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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I went to the mall yesterday, a little disappointed because I can't access my Gmail and I can't post my blog article regarding RK's book. I happen to see pass through this store and see this guy in black shirt intensely looking at HDTV for sale. A voice rang in my ears..Oooops! That's a doodad!
Doodads is a term to anything we buy beyond our basic needs which doesn't increase in value. Those are expenses which we could put in category called unnecessary expenses with no return in investment. we buy it because we want it even if it's beyond our means to afford it.
What other Doodads you might think right now and why do you consider it as a Doodad?
Feel free to post your entry in the comment section below.
Are you wrestling with any of these problems?
- You’re struggling along from paycheck to paycheck?
- Your job is becoming obsolete?
- You hate your work
- You’ve reached a promotion plateau
- You’re earning too little to ever afford your dreams
- You’ve got too little stored away to live comfortably in retirement
If you will not act today, you’ll be left behind. If you’re like most of us, your school did little to prepare you for the challenges of the real world. They are likely to have planted seeds of financial and emotional failures in life. These seeds sprout later, sabotaging our most sincere attempts to get ahead and create happy, prosperous lives for ourselves and our families.
Meet your competitors in life if you won’t act now
Six-year-old kids in a Primary School where my wife is teaching are learning to use video cameras to explore their world and record it. Within two days of starting Grade One, they're using Apple iMovie software to edit videos they have shot, before adding their own animations. Remember, they're only 6.
A friend of mine is teaching macromedia to grade 3 students, doing simple animations and multi-media, in a school in Pasig. What the heck is macromedia? The Department of Education has made curriculums to teach financial literacy programs. Their will be and additional subject of stock trading and forex. Probably, our education system is slowly waking up from the stagnant progress of our graduates year by year.
Robert Kiyosaki wrote one of his first book If you want to be Rich and Happy, Don’t go to School. I bought it last year 2000. It shows you how to identify reverse the harmful programming you unconsciously received in the classroom and learn new habits that will set you up for financial and emotional success right now.
Before I read RichDad, PoorDad, this book change my view point in life and how to prepare in this competitive world.
