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Financial Literacy

Students are learning more about saving, spending, and borrowing

Sep 28, 2026 · 2 min readBy KasKasan Buddies

BSP's 2026 financial learning program reached 5,978 participants, with its final session focusing on spending, borrowing, scams, and financial health.

  • The Bangko Sentral ng Pilipinas (BSP) concluded its 2026 Economic and Financial Learning Program (EFLP) series with a session focused on helping students and educators build healthier financial habits.
  • Held on September 23 to 24 in Legazpi City, the final EFLP session reached 2,470 participants onsite and online. The program covered practical topics including spending and saving, responsible borrowing, scams, financial risks, and consumer protection.
  • BSP Deputy Governor Bernadette Romulo-Puyat said financial education should go beyond knowing financial concepts and help people develop habits they can apply consistently.

BSP's 2026 financial learning program reached 5,978 participants, with its final session focusing on spending, borrowing, scams, and financial health.

  • The Bangko Sentral ng Pilipinas (BSP) concluded its 2026 Economic and Financial Learning Program (EFLP) series with a session focused on helping students and educators build healthier financial habits.
  • Held on September 23 to 24 in Legazpi City, the final EFLP session reached 2,470 participants onsite and online. The program covered practical topics including spending and saving, responsible borrowing, scams, financial risks, and consumer protection.
  • BSP Deputy Governor Bernadette Romulo-Puyat said financial education should go beyond knowing financial concepts and help people develop habits they can apply consistently.

The Bangko Sentral ng Pilipinas (BSP) concluded its 2026 Economic and Financial Learning Program (EFLP) series with a session focused on helping students and educators build healthier financial habits.

Held on September 23 to 24 in Legazpi City, the final EFLP session reached 2,470 participants onsite and online. The program covered practical topics including spending and saving, responsible borrowing, scams, financial risks, and consumer protection.

BSP Deputy Governor Bernadette Romulo-Puyat said financial education should go beyond knowing financial concepts and help people develop habits they can apply consistently.

“We need more of you to have the confidence and discipline to do the right thing consistently,” Romulo-Puyat said.

Students also had the opportunity to apply for a PhilSys National ID through the Philippine Statistics Authority and open bank accounts with participating local banks, giving them direct access to formal financial services.

The Legazpi program built on the BSP's 2025 EFLP for the Academe in Bacolod City, with this year's sessions placing greater emphasis on the financial decisions and behaviors that affect long-term financial well-being.

The push comes as financial literacy among Filipino adults improves. Results from the 2025 Consumer Finance and Inclusion Survey showed that 74% of adults correctly answered at least half of six financial literacy questions, up from 69% in 2021.

However, access to formal financial services among younger Filipinos remains uneven. Account ownership stood at 34% among those aged 15 to 19 and 60% among those aged 20 to 29, according to the survey.

The 2026 EFLP series also held sessions at the BSP Head Office in Manila, Zamboanga City, and Cabanatuan City. Across all four locations, the program reached 5,978 participants.

For KKBuddies, the program highlights why financial literacy is not limited to learning how to budget or save. Understanding borrowing, scams, consumer rights, and formal financial services can also help young Filipinos make better decisions as they begin managing their own money.

BSP said it will continue working with schools and other academic institutions to make financial education more relevant to the everyday financial decisions of students and educators.