{"id":513,"date":"2019-07-17T10:50:26","date_gmt":"2019-07-17T10:50:26","guid":{"rendered":"https:\/\/kuyaripot.com\/?p=513"},"modified":"2024-09-24T13:40:29","modified_gmt":"2024-09-24T13:40:29","slug":"why-money-should-be-taught-in-school-and-how-it-can-help-the-economy","status":"publish","type":"post","link":"https:\/\/armandmanibo.com\/?p=513","title":{"rendered":"Why Money Should be Taught in School and How it can help the Economy"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"513\" class=\"elementor elementor-513\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-50d3360b e-flex e-con-boxed e-con e-parent\" data-id=\"50d3360b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-252eb526 elementor-widget elementor-widget-text-editor\" data-id=\"252eb526\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<!-- wp:paragraph {\"customTextColor\":\"#316584\"} -->\n<p class=\"has-text-color\" style=\"color: #316584;\">The Philippines ranked 115th in Standard &amp; Poor\u2019s Global Financial Literacy Survey last 2015.<\/p>\n<!-- \/wp:paragraph --><!-- wp:paragraph {\"textColor\":\"very-dark-gray\"} -->\n<p class=\"has-text-color has-very-dark-gray-color\"><span style=\"color: #ffffff;\">As a licensed teacher and someone who is practicing a profession in the finance industry, I see the importance of linking these two, education and finance.<\/span><\/p>\n<p><span style=\"color: #ffffff;\"><!-- \/wp:paragraph --><!-- wp:paragraph {\"textColor\":\"very-dark-gray\"} --><\/span><\/p>\n<p class=\"has-text-color has-very-dark-gray-color\"><span style=\"color: #ffffff;\">Teaching Filipinos about money starting in school will give us the discipline on how to value every peso that is coming in our pocket. There\u2019s a lot of talented and skilled Filipinos but they choose to work abroad because they think there are more opportunities outside and they will be paid well. These individuals can even create their own business based on their skills with proper education and money management.<\/span><\/p>\n<p><span style=\"color: #ffffff;\"><!-- \/wp:paragraph --><!-- wp:paragraph {\"textColor\":\"very-dark-gray\"} --><\/span><\/p>\n<p class=\"has-text-color has-very-dark-gray-color\"><span style=\"color: #ffffff;\">These are the reasons why money should be taught in school.<\/span><\/p>\n<p><span style=\"color: #ffffff;\"><!-- \/wp:paragraph --><!-- wp:paragraph {\"textColor\":\"very-dark-gray\"} --><\/span><\/p>\n<p class=\"has-text-color has-very-dark-gray-color\"><span style=\"color: #ffffff;\"><strong>We need to know the difference between legal investment and scam.<\/strong> We have recently heard news about people being scammed because of a high return on investment (ROI) which entices them. As a result, people are afraid to invest even in <a style=\"color: #ffffff;\" href=\"https:\/\/kuyaripot.com\/what-is-vul\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"legal investment  (opens in a new tab)\">legal investment <\/a>because they think it is also a scam.<\/span><\/p>\n<p><span style=\"color: #ffffff;\"><!-- \/wp:paragraph --><!-- wp:paragraph {\"textColor\":\"very-dark-gray\"} --><\/span><\/p>\n<p class=\"has-text-color has-very-dark-gray-color\"><span style=\"color: #ffffff;\"><strong>We choose to loan money than to invest. <\/strong>Most of us think that loan is free money but that truth is we are just delaying the payment. We also have to pay it with interest. It is a practice of delayed burden rather than delayed gratification.<\/span><\/p>\n<p><span style=\"color: #ffffff;\"><!-- \/wp:paragraph --><!-- wp:paragraph {\"textColor\":\"very-dark-gray\"} --><\/span><\/p>\n<p class=\"has-text-color has-very-dark-gray-color\"><span style=\"color: #ffffff;\"><strong>Even professionals get broke. <\/strong>It\u2019s not about our income, it\u2019s about how much we save from our income. We were taught that if you study hard and get a good job, you will be financially successful. It\u2019s not always true. <a style=\"color: #ffffff;\" href=\"https:\/\/kuyaripot.com\/small-expenses-that-makes-our-savings-sink\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Poor spending habit, (opens in a new tab)\">Poor spending habit,<\/a> lack of savings and lack of financial knowledge might cause a financial headache.