Soon the new generation will have less excuses for poor financial decisions, thanks to the Department of Education (DepEd).
Senior high school students in the Philippines will undergo the financial literacy program designed by DepEd, a member of the National Strategy for Financial Inclusion (NSFI), covering topics from the basics of saving up to financial management and budgeting to handling monetary investments.
This is a step towards the right direction, especially since the goal of K-to-12 is to produce “employable high school graduates in two years.”
According to DepEd, this is their way of integrating “financial education and consumer protection in its K-to-12 curriculum, a training program on financial literacy especially designed for teachers, and financial inclusion mechanisms for students and schools in urban and remote rural areas.”
The program also aims to equip educators with financial management skills and to find partners who will help “bank the unbanked” in schools.
The financial modules will set to be taught once a week in one or two-hour sessions and will be integrated in Edukasyong Pantahanan At Pangkabuhayan (EPP) or Technology and Livelihood Education (TLE) classes.
The program is part of R.A. 10679 or the “Youth Entrepreneurship Act” championed by Senator Bam Aquino.