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Thursday, May 23, 2013

The Trouble with Tuition: How Parents Can Cope via BPI

Parents, with school year 2013-2014 right around the corner, we'd like to share with you another banking breakthrough from BPI!

Who’s afraid of tuition fees, more so, those dreaded tuition fee hikes? 

Not the parent who has saved enough to pay for their child’s education well into graduate school. But the reality is that, many parents get nervous when the time to pay for tuition and school fees rolls around. Even families, who live relatively comfortable lives, would still feel the crunch, especially when they’re sending multiple kids to school at the same time. 

Years ago, a mom of 4 kids was telling me of her plan to send her youngest and only daughter to a school which was not as fancy, hence, less expensive than her three older boys’ private school. Sounds unfair, but what’s a mom with a budget to do? 

Let’s face it. Filipinos in general, are not financially savvy. A Money Summit infographic based on the Bangko Sentral ng Pilipinas Consumer Finance Survey of 2012 presents these truly shocking facts: But we don’t have to be part of this statistic. 


The good news is that, parents can do financial planning early on and get advice, before we have to make life-changing decisions for our kids. From talking to financially savvy relatives and friends, to talking to a financial planner or personal banker, there’s a host of options really. 

But if you are not comfortable talking finances face to face with family & friends, especially strangers, here’s one novel way of getting money advice – via the BPI Bankers Online App on Facebook! 


BPI makes it easy for every Filipino with a Facebook account to get financial advice by allowing us to have personalized conversations with real bankers from BPI. 


Each BPI Banker Online has his/her own specialty whom we can ask about our individual financial needs – from money management, building a nest egg, growing wealth, to borrowing for business. For the already money savvy BPI client, the BPI Online Banker app also features a connection to BPI’s help desk for account-related inquiries and other customer service concerns.

It sort of is like having a personal banker on speed dial, but even better. What’s more convenient than getting financial advice in between chatting with friends and liking their photos? Haha!

But really, the BPI Online Bankers App makes it easy for all of us to get to our financial goals faster, through expert financial advise and solutions. Which in the case of the parent wringing her hands because tuition fee season is right around the corner, could be as easy as seeking advise via the BPI Online Bankers app found on the BPI Facebook Page www.facebook.com/bpi

BPI seeks to help improve financial literacy in the country by reaching out to the more than 27 million Filipinos on Facebook. Through the app, BPI encourages these users to become more aware of their financial health and to seek the expert advice offered by the bank’s pool of friendly and knowledgeable bankers.

1 comment:

Anonymous said...

Hi,

I'm happy that you're evolving as a blogger, but I do miss the times when you weren't posting about mom stuff!

Minnee

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