In a groundbreaking partnership since 2019, BDO Foundation collaborates with the Armed Forces of the Philippines (AFP) and the Bangko Sentral ng Pilipinas (BSP) to extend financial education to both uniformed and civilian personnel. This initiative not only fortifies the financial well-being of soldiers but also extends its reach to the families, nurturing a generational consciousness towards monetary responsibility.

A Deep-Rooted Change in Family Dynamics

hese efforts are transforming family dynamics from daily shopping routines to life planning conversations. As revealed at a town hall event, Major Maria Theresa Babiera pointed out how her seven-year-old daughter’s prudent approach to money matters reflects the lessons imparted. The daughter’s consideration—“Mom, is that a necessity or something unimportant?”—mirrors her understanding of money beyond mere currency.

How the Training Framework Is Shifting Perspectives

The fruitful partnership with the AFP includes strategically structured modules that cover essential financial aspects like budgeting, investing, and scam awareness. According to BDO Foundation’s President, Mario Deriquito, such training sees personnel eagerly venturing into investment opportunities and safeguarding themselves against common financial pitfalls.

According to Daily Tribune, over 50,000 soldiers have now undergone this crucial training, making financial literacy a welcomed norm. Navy Captain Michael Barrion praised this as a transformative shift, conceding, “One out of two Filipino soldiers are now trained in financial literacy, making them focused and stress-free.”

Integrating Financial Literacy Into Everyday Life

The AFP’s decision to integrate financial management into soldiers’ personal scorecards reveals the depth of this educational paradigm shift. Navy Captain Barrion highlighted that financial literacy is now seamlessly part of daily duties, securing not just careers, but personal lives.

A Vision for Continuous Growth and Empowerment

With these robust teachings ingrained into daily military life, the vision for extending financial literacy further aligns with holistic growth. This approach ensures that such initiatives are not mere formalities but a steadfast commitment to wield power over personal finances effectively.

The tangible outcome of this collaboration—stronger, more financially secure families—marks a pivotal achievement where empowerment through education cements a legacy for future generations.