The Philippines ranked 115th in Standard & Poor\u2019s Global Financial Literacy Survey last 2015.<\/p>\n\n
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<\/span><\/p>\nTeaching 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<\/span><\/p>\nThese are the reasons why money should be taught in school.<\/span><\/p>\n<\/span><\/p>\nWe 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 legal investment <\/a>because they think it is also a scam.<\/span><\/p>\n<\/span><\/p>\nWe 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<\/span><\/p>\nEven 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. Poor spending habit,<\/a> lack of savings and lack of financial knowledge might cause a financial headache.<\/span><\/p>\n<\/span><\/p>\n