Financial

Literarcy
PRESENTED BY: GLIZA N. ALMONTE
 Presentation Outline

Common Financial Scama 10 Tips to Avoid

Financial Scams among Students Common
among Students Financial Scams
 Presentation Outline

Insurance and Life Insurance Benefits of

Taxes Insurance
 Presentation Outline

Types of Life Financial 10 Strategies in

Insurance Stability Reaching
Financial
Stability
Presentation Outline

Signs of Being Integrating

Financially Financial
Stable Literacy into the
Curriculum
Objectives:
At the end of the lesson the learners can:
Present ways on how to avoid financial crises
and scams
Demonstrate understanding of insurance
and taxes
Describe a financially stable person and;
Determine ways on how to integrate financial
literacy in the Curriculum
 Common
Financial Scams
to Avoid
Common Financial scams to
avoid
1. Phishing
2. Social media scams
3. Phone scams
4. Stolen credit card
numbers.
5. Identity Theft
 Common Financial scams to avoid
1. Phishing
Scammers send an email that appears to
come from a financial institution, such as
a bank and asks you to click on a link to
update your account information.
2. Social media scams
scammers are dept at using social media to
gather information about the traveling habits of
potential victims. they also have phishing tactics
including post seeking charity donations with
bogus links that allow them to keep money .
3. Phone scams
the scammers pose as a government agency, such
as the Bureau of Internal Revenue or local law
enforcement agencies and use scare tactics to
acquire your personal information and account
numbers.
4. Stolen credit card numbers
there are numerous ways that scammers can obtain your
credit card information, including hacking, phishing and the
use of skimming devices such as small card readers attached
to unmanned credit card readers (i.e. ATMs, gas pumps and
more). these small devices pull data from your card when you
swipe it. before you use an ATM or swipe your card, look for
suspicious devices that ay be attached to the card reader.
Common Financial scams to avoid
5. Identity Theft
depending on the amount of information a scammer is able to
obtain, identity theft may extend beyond unauthorized charges on a
debit or credit card. if scammers are able to obtain your social
security number, date of birth, and other personal information, they
may be able to open new accounts in your name without your
knowledge.
 10 tips to Avoid
Common Financial
Scams
 Common Financial scams to avoid
1. Never wire money to a 6. Install Antivirus and
stranger. Spyware protection.
2. Don't give out financial 7. Don't shop with unfamiliar
information. online retailers.

3. Never click on Hyperlinks 8. Don't download software

in emails. from pop-up windows.

4. Use difficult password. 9. Make sure the websites

you visit are safe.
5. Never give your social 10. Donate to known
security number. charities only.
Financial Scams among
Students
Common Financial scams among
Students
A. Fake Scholarships
B. Diploma Mills
C. Online Book Scams
D. Credit Card Scams
Common Financial scams among students
A. Fake Scholarship
While it is beneficial for students to apply for as many scholarships, it is
important to become aware of related scams and frauds. students should
thoroughly check scholarship sources before applying to verify legitimacy.
Never apply for a scholarship that asks for money in return.

B. Diploma Mills
There are schools that offer fake degrees and diplomas in exchange for a fee.
Check from government education agencies the prospective school to enroll in if
it is government-recognized, legitimate or accredited.
Common Financial scams among students
C. Online Book Scams
While students often go for the best deals on textbooks online, scammers can
use this opportunity to get student's credit card information. When buying
anything online, be sure to do it on a credible site.

D. Credit Card Scams

Oftentimes, credit card companies go to school campuses to convince students
to fill out card applications. Scammers may also grab this chance to steal
student's information. It is important to visit a local credit union or bank for
credit card application. also, regularly check the credit card statements and
once there are any unrecognized charges, contact your banking institution
immediately.
 Insurance and Taxes
It is a contract (in the form of policy) between the
policyholder and the insurance company, whereby
the company agrees to compensate for any financial
loss from specific insured events.
in exchange for the financial protection offered,
policyholder agrees to pay a certain sum of money
known as premiums to the insurance company.
insurance is the best form of risk management
against uncertain loss.
Types of Insurance
1. Life Insurance
2. Health Insurance
3. Motor Insurance
4. Property Insurance
5. Business Insurance
Concepts related to Insurance and Taxes

