PUBLIC-school teachers stand to benefit from the ongoing support of the Department of Education (DepEd) and BDO Network Bank ( BDO NB)—particularly in arming them with financial knowledge to help them achieve their personal goals. For many teachers, gaining financial literacy helps them practice financial discipline and make informed decisions on budgeting, saving and debt management.
On the importance of practical budgeting in particular, knowing where their money goes every month has taken so much stress off teachers who are already loaded with the daily grind of teaching. This knowledge assists in avoiding debt traps as they are able to manage and prioritize their expenses better. Saving for future goals also gives teachers tools to start building funds for their imminent needs, including retirement. Being financially educated, public-school teachers can also impart these money management strategies to students. ‘Here in DepEd, we’re looking for ways to train our teachers on financial literacy because they can’t teach that to their students if they themselves don’t know anything about it,’ DepEd-National Capital Region Regional Director Jocelyn Andaya said. ‘Our teachers play a very crucial role in teaching financial literacy to our students: It’s important that at a young age, are already taught to be self-sufficient financially, and know how to budget and plan for their future.’ She added that, in partnership with BDO Unibank’s corporate social responsibility arm BDO Foundation, financial seminars are held wherein pockets of teachers are trained—a crucial exercise since financial literacy is already part of school curriculum among elementary and high-school students. Andaya shared that their next plan is to produce an instrument to measure the level teachers are at right now in terms of their own financial literacy: ‘That’s where , such as BDO, can come in to help us not just by having more modules, but by also capacitating our teacher
FINANCIAL LITERACY TEACHERS DEPED BDO EDUCATION
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