Whenever I give a seminar or workshop on personal finance, business and investing, the most common response from the audience to my question as to whether they already have bank accounts is always a big resounding “no”. This kind of response is one of the reasons why financial advocates need to work more to help many Filipinos become more equipped with financial knowledge and use it further to achieve financial freedom.
This infographic from PawnHero shows us the reasons why many Filipinos do not have bank accounts and what they usually do whenever they experience financial problems. Continue reading Why Many Filipinos Don’t Have Bank Accounts and What They Do During Financial Troubles