BUSINESS AND FINANCE

Empowering the Next Generation: A Collaborative Push for Financial Literacy in Philippine Schools

BDO Foundation

In an increasingly complex financial world, equipping the youth with essential money management skills is more crucial than ever. That’s why a significant initiative is underway in the Philippines, encouraging teachers nationwide to integrate financial literacy into their lessons. This isn’t just a suggestion; it’s being made incredibly accessible through free, ready-to-use teaching resources.


Unpacking the Partnership: BSP, DepEd, and BDO Foundation Lead the Way

This nationwide effort is the fruit of a powerful collaboration between three key players: the Bangko Sentral ng Pilipinas (BSP), the Department of Education (DepEd), and the BDO Foundation. Their combined expertise has resulted in a robust set of educational tools designed to make financial concepts relatable and actionable for Filipino students.

What’s available? More than 300 lesson exemplars and 10 engaging financial education videos are now readily accessible on the DepEd Learning Portal. These resources are perfectly aligned with the K-12 curriculum, meaning they can be seamlessly incorporated into both classroom instruction and co-curricular activities.


Key Topics and Broader Impact

These comprehensive learning materials cover a spectrum of essential financial topics, including:

  • Saving strategies
  • Effective budgeting
  • Practical financial planning
  • Crucially, how to avoid financial scams

This initiative doesn’t just benefit individual students; it also plays a vital role in supporting the BSP’s National Strategy for Financial Inclusion and DepEd’s broader goal of promoting financial education as a key life skill. By fostering financial responsibility from a young age, the program aims to cultivate a generation of informed and empowered economic citizens.


BDO Foundation: A Driving Force in Financial Education

A significant contributor to the development of these invaluable resources is the BDO Foundation, the corporate social responsibility arm of BDO Unibank Inc. The Foundation has been instrumental in producing these materials, demonstrating their commitment to nurturing responsible financial decision-making from early childhood.

As BDO Foundation President Mario A. Deriquito aptly puts it, “Teachers are our strongest allies in building a financially responsible generation. We created these tools to make it easier for them to teach money skills in the classroom without the need to develop materials from scratch.” This highlights the practical support offered to educators, removing barriers to implementation.


A Shared Commitment: Looking Ahead

The commitment to this vital cause was further solidified on January 8, 2025, during a courtesy meeting at the DepEd Central Office in Pasig City. Department of Education Secretary Sonny Angara and BDO Foundation President Mario A. Deriquito reaffirmed their shared dedication to financial education, even sharing a warm handshake as a symbol of their strong partnership.

During this meeting, Bangko Sentral ng Pilipinas Deputy Governor Bernadette Romulo-Puyat, Secretary Angara, and President Deriquito also held the memorandum of agreement, underscoring their unified effort to boost financial literacy among K-12 learners, teachers, and even DepEd personnel. Secretary Angara specifically vowed to intensify the dissemination of these valuable learning materials, particularly the lesson exemplars and videos.

The BDO Foundation, established in 2008, continues to contribute to nation-building through various programs, including financial inclusion, disaster response, and community rebuilding. Their dedication, supported by the BDO Unibank community and in partnership with local government units and NGOs, truly makes a difference across the country.

For more information, visit www.bdo.com.ph, e-mail bdo.foundation@bdo.com.ph or call 8840-7000 local 36046


This collaborative effort represents a significant step forward in building a more financially literate future for the Philippines. What are your thoughts on integrating financial education into the core curriculum? Share your perspectives in the comments below!

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