Did you know that only 25% of Filipinos¹ are considered financially literate, trailing behind other ASEAN countries? A recent survey from Bangko Sentral ng Pilipinas (BSP) also showed that 41% of Filipinos can only answer one of three financial literacy questions correctly and only eight percent can answer all three! To help the nation become financially resilient, Metropolitan Bank & Trust Co. (Metrobank) further strengthened its drive on financial education by introducing the Moneybility e-book.

Moneybility will be available for download on their website this October but sign-ups are now ongoing for those who interested to receive a copy. Unlike ordinary e-books about managing finances, Moneybility contains a collection of money management topics that gets updated as market conditions change. It also has multimedia and interactive features, as well as engaging tools like quizzes, money tracker, and calculator to make the different topics more relatable and understandable.

Metrobank has given Manila Millennial and select media a peek inside the dynamic financial education e-book and I must say, it looks very promising. It tackles a lot of common topics like budgeting, debt management, insurance, and investments to name a few.

“We strive to go beyond just providing the usual banking services and aim to be the credible and reliable partner of our customers for expert financial advice. With education as our driving force, we hope to fulfill their needs while at the same time empower them to sustain a financially resilient way of living,” said Metrobank Chief Marketing Officer Digs Dimagiba. “This advocacy of propelling financial literacy among Filipinos wherever they may be in their financial journey is consistent with our promise of keeping people in ‘good hands.’ Equipped with our decades-worth of experience and wisdom on banking and finance, Metrobank hopes to be the go-to-source of financial knowledge through our slate of learning tools and initiatives, starting with our flagship financial education tool, Moneybility.”

Growing List of Educational Tools

This isn’t the first time that they have rolled out a financial education platforms in the Philippines. For the past six decades, Metrobank has been making their tools accessible to all. These include:

• Earnest: A learning and investing platform with easy-to-understand lesson cards, digestible financial news, and simple investing explainers. It also offers Metrobank My Choice Investment funds for as low as PHP 1,000 and allows account opening of a Metrobank Savings account.
• Tara Invest: A series of bite-sized social media video explainers on the basics of investing.
• Wealth Insights: Made for high-net worth Metrobank clients, this online portal enables the Bank’s finance experts, as well as independent third-party research providers such as CreditSights—a global provider of investment research reports— to impart timely and relevant investment ideas, thoughtful perspectives on wealth management, and curated market moving news for free.

Can’t wait to read the Moneybility e-book soon! For those who are interested to download a copy, you may visit moneybility.metrobank.com.ph. Hope this can help you in your money management journey, millennials!

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_{1 World Bank’s 2014 Financial Capability Survey}