Metrobank campaign seeks to help Filipinos navigate economic turbulence
METROPOLITAN Bank & Trust Co. (Metrobank) has launched a financial education campaign that aims to help Filipinos safeguard their funds amid these challenging economic times.
“Filipinos should not fear or panic in times like these. What matters is knowing that there are practical steps they can take to stay in control. H.A.N.D.S. is Metrobank’s way of helping people to take that step, with guidance that is simple, relevant, and immediately useful during these uncertain times,” Metrobank Chief Marketing Officer Digs A. Dimagiba said in a statement on Tuesday.
H.A.N.D.S. is a financial guide developed by the bank that highlights five actions that Filipinos can follow to stay in control of their money, especially in uncertain times. These are: Have a plan and take control of their finances; Act intentionally to avoid overspending; Nurture income sources; Defend against scams and the unexpected; and Spot opportunities for growth.
Tracking personal income, expenses, and debt will help identify pressure points for more effective resource allocation, Metrobank said.
Filipinos must identify their financial priorities, take advantage of cashback or rebate offers when spending, and explore ways to sustain or grow sources of funds so that they can keep on building their savings to give them flexibility amid uncertain times, it said.
They should also remain vigilant and informed about different fraud schemes and financial protection products to safeguard their hard-earned money.
Consumers must also continue expanding their financial knowledge to guide their decisions, Metrobank added.
“In periods of stability, it is easy to overlook the fundamentals. In periods of uncertainty, they become essential. The ability to plan, exercise discipline, protect assets, and remain alert to opportunities can determine how well individuals and businesses navigate changing conditions,” Mr. Dimagiba said.
He said that a clear set of actions can help give consumers a sense of control as unpredictability is likely to persist. — A.M.C. Sy
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