Financial literacy curriculum now accessible online
Three years after pioneering the Cha-Ching curriculum in public schools in the Philippines, Prudence Foundation, the community investment arm of British life insurer Pru Life UK, brings its successful program materials online by creating a resource center where teachers can easily access the digitized version of the teaching materials they can use for self-study or review.
Educators can simply log on to the Teacher section of the Cha-Ching website (www. cha-ching.com) to download the Cha-Ching curriculum’s masterlist of teaching aids, session implementation video guides, music videos and comic books on their personal electronic devices.
Cha-Ching teachers also can now freely equip themselves with files of the in-class and take-home activities that they can reproduce for their students.
This initiative will help expand the reach of Cha-Ching in the Philippines and efforts to increase the money-smart knowledge of students.
Based on the results of an impact evaluation study released by Prudence Foundation, there has been a significant improvement in the financial literacy of elementary pupils who have undergone the Cha-Ching money smart kids lessons.
The study showed a statistically significant improvement in all three dimensions of knowledge, attitude and behaviors regarding financial literacy, with the biggest improvement in knowledge which rose from 79.5 to 88 percent. Changes in attitude also rose from 75 to 78.9 percent while behavior rose from 73.1 to 79.5 percent, which constitute a reasonable rise since these dimensions normally take time to develop.
Moreover, the impact study showed that Cha-Ching’s tribution in increasing the overall improvement, around 66.8 to 80.9 percent in knowledge, attitude, and behavior, was statistically significant.
Although attitudinal change was minimal in the survey, the impact of Cha-Ching accounted for the highest contribution at 80.9 percent. The contribution of the program to behavior is estimated at 74.8 percent whereas for knowledge, it accounted for 66.8 percent.