banks, where they …

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