Republic of the Philippines

PHILIPPINE NORMAL UNIVERSITY MINDANAO

The National Center for Teacher Education
The Multicultural Education Hub
Prosperidad, Agusan del Sur

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RONNA GRACE R FORMACION BECED-AG-II-I

Module 7: FINANCIAL LITERACY

Activity 1 
A. Identify one and most common financial problem of the teachers or the Filipino families.
Discuss its causes and ways to avoid it.
Loans and monthly payments are one of the most prevalent financial issues experienced
by Filipino teachers, according to what I've read. Feelings of appreciation and success are more
important to most instructors than monetary rewards. Governments are obliged to drastically
reduce education budget allocations as a result of this accommodating strategy. Teachers in the
Philippines are the ones who must cope with such major policy shifts. Their pay is below
average compared to other occupations, and they are rarely paid on time. Teaching is both a
physically and psychologically taxing profession. Outside of class, a teacher must dedicate time
to preparation and evaluation. It makes doing a second job to augment your income very
impossible.
It signifies that a teacher's income is insufficient to cover all of his financial obligations.
When the teacher is the family's primary or single breadwinner, things get a little trickier. To
prevent losing school days owing to the convoluted purchasing method, the instructor may have
to buy school materials out of his own wallet. Unexpected, but inevitable, expenses put a strain
on the teacher's finances. To avoid this problems teachers should be wise and knowledgeable
about the proper ways of spending their money.
A financial plan may be quite beneficial. And if they have an income that can support
their life and family requirements, it will be easier for them to manage their costs.
FLEXIBLE LEARNING ACTIVITIES
Design your own financial plan considering the principles of saving and investment.

Source of Income: Scholarship-1500 pesos per month

    Monthly allowance from parents: 3000 pesos per month

Monthly Expenses Amount (Philippine Peso)

Load 400
Snacks/Foods 500
Transportation 250
Boarding House 800
Personal Necessities 350
Others  200
Investment/Insurance 200
Savings 500
                                        Total Expense 3200
                                        Monthly 4500
Income
                                          Profit 1300