[Quiz] How Financially Literate Are You?

It looks like you need some help when it comes to financial matters. But don’t worry, it’s never too late to start learning! First, take a step back and review your expenses versus your earnings. Tracking where your money goes is a useful way to see what you need to work on. You may need to cut back on some expenses in order to reduce your debt and increase your savings and investments, but it will all be worth it in the long run.

As you become more financially literate, you’ll be able to worry less and feel healthier—physically, mentally, and emotionally. You might also want to start investing, particularly in an affordable life protection plan, such as Life Ready Plus. This plan gives you a lifetime of ease and security for as low as P2,100.00 per month and gives you faster access to coverage and benefits. 

You’re quite savvy about money—you know that being financially literate takes a lot more than knowing how much you have in your bank account. You’ve developed certain habits that allow you to handle your money better, such as tracking your expenses and setting financial goals. But you can probably push the envelope even more. Dig deep and analyze why you’re not always hitting your goals. Aside from cutting back on some expenses, perhaps you should consider widening your investment portfolio to make your money work for you.

If you’re concerned about protecting yourself and your loved ones, check out Critical Care Max, a unit-linked health and life insurance plan that provides financial benefits at the early stages of a critical illness. The fund grows over time depending on the performance of your chosen investment funds—and it continues to grow even after payment of the plan’s benefits.

Congratulations! You are a true financial expert. You’ve learned to handle your money well and you take the initiative when it comes to setting and reaching your financial goals. People probably come to you when they need financial advice and you’re more than willing to share your knowledge. However, in order to grow, you can never stop learning. Continue to be updated with financial news and stay on the lookout for good investment opportunities.

As a financial guru, you know how important it is to protect yourself and your loved ones with the right insurance plan. Family Care Plus provides protection for you and one of your family members under one life insurance plan. It provides coverage for both of you in the event of common critical illness or death. It also encourages you to live a healthier, longer, better life through AIA Vitality, an exclusive rewards program.

Whether you're a newbie, a whiz, or a guru, investing in your health and the future of your loved ones is important.  For more information, visit any BPI branch and speak to a Bancassurance Sales Executive.