th images menu user export search eye clock list list2 arrow-left untitled twitter facebook googleplus instagram cross photos entrep-logo-svg

Special board game teaches financial planning in a fun, engaging way

Sun Life Grepa introduces a special board game to help teach financial literacy to the public.
By James Humarang |


What could be the best way to teach financial planning to Filipinos, especially the millennials? You would surely agree that making it more fun, engaging, and of course exciting is the way to go.

That is why Sun Life Grepa Financial, Inc (SLGFI), a joint venture between the Yuchengco Group of Companies (YGC) and Sun Life Financial-Philippines (Sun Life), bought the license from Singaporean game designer Sense for Money to launch ‘Praxis’ in the local market. It is a special board game that was designed to serve the purpose.

Praxis is part of Sun Life Grepa’s financial literacy advocacy. It targets professionals as well as teenagers who need to learn the basics of personal finance management. The board game is recommended to corporate entities that aim to make their staff more financially literate as well as to parents who want to teach their kids about financial planning even at an early age.

“Talking about finances and understanding things related to it, like the concepts of insurance and investments, can be intimidating or overwhelming to many Filipinos. Praxis is a new approach that can help address this,” says Sun Life Grepa president Richard Lim.

Simulating real-life events
How does it work? Praxis is a breakthrough way of starting conversations about personal finance as it simulates real-life events. The board game is ideally played by four people, who are given the chance to test their strategic and decision-making skills when they are subjected to various situations and challenges brought about by the board.

Within an hour or two of playing the game, each player would experience getting promoted, catching illnesses, losing job, and buying investments, among others. They would all be forced to make financial decisions amid various economic cycles.

Basic financial processes like budgeting and saving, as well as the more complex ones like investing in stocks and protection planning would be tackled, in a fun and engaging way. At the end of the game, financial lessons would be gathered and processed through the guidance of Praxis-accredited Game Masters.

Valuable lessons
Players are bound to realize that any form of investment will bring the best in the long term. Of course, the main realization is that people can handle life better if they are able to prepare ahead of inevitable occurrences in the economy and their personal lives.

“The feedback to Praxis has been very positive. People enjoy the game and they learn at the same time. Most importantly, they gain the confidence to talk about financial decisions, which is crucial in their journey to financial freedom,” Lim emphasized. “We want to help more Filipinos to better understand the value of financial planning. The Praxis board game is definitely a step towards that direction.”

Sun Life Grepa has started using the board game to engage its clients as well as the officers of partner lender Rizal Commercial Banking Corporation (RCBC). Selected employees of the Insurance Commission and the Philippine Investment Funds Association and some members of the press were also recently given the opportunity to experience playing Praxis. Sun Life Grepa also offers the experience to other institutions, businesses, and schools, upon request.




Additional photo from Sense for Money's FB account

Latest Articles

This Tiny Detail Might Just Double The Value Of Your Home

Properties within a block or two of this famous cafe is shaking up the real estate game

byReal Living Team for | December 13, 2017 00:00:00

Financial Adviser: 5 Reasons Why DoubleDragon Will Be the Next Blue Chip Stock to Own from Founder Injap Sia

The founder of Mang Inasal shares his gameplan for his company DoubleDragon Properties

byHenry Ong | December 12, 2017 14:00:00

How Facebook Is Helping Pinoys Grow Their Business Internationally

Even SMEs can now connect with consumers abroad

byNicai de Guzman | December 12, 2017 14:00:00

PH Cryptocurrency Startups Swamped as Bitcoin Transactions Soar Amid Surging Price warns clients cash-out times may take longer while Satoshi Citadel tries to keep up with...

byLorenzo Kyle Subido | December 12, 2017 08:00:00

8 Reasons Why Millennials Are More Productive than Any Other Generation

If you harness the strengths of Gen Y employees, you'll see they're productivity powerhouses

bySerenity Gibbons | December 12, 2017 08:00:00

4 Tips for Managing Cash Flow in a Seasonal Business

Large swings in revenue leaves you open to mismanagement

byLisa Stevens | December 12, 2017 06:00:00

Why Your Done List is Just as Important as Your To-Do List

Refinery29's Christene Barberich says you need to take time to celebrate your accomplishments

byNina Zipkin | December 12, 2017 02:00:00

Growing Up Poor in Forbes Park Inspired This Harvard Graduate to Help Create an Equal Future For All

Wonder Woman Analisa Balares hopes to use her skills to help solve some of our country's problems

byHannah Lazatin for | December 12, 2017 00:00:00

Will China Telecom Be PH’s 3rd Telco Player? Here’s What You to Need to Know About the Chinese State-Owned Company

It still needs to find a local partner and acquire a franchise from Congress

byPauline Macaraeg | December 11, 2017 18:00:00

PH Blockchain Startup Appsolutely Launches Initial Coin Offering to Sell Over $34-M Worth of Digital Tokens

Appsolutely's token launch is second ICO by a PH firm--a sign of the growing importance of virtual...

byLorenzo Kyle Subido | December 11, 2017 17:00:00

Tech Startups Win Big in First Season of PH’s First TV Business Reality Show

Final Pitch extends search for business founders looking for fame and funding for Season 2 until...

byElyssa Christine Lopez | December 11, 2017 11:00:00

Have You Seen the New Php1,000, Php200 and Php50 Currency Banknotes?

Check out the infographic so you’ll know what they look like in case you get them this Christmas

byElyssa Christine Lopez | December 11, 2017 11:00:00