Monday, December 27, 2010

Sustaining Gained Grounds on the Way to Financial Freedom (Tuloy-tuloy Tungo sa Kalayaang Pinansyal)

Ni:  Gilbert M. Forbes

Sadyang mahirap at punung-puno ng hamon ang landas tungo sa Kalayaang Pinansyal lalo na kung isa’t kalahating dekada ka ng guro, empleyado o manggagawa.  Ang paglaya pa lamang sa pagkakautang ay isa ng napalaking pagsubok na tila ba imposibleng ipasa lalo na kung iisipin na kung minsan ay parang hindi yata nakikisama ang panahon tulad ng biglaang pagkakasakit sa alinman sa kasapi ng pamilya at iba pa.

Subalit sa kabila ng lahat ng ito, ang pinakamahalaga ay ang dalisay na hangarin at pagnanasa na makalaya sa kakapusan sapagkat sa huli, kung magiging mabuway tayo sa gitna ng mga pagsubok ay lalo lamang lalala ang sitwasyon at lalambong ang panginurin ng isang maaliwalas na bukas para sa atin.

Sa pagkakataong ito ay dapat mahalagang bantayan natin ang ating disposisyon sa mga bagay na maaaring magpahina sa ating pagnanais na makalaya sa kakapusan at bagkus at magpatianod na lamang sa tinatawag nilang agos at gulong ng buhay na kung tutuusin ay pawang tayo ang may kontrol.  Ilan sa mga ito ay ang sumusunod:
  • Impluwensya ng kapwa lalo na ng mga kaibigan, katrabaho at kaanak- Halimbawa nito ang kuwento ni Berto na nagsimulang magtanong sa sarili kung tama nga ba ang kanyang nilalandas ng mabasa ang aklat na Pera Mo Palaguin Mo (Wealth Within Your Reach) ni Francisco J. Colayco noong huling bahagi ng 2005.  Pano ba naman, tatlong libo na lamang ang neto ng buwanang sahod na kanyang tinatanggap kaya nagpasya syang subukan at tila nagtagumpay naman sya.  Nabayaran nya ang mga pangunahing pagkakautang at tumaas ang buwanang neto sa mahigit sa walong libo at nagsimula ng makaipon hanggang sa siya ay magpakasal noong 2008 sa isang babae tulad nya ay praktikal din.  Pinagpasyahan nila na pinakasimple lamang ang kanilang kasal at hindi lalampas sa Php50,000 ang kanilang gagastusin upang hindi na sila mangutang pa ng panghanda subalit dahil sa impluwensya ng mga kaanak, kaibigan at mga katrabaho ay hindi ito nangyari.  “Minsan lang kayong ikakasal,” anila.  Sa medaling salita, naubos ang inipon at nagsimula silang may utang na nadagdagan pa dahil sa ceasarian hospitalization ng isilang ang kanilang panganay.  Hanggang sa kasalukuyan ay binubuno pa rin nila ang mga pagkakautang na ito na inaasahan nilang matatapos pa sa 2015 kasabay ng pagsiguro sa edukasyon ng kanilang panganay at ng kanilang buhay at kalusugan.   Isa lamang ito sa mga halimbawa ng mga impluwensya ng mga taong malalapit sa atin.  Nandiyan pa ang mga biglaang gimikan tulad ng mga party, buying spree, fashion, at iba pa.  Malimit sa hindi, sila ang una-unang kukumbinse sa atin na bumili ng ganito, kumuha ng ganito tulad nila.  
  • Kultura at Pagpapahalaga-  Ang nabanggit na halimbawa sa itaas ay masasabi ring impluwensya ng kultura at pagpapahalaga.  Kasal, Birth Day, Piyesta, Pasko, Bagong Taon, Araw ng mga Puso, Mayuhan.  Lahat ng ito ay ating pinaghahandaan at ipinangungutang, para kanino? 
  • Ang pagnanais na maging katanggap-tanggap, in at kung minsan bida o pupolar-  Dahil nais nating walang masabi sa atin ang ating kapwa at tayo ay nakikisama, umaayon na lamang tayo sa agos.
  • Media, Materyalismo at Komersyalismo-  kung dati rati radio lang at bibihira ang may TV, ngayon, ordinaryo na lamang ito sa bawat tahanan.  Hindi na lamang natin naririnig kundi nakikita pa natin ang napakaraming produktong ipinopromote.  Media now dictates how we would dress, eat and even breath!  How willing are we to be dictated and influenced?
Sa lahat ng ito, ang ating lubus-lubosang pagnanais na makalaya sa kakapusan at marahil, ay maging iba sa nakararami ang magtatakda kung hanggan saan tayo lulugar.

Ngunit higit sa lahat, napakaganda ring balikan at alalahanin ang ipinangako, plano at tagubilin sa atin ng ating Panginoon.

 “For I know the plans I have for you," declares the LORD, "plans to prosper you and not to harm you, plans to give you hope and a future.”- Jeremiah 29:11

“Let us not become weary in doing good, for at the proper time we will reap a harvest if we do not give up.”  Galatians 6:9

Thursday, December 23, 2010

A Perfect Christmas Gift We Can All Give

By Gilbert M. Forbes

Everybody is thinking of the perfect gift for this Christmas.  It could be a gift for God-children, nephews, love ones, siblings, parents, friends and other relatives including self.

But this Holiday Season, more than anything else we seem to forget that other than the ordinary, there is the extraordinary which needs our gift the most.  It’s we, God and our country needing a different kind of gift.  Particularly now that Christmas season have become highly commercialized and materialized-- totally separating from its real meanings which emanated from its very humble but holy and glorious beginning which actually jumpstarted men's salvation from weakedness and sins

It is the gift of wisdom.  Too few have this gift for if the majority has, then we don’t have this kind of society—insensitive, corrupt, and morally bankrupt   Christ our Lord and country need a different kind of gift too.  Christ our Lord needs the gift of genuine following not lip-service and seasonal worship.  For after all those who is following Him truly as what the scriptures say are the only persons who could be worthy called Christians.  The rest could be considered pagans or secular individuals.

Our country needs true following and a love second to God.  Many times we focus and stick too much to the family that we forget ourselves, country and God.  Many times, the families as the center proves to be very much detrimental for it becomes the root cause of dependence, corruption, of high tend individualism and insensitivity towards national patrimony, genuine social progress and development.

This time of season, more than the ordinary, why not try to give ourselves as gift to our Gods and country and it will multiply a thousand fold for as the scriptures say “Seek ye first the kingdom of God and His righteousness and all these things shall be added unto you.”

We dream of making the Philippines worthy of being labeled as the only Christian nation in the far east.  MERRY CHRISTMAS!

Tuesday, December 21, 2010

Ang May Madudukot Ay Ang May Isinuksok

Sadyang mahirap ang umiwas sa kaway ng materyalismo.  Kung wala kang tiyak na layuning pampinansyal, tiyak na imbes na mauna ang pagbabayad sa pagkakautang ay siguradong mapupunta ito sa mga produktong in lalo na sa panahon ng kapaskuhan.

Sa pagpasyal pa lamang sa mga shopping malls at iba pang mga pamilihan ay naghambalang ang mga bargains.  LCD televisions, laptop at netbook computers, china phones, querty branded phones, damit, sapatos, pagkain, at iba pang mga produkto.

Ako mismo ay natutuksong lumiban na muna sa pagbabayad ng utang upang bumili ng mga kagamitang pantahanan na sinasabi at idinidikta ng aking isipan na kailangan naman.  Halimbawa na lamang ay bagong sala set, dress closet, cooking rack, at bagong touch screen cell phones.  Wala pa kase kaming sala set at pati bagong kurtina ay kelangan din.  Kelangan ding dagdagan ang dining chairs at bumili ng bagong unit ng cell phone para may contact sa bahay.

