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Free financial literacy program for Filipino HSWs in UAE

The Philippine Consulate in Dubai will be holding a free financial literacy program for Filipino household service workers (HSWs).

The free financial literacy program will be held on Friday, October 12 from 1 p.m. to 5:30 p.m. at the Rizal Hall of the Philippine Consulate in Dubai. The program will also be free-of-charge.

Those interested need to fill out the participant’s information form available at the Consulate’s Facebook page and submit it to the office until Tuesday, October 9.

For further questions, interested participants may contact the Consulate through email at [email protected].

Earlier, the Consulate also conducted discussions on other finance-related topics such as savings, budgeting, debt management, insurance, investment, and entrepreneurship.

Financial literacy of OFWs

A number of overseas Filipino workers (OFWs) in the UAE have fallen prey to online scammers and fraudsters, turning all their hard-earned money into ashes.

Speaking to The Filipino Times, financial adviser Sherwin Joseph Felicidario said that the problem boils down to the lack of knowledge on financial literacy among Filipinos, not only OFWs.

“I see this as a problem with financial literacy. Filipinos don’t take financial literacy seriously. For most Filipinos, it’s a waste of time and to some, if they don’t have the money, they do not care. But financial literacy is a serious matter,” Felicidario said.

RELATED ARTICLE: How can OFWs avoid falling victims to financial scams?

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