<\/span><\/p>\n<p><span style=\"color: #ffffff;\"><!-- \/wp:paragraph --><!-- wp:shortcode --><\/span><\/p>\n<p><span style=\"color: #ffffff;\"><script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script> <ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-7180038597860980\" data-ad-slot=\"3904307649\"><\/ins> <script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/span><\/p>\n<p><span style=\"color: #ffffff;\"><!-- \/wp:shortcode --><!-- wp:paragraph {\"textColor\":\"very-dark-gray\"} --><\/span><\/p>\n<p class=\"has-text-color has-very-dark-gray-color\"><span style=\"color: #ffffff;\"><strong>Some teachers don\u2019t know how to manage their finances. <\/strong>Government employees are given a lot of privilege to apply for a loan. As a result, most of them take advantage of it but it eats up their monthly income. <a style=\"color: #ffffff;\" href=\"https:\/\/kuyaripot.com\/teacher-or-financial-advisor-who-should-teach-financial-literacy-to-schools\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Teachers should be financially educated (opens in a new tab)\">Teachers should be financially educated<\/a> so they can be a role model for their students.<\/span><\/p>\n<p><span style=\"color: #ffffff;\"><!-- \/wp:paragraph --><!-- wp:paragraph {\"textColor\":\"very-dark-gray\"} --><\/span><\/p>\n<p class=\"has-text-color has-very-dark-gray-color\"><span style=\"color: #ffffff;\"><strong>We are unaware of government benefits. <\/strong>It should be a part of the curriculum especially for graduating college student to be taught about SSS\/GSIS, taxation, PAGIBIG and Philhealth. In that way, people will not only see it as a tool to file a salary loan but a tool that can supplement their daily needs.<\/span><\/p>\n<p><span style=\"color: #ffffff;\"><!-- \/wp:paragraph --><!-- wp:paragraph {\"textColor\":\"very-dark-gray\"} --><\/span><\/p>\n<p class=\"has-text-color has-very-dark-gray-color\"><span style=\"color: #ffffff;\"><strong>We became materialistic. <\/strong>We are wired to acquire and spend on things. All the advertisement online and on television, encourage us to spend our money on them in return for an item or services. It became worst when social media came in, OOTD\u2019s and selfies encourage us to spend so we can post something online and never miss out on anything.<\/span><\/p>\n<p><span style=\"color: #ffffff;\"><!-- \/wp:paragraph --><!-- wp:paragraph {\"textColor\":\"very-dark-gray\"} --><\/span><\/p>\n<p class=\"has-text-color has-very-dark-gray-color\"><span style=\"color: #ffffff;\"><strong>We think rich people are greedy. <\/strong>Having a lot of money doesn\u2019t have to be a bad thing. I know a lot of rich people who spend most of their money on charities. When we have a certain mindset that rich people are bad and greedy, it prevents us from reaching a wealthy and comfortable life as well. Remember, money is not the root of all evil, it is the love of money.<\/span><\/p>\n<p><span style=\"color: #ffffff;\"><!-- \/wp:paragraph --><!-- wp:paragraph {\"textColor\":\"very-dark-gray\"} --><\/span><\/p>\n<p class=\"has-text-color has-very-dark-gray-color\"><span style=\"color: #ffffff;\"><strong>Our country needs a lot of future business owners. <\/strong>The main contributors of Philippines GDP are coming from BPO sectors and remittances abroad. All of these jobs are created by people outside our country. If we can nurture our next generation to start a business, there will be more jobs. More Filipinos will live a happy life spending most of their time with their love once.<\/span><\/p>\n<p><span style=\"color: #ffffff;\"><!-- \/wp:paragraph --><!