Article/News by: Ms. Angelina Agayon
Date Posted: February 13, 2018

The Junior Financial and Investment Executives (JFINEX) - Sacred Heart College initiate the first Finance Fair with the theme “Finance Fair 2018: Aviating Finance to a Higher Altitude” last January 20, 2018, at the Hermana Fausta Hall. Participated in by Grade 11-12 students from different schools all over Lucena City, the program started with an opening prayer by Ms. Eloisa Arambulo, the National Anthem by Ms. Shaina Malabuyoc and the opening remarks by the President of Junior Financial and Investment Executives (JFINEX), Mr. Blodymer Dalde. Mr. Roy Agunias and Ms. Kristine Mae Basilio introduced the Junior Financial and Investment Executives (JFINEX) to the participants and tackled how the parallel sessions will proceed..

The first session talked about the College life with the topic: (1) Skills Needed in College, (2) How to Survive in College, and (3) Why you will Choose BSBA as your Career Path? The second session tackled the financial literacy with the topic: (1) Proper Saving, (2) Money Management, and (3) Importance of having a Bank Account.

1st speaker is Ms. Frensy Ritz Barretto, 4rth year College student taking up Bachelor of Science in Business Administration Major in Financial Management, Dean’s list, a Cordian Leader and a student Catechist. According to Ms. Barretto, “The future belongs to the brave”, you have to believe in yourself, because in every experience you gain knowledge, strength, courage and confidence and that will help you to succeed your college year. You must do that which you think you cannot do and believe in the beauty of your dreams.

She added that skill is the ability to carry out a task with pre-determined results often within a given amount of time, energy, or both. Skill usually requires certain environmental stimuli and situations to assess the level of skill being shown and used. Inclusive of the discussion are the top ten skills that are needed to succeeding in college. (1)Adaptive thinking- in the future you will need to continuously adapt to changing conditions as well as be able to learn new things quickly and efficiently. You need to learn how to learn. (2) Communication skills- we need to have access to a wide variety of new ways to communicate. You should learn how to communicate with people within and outside of the team or organization. (3) Collaboration skills- in the classroom there is a culture of competition and independence rather than one of teamwork and collaboration. That’s why you need to quickly adapt to a culture of collaboration. (4) Critical thinking & problem solving skills- this is one of the most important skills because you should know how to solve problems, provide ideas and help improve the organization. (5)Personal management- This includes the ability to independently plan, organize, create and execute, rather than wait for someone to do this for them. (6) Inquiry skills- ability to ask great questions. (7) Technology skills- You need to be skilled at using technology and students are required or taught to learn technology efficiently. (8) Creativity and Innovation- it correlates with the ability to ask good questions and the ability to problem solve. Students are needed to be more and more for creative and innovative solutions to issues that exist. (9) Soft skills- the ability to look someone in the eyes when talking to them, or using a firm handshake. (10) Empathy and perspective- The ability for our students to put themselves in someone else’s shoes, to understand their feelings, and to help solve their problems.

And Ms. Barretto leaves us this quote “I can do all things through Christ who strengthens me” and explains that in order for such vital transformation to occur, we must go through events by which God can teach, guide, and strengthen us for His own purpose.

2nd speaker is Ms. Ma. Avigail Calderon Daco, 4rth year College student taking up Bachelor of Science in Business Administration Major in Financial Management, member of Junior Financial and Investment Executives (JFINEX), Student Executive Council (SEC) Former Treasurer and Vice President of Student Catholic Action of the Philippines (SCAP). She talked about the topic “How to Survive in College”.

Ms. Daco said that, to live is to suffer; to survive is to find some meaning in the suffering. There is Ten College Survival Guide given by Ms. Daco. (1) Don’t feel pressure to choose your career or major- don’t put too much pressure on yourself, allow yourself to be a beginner because no one starts off being excellent. (2) Go to all orientations- like campus tour, just enjoy the day! You can never have another first day of your first year of college classes. (3) Be on time always- time is free but it’s priceless. You can’t own it, but you can use it. You can’t keep it, but you can spend it. Once you’ve lost it you can never get it back. And if you cannot be on time then be early. (4) Involve yourself in any organizations in school- don’t be afraid of missing opportunities. Behind every failure is an opportunity somebody wishes they had missed. (5) Always treat yourself- give yourself a break. Your mind will answer most questions if you learn to relax and wait for the answer. (6) Seek a balance- family over friends, because true friends are family. Cry over books not boys. (7) Be matured enough- no matter how hard we try to be matured, we’ll always be kid when we all get hurt and cry. Maturity doesn’t mean age. It means sensitivity, manners and how you react. Also an attitude built by experience. (8) Treat everyone with dignity and respect- respect, give it to get it. “I was raised to treat the janitor with the same respect as the CEO.” (9) Learn to accept your failures- accept failures as part of the process. I can accept failure but I can’t accept not trying. (10) Have faith in God- god is working things out for you, even when you don’t feel it. Have faith and be thankful. You can’t control everything.

