MANILA, Philippines—Feeling the brunt of rising prices, Judith Calleja, a 36-year-old mother of two girls, tells her daughters to learn how to save.
She knows poverty by heart—she never finished high school and had to work at a young age—and it is something she wishes her children would not go through.
“I want them to learn how to save money while they are still young,” Judith says. Life is getting harder and what her husband earns as a seaman is barely enough for their needs.
But her eldest daughter Jovy Ann, a fifth grader in Liliw, Laguna, usually spends all of her P25 allowance every day. She knows it is important to save—her mother constantly tells her to do so—but she has not started.
The Department of Education (DepEd) wants to help her and other public schoolchildren start doing so.
“We want to educate our young people on financial literacy—what money is, how to use it properly and how to make it grow,” Education Assistant Secretary Jonathan Malaya says.
By Edson C. Tandoc Jr.
Philippine Daily Inquirer
First Posted 02:52:00 11/25/2008
This is the post from www.inquirer.net. The question is how will they teach the students financial literacy? Financial technologies and strategies are changing rapidly. Do they have enough resources and tools to be used in teaching financial literacy? Who will teach the students? If the teachers themselves mostly are struggling financially, could they transfer the skills to our children? You cannot give what you don’t have. There’s still a lot of questions how are they going to implement it. Hopefully, DepEd could come up with good curriculum and resources so that our children could be more equipped as they face the real world when they go out of the four corners of the classroom.
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