According to Will Kenton, “financial literacy is the ability to understand and effectively apply various financial skills, including personal, financial management, budgetting and investing. Financial literacy helps individuals become self sufficient so they can achieve financial stability. “

To help dairy farmers manage their finances, the National Dairy Authority-Negros Oriental Field Office held a Financial Literacy Training, last January 18 & 19, 2022 with Ms. Richie Baumgart as resource person.
Farmers were able to see how much they earned, spent for their needs, invested or saved. In this way, many will avoid the mistake of seeing financial breaks as a chance to splurge, but instead to invest wisely and save.