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Winners and participants of Bayad Sapat Dapat Comprehensive School Program - Quiz Bee on Financial Literacy at Mandaue City Central School, Mandaue City, Cebu.With the lingering economic disruptions caused by the COVID-19 pandemic, 2023 ended up to be a financially challenging year for Filipinos. According to Bangko Sentral ng Pilipinas, the inflation rate has climbed from 2.4 percent in 2020 to 6.0 percent in 2023, the highest inflation rate recorded in 15 years.
“Bayad Sapat Dapat” is centered on helping the youth develop a financial mindset that everything must be economically and sufficiently enough, thereby empowering households and communities to foster financial resilience amidst unprecedented financial situations.year, the program highlights a Financial Literacy Quiz Bee, covering a series of questions on financial management, savings, and priority-setting.
Shandy shared “Participating in the Bayad Sapat Dapat Quiz Bee extends beyond just winning the competition. It enabled us students to expand our understanding on the key financial principles, and improve our decision-making skills, such as prioritizing needs over wants, deciding how and when to save and spend, comparing costs before a big purchase, and planning for short term and long term financial goals.
Mandaue City Science High School Principal Leslie Joy R. Paňa said “Now more than ever, DepEd is steadfast in driving forth the Financial Education Policy in the K to 12 Curriculum.
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