I’m at this point in my life where I should be carefree with my money. I have a regular job, I have some bills to pay, but also, I have my expenses for leisure. But sometimes, I tend to go overboard my budget. I can admittedly say that I am not as financially literate as I would want to become. Simple budgeting is not enough. Luckily for me, and for us millennial, Sun Life launched three digital financial literacy initiatives that will help Filipinos be smarter with their money.
Sun Life offers three free online resources to help Filipinos learn and plan for their future. Together, they provide a three-step push for individuals and families towards achieving their dreams: attend the Brighter Life Institute, begin their journey with the My Future Fund Calculator, and connect with the #SINAG online journalism contest.
According to Mylene Lopa, Sun Life of Canada (Philippines), Inc Chief Marketing Officer, “Nowadays, Filipinos are more empowered in taking charge of their finances. They are turning to online resources to help them understand financial concepts and manage their money. Given our expertise and experience, we want to be their go-to partner as they progress in their financial journey.”
Three Digital Financial Literacy Initiatives
To boost their efforts in making Filipinos financially literate, Sun Life launched three initiatives:
Attend the Brighter Life Institute
The award-winning Brighter Life Institute or BLI is an organized learning program inspired by MOOCs (massive online open courses) has been open since 2014. This year, they are rolling out the Moving Up module, a set of lessons which aim to teach families basic financial planning practices and the value of honest conversations about money. The best part about this program is it also includes children! Even the young ones can start learning about the value of their money with this program.
The Moving Up module takes its cue from Sun Life’s ‘Money For Life’ philosophy, which shows a holistic journey through four different life stages. With lessons spanning from creating a household budget to preparing for future milestones such as a college education, BLI’s latest offering can now be accessed via http://brighterlife.com.ph/bli-moving-up/.
Begin your journey with the My Future Fund Calculator
Ever wondered how insurance with savings can help you achieve your goals? Worry no more because it’s now accessible via the My Future Fund Calculator . Using it is even easier! Simply set a target date, choose a My Future Fund nearest the target date, and pair it with a suitable Sun Life variable life insurance product.
My Future Fund is perfect for families who are preparing for a specific purpose, like a college education or owning their own home.
What’s more, users of the My Future Calculator can get a chance to win P25,000 cash when they share it on Facebook and subscribe to Brighter Life Institute through the Plan 4 Your Fam, Win a Future Fund promo. Full mechanics here.
Connect with #SINAG online journalism contest
Now on its fourth year, #SINAG invites Filipino bloggers and online journalists to be part of Sun Life’s financial literacy advocacy by sharing and posting about their insights and experiences on money management.
From securing their future to learning about financial instruments, #SINAG is a valuable compilation of life stories and advice from writers who also believe in the benefit of being financially prepared.
Interested writers can send a link of their entry to firstname.lastname@example.org. Full contest mechanics can be found here. Clueless on where to start? The Brighter Life Institute and the My Future Fund Calculator are good jump-off points to select a #SINAG-worthy entry.
For updates on Brighter Life Institute, My Future Fund Calculator, and #SINAG, follow us on social media via @sunlifeph.