Assessing the Effectiveness of Financial Literacy Programmes in Promoting Financial Resilience among Low-Income Populations

\nFinancial literacy and strategic financial management are interconnected and essential for achieving financial resilience, especially among individuals with low income. Thirteen women were chosen to participate in a one-day training session on financial literacy and planning in Brgy. Digkilaan, Iligan City, the Philippines. The community services programme prioritises addressing financial planning concerns due to the moderate degree of financial literacy, clear financial objectives, established financial planning practices, and active involvement of participants. The life cycle hypothesis theory was employed to assess the financial situations of workshop attendees, with a particular focus on women. Analysis of financial position was conducted using a pre-test on financial planning and literacy, a workshop presentation, a post-test, and a response profile form. The findings provide distinctive perspectives on financial profiles, allocation, and analysis. There has been a financial profile enhancement in planning and Islamic activities, but the chosen individuals restricted from earning a salary that exceeded the national minimum wage, which categorised them into the quadrant of vulnerable groups. This study shows that while the chosen individuals have higher salaries, they lack effective financial management, posing risks and limiting economic advancement. Therefore, consistent financial literacy programs are essential to build financial resilience, especially for women.\n