Sometimes you just need to relax and have faith that things will work out. Let go a little and just let life happen. God has a perfect plan for you; He never does it all at once, just step by step because he wants to teach us to walk by faith not by sight.

3rd speaker is Mr. Denzel Avery Villaflores, 3rd year College student taking up Bachelor of Science in Business Administration Major in Financial Management, a member of Junior and Financial and Investment Executives (JFINEX), VVPC, Art Society and Junior Confederation of finance Associations-Philippines (JCFAP). He discussed the topic “Why You Will Choose BSBA as Your Career Path?” Inclusive of the discussion was what BSBA stands for and why do you need to choose BSBA as your career path? He explains that Bachelor of Science in Business Administration is formerly known as BS In commerce.

He said that it is designed to produce graduates that possess a familiarity of business operations and equip them with critical decision making skills for strategic and executive work necessary for competing in the ever-changing world of global business. Why choose BSBA? The program empowers students with a basic and clear understanding of the functions of every division in a company. Be it in marketing, finance, operations, human resources, and office management. Training in this program emphasizes leadership skills, and thus prepares them your managerial and supervisory positions.

BSBA is one of the most widely valued degrees in the modern work environment, as it provides a solid grounding in many areas of business and is flexible enough to prepare graduates for employment in many different careers. Aside from that, Mr. Villaflores said that BSBA also open many opportunities for students because the course was very versatile, it could be seen everywhere and many jobs is open for applicants and fresh graduates.

There are different career opportunities for BSBA enumerated by Mr. Villaflores, in Marketing you can be Marketing Assistant, Marketing Associate, Junior Marketing Executive, Investment Consultant and in Sales Department you can be a Sales and Marketing Coordinator, Sales Support, Sales Representative, Account Manager and Leads Management, for Human Resource you can be an HR assistant or a junior recruiter, while in Administration department you can be an assistant store manager it is either in fast food company or a department store and also general administrative jobs, for Finance graduates, we can be a junior financial advisor or a junior financial analyst. And in accounting entry level position is you can be a payroll assistant. BSBA will really help you get away of your comfort zone and try new different things and adventures because opportunities waits to you.

4th speaker is Mr. Baljinder S. Dhillon, 4th year College student taking up Bachelor of Science in Business Administration Major in Financial Management, Dean’s list, a member of Junior Financial and Investment Executives (JFINEX), Junior Confederation of finance Associations-Philippines (JCFAP) and awarded as a Top 3 outstanding Finance Students in the country. He discussed the topic “Proper savings”

Mr. Baljinder said that “Being financially free is not just for the rich, it is also for the persons who have the passion and skills to beat their status by doing this simple but effective process of proper savings.” He explains that the term proper savings means allocating your money properly to your daily expenses by defining your needs and wants. And this will be a great opportunity for the students to save money in an early stage because by the time you will reach college you can be free minded of the expenses just by paying them with your savings. Money is considered as a very important asset in this point of time because of its liquidity and its capability to buy goods and services. The key in savings is not the amount you save it is the time you have spent in saving.

5th speaker is Ms. Ma Luz Florence C. Uy, 4th year College student taking up Bachelor of Science in Business Administration Major in Financial Management, Dean’s List, Junior Financial and Investment Executives (JFINEX) Executive Vice President for External Affairs, and member of Junior Confederation of Finance Associations - Philippines South Luzon Chapter. She discussed Money management practices.

According to her, one of the greatest satisfactions in life is having a sense of control over your personal finances. She emphasized the Common Mistake of students in managing their money, (1) Not Knowing Where Their Money is going- Live within your means, you have to make financial choices based on the money that is available. The first thing every college student should do to gain control over their financial lives is create a spending plan. (2) Not Having a Plan for Their Money- students often have no plan for how to use their money. (3) Not Determining Wants vs. Needs - many college students try to live outside their means because they haven’t thought about categorizing their expenses – determining what they really need versus what they want. (4) Succumbing to Peer Pressure- Peer pressure is a very powerful phenomenon on a college campus. Students need to understand that it’s okay to say “no”. (5) Not setting up a Budget- keeps track of and categorizes your spending so you know where you can make adjustments. (6) Not taking Advantage of free opportunities- they tend to always say “later”, “not now” and “maybe”. Ms. Uy also gave top 10 Tips on how to manage your money properly, (1) Separate wants from needs- Start tracking your spending. (2) Set up a savings account- Set up a budget, or if you prefer, set up a spending plan. To manage your money properly and get ahead financially, you need to spend less than you earn. (3) Take control, and be responsible- Now that you know where your money is going and you're spending less than you earn, you can start saving. (4) Get organized- you need to make a list of your saving and spending. (5) Keep track and Set Financial Limits- you should know where your money is going and make a portion of it. (6) Use credit wisely- If you do not use credit cards then you can't spend money you don't have and will not be spending more than you earn. (7) Look for Student Discounts- you deserved a less. (8) Look for ways to spend less- Find and Buy the Cheapest. (9) Spend on the Right Things- Before you buy something, ask yourself: What impact is this purchase going to have on my life? That can put an end to impulse spending. (10) Create a Budget- make a list of the things that you need in order to avoid unexpected spending on things that are not needed.