Nakakatukso ngang gamitin na ang credit cards namin sapagkat may mga offers na sa March pa ng darating na taon ang simula ng pagbabayad.  Ngunit hindi puwede ang magpadalus-dalos sapagkat 25% ang monthly deficit ng monthly income para sa monthly expenses na napupunan lamang ng mid-year bonuses at iba pang incidental cash incentives.

Pero sa lahat ng ito, lutang na lutang ang katotohanan na madali ang mangutang ngunit napakahirap magbayad. Lubhang napakahalaga ng katotohanang mas dapat mauna ang pag-iimpok sa pinakamabilis na paraan na dapat samantalahin ng mga wala pang utang at bago pa lamang sa larangan ng paghahanapbuhay o pagkita ng pera.

Sa ganang amin na matagal na at ang nauna ay ang pagkakamal ng utang at hindi ng impok, ay ang makalaya sa pagkakautang sa pinakamabilis na paraan.

Sadyang mahirap, at maituturing na nakakahiya, o nakakaalangang isipin na ang iba ay nakabibili ng nais nila kahit na kung minsan, eh mas angat ang ating mga hanapbuhay at mga sweldo pero sa panahon ng krisis at biglaang pangangailangan, ang tanging may madudukot ay ang mga may isinusksok.

Sunday, December 12, 2010

Seven Ways to Avoid Bad Debt (Pitong Paraan ng Pag-iwas sa Masamang Utang)

Sa mga naglipanang produkto ngayon at sa pagnanais nating maging -in sa barkada at sa lipunan, marami sa mga nagsisimula pa lamang na kumita ng pera ang dahan-dahan nang lumulubog sa pagkakautang at kakapusan ng hindi nila namamalayan.  Marami ang hindi pa panahon ng sahod ay kailangan ng mag-cash advance o kaya’y isanla ang kani-kanilang ATM Cards na usung-uso ngayon sa mga pabrika at mga pribadong kumpanya.  Ang mga datihan namang  may pagkakautang at babago pa lamang nakalalaya rito ay ganun din.  Bigla nilang namamalayan na may utang na naman sila na kailangang bunuin at pagsikapang bayaran.  Malimit dahil sa mga gastusing hindi pana-panahon at hindi naman maituturing na biglaan tulad ng tuition, panghanda sa birth day, reunion, paskuhan at iba pa.

Upang huwag mabulid at matukso sa utang, makatutulong ang sumusunod na tips o mungkahi sa bawat isa atin.

  • Magbasa, mag-aral, at bumili muna ng mga aklat tungkol sa Financial Literacy bago ang pagporma at mga gadgets.  Sa oras na magkatrabaho tayo at magsimulang kumita. Unahin agad ang magtabi o mag-impok at pagbili ng mga aklat tungkol sa kahalagahan ng Financial Literacy, at Personal Finance upang magkaroon ng kaalaman kung paano at bakit kailangang lumaya sa kakapusan.
  • Panatilihin ang dating uri ng pamumuhay at paraan ng paggastos na tulad noong wala pang trabaho. Bilhin lamang ang mga pangunahing pangangailangan sa tahanan.  O kung nakatira pa rin sa magulang, share sa pagkain at iba pang gastusin sa bahay at itabi na lahat ang matitira.
  • Magbudget at maghanda ng tinatawag na irregular expenses account o listahan ng mga gastusing pana-panahon kung dumating tulad ng pagbabayad ng tuition, pagbili ng mga uniporme at mga gamit pampaaralan, Pasko, Birth Day, Valentines Day, Anniversaries, at iba pa at isama na ito at paglaanan upang maiwasan ang pangungutang sa panahon na ang mga ito ay kakailanganin.
  • Huwag matoto o maingganyong mangutang.  Iwasan at ituring ang utang bilang isang nakahahawa at nakamamatay na karamdaman.  Tandaan na lahat ng utang ay masama kung ito ay nagiging dahilan upang mabawasan ang inyong kita at halaga ng ari-arian o asssets.  Umutang lamang kung gagamitin sa isang negosyo na siguradong kikita.
  • Huwag kumuha ng isang bagay na pahulugan o mangutang para lamang bumili ng isang bagay tulad ng mga alahas, gadgets, damit, mga kasangkapan sa bahay at iba pa.
  • Panatilihin ang budget sa dating antas kahit na tumaas na ang buwanang suweldo dahil sa mga nabayarang utang, o umento at ibulid ito sa mga nalalabi pang pagkakautang o kung tapos na ay impokin upang lumago sa pinakamabilis na paraan.
  • Huwag padalus-dalos at paimpluwensya sa tukso ng materyalismo at ng kapwa at ituon lamang ang tingin sa layuning makalaya sa kakapusan sa pinakamabilis na paraan.
  • Maging simple at huwag mag-astang mayaman.  Sa ngayon, hindi pinag-uusapan sa mataas na lipunan kung anong mga mamamahaling gamit meron ka kundi una muna rito ang uri at laki ng iyong mga investments.
Tandaan, na malaki ang tulong na magagawa sa atin kung tayo ay walang masamang pagkakautang sapagkat iwas isipin din bukod pa sa mas mapapabilis ang ating pag-iimpok.

Maaari ring tunghayan ang sumusunod:

Basics on Personal Finance






Tuesday, December 7, 2010

Eight Steps to Get-out of Bankruptcy and Debt (Walong Paraan ng Paglaya sa Pagkakabaon sa Utang)

Matapos nating malaman ang ating net worth batay sa inihanda nating Statement of Assets and Liabilities, ay ang plano naman tungo sa kalayaang pinansyal ang nararapat ihanda batay sa uri o antas ng pamumuhay na ating gusto.  Pero paano kung lumabas na negatibo ang net worth at tayo ay kabilang sa mga financially bankrupts?

Ito ang pinakamalaking hamon dahil imbes na makapagsimula (start-up)  na agad tungo sa pag-iimpok at pagpapalaki ng kita (increasing passive income) ay ang pagbabayad ng mga utang muna ang kailangang bunuin.  Sa ganitong sitwasyon, makabubuting balikan ang mga naging kadahilanan ng pagkabaon sa utang upang huwag na itong maulit pa.

Ang tanging dapat tutukan ng lahat ng nasa ganitong antas pinansyal ay ang mabayaran ang lahat ng pagkakautang sa pinakamabilis na paraan.  Malibang mabayaran muna lahat ang pagkakautang, hindi  puwedeng magsimula ng pag-iimpok maliban sa pang-emergency dahil hindi ito praktikal.  At upang makalaya sa ganitong sitwasyon, iminumungkahi ang sumusunod:

  • Magbudget kasama ang pamilya at gawing mulat sila sa inyong katayuang pinansyal upang makatulong sila sa pagtitipid at paggawa ng paraan kung paano mabilis na makakalaya sa hamong ito.  Tandaan, ang pagsasabi ng tapat ay pagsasama ng maluwat.
  • Strictly monitor your daily expenses upang malaman ang pattern ng paggastos sa araw-araw at malaman kung alin sa mga ito ang puwedeng itigil upang mabawasan ang gastusin at maidagdag bilang pambayad sa utang.
  • Bilhin lamang at paglaanan ang talagang kailangan.  Hindi naman tayo mamamatay kung walang bagong cell phone, telebisyon at computer.
  • Bayaran ang utang sa pinakamabilis na paraan at unahin ang may pinakamataas na pataw na interes.
  • Makipag-areglo sa mga pinagkakautangan upang mabigyan ng amnestiya.  Makatutulong ito ng malaki upang mapababa ang interes at maiangkop ang pagbabayad ayon sa nalalabing kakayahan.  Siguraduhin lamang na makasusunod sa pinasok na kasunduan upang hindi ito maging dahilan ng lalong malalang suliranin.
  • I-renew lamang ang mga utang na may mababang interes na hindi lalampas sa 10% tulad ng sa PAG-IBIG, GSIS, SSS at iba pa ngunit para mabayaran lamang ang mga pagkakautang na may matataas na interes.
  • Siguraduhing hindi papalya sa pagbabayad ng utang sa PAG-IBIG, GSIS, SSS at iba pang nagpapautang na may mababang interes sapagkat hahatawan ka naman ng mga ito sa penalty at surcharges. Higit sa lahat, iwasan ang maging in-default sa pagbabayad sapagkat mawawala ang insurance ng inyong utang at madadamay ang inyong naihulog pati na ang kinita nito.  Ito ang dahilan kung kaya marami ang walang natatanggap sa panahon ng biglaang pagyao dahil kulang pang ibawas sa kanilang utang ang benepisyong dapat sana ay mapapakinabangan ng mga naiwan.  Makatutulong na basahing mabuti ang kasunduan sa pag-utang at unawain itong mabuti o magtanong kung may mga bagay na hindi nauunawaan.
  • Protektahan at isiguro ang sarili sampung ulit ng kabuuhang gastusin sa isang taon plus ang kabuuhang halaga ng lahat ng pagkakautang.  Siguruhing kasama sa gastusin ang buwanang bayad sa mga pagkakautang).  Ito’y anu’t-ano man ang mangyari ay hindi magiging kawawa ang pamilyang maiiwan.

