Professional Documents
Culture Documents
Financially-
Literate
DepEd
“Rather go to bed without dinner than to rise in
debt”
Benjamin Franklin
The Truth…
-Will Rogers-
Five Harmful Financial Traps
Trap #1
Lack of Knowledge
Five Harmful Financial Traps
Trap #2
Easy Credit
Five Harmful Financial Traps
Trap #3
High Interest Rates
Five Harmful Financial Traps
Trap #4
Guaranteeing other’s debt
Five Harmful Financial Traps
Trap #4
Incurring credit card debt
Five Harmful Financial Traps
A,B,C,D,E,F,G,H,I,10
Easy to Remember Principles
Principle A:
Administrator, Not Owner
Principle A:
Administrator, Not Owner
Principle B:
Budget Instead of Impulse Spending
Principle B:
Budget Instead of Impulse Spending
Do millionaires go bankrupt?
Principle B:
Budget Instead of Impulse Spending
Principle C:
Cut Your Credit Card
(if necessary)
Principle C:
Cut Your Credit Card
3. Negotiate.
Principle D:
Demolish Debt (Pay It Off ASAP)
•Read books
Principle E:
Education, the Greatest Wealth Equalizer
Family Planning
Principle F:
Family Planning
Don’t gamble.
Ninety-nine percent of people who gamble or
buy lotto or sweepstake tickets lose their
money.
Principle H:
Honest, Hard Work
(Not Easy Money)
1. Always save.
Principle H:
Honest, Hard Work
(Not Easy Money)
10:20:70
Lord 10%, Save 20%, Spend 70%
Principle 10:
10:20:70