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Financial Literacy for Filipinos
« on: March 24, 2019, 05:43:04 PM »
1-Ang Edukasyon Party-list
Assistant Minority Leader
Vice Chair, Committee on Higher & Technical Education
Member, Basic Education & Culture and 10 other committees | 0917-729-2437


By showing students of all ages how math is used at home and in everyday life using private sector-developed financial literacy modules, the Department of Education can produce future generations of numbers-savvy Filipinos, according to 1-Ang Edukasyon Party-list Rep. Bong Belaro.

"Most of today's older parents were taught home economics in school. As they as well aware now, much of that subject really is about managing the family budget using basic mathematics," Belaro, son of a farmer father and a public school teacher mother explained.

"Math is the key tool of financial literacy," Belaro added.

According to the DepEd, "more than 400,000 public and private school learners all over the country competed in the elimination round of the 2019 Metrobank-MTAP-DepEd Math Challenge conducted across 1,700 testing centers nationwide from January 17 to 18."

"Pinatutunayan ng datos na ito na hindi bababa sa 400,000 ang mga batang mag-aaral na angat ang galing sa Math. Layunin natin na mas dumami pa sila," Belaro said.

"These days and more so in the future, the need for "adulting" becomes even more necessary and central to that is the imperative of making the young realize how crucial math is at home, while using public transport, and earning extra income," the education solon stressed.

Belaro said the government must encourage more financial literacy involvement of the private sector and professionals "through their corporate social responsibility and social enterprise projects."
Belaro is the author of House Bill 4236 calling for the incorporation of entrepreneurship and basic financial literacy in all tracks of senior high school.
"Senior high students have the most immediate need for financial literacy and entrepreneurship competence because they are the young who are nearest to being able to find work or put up small businesses," Belaro pointed out.

"For the 18th Congress, non-tax incentives that would motivate professionals and companies to develop applied math competence from primary to senior high are among the top on the legislative agenda of 1-Ang Edukasyon," the party-list congressman said.

"I am studying the application of the carbon credits concept to volunteerism and corporate social responsibility. My idea involves converting volunteer time and part of CSR resources spent. Conversion into education credits which can be invested into helping build and equip more schools," he also said.

According to the DepEd, "last year’s Brigada generated a grand total of P6,447,685,413.61 worth of resources and volunteer man hours, and mobilized a total 22,647,754 volunteers."

"That's a lot of man-hours and volunteerism resources indicative of the strong potential of education credits to augment the country's investments in education," Belaro said. (END)

Romans 10:9-10
"If you declare with your mouth, Jesus is Lord, and believe in your heart that God raised him from the dead, you will be saved. For it is with your heart that you believe and are justified, and it is with your mouth that you profess your faith and are saved."

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