Sa sandali lamang na tayo ay makalaya sa negatibong networth at mga pagkakautang ay doon lamang tayo makapag-iimpok na syang simula ng landas tungo sa kalayaan sa kakapusan.  

Tara na kapatid at sama-sama nating paunlarin ang mga biyayang bigay sa atin ng Maykapal hindi lamang para sa ating pamilya kundi higit sa lahat, sa mga tunay na dukha at nangangailangan ng ating pagdamay.

Sunday, December 5, 2010

Deped celebrates 2010 Education Week

“Edukasyon, Tungo sa Tapat na Pagbabago at Pag-unlad,” is the theme of the 2010 Education Week Celebration of the Department of Education held Dec. 6- 10 nation wide.

According to DepEd Memo No. 491, s. 2010 released by the central office last Friday, the celebration aims to reaffirm and emphasize the role of education in empowering and developing the young to become productive citizens of the country and responsive to the needs of the times; strengthen cooperation among stakeholders in education to support the necessary and significant changes to achieve quality and relevant education and inspire every educator to do more for the schoolchildren to ensure their future.

All school officials are encouraged to conduct simple and austere programs and activities consistent with the theme and objectives of this year’s celebration during the week while regional directors and schools division superintendent are enjoined to take active lead in it.

Part of the suggested activities are simultaneous flag raising and inspirational talk of highest official present, putting-up of bazaars or tiangge, seminar, training workshops, team building for teachers and students, exhibits of outstanding achievements, academic and co-curricular contests, tree planting, tree growing and tree-caring activity, run for education funds collected will help in renovating school buildings destroyed by typhoons, Brigada Eskwela Plus, Balik Paaralan (The Supreme Student Governments and School Pupil Governments officers will serve as teachers to out-of-school youth, street children,  and others.  They may give books, papers, pencils, pens and other school materials) and Pasko Na! (Schools and Offices will conduct a pre-Christmas activity like gift-giving.  Beneficiaries should come from poor communities, orphanages and others.

Any of the said activities however are not suppose to disrupt classes so necessary arrangement should be made, DepEd emphasized in its memo.

Saturday, December 4, 2010

SALN Preparation: Basis of Knowing How Financially Healthy or Un-healthy We Are (Being Truly Rich: Third Part in a Series)

Ni:  Gilbert M. Forbes
DepEd QUEZON, CALABARZON 

Sa ikalawang serye, nalaman natin na na ang kayamanan o paglaya sa kakapusan ay ang pagkakaroon ng salapi na pangtustos sa oras ng ating pangangailangan. Ang ating pangangailangan sa araw-araw ang magtatakda kung ano ang sapat na kayamanang akma para sa atin. Ang ating pangangailangan sa araw araw ay dapat iakma sa ating kakayahan. Dapat tayongmamuhay kung ano lamang ang ating kaya.  Ito ang tinatawag na simpleng pamumuhay na maituturing na malayo sa masyado ng materyalistikong uri ng pamumuhay ngayon.

Pero pano tayo magsisimula.  Nasaan na nga ba tayo kung ang paglaya sa kakapusan ang pag-uusapan?  Upang malaman natin kung nasaan na nga ba tayo financially ay kailangan nating malaman una-una ang ating net worth.   Ang net worth o kabuuang halaga ng ating pera at ari-arian minus lahat ng uri ng pagkakautang.  Ang net worth ay nakikita sa yearly Statement of Assets and Liabilities (SAL) na ating inihahanda.  Kaya mahalaga na maihanda ito ng tama kahit na ordinaryong tao lamang tayo at walang back ground ng accounting.

Lahat ng nagnanais lumaya sa kakapusan ay dapat na naghahanda nito.  Narito ang ilang bagay na dapat maunawaan sa paghahanda ng ating SAL.  Steps in the preparation of SAL.

1.  Alamin ang kabuuang halaga ng ari-arian sa pamamagitan ng paglilista at pagsasama-sama ng kabuuhang halaga ng lahat ng ito na maaaring kapaluuban ng sumusunod:
    • Raal Properties like House and lot, land, residential lots, agricultural lands, buildings, and the like either mortgaged or fully paid
    • Personal properties e.g. car, jewelries, books, clothes, CD/VCD/DVD collections, toys, antiques, home appliances and utensils, cell phones, computer either desktop, laptop or net book, home furnishings, etc.
    • Bank savings accounts and time deposits 
    • Private and government insurances and pre-need plans cash surrender values
    • Stocks, equity or share capital in cooperatives, corporations, or partnerships
    • Mutual Fund like PAG-IBIG and MATMAS, total contributions or equity paid.  Pangkalahatang share sa nabanggit na mga mutual aide systems.
    • Trust funds like that of GSIS and SSS pension fund, private pension or retirement funds.
    • Money Market placements e.g., shares of stocks in the stock market, mutual investment funds, etc.  Ito ang mga perang naka-invest saping puhunan sa malalaking korporasyon bilang isang stocks holder na maaaring tulad ng MERALCO, PLDT, ABS-CBN, SAN MIGUEL atbp.
    • Receivables, advance deposits or payments on leases, royalties.  Mga perang tatanggapin pa lamang bilang kabayaran sa mga pautang, mga paupahan, at iba pa
2. Alamin ang kabuuang halaga ng lahat ng pagkakautang na maaaring kapaluuban ng sumusunod:
    • Personal Loans.  Ito ay kinapapalooban ng pagkakautang sa iba’t-ibang tao, ahensya at iba pa maliban sa mga bangko, credit cards, GSIS, SSS, at PAG-IBIG
    • GSIS, SSS and PAG-IBIG loans
    • Bank Loans
    • Credit Card Payables
    • Mortgage payables e.g., house and lot or car.  Tinutukoy nito ang kabuuhang natitira pang bayarin alinsunod sa haba ng panahon ng pagbabayad na napagkasunduan
    • Policy Loans to different insurance and pre-need companies
    • Remaining premiums payables of all insurances either life, accident, memorial, and others
    • Remaining premiums of pre-need plans like term retirement plans, memorial plans, educational investment plan, health care plans, etc.
3. Matapos na makuwenta ang kabuuhang halaga ng mga ari-arian at mga pagkakautang o liabilities, ibawas ang liabilities sa assets.  Ang resulta negatibo man o positibo ay ang ating net worth.

Ang ating net worth ang magsisilbing batayan ng ating plano o naisin upang tuluyang makalaya sa kakapusan.  Makatutulong nang malaki kung babalikan ang mga salik na hindi nakatulong upang maiwasan at tuluyan na itong matigil samantalang maipagpatuloy naman at lalo pang mapabuti ang mga salik na nakatulong.

Ang paglaya sa kakapusan ang katuturan kung bakit tayo kumakayod bukod sa layuning matugunan ang ating mga pang-araw-araw na pangangailangan dahil kung hindi, ay ano pa ang maiututuring na kabuluhan ng ating pagsusumikap.

