Home Ed. February 2020 ACCIDENTAL FINANCIAL LITERACY

ACCIDENTAL FINANCIAL LITERACY

All of a sudden, people of the world got to their sadness insofar as their expenditures are concerned. Whereas, luxury and the unnecessary dominated their purchasing habits before, the outbreak of COVID19 limited travels particularly those which are just for fun. Acquisition of many new gadgets especially from China like the newest cellphone models. People going to casinos to gamble in Macau, Singapore and the Philippines got so scared that their quest to win or recover has been reduced a lot.

Fashion has been dormant. Why buy new clothes if the fabric are contaminated with virus. People realized that this is not the time to splurge but a time to keep and use whatever what we have already in our closets which are actually so full leaving no room for new ones.

New car sales has been anemic and also grand sales in malls as people avoid mixing with too much crowd. The Christmas and New year sales had been too much. Why the heck go back to the mall sales again. For what?

Junior–Senior Proms in schools together with elaborate Graduation Ceremonies were made simpler or totally discarded.

Even major religious events such as for the Holy Week and the Pilgrims are to be done with much cautions thus making people realized that it is not the ceremonies that count but the practice for the common good thru true and honest repentance of sins and solemn devotions.

 By LUIS T. ARRIOLA