DepEd expands, intensifies lessons on finance in K to 12 curriculum
MANILA, Philippines — To improve skills on handling finances of learners and teachers, the Department of Education (DepEd) on Thursday said that it has “expanded and intensified” the integration of financial education to the K to 12 curriculum.
The DepEd issued the Financial Education Policy to “help learners and teaching and non-teaching personnel make sound financial decisions” by including financial lessons in school activities.
It cited a survey from the Bangko Sentral ng Pilipinas showing that 41 percent of Filipinos can only answer one of three financial literacy questions correctly and only eight percent can answer three.
“Financial Education is vital in developing a financially literate citizenry, empowering them to make wise financial decisions, take advantage of economic opportunities, and achieve financial health,” Education Secretary Leonor Briones said in a statement.
“Financial literate citizens can contribute more productively to inclusive growth and be more effective agents of nation-building,” she added.
Under the policy, teachers, leaders, teachers-in-training, and non-teaching personnel will be trained to “equip them with knowledge on financial education concepts, core messages as well as helping them to hone their own financial management skills.
Meanwhile, learners will be taught financial concepts and skills on earning, saving, spending, budgeting, donating, investing, planning, consumer protection, and entrepreneurship.
“Learners will also be taught how to open a savings account and help manage their resources prudently, which helps them apply these concepts in real life – which is one of the policy’s key objectives,” the DepEd added.
The DepEd said the policy covers “all learners from public and private elementary, junior and senior high schools, learning centers for Special Education (SPEd) and Alternative Learning Systems (ALS), and Indigenous Learning Systems and Madrasah Education Program.” Faith Yuen Wei Ragasa, INQUIRER trainee
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