As part of its CSR program, online car platform Carmudi recently conducted a financial literacy seminar at the Sky Hall of SM Seaside in the Queen City of the South, Cebu.
The event is targeted to help and empower graduating students on how to secure their finances in the near future.
Attended by 1,500 students, Carmudi Philippines’ CSR Road Show-Cebu leg was made in partnership with the University of Cebu-Maritime Education and Training Center and SMX Sky Hall.
The main speaker for the day-long program was wealth and life coach Chinkee Tan. The CSR Road Show is a series of events that will be held in key areas around the country and tackle various issues that concern the public.
During the event, Tan discussed the importance of having a healthy financial mindset and how students can utilize their hard-earned money through savings and increasing its cash flow. According to Tan, good investments and the improvement of ones financial standing starts when they make the right decisions with their finances.
Meanwhile, Abhi Mohan, managing director of Carmudi Philippines, expressed optimism that the 1,500 students that attended the event learned to be more financially-literate.
Mohan said that they have shared their knowledge to future leaders and developers of the country so that they could maximize the potential of their hard-earned money.
“As part of our role as a responsible corporate citizen, this is our way of helping improve the financial literacy of the future young overseas Filipino population. Seafarers are particularly vulnerable since, unlike the gradual rise in income (in relative terms) of traditional jobs in the Philippines, they experience a faster rise in their financial net worth. Financial literacy becomes critical to level out the lack of life experience in order to ensure they are able to retain most of what they have earned,” he said.
Further, Mohan said that the financial literacy program for students is just the start of their grand idea in making every Filipino financially-stable. He cited that in the Philippines, owning a motor vehicle is a sign of financial stability. We are in the Philippines for the long haul and when they are stable enough financially, they could tap us when they are ready to purchase their preferred vehicle that is within their budget, explained Mohan.