Top 5 reasons
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Many Filipinos fail to save money for several key reasons: they do not earn enough to save, spend money incorrectly, procrastinate and have a "manana" or tomorrow habit when it comes to saving. Only 1 in 10 Filipinos adequately prepare for retirement through savings. Many are also financially illiterate and do not understand concepts like interest rates, loans, investments and how to start saving. It is important to teach children the value of saving from a young age as only 16% of Filipino families own their own homes currently.
Top 5 reasons
- 1. Reasons why Pinoy’s Failed to Save
- 2. No MONEY to SAVE
- 13. 1 out of 10 pinoys prepare for retirement security
- 14. Financially Illiterate Savings Interest rates Loans & Investments Start investing in your knowledge
- 15. 16 %
- 16. 50%of Filipino families do not own their houses
- 17. We get discounts from product or service, its already saving We like the idea of getting discounts but savings for our
- 18. We grew up in environment where saving is not trending Emergency funds dont exist to most
- 19. Parents invest heavily in sending their kids in school It is also important to teach kids the importance of SAVING
- 20. It’s not how much money we make Its how much money we save Savings not to be grand, it just need to be consistent