Once you start managing your money, you will find out that it makes other parts of your life easier as well. And also she gave the important formula on how you can manage your finances properly: income minus savings equals expenses (INCOME – SAVINGS = EXPENSES). Ms. Uy’s last word was “don’t be intimated into believing that you have to prove anything by the amount of money, there's nothing wrong with having fun but remember your priorities.”

One of the greatest satisfactions in life is having a sense of control over your personal finances.

The last speaker is Ms. Monica Paola H. Noscal, 3rd year College student taking up Bachelor of Science in Business Administration Major in Financial Management, Dean’s List, a member of Junior Financial and Investment Executives (JFINEX), Junior Confederation of Finance Associations - Philippines South Luzon Chapter, Art Society (ARTSOC), and (COMSELEC).

Ms. Noscal highlighted the basic types of bank accounts namely checking account- is quick and convenient way to access money as often as you need; however, you cannot earn interest with it. Savings account- you can earn interest but the frequency and amount of your transactions are limited. And certificates of deposit (CD) - your transactions are more limited as you cannot withdraw your money for a certain amount of time but in return, you earn a bigger interest. And give some transaction mediums available for the bank users today such as counter transactions, automated teller machine, debit card, internet banking and mobile banking. With these, you can perform financial transactions with ease. You can pay bills, transfer funds, shop and invest online and monitor your bank account whenever you want.

She enlightens the participants and enumerates some of the advantages of having a bank account. Firstly, people are encouraged to save more once they apply for a bank account. Secondly, banks ensure the security of their deposits as there is a Philippine Deposit Insurance Corporation (PDIC) that insures up to P500,000 deposit per depositor. It not only provides security in that way but it also provides added security when you perform online banking transactions since the mobile applications of the banks generate one-tip passwords (OTP). Thirdly, accessing the depositors’ funds is now more convenient with banking. They can withdraw money from a variety of locations using a debit card, or by writing a check. Having a debit card also allows them to pay for goods and services electronically and shop online. Fourthly, bank accounts pay a small rate of interest. The depositors, however, have to consider that different banks offer different interest rates. They have to keep in mind that, “the higher the risk, the higher the returns.” Stable financial intermediaries bear less risk; therefore, they offer smaller interest rates than those which are less stable. Fifthly, having a bank account protects the depositors’ assets. Tying up ALL of their capital in illiquid or speculative investments is not good since they may incur losses via forced selling when they need the money immediately for unforeseen expenses. Sixthly, owning a bank account encourages self-determination for credit. With that, it also increases your credit reputation. Seventhly, paying bills, as mentioned, is easier with a bank account. One can allow regular bills payments (insurance companies, utilities, telecommunication companies) to extract money directly from their accounts. This saves time and cost of mailing a check. Lastly, it gives access to direct deposit. A bank user can give permission for a person, company, or organization to deposit money into his bank account.

After discussing the advantages of having Bank accounts she provided helpful tips to secure online financial transactions such as monitoring the depositors’ personal accounts regularly, never make a purchase or donation from unsolicited emails, banner ads, and message boards and others. And leaves us a message and said “Having a bank account allows you to be in control of your finances and being in control of your finances is a great stress reliever. Financial responsibility is not about how much money you make; it’s about how much you save and invest.”

Mr. Blodymer Dalde and Ms. Kristine Basilio together with other officers of Junior Financial and Investment Executives (JFINEX) gave the token of appreciation and certificate of recognition to the speakers and representatives of the participating schools. To conclude the event, the President of Junior Financial and Investment Executives (JFINEX), Mr. Blodymer Dalde delivered the closing remarks, wherein he extended his deepest gratitude to the speakers and to all who participated in the said event. Afterwards, Ms. Kim Prieto ends it with the closing prayer. The objectives of the activity were met and everyone acquired so much knowledge.

Ms. Angelina Agayon and Mr. Kent Dexter Bonsol were the Master of Ceremony.

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