Earn, save first then spend

Sun.Star Baguio - - Opinion -

IT HAS been one of the pri­or­ity pro­grams of the De­part­ment of Ed­u­ca­tion (DepEd) un­der the lead­er­ship of Sec­re­tary Leonor Mag­to­lis Bri­ones to in­still fi­nan­cial lit­er­acy among teach­ers and learn­ers.

The DepEd Chief once again re­it­er­ated its im­por­tance in her mes­sage dur­ing the Fi­nan­cial Ed­u­ca­tion Stake­hold­ers Expo 2018, or­ga­nized by the Bangko Sen­tral ng Pilip­inas (BSP), on Novem­ber 27 at the SMX Con­ven­tion Cen­ter in Pasay City.

It was men­tioned in the press re­lease found in DepEd web­site that the Expo aimed to con­nect stake­hold­ers from the pub­lic and pri­vate sec­tors, pro­vide venue for shar­ing their fi­nan­cial ed­u­ca­tion ini­tia­tives, and en­cour­age pro­duc­tive part­ner­ships.

With the full sup­port of its part­ners, DepEd has been train­ing train­ers in the con­duct of Fi­nan­cial Lit­er­acy Ed­u­ca­tion (FLE) for teach­ers for them to be ben­e­fit­ted per­son­ally and pro­fes­sion­ally as they will in­te­grate FLE in their re­spec­tive classes.

Bri­ones re­vealed that around 6,000 teach­ers from the Na­tional Cap­i­tal Re­gion (NCR) have been trained in the pilot stage of the mod­ules col­lab­o­ra­tively de­vel­oped by DepEd, the BSP, and the Bank of the Philip­pine Is­lands (BPI).

If it will be rolled out na­tion­wide, the FLE will be in­te­grated in the fol­low­ing sub­jects across grade lev­els: Filipino; English; Math­e­mat­ics; Science; Aral­ing Pan­lipunan; Edukasy­ong Pan­ta­hanan at Pangk­abuhayan; Tech­nol­ogy and Liveli­hood Ed­u­ca­tion; Edukasyon sa Pag­pa­pakatao; Mu­sic, Arts, Phys­i­cal Ed­u­ca­tion and Health; Home­room Guid­ance Pro­gram; and se­lected se­nior high school (SHS) core and ap­plied sub­jects.

The Sec­re­tary could vividly re­mem­ber that dur­ing her first few days as DepEd Chief, her first step done was to con­duct in-depth stud­ies on the spend­ing habits of DepEd em­ploy­ees, both teach­ing and non-teach­ing per­son­nel that paved way to the birth of var­i­ous ef­forts and part­ner­ships of DepEd with other key agen­cies and or­ga­ni­za­tions that pro­mote fi­nan­cial lit­er­acy.

Bri­ones even men­tioned that when she joined DepEd, the first thing she did was to con­duct a se­ri­ous study on the spend­ing habits of the teach­ing and non-teach­ing per­son­nel and to ask what do they do with their bor­rowed funds be­cause they could bor­row money within 30 min­utes if they wish to and there are al­ways in­sti­tu­tions, groups – le­gal or il­le­gal – from whom they could bor­row the money.

In 2019, Sec­re­tary Bri­ones said that DepEd is geared to fur­ther im­prove its fi­nan­cial sys­tems be­cause she noted that one of the rea­sons why em­ploy­ees go into debt is due to the de­lays in the pay­ment of salaries, in the down­load­ing of fund, etc. and promised to work very, very hard to rem­edy the said predica­ments.

Bri­ones thanked BSP and other part­ners for the con­duct of the Expo, and em­pha­sized that this was timely as the hol­i­day sea­son, when spend­ing be­comes more fre­quent and higher, comes around the cor­ner.

Bri­ones said that there is no end to our wants but there are lim­i­ta­tions so she asked her con­stituents to take care of their re­sources, money, and funds.

This Cor­ner hopes that all DepEd teach­ing and non-teach­ing per­son­nel should in­still in their minds the need of giv­ing im­por­tance to what­ever re­sources, funds and money they have. With this, they will be able to live a fuller, ful­filled life with needs, not wants as pri­or­ity on top of first set­ting aside sav­ings be­fore spend­ing.

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