Maaari nyo ring basahin ang sumusunod:

Ang Tunay na Mayaman ((Being Truly Rich: First in A Series on Financial Literacy and Personal Finance)

Being Truly Rich: Gaining Financial Freedom (Paglaya sa Kakapusan) Second Part in a Series

Eight Steps to Get-out of Bankruptcy and Debt (Walong Paraan ng Paglaya sa Pagkakabaon sa Utang)

Seven Ways to Avoid Bad Debt (Pitong Paraan ng Pag-iwas sa Masamang Utang)

Sustaining Gained Grounds on the Way to Financial Freedom (Tuloy-tuloy Tungo sa Kalayaang Pinansyal)  

Tuesday, November 23, 2010

Keeping Away With Spending Spree Every Christmas Season

By:  Gilbert M. Forbes
Financial Wellness, Stewardship and Financial Literacy Advocate
DepEd CALABARZON

Keeping away with spending spree every Christmas season is challenging budget and financial wise individuals once more.  Stores are really keeping up with the time when bonuses are released to all salaried workers and employees both government and private- making their displays more mouth watering and extremely tempting than ever.
PHOTO courtesy of http: ant.sillydog.org

Shelves are updated with new and trendy items particularly tech and gizmo stores. These stores have even partnered with credit card companies to allure customers of buying their new models of cell phones, computers, high resolution and dynamic LCD television sets, etc.  One wouldn't be exempted of thinking of buying one of these to replace their ancient gadgetries for those who have long settled to surplus items like me.

To others who are riding with the craze of always embracing whatever is new on a yearly basis will certainly not be left behind starting from their trendy already cell-phones.  But to those who are already awaken and have already decided to prepare for a financially independent life, how could they escape the temptations?  Here are the tips.
  1. If you have a debt, think of paying it first.  If you can pay it in full, better.  It will free you from a lot worries and stress in the future.
  2. If you have no debt, save and start increasing your passive income as fast as you can.  Or start a small business.  One can start a business even from a Php500 capital. What more Php5 000 to 10 000.  Financial experts are saying that bonuses and other financial rewards salaried workers receive every Christmas season are not categorized as active income as such, they are suggesting that it should not be spent and should go directly as savings.  But since we just learned it, we could settle saving at least 20- 50% of it.
  3.  Budget and stick to it.  Budget is the  lists of things to buy for a given time or season like Christmas..  List down only things that are really needed.  Review the budget two to three times for the last minute changes.  There is no more rewarding for any individual if he/she is always successful in sticking with her monthly budget. It is a part of self-restrained and discipline.
  4. Always think of the end in mind as the best selling author of 7 Habits of Highly Effective people, Stephen Covey says.  When you think of the end in mind, you are thinking of the future that you want for your self and your family.
  5. When temptation to buy and to be in, tickles or tempting your mind, ask only this question, Do I or we really need it? If we need it, can we still post phone having it?  If not, in what degree will it benefit us the most considering our financial standing?
At present, many just ride on the craze.  I just can't imagine that many will stumble on buying a laptop, a netbook or a wi fi ready cellphones when all they know is texting.  Or they are not engage into any industry except on-line gossiping, chit chat or tit for a tat.  It is just disgusting at times to meet and know people owning expensive cellphones but most of the time have no loads and are asking for pasa load.

I also know a lot of high-end cell phone owners who don't use their cell phones to the max because they are simply ignorant of its features.  That it could be used to store and play music and video as an mp3 or ipod can do.  That it can be used as a walk man or radio tuners.  That it could be connected to their stereos for more easy listening pleasure.  That it can record and take videos and more!  That they no longer need to buy doodles or USB sticks to connect to the broadband internet because 3g cell phones could be used as modems.

We'll one individual I know just bought a new MP4 player, an amplified speaker and a radio tuner!  He later bought a broad band USB stick or doodle and is planning to apply for a wifi connection in their area where even 3G signal is non existent.  The said individual has no life insurance,and a bank savings account that earn interest.  No other assets as well except for his gizmos and gadgetry, some jewelries and elegant fashion clothes.  We'll he drives a brand new company car and resides (as a care-taker) in a condo unit of a relative working over seas.

Though occasionally returning from his home province, in a tiny coconut and rice planting villages, he just developed an inner dislike to mud and dirt.  The way he speaks suddenly changed too with the full accent of a traditional manileño.  May be as an influence of dwelling in a city, it could be that his mind was infected by its pollution.

Saturday, November 20, 2010

Principal's Should Be Effective Managers- Luistro

Department of Education Secretary Armin Luistro has callеd on all principals to bе morе proactivе in managing schools bеcausе studеnt performance is a reflection of how wеll thе principals perform thеir job.  (this article is lifted from www.depedteacher.blogspot.com)

Spеaking during thе Principals’ Forum of thе National Capital Region – Philippine Еlеmеntary School Principals’ Association (NCR-PЕSPA), Luistro likеnеd thе principals to his trustеd captains manning thе frontlinеs: “If wе wеrе in a battlefield, you arе in thе trеnchеs, in thе thick of battlе еgging your soldiеrs to fight on. You arе thе first linе of dеfеnsе who havе thе fееl of thе tеrrain, thе full grasp of thе situation and who know thе capability of your еvеry soldiеr.” Thе forum aimеd to enhance thе qualitiеs of principals as school managers who arе rеsponsiblе for thе learning outcomе of studеnts.

Luistro strеssеd that hе and othеr DеpЕd officials cannot not takе crеdit for what truly bеlongs to thе principals’ - thе direct management of schools. “Wе can only sеt thе dirеction and providе thе vision, support еndеavors and drеams. But it is thе principals who arе truly responsible whеn it comеs to school outcomеs and who dictate thе tempo of progress in thеir rеspеctivе placе of assignments.” PЕSPA is a national association of Elementary school hеads which supports Deped’s programs and activities.

To datе, thе secretary has alrеady visitеd 25 schools unannouncеd. Hе would sit at thе back row and obsеrvе how thе teachers conduct classеs and if thе students connеct. This is part of his unorthodox way of monitoring thе statе of public schools and how thеy arе bеing run by thе school hеads. His school visits also allow him to sее know how first hand thе resource gaps that nееd to bе urgеntly addrеssеd.

“In еight of my tеn visits, I must admit that I am inspirеd by what I saw and еxpеriеncеd whilе obsеrving from thе back row. But thеrе wеrе also sad storiеs that makе my hеart sink,” Luistro sharеd.

Luistro said that principals should not bе confinеd in thеir officеs but out in thе schools whеrе thе action is. “Principals, who just stay in thеir officеs and do not pеrsonally monitor thе situation in thеir rеspеctivе schools, do not transform Philippine education.
  • Thе principals should bе doing thе rounds,
  • inquiring on thе nееds of thе tеachеrs,
  • fееling thеir inadеquaciеs, 
  • sharing thеir joy and 
  • sympathizing in thеir griеf 
 bеcausе principals should bе on top of everything that happеns in thе school,” hе addеd.

Luistro еxplainеd that principals should possess thе capability to translatе thе vision of thе dеpartmеnt into rеality, of translating plans into action.

An eternal optimist, Luistro said that, “I always want to sее and draw out thе bеst in еvеryonе. To maximizе thе potеntial of thе young students, wе should also maximize thе potеntial of thе teachers and thе principals.”

Thе department is pushing for thе adoption of thе national competency-based standards for school hеads;
  • thе administration of thе national qualifying examination for principals; 
  • thе development and implementation of programs to еnhancе thе managerial and leadership competencies of principals;
  • thе downloading of thе maintеnancе and othеr operating еxpеnsеs; and 
  • thе allocation of rеsourcеs basеd on nееds.
Deped sееs that education reforms can only happеn if thе principals arе handson. Thеy should also ablе to inspirе thеir constituеnts, to еnеrgizе thе pеoplе bеlow us and еarn thе rеspеct of thosе abovе thеm. “Principals should bе ablе to corrеct, to еncouragе, to sеt thе standard and to livе by еxamplе,” Luistro еxplainеd.