-- wp:paragraph {\"textColor\":\"very-dark-gray\"} --><\/span><\/p>\n<p class=\"has-text-color has-very-dark-gray-color\"><span style=\"color: #ffffff;\">Recently, a senator proposes to include financial literacy in school but there\u2019s still a lot of things to do. Other countries like Norway, Sweden and Denmark topped the <a style=\"color: #ffffff;\" href=\"https:\/\/www.theatlas.com\/charts\/VJDhtA8Xe\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Standard &amp; Poor\u2019s Global Financial Literacy Survey (opens in a new tab)\">Standard &amp; Poor\u2019s Global Financial Literacy Survey<\/a> last 2015 and Philippines only rank 115 out of 144 countries with 25% of adults who are financially free.<\/span><\/p>\n<!-- \/wp:paragraph -->\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The Philippines ranked 115th in Standard &amp; Poor\u2019s Global Financial Literacy Survey last 2015. As a licensed teacher and someone who is practicing a profession in the finance industry, I see the importance of linking these two, education and finance. Teaching Filipinos about money starting in school will give us the discipline on how to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[8,12,6],"tags":[],"class_list":["post-513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-cashflow","category-personal-development"],"rttpg_featured_image_url":{"full":["https:\/\/armandmanibo.com\/wp-content\/uploads\/2019\/07\/FINANCIAL-LITERACY-1.png",560,315,false],"landscape":["https:\/\/armandmanibo.com\/wp-content\/uploads\/2019\/07\/FINANCIAL-LITERACY-1.png",560,315,false],"portraits":["https:\/\/armandmanibo.com\/wp-content\/uploads\/2019\/07\/FINANCIAL-LITERACY-1.png",560,315,false],"thumbnail":["https:\/\/armandmanibo.com\/wp-content\/uploads\/2019\/07\/FINANCIAL-LITERACY-1-150x150.png",150,150,true],"medium":["https:\/\/armandmanibo.com\/wp-content\/uploads\/2019\/07\/FINANCIAL-LITERACY-1-300x169.png",300,169,true],"large":["https:\/\/armandmanibo.com\/wp-content\/uploads\/2019\/07\/FINANCIAL-LITERACY-1.png",560,315,false],"1536x1536":["https:\/\/armandmanibo.com\/wp-content\/uploads\/2019\/07\/FINANCIAL-LITERACY-1.png",560,315,false],"2048x2048":["https:\/\/armandmanibo.com\/wp-content\/uploads\/2019\/07\/FINANCIAL-LITERACY-1.png",560,315,false]},"rttpg_author":{"display_name":"kuyaripot","author_link":"https:\/\/armandmanibo.com\/?author=1"},"rttpg_comment":4,"rttpg_category":"<a href=\"https:\/\/armandmanibo.com\/?cat=8\" rel=\"category\">Articles<\/a> <a href=\"https:\/\/armandmanibo.com\/?cat=12\" rel=\"category\">Cashflow<\/a> <a href=\"https:\/\/armandmanibo.com\/?cat=6\" rel=\"category\">Personal Development<\/a>","rttpg_excerpt":"The Philippines ranked 115th in Standard &amp; Poor\u2019s Global Financial Literacy Survey last 2015. As a licensed teacher and someone who is practicing a profession in the finance industry, I see the importance of linking these two, education and finance. Teaching Filipinos about money starting in school will give us the discipline on how to&hellip;","_links":{"self":[{"href":"https:\/\/armandmanibo.com\/index.php?rest_route=\/wp\/v2\/posts\/513"}],"collection":[{"href":"https:\/\/armandmanibo.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armandmanibo.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armandmanibo.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armandmanibo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=513"}],"version-history":[{"count":7,"href":"https:\/\/armandmanibo.com\/index.php?rest_route=\/wp\/v2\/posts\/513\/revisions"}],"predecessor-version":[{"id":1744,"href":"https:\/\/armandmanibo.com\/index.php?rest_route=\/wp\/v2\/posts\/513\/revisions\/1744"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armandmanibo.com\/index.php?rest_route=\/wp\/v2\/media\/514"}],"wp:attachment":[{"href":"https:\/\/armandmanibo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armandmanibo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armandmanibo.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}