EMPLOYER-
MARKETPLACE
SPONSORED
PLANS
INSURANCE
 Life Insurance
Life Insurance is a type of
insurance that compensate
beneficiaries upon the death of
the policyholder. The company
will guarantee a payout for the
beneficiaries in exchange of
premiums. This compensation is
called death benefit.
 Common Risk
1. Preferred Plus
the policyholder is in excellent health,
with normal weight, no history of
smoking , chronic illnesses or family
history of any life-threatening disease.
2. Preferred
the policyholder is in excellent
health but may have minor issues
on cholesterol or blood pressure
but under control.
3. Standard Plus
the policyholder is in very good
but some factors, like high blood
pressure or being overweight
impede a better rating.
4. Standard
most policyholders belong to this category,
as they are deemed to be healthy and have
a normal life expectancy although, they
may have a family history of life-threatening
diseases or few minor health issues.
 Common Risk
5. Substandard
those with serious health issue, like
diabetes or heart diseas are placed on
a table rating system, ranked from
highest to lowest. On average, the
premiums will be similar to Standard
with an additional 25% lower claim on
table ratings.
6. Smokers
Due to an added risk of smoking, the
policyholders in this category are
guaranteed to pay more. Aside from
health class, age is also a critical factor
in determining premiums. Therefore,
older people pay more expensive
premiums.
 Benefits of Life
Insurance
1. It pays for medicinal and funeral
costs.
2. For Financial Support.
3. For funding various financial goals.
4. Acts as a retirement secured
conform.
5. It covers cost incurred from taxes
and dept.
 Types of Life Insurance
Type Characteristic
it grants a lump sum after a
specified amount of time or
upon death. The policy owner
1. Endownment is required to pay the
premium for a predetermined
number of years or until a
specific age is reached.
It is the simplest from of life
insurance to obtain, of which
2. Term
upon death, the beneficiaries
are paid with the benefit.
Advantage Disadvantage
It allows for saving up for It requires higher
specific purposes. premiums than other types
It guarantees returns of life insurance.
upon maturity. It is not the best option for
It offers some form of those looking at full life
insurance coverage. protection.
It entails low premium
requirements. It has no benefit if
It is a strong option for policyholder outlives the
policyholders who need term period set.
insurance but cannot Premium usually gets
afford whole life or higher upon renewal of
endowment. terms.
It is easy to understand.
 Type Characteristic Advantage Disadvantage

It provides coverage for the it offers permanent protection for it requires

policyholder's entire life or until full life or 100 years. higher
they reach 100 years old. It acts it is flexible in terms of payments premiums.
3. Whole
both as protection and savings of premiums. it is difficult
Life
mechanisms since a portion of the it entails fixed premiums. to understand
premium is allocated to build up it usually comes with additional due to
cash values. features and living benefits. complexity.

it takes dual purpose: life insurance cash values and

it serve as both life protection and plus investment tool. dividends are not
invstment vehicle in one package. A it has no maturity age. guaranteed.
portion of the premium is allocated face amount and
the cash value is payable along with
4. Variable death benefit are
into various investment vehicles for the assured sum.
Universal dependent on
the purposes of wealth creation. the death components is not limited to
Life (VUL) investment
The contract's earnings are based face value.
performance.
on the performance of selected it depicts liquidity, wherein funds can it includes
be accessed in times of need and can various
investments.
serve as emergency funds. investment fees.
Financial
Stability
 Finacial Stability
financially stable means confidence with
the financial situation, worriless paying
the bills because of available funds,
dept-free, money savings for future
goals an enough emergency funds.
financial stability is not about being rich
but rather more of a mindset. it is living
without worrying about how to pay the
next bill, and becoming stress-free
about money while focusing energy on
other parts of life (Silva, 2019).
 10 Strategies in Reaching Financial Stability
Getting the finances stable and becoming financially successful requires the
development of good financial habits. Babauta (2007) suggest 10 habits
towards financial stability and success.

1. Make savings automagical.

2. Control your impulsive spending.
3. Evaluate your expenses and live frugally.
4. Invest in your future.
5. Keep your family secure.
6. Eliminate and avoid dept.
7. Use the envelope system.
8. Pay bills immediately.
9. Read about personal finances.
10. Look to grow your net worth.
 Signs of Being Financially Stable
Like any others, often work to the extent to earn more even through
additional jobs on the side just for their desire for financial stability. Rose
(2019) presents some signs of a financially stable person.

1. You never overdraw your checking account.

2. you don't lose sleep over finances.
3. you use credit cards for convenience and rewards but never out of
necessity.
4. you don't worry about losing your job.
5. you pay your bills ahead of time.
6. people ask your opinion about financial matters and you inspire them.
7. you're generally happy with your financial situation.
8. yofinance your cars over five years or less if you take loans at all.
9. you contribute more to your retirement.
10. you don't feel guilty when you're out of special occasions.
 Signs of Being Financially Stable
11. you can afford to buy the things you really want.
12. Recreational spending doesn't appeal to you.
13. You're natural saver.
14. You're generous with money when it comes to charities or helping
others.
15. You're confident about your future.
16. Your net worth grows significantly from year to year.
17. You have Substantial equity in your home.
18. You consistently live beneath your means.
19. You could survive for months without a paycheck.
20. You feel in control of your finances and never dominated by them.

y
 Integrating
Financial Literacy
into the Curriculum.
Financial education is school should be part of a collaborative national strategy
to ensure relevance and long-term sustainability. the education system and
profession should be involved in the development of the strategy.
In support, Barry (2013) underscored that financial literacy has a wide
repercussion outside the family circle and more precisely, the school. hence,
administrators and professors need to develop a curriculum that would provide
students insights on having the value of financial literacy including the effect it
can bring them.
There should be a learning framework which sets out goals, learning outcomes,
content, pedagogical approaches, resources and evaluation plans. The content
should cover knowledge, skills, attitude and values.
Financial Education should ideally be a core part of the school curriculum. It can
be integrated into other subjects like Mathematics, Economics, Social Studies,
Tecnology and home economics, values education and others.
Teachers should be adequately trained and resourced, made aware of the
importance of financial literacy and relevant pedagogical methods and they
should receive continuous support to teach it or integrate in their lessons.
There should be easily accessible, objective, high quality and effective
learning tools and pedagogical resources available to schools and teachers
that are appropriate to the level of study. Student's progress should also be
assessed through the various high impact modes.
Thank you
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