Public school teachers stand to benefit from the continued support from the Department of Education (DepEd) and BDO Network Bank (BDONB), particularly in equipping them with financial knowledge to help them achieve their personal goals.
For many teachers, gaining financial literacy helps them practice financial discipline and make informed decisions on budgeting, saving, and debt management. On the importance of practical budgeting in particular, knowing where their money goes every month has taken so much stress off teachers’ shoulders already loaded with the daily grind of teaching. This knowledge assists in avoiding debt traps as they are able to manage and prioritize their expenses better. Saving for future goals also gives teachers tools to start building funds for their imminent needs, including their retirement. By being financially knowledgeable, public school teachers can also impart these money management strategies to their students.
“Here in DepEd, we’re looking for ways to train our teachers on financial literacy because they can’t teach that to their students if they themselves don’t know anything about it,” DepEd-National Capital Region Regional Director Jocelyn Andaya said. “Our teachers play a very crucial role in teaching financial literacy to our students. It’s important that at a young age, they (students) are already taught to be self-sufficient financially and know how to budget and plan for their future.”
She added that in partnership with BDO Unibank’s corporate social responsibility arm, BDO Foundation, financial seminars are held wherein pockets of teachers are trained—a crucial exercise since financial literacy is already part of school curriculum among elementary and high school students. She said that the next plan is to come up with an instrument to measure what level our teachers are in right now in terms of their own financial literacy.
BDO Network Bank (BDONB)—the community banking arm of BDO Unibank—truly values the role teachers play as the backbone of education and the true heroes shaping the future of the next generation. BDONB said it is deeply honored to have the opportunity to partner with DepEd in supporting and empowering these educators, recognizing that when teachers thrive, so do their students, their communities, and the nation as a whole.
Through BDONB’s tailor-fit products, services and financial literacy seminars it regularly conducts, it is envisioned that teachers will be better equipped to reach their financial goals. But more than the products it offers, community engagements, and seminars it conducts,BDONB said its full support to DepEd’s cause can be gleaned from its unwavering commitment to the agency’s programs all year round, including as one of its corporate partners for the World Teachers’ Day celebration and other DepEd activities.
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