• Youth urged to make it a habit to save

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    THE Department of Education (DepEd) and the Bangko Sentral ng Pilipinas (BSP) are reminding students of the importance of making savings a habit so they could have something to count on in times of need.

    “Our students should not underestimate the impact of saving loose change and excess coins from their daily allowance. If they make it a habit, without realizing it, they may have already saved enough to buy what they want or need,” Education Secretary Armin Luistro said, adding that they want to inculcate the habit of saving in Filipino schoolchildren.

    The nation marks National Savings Consciousness Week from June 30 to July 6, 2013.

    For his part, BSP Governor Amando Tetangco Jr. reminded the youth to deposit their savings in a bank where it is safer and can earn interest.

    In 2007, the DepEd, BSP, and the Ateneo de Manila University launched a financial literacy project in public elementary schools.

    The first component of the project was the development of teaching guide and training teachers on basic financial and economic concepts relating to savings.

    The second component was the development of teaching materials that enable teachers to integrate the concepts in the curriculum.

    The education department and the BSP have earlier successfully concluded the “Tulong Barya Para sa Eskwela” where loose change were collected for school projects. The campaign has generated P15 million.

    Luistro said school children have a key role in nation building by being agents of change in the family and in the community.

    “But this can only be possible if we teach them early on the Filipino values of being thrifty,” he said.

    NEIL A. ALCOBER

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