Hе addеd that asidе from school administrators, thеy should also bе thе “dirеct link to thе community who will opеn thе door for morе stakеholdеrs to invеst in public еducation. Thеy should bе ablе to еngagе thе local dеcision-makеrs, thе private sеctor, thе non-government organizations so that thеy can bе our partnеrs in achieving our school improvement plans.”

All of thеsе arе thе essence of School Basеd Management. “Thеsе arе part of DеpЕd’s vision to makе principals not just educators, but еffеctivе managеrs as wеll,” hе said.

Luistro also noticеd thе fast turnovеr of principals, which to him is not thе idеal situation. Hе wants to push that bеginning nеxt yеar, thе tеrm of thе principal should not bе lеss than thrее yеars but not morе than fivе yеars.

“Wе havе to givе our principals еnough timе to еnablе thеm to fully implеmеnt what thеy havе sеt out to do and maybе еnjoy thе fruits of what thеy havе sown. Lеt us givе our principals thеir momеnt to еnjoy thе dividеnds from all thеir physical, intеllеctual and еmotional invеstmеnts,” furthеrеd Luistro.

“Malaki ang tiwala ko sa aking principals. (I havе grеat trust to my principals.) I еntrust you thе teachers and thе studеnts. Parents entrust you thеir childrеn. Thе nation еntrusts you thе futurе. Tiwala ako na hindi nyo ako bibiguin, (I am confidеnt that you will not fail mе.) bеcausе you arе thе department,” said thе Deped chiеf.

(Reposted from an original article as described in the link entitled, Principal Performance: 8 out of 10 rated Inspiring on Unannounced Visit)

Enhancing Home Economics and Livelihood Education (EPP) Curriculum Towards Productivity

Gilbert M. Forbes
DepEd QUEZON

Some quarters have been reacting negatively to the recent order of DepEd to strengthen EPP in our schools which they say would jeopardize computer education.DepEd Order No. 108, S. 2010 Enhancing Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum Towards Productivity

So long, that we have put more emphasis on computer education which the late secretary Bro. Andrew Gonzales had noticed. Accordingly, he said that computer education in our schools have benefitted only TLE, and never did create an impact on the over-all standards or quality of performance across learning areas.

A lot of school heads even the not so tech savvy ones who have limited understanding on computers as a powerful tool of learning other than as EPP-TLE tool have rode on this craze since the late nineties. Many have been successful in putting computer laboratories in their schools which benefitted them in their promotions but not the improvement of the over-all learning standards, neither the teachers to be computer literate at least.

As a result, there are even reports that many schools across the country are highly indebted due to mounting electric bills, maintenance and operating cost. For instance, there are schools which received brand new computer sets even when there is no electricity in the area and so the said computers are left to rot slowly.

While there are also many schools which have good success stories to tell in the light of the computer education in their schools, much have the opposite. It has become more of a liability rather than an asset.

Now that a new DepEd Order have been released, it would really be a great boost particularly to enterprising schools who’s teachers and personnel are attuned to the importance of Agriculture and Manual Labor. Implemented properly and coherently, schools particularly those with large track of vacant lots would be able to produce and earn for sustainability of their feeding programs as well as have an additional non-traditional source of income.

More importantly, it will successfully renew the promotion of the value of manual labor among the pupils, students and parents alike. The significance of farming not only as a decent job that give us food on our tables and most of all, give many of our country men a fall back in times of underemployment and unemployment will also get emphasis and promotion. Now that, farming has been identified as a dying profession, this really is a great boost.

Indeed, a wise decision of the Aquino regime to start in the education sector as it moves forward in its objective of food self-sufficiency.

Thursday, November 18, 2010

Being Truly Rich: Gaining Financial Freedom (Paglaya sa Kakapusan) Second Part in a Series

Ayon sa isang eksperto sa paghawak ng pera o tinatawag na financial management specialist na si G. Francisco J. Colayco, "kaya ng bawat isa ang magingmalaya sa kakapusan. Kung ikaw ay kumikita, mayroon kang pagkukunan ng puhunan at ito ay kaya mong palaguin. Kailangan lang ay mag-umpisa ka na agad."

Nailagay sa ating kaisipan na mahirap maging mayaman ang mahihirap. Ang pagiging mahirap daw ay bigay ng tadhana o kaya naman ay kawalan ng swerte. Ito ang uri ng mga paniniwala na dapat alisin upang maging malaya sa kakapusan. Ayon kay G. Colayco, ang pagkita ng salapi at pagpapalago ng kita aymagkasing-halaga. Ang dapat daw nating matutunan ay ang magplano sa pamamahala ng ating kita. Ayon sa kanya dapat nating tandaan ang mga sumusunod:
  • Alamin ang pangangailangan sa hinaharap.
  • Paghandaan at alamin ang mga wastong paraan upang makamit ang perang sasagot sa mga pangangailangan.
  • Ibagay o baguhin ang iyong pangangailangan para sumang-ayon sa iyong kakayahan.
Kailangang ating tandaan na ang kayamanan ay ang pagkakaroon ng salapi na pangtustos sa oras ng ating pangangailangan. Ang ating pangangailangan sa araw-araw ang magtatakda kung ano ang sapat na kayamanang akma para sa atin. Ang ating pangangailangan sa araw araw ay dapat iakma sa ating kakayahan. Dapat tayongmamuhay kung ano lamang ang ating kaya.  Ayon kay Colayco mayroon daw apat na antas ng ating kakayahan sa pananalapi:
  • Antas ng Pag-uumpisa - ibig sabihin ang lahat ng iyong kita ay galing saiyong sariling oras at pagod. Ang pinaka-unang dapat mong gawin aymaghanap ng pagkakakitaan. Ang iyong sariling lakas at talento ang iyongunang puhunan kung kaya dapat mong pagyamanin ang iyong sarili dahil ito ang una mong puhunan.
  • Antas ng Pagpapalaki ng Kita - Narating mo na ang antas na ito kung nagtatrabaho ka pa rin ngunit 20% ng iyong kabuuang kita ay nanggagaling na sa interes ng iyong ipon o kita ng napamuhunang pera.
  • Antas ng Pagkakaroon ng Kita Galing sa mga Ari-arian (Assets) -Narating mo na ang antas na ito kung nagtatrabaho ka pa rin ngunit 30-60% ng iyong kabuuang kita ay nanggagaling sa interes ng iyong naipon o kita ng napamuhunang pera.
  • Antas ng Pagreretiro - Narating mo na ang antas na ito kung 100% ng iyong kita ay nanggaling na sa interes ng iyong naipon o kita ng iyong napamhuhunang pera kung kaya maaari ka nang hindi maghanap-buhay.
Ang mga antas na ito ay hindi nakabatay sa gulang ng tao. Maaring bata pa aymarating na ang antas ng pagreretiro dahil sa matalinong pamamahala ng pera. Maaari rin namang kahit matanda na ay hindi pa ito makarating sa pinaka mataas na antas. Hindi rin masasabing huli na ang isang tao kung siya ay magsisimula sa matalinong pamamahala ng kanyang pera kung siya ay matanda na. Walang pinipili itong edad.

Ngunit mas makabubuti na habang maaga pa ay kumilos na sapagkat sa lahat ng nawawala na di na puwede pang ibalik ay ang oras o panahon.  Reference: Modyul 19, Ang Pilipinas sa Pambansang Kaunlaran, Bureau of Secondary Education, DepEd Complex, Meralco Avenue, Pasig City. 

You may also like to read:

Friday, November 12, 2010

Ang Tunay na Mayaman (Being Truly Rich: First Part in A Series on Financial Literacy and Personal Finance in Filipino)

By:  Gilbert M. Forbes
DepEd Quezon, CALABARZON

Para sa marami sa atin, mayaman ka kapag ikaw ay nakatira sa isang mansion sa loob ng sikat na subdibisyon. Maraming sasakyan, kumpleto ang bahay sa kagamitan, mamahalin ang kasuotan at alahas sa katawan at malaki ang suweldo o kita. Ngunit gaano man karangya ang pamumuhay ng isang tao sa ating paningin, hindi ito sapat na batayan upang maituring ang sinuman na mayaman.

