Republic of the Philippines

OCCIDENTAL MINDORO STATE COLLEGE

Sablayan, Occidental Mindoro
Website: www.omsc.edu.ph Email address: omsc_9747@yahoo.com
Tele/Fax: (043) 457-0231

College of Teacher Education

GARLIT, GLAIZA P.
BSED – 2B

FINANCIAL LITERACY PROGRAM OF DEPED

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For everyone to know, financial literacy through its simplest terms, applies to an individual's ability to
effectively integrate financial skills for effective budget planning, investing, as well as managerial staff of personal
life. But why is this so important to every individual?
According to what I have read is that financial knowledge is a major element of each and every Filipino's
daily existence, but it is particularly important for middle-class or even working-class people because it has a
significant impact on their ability to maintain a long lasting relationship with finances in regards to their personal
startups, funding for their children's education, as well as their savings. Well that is generally relating as the
sustainable development of the Philippine economy depends heavily on financial literacy. Financial Literacy
Program of DEPED discussed financial literacy, and why it is so crucial for the 21st century workforce, as well as
how financial institutions, associations, and perhaps even educational establishments can advance it throughout the
country.
I believe that economic growth and financial literacy go with one another. This became doubly true for
emerging country like the Philippines. And for me, making sure a country's economic long-term profitability, and
financial literacy is needed. We people should arm ourselves by understanding financial matters as well as data that
really can facilitate us all to be assisted and allow us to make the appropriate financial choices that will secure our
financing in light of the numerous economic forces that has negatively impacting the local and global economic
growth of our country. We all know that many Filipinos are still effortlessly deceived of individual’s tough money
these days through numerous distinct fraud cases. Which leads to wide investment schemes which do not have the
resources to generate the expected benefits they're already invested.
In conclusion, best solution to those financial problems is to promote financial literacy on different levels,
regardless of a person’s life status and personal income. In behalf of financial literacy programs in the Philippines,
we Filipinos can learn how to build or even create effective financial plans that will manage our savings and
expenses, also to build both short-term and long-term financial goals for our future living. For that can can strongly
support the maturing portion of the population of our own country.