Financial literacy thru board game

Improving one's finances can start with the right mindset. But for many Filipinos, there is limited opportunity to learn personal finance. The topic itself is intimidating for those who are not financially savvy and is not a high priority for many who live from paycheck to paycheck.

“Preparing for the future is not something that many Filipinos really think about in their day-to-day lives,” Sun Life Grepa Financial Inc. president Richard Lim says. “Some people are lucky to have a family who taught them good financial behavior; others are able to learn it in school or at work. And even though they do learn about it, they only get a very basic idea about the concept of financial planning.

For something so complex like insurance and investing, Filipinos will need an able teacher who can explain the importance of planning for the future in a manner that is fun, creative and relatable in their day-to-day lives. It is for this reason that one of the top life insur- ance companies, Sun Life Grepa Financial Inc., thought of bringing financial literacy to many Filipinos through the board game Praxis.

“Praxis sets the players in a real-life scenario where they can be characters with a job, getting opportunities to upgrade their lifestyle, experiencing health and financial crises,” explains Lim. “Through this time-bound game, they will see how their financial decisions against an unpredictable environment affect the life they want to live.”

Through the board game, Sun Life Grepa will teach people about cash management, building wealth, preparing for the future, and enabling them to achieve financial freedom. A Sun Life Grepa game master will guide the players in making decisions and in expanding their wealth amid varying economic situations.

Companies may request to have a Praxis session for their employees by calling Sun Life Grepa Corporate Sales. /