Para sa mga eksperto, ang usapin ng yaman ay nasusukat sa kanyang net worth at kung gaano ito tatagal. Ang net worth ay ang kabuuang halaga ng pera at ari-arian pag binawas na ang lahat ng pagkakautang o lialibilities. Halimbawa, maituturing na mas mayaman pa ang katulong ng isang milyonaryo sa Ayala Alabang kung ang kanyang ari-arian at pera ay kulang pang ipambayad sa lahat ng kanyang pagkakautang.

Bukod sa net worth, ang yaman ay nakabatay rin sa uri ng life style o pamumuhay. Halimbawa, kung may 150 Milyon ka at wala nang inaasahan kundi ito at dahil sa marangyang pamumuhay ay nakatakdang tumagal lamang sa loob ng 40 taon ay mas mayaman pang maituturing ang isang ordinaryong magsasaka na kumikita lamang ng sapat at nakapagtatabi ng sapat para sa kanyang pagtanda o pagreretiro.

Sa makatuwid, ang tunay palang mayaman ay iyong naabot na ang antas ng tinatawag na kalayaang pinansyal o 'financial independence' ayon sa antas na nais o pinili. Ito ay ang antas ng pamumuhay na hindi mo na kailangan pang maghanapbuhay sapagkat sapat na ang iyong ari-arian para suportahan ang mga batayang pangangailangan sa araw-araw ayon sa uri ng pamumuhay o life style na nais habang buhay.

Syempre, kung nais natin ng marangyang pamumuhay, mangangailangan ito ng malaking halaga ng passive income. Ang passive income ay kitang mula sa naipundar na mga negosyo kung meron, ari-arian tulad ng paupahang bahay, bukirin, interes ng perang naimpok sa bangko, dibidendo mula sa mutual funds, stocks at iba pang investments, pension mula sa retirement fund bukod sa SSS o GSIS at iba pa. Active income naman ang tawag mula sa ating kinikita sa ating trabaho na bunga ng ating pagpapawis, kakayahan, lakas, talento at iba pa.

Ang kalayaang pinansyal o financial independence ay tinatawag ding retirement stage ng mga financial experts sapagkat hindi muna kailangan pang puwersahin ang sarili upang maghanapbuhay o mapako sa routine ng regular na trabaho. Ito iyong estado ng pamumuhay na ikaw ang may kontrol sa iyong oras at ito ay maaaring makamtan sa maikli man o mahabang panahon depende sa paghahandang ginagawa mo ngayon.

Kaibigan, kung hindi ka masaya sa pinansyal na katayuan mo ngayon, pano ka kumikilos upang ito ay masolusyonan? Ipinagwawalang bahala mo ba ang mga bagay na maaari namang mapaghandaan at maiwasan ngayon pa lang? Alalahanin sanang ang lakas at kalusugang dulot ng kabataan ay may hangganan.

Ang sabi ng Bibliya sa wikang Ingles, “The wise man saves for the future, the foolish man spends whatever he gets.” Proverbs 21: 20. Saan ka nabibilang kaibigan?

(Ang artikulong ito ay kauna-unahan sa mga serye ng mga sulating inihanda para sa kamulatang pinansyal ng mga guro, empleyado sa pamahalaan at pribadong sektor, manggagawa at sa buong sambayanang naniniwala sa kabanalang hatid ng pagiging mabuting tagapamahala ng mga biyayang nagmumula sa poong Maykapal. Inspirasyon ng sulating ito ay ang aklat na Pera Mo Palaguin Mo o Wealth Within Your Reach ni Francisco J. Colayco at Rich Dad Poor Dad ni Robert Kiosaki.)

Maaari ring basahin ang sumusunod:

Being Truly Rich: Gaining Financial Freedom (Paglaya sa Kakapusan) Second Part in a Series

Knowing How Financially Healthy or Un-healthy We Are (Being Truly Rich: Third Part in a Series)

Eight Steps to Get-out of Bankruptcy and Debt (Walong Paraan ng Paglaya sa Pagkakabaon sa Utang)

Sustaining Gained Grounds on the Way to Financial Freedom (Tuloy-tuloy Tungo sa Kalayaang Pinansyal)

Friday, October 29, 2010

The Economics of K+12 by Nicki Tenazas

In the past few weeks, the nation has been debating, both formally and informally, about the pros and cons of the proposed K+12 program of the Department of Education. While the debates are welcome as these help policy makers fine-tune their proposals, it should be directed at the real issues and not along ideological or partisan lines.

The gist of the proposal is that (1) Kindergarten shall be universal and compulsory starting SY2011-2012. Then (2)the new curriculum will be applied to Grade 1 and 1st year students by SY2012-2013 and shall progress as this pioneering cohort of students go up the education ladder. This will gradually prepare students for major changes in SY2015-2016, where (3) the 1st year students in SY2012-2013 will have the option to enter Grade 11, the first year of senior high school.

DepED prudently provided the justifications and benefits of the proposed program. These are even categorized by stakeholder group. For individuals and families, the benefits center on having more time to master the curriculum, leading to higher long-term earnings potentials. For society and the economy, the benefits revolve around being globally competitive and having a higher growth trajectory. The historical beginnings of the reforms were also explained and the justifications for the program are technically sound.

Unfortunately, no matter how clear the intentions of the government are, opposition is always expected and should not be ignored. This article aims to put forward other positive aspects of the program that may not have been exhausted in the discussions yet. It is hoped that additional focus on the pragmatic issues of the program will help influence the final form of the ensuing policy.


No time but now

The timing of the proposed program, which comes at the heels of the recently-concluded global recession, was not a moment too soon. Southeast Asian tigers like Singapore, Malaysia and Thailand are widening their lead over the Philippines in terms of labor quality and overall investment climate. Emerging economies in our backyard, namely Laos, Cambodia and Vietnam are also prioritizing skills development. Even our distant neighbors in South Asia, like Bangladesh, India and Sri Lanka speak of nothing but ways to address their skill shortages. Indeed, the recent economic slowdown has shown that countries and individuals with better skills can adjust easier to external shocks.

At the same time, the Philippines has just entered a new era in governance. The current administration has received a resounding mandate to reform the country and to simply make it a better place to live in. The political capital that the current administration is still enjoying is a vital advantage in pushing through with major systemic reforms. The legislative and financial challenges of the K+12 program can be best addressed now rather than any other time in the coming six years.

Addressing historical inefficiencies

The first benefit of the program is that Kindergarten prepares children for the rigors of formal schooling. As a relatively new parent, I was surprised (and proud) to see that my three year old son can already read, spell and write almost any Tagalog word. By the time he reaches age five, I believe that he will be fully literate in the English language as well, even before I plan to enroll him into school for the first time. Why then, does the government even need to create a policy that says every child should be a reader by the end of grade three? The answer is early exposure. The period between age three and five is a very critical time for overall development. By providing free Kindergarten for all, every child in the country, regardless of economic status, will have at least a year of unpressured exposure to learning and socialization. This prepares them for higher levels of education, thus supporting the rationale for the K+12 program.

Another benefit of the program being bannered by DepED is the possibility of more students mastering the curriculum because of more time allotted for it. A corollary of this is the possibility that the teaching load will also lighten. In a scenario where the learning objectives of children are properly budgeted, teachers will have more time to implement child-centered learning. It may be true that time spent on preparation of lesson plans, contact with students and checking homeworks and tests may not necessarily decrease; however, make-up classes due to cancelation of classes and review sessions for upcoming achievement tests may no longer be necessary. If more time is allotted for the same topics, teachers can facilitate deeper understanding of the lessons, obviating the need for further instruction.

One of the other benefits of a wisely-budgeted curriculum is the possibility of revising national achievement tests to focus on higher-order thinking skills. If children are exposed to more exploratory and open-ended learning, it follows that they should be assessed using the same benchmark. This will help improve the perception of the quality of outputs of the education system.

One of the arguments against the program is that it lengthens time in school, which could have otherwise been used to become economically active and augment family income. But closer inspection reveals that in the case of the Philippines, this is a myth. Everybody under 18 years old is not eligible for formal work. The result is that those who drop out of school to work end up in the informal sector, which is often synonymous with low pay and harsh working conditions. Even those who enter college and dropout at 18, armed with higher education “units” may not fare significantly better than 16 year old informal workers. Within three to five years, their peers who were fortunate enough to finish college or technical courses will overtake them in terms of salary and working conditions. In this case, the decision to forego schooling will greatly impede their lifetime earning potential.

The K+12 program also aspires to correct the connotation that basic education is simply a preparation for college. Developed countries like Germany, Australia and South Korea are testaments to the fact that good basic education and industry-linked technical training systems are enough to drive the economy. If a credible high school diploma can be earned at age 18, students will have another career option aside from college. If they decide on entering the labor market immediately after high school, they will not be second-class workers but instead, they will be fully protected by labor laws and safety nets.

The portion of the cohort that will pursue higher education will be a boon to the universities and colleges. Considering that these students have solid academic foundations, tertiary institutions can stop the practice of becoming “catch-up” schools. Many tertiary institutions still require general education courses for students. Among its other purported uses, it is simply a way to make sure that the academic foundations of students are strong before they go into more specialized courses. This, in turn, reduces the amount of time a student spends on highly technical courses.

The same can be said of future entrants to technical and vocational training institutions. They will possess better academic foundations which will enable trainers to implement a more rigorous and technical approach to training. With a curriculum that is closely linked to industry, high school graduates would be more equipped to adapt to the rapid technological changes in the most highly sophisticated trades and crafts. This, in turn, will significantly improve their employability and, possibly, their earning capacity as well.

At the heart of the global disadvantage of Filipino labor is the current lack of years spent on highly specialized courses, whether in college or in training institutions. This is the reason why our doctors just end up as nurses abroad, why our information technology workers are paid lower salaries compared to their foreign counterparts and why PhD candidates in the country need to retake majority of graduate courses abroad just to qualify for a foreign PhD. Bilateral and multilateral skills recognition agreements remain as rhetoric rather than becoming policy: no developed country will allow a Philippine college degree to be equivalent to their college degree; at the same time, the Philippines can not to admit officially that our educational system is indeed substandard.

One way to change this perception of low quality, aside from improved national achievement tests, is through international assessment tests like the TIMMS and the PISA. Due to consistently poor performance, some experts opined that the Philippines should suspend joining these tests until such a time that we have fixed our education system. The reasons for low performance are well-documented: student maturity, overcrowded curricula and poverty are the common explanations for low achievement.

The K+12 program, whether intended by its proponents or not, will address two of these over time. First, Filipino test takers have historically been one or two years younger than their foreign counterparts. This places them at an automatic disadvantage in terms of emotional and intellectual maturity. With the K+12 program, there is a chance that test takers at the higher levels will be of the same age as foreign test takers. For test participants in the lower levels of education, the age gap may not be perfectly addressed but increased years of schooling may make a significant difference in outcomes. More importantly, test takers will be armed with comparable knowledge because of the new curriculum. Less topics to cover means better understanding of concepts, which would come in handy for higher-order questioning that these international assessments are famous for.

Therefore, instead of shying away from international comparison, the Philippines should embrace future chances to inform the world that our educational system is, slowly but surely, improving. By gradually increasing our rankings in these assessments, the stature of Philippine education and graduates will also improve. This will then help raise our global competitiveness in the long run.

One possibly unintended consequence of the K+12 program is the fact that colleges and training institutions would experience significantly decreased, if not very minimal, enrolment for two years during the transition period of the K+12. While this can be seen as a major inefficiency and loss of revenue for these institutions, this period can also be put to good use. First, this would be a good time to conduct simultaneous revision of post-secondary curriculum so that educational outcomes become fully aligned once the first batch of K+12 graduates arrive. Also, this would be an opportunity for professors and trainers to upgrade their skills by going on study leaves, professional training or producing knowledge products. Lastly, it would be a good time for government to finally push through with the critically-acclaimed but seemingly impossible task of rationalizing higher education institutions.


Doomsayers exaggerate

Despite of all these possible benefits from the proposed program, fears still abound in some sectors of society. The arguments revolve around (1) the fact that this program is a misplaced priority and resources should instead be used to address the basic shortages of the system and (2) the perceived opportunity cost of the additional years of schooling, especially for the poor. These arguments, frankly, are exaggerated at best and at worst, completely wrong.

The DepED’s proposed implementation scheme for the program is a workable plan simply because it starts early but it buys time for essential resources to be put in place. It all hinges on economic growth and fiscal capacity: if the current government lays the right foundation, economic growth can be expected to accelerate; this in turn would mean more financial flexibility for the government and more opportunities to invest in education.

The resource shortages of the education system is a perennial problem. For years without fail, the same basic problems are hounding the country. Some education insiders would joke that if an education ministry report written in the year 1900 was unearthed and the figures are simply updated, the finished product would not be far off from the current situation. The important point is that the K+12 program should not be hijacked by the same (and seemingly unending) problems of the system.

If the current government miraculously finds a way to solve resource shortages, well and good; however, if the government does as expected and fails to provide adequate resources to meet acceptable resource ratios, the rationale of the K+12 program remains intact.

One possible example of this kind of erroneous thinking is the statistic on number of teachers. Everybody says that the country lacks teachers. However, analysis of micro data shows that there are teacher surpluses in certain areas while there are indeed shortages in others. If only teachers could be transferred from one division to another without triggering protests, some of the shortages would be addressed. Also, DepED never fails to prioritize teacher hiring in all of its budget proposals.

Thousands of new teachers are hired each year, but unfortunately these are still not enough to address the shortages. Another thing to consider is the new K+12 curriculum: if teachers can implement child-centered learning and focus on becoming facilitators rather than mere lecturers, they can easily manage a larger number of students per session, thus reducing teacher requirements. A good case in point: private schools in Manila are perceived to provide good quality education; but it is also true that many elementary and high school sections in exclusive schools reach up to 55 students per class. Therefore it can be safely concluded that educational outcomes do not only depend on the quality of students and the class size; it also depends on the teaching strategies and the support resources.

The most emotionally-charged argument against K+12 is the financial burden it places on the poor. Some are calling the program anti-poor for the obvious reason that rich people in urban areas enroll their children into private schools with already longer years of schooling (Pre-Nursery, Nursery, Kinder 1, Kinder 2, Prep and Grade 7) without batting an eyelash, while the poor constantly need to choose between food, medicine and shelter or the daily expenses associated with going to school. However, it was discussed earlier that staying in school at least until a child reaches 18 is in the best interests of everybody in the long run. It effectively reduces deadweight loss from existing policies and cultural norms. But another analogy might drive the point better: insurance.

The real issue with additional years of schooling is present versus future spending. Resources that we consume now can no longer be invested for future gain. Time deposits, pension funds and life insurance offer good parallelisms to this fact. Almost everybody will agree that savings and compound interest can work wonders for multiplying money. That is why given the chance, everybody would probably choose to have any or all of the said financial instruments in their portfolios.

However, the usual reason why many Filipinos do not have these investments is perceived poverty: they feel that they could not even spare a few pesos per month for savings and/or insurance payments. If they die young, they are probably correct. Unfortunately, if they live to reach middle age, they begin to realize the wasted opportunities that compound interest could have offered. If they could have found a way to squeeze their income and tighten their belts a little bit more, they could have been sitting on a respectably-sized nest egg by the time they hit 40 or 50 or 65.

The same is true for educational investment. Filipinos, famously and romantically, live in the “now”. After all, having money now is more important than having that same amount of money in the future. By the same token, working odd jobs now and contributing to the family income today is more important than the millions you might earn ten years from now. But for a society of gamblers, this is surprising: we seem to be gambling on all the wrong things. We invest in the Lotto and in Jueteng, in Tong-its and Sabong. We even gamble with our health through alcohol, cigarettes and drugs. Why then, can we not put hope in the fact that staying in school is a good investment worth fighting for?

The nagging question then is: if it were possible to give the poor just enough money to cover all educational expenses, would they think twice about enrolling their children in a K+12 school? Hand-tomouth existence is a difficult situation, indeed, but it is a predicament that should not afflict decisions for the future and condemn people for the rest of their lives. In the same way that many poor Filipinos see the value of insurance and strive to meet their monthly payments to agents, so too can the poor find a way to keep their children in school and expect a higher earning potential from them. This will start to break the cycle of poverty that began with too little investment in education in the first place.

Admittedly, the government still needs to support the poor, especially with K+12. While private returns to education are high, public returns are also significant and provides enough justification for government intervention. Education vouchers and conditional cash transfers are steps in the right direction, but these need to be improved and expanded further.


The way forward

The circumstances surrounding the K+12 proposal are far from ideal. But in reality, nobody lives in ideal circumstances. The important thing is to pursue something that is worthwhile, but pursue it in the best possible way. The following are some suggestions that DepED can consider in implementing the program:

Clearly define roles in terms of Kindergarten implementation. The ECCD Council and the DSWD are currently on top of day care service in the country. It is best to align expectations on this program so that day care workers prepare the children for Kindergarten in the right way. This is especially important as day care centers in the country seem to be generally under-equipped and under-manned. Continue all other non-contradictory initiatives. Real reforms come from a combination of big and small activities. The current thrusts to hire more teachers, build more schools, provide more books, supplementary materials and information and communication technologies should be continued. This will help reduce the resource gap when the time comes to actually implement the additional years of schooling.

Ensure that the K+12 curriculum meets global standards. Many DepED employees, administrators and teachers alike, cannot seem to differentiate between the numerous versions of curricula the Department has piloted and implemented throughout the years. Now is the time to really transform the curriculum into something internationally-recognized but locally-useful. Focus on child-centered learning, with the help of ICT, could provide significant improvements in educational outcomes.

Avoid “vocationalization” of secondary education. There is a strong temptation to include arts, crafts and trades education in the expanded curriculum, particularly in the proposed higher secondary level. But while it seems to be logical and pro-poor, international experience has shown that this could be a major pitfall of education systems. In any case, employers generally prefer academically-sound graduates who possess the important “soft” skills (communication skills, interpersonal skills, attitude of hardwork and perseverance, etc.) over haphazardly-trained “technical and vocational” graduates. It seems trainability is a major industry concern and the K+12 curriculum should ensure that all graduates meet this criteria. It is best to leave technical education to TESDA in the same way that higher education is left to CHED. Besides, by providing TESDA and CHED with more qualified students, DepED has done the lion’s share of reform in the educational system already.

Improve the National Achievement Test to reflect the proposed K+12curriculum and administer it to pilot areas as early as possible, just to get reliable “before and after” comparison of learning outcomes. By having a parallel achievement test long before the actual curriculum is implemented, DepED can (1) fine-tune the new achievement test based on adequate data and (2) have a credible monitoring and evaluation tool to assess the initial outcomes of the K+12 program. Coordinate with CHED and TESDA regarding the implementation of the program, especially regarding the two-year transition period where post-secondary enrollees is expected to significantly decrease. Government could benefit from this period by reforming state-owned institutions but it may need to compensate private institutions for lost income. Government may also consider an “Honors” exam that will allow graduates of grade 10 or 11 to skip the remaining years of senior high school and go straight to college.

Locate additional sources of funds for K+12 implementation. Loans and grants from bilateral and multilateral agencies are justified at the beginning of major programs but its long term sustainability should rest with the partnership of the public and private sectors. Many PPP arrangements are proving to be effective in many countries including the Philippines and these could help ensure the success of the program.

While the proposal is not yet cast in stone, DepED might want to reconsider awarding diplomas after completing grade 10. Part of the wisdom behind this move is the western concept of Ordinary (O) and Advanced (A) levels of achievement. This is a good example of the caveats of simply importing foreign innovations. The mere presence of the grade 12 diploma automatically diminishes the marketed value of the grade 10 diploma. It is a negative memento of the old system wherein 16 year olds are given the customary “pat on the back” just to help ensure that the K+12 program becomes more palatable to stakeholders. By removing the grade 10 diploma, many will be forced to really complete the basic education cycle and not opt for the easy way out and revert to the same problems that the K+12 program set out to solve. Also, if DepED really wants to provide alternative options after grade 10, it can seriously consider the “Honors” exam mentioned earlier.

Improve overall teacher compensation. The 4-year implementation of the most recent salary standardization law significantly increases the nominal income of teachers. While some say that this is still not enough, it is actually a very good compromise. What government can now do is to improve other benefits and perks. Improving systems for GSIS, Pag-ibig and Philhealth will make all teachers very happy. The mere idea of getting their salaries on time would also be a major boost to morale. Lastly, other perks like tax exemption, public recognition and the like could also be effective inspirational tools, but should be closely linked to performance. Such improvements will also show that the current government has the capacity to implement both major and minor reforms at the same time, giving it more credibility to introduce the K+12 program.

Maximize technology. Large technology projects are currently taboo in government in light of recent scandals and the ever-present possibility of corruption. But the truth is that system-wide ICT improvements can greatly augment and ease the transition into the K+12 system. Small but effective ICT programs, including (and especially) the ones for teacher training, should be situated within a comprehensive management framework and expanded to as many beneficiaries as possible.

Prepare a comprehensive social marketing campaign. DepED already intends to conduct many stakeholder consultations on the program. However, DepED spin doctors should craft a unified message that touches the heart of the issue for the ordinary Filipino. They should also communicate clearly how DepED plans to implement all its planned reforms at the same time. Lastly, national discussions are welcome but they are sometimes too politically-charged. Grassroots communication is preferred and all efforts should be made to get the support of as many international, government and non-government organizations as possible.

In conclusion, it is understood that it will take time before the K+12 program will run smoothly and for its promised benefits to be felt in its entirety. At least one generation of parents may never get over the idea that the additional years of schooling (and thus expenses) happened during their lifetime. Private companies may take a while before they fully trust the skills of a grade 12 graduate. Other countries may take a while before they notice gradual improvements in our educational system, as evidenced by ever-increasing rankings in international assessments. It may take a few generations to completely pay back everything that government will loan just to implement this program. But it is clear that this is the right thing to do now because its expected value far outweighs its expected costs.

In layman’s terms, the fact that something is difficult should not determine if something should be done; if that were the case, nothing great would have been accomplished at all. Ever. (Nicki Tenazas as posted in TEDloop)

Saturday, April 24, 2010

Usapin ng 'Access,' Dapat Maging Pokus ng mga Pulitiko sa Kani-kanilang Programang Pang-edukasyon

By:  Gilbert M. Forbes
DepEd Quezon, CALABARZON

Matagal-tagal na ring ginagamit ng mga tradisyunal na pulitiko ang edukasyon sa pagpapapogi, pagsusulong ng kani-kanilang mga pulitikal na interes at ambisyong manatili sa puwesto hindi lamang sa nasyunal kundi lalot higit sa lokal. Nagkukunwari silang mga kampeyon ng edukasyon subalit hungkag at walang pangmatagalan at mahusay na solusyong aasahan sa kanila. Ang mga kasapi naman ng school board na nakikinabang sa lisyang sistema ay pipi at bingi lalo na umano sa sa mga mayayamang lokalidad dahil sila man ay malaki ang pakinabang.

Ayon sa ilang mapapagkatiwalaang source minsang dumalo ang blogger na ito sa isang pagsasanay, dahil sa laki ng Special Education Fund ng mayayamang probinsya, kalunsuran at bayan, nagsisilbi umano itong gatasan o dagdag na pagkakakitaan ng nasabing mga opisyales dahil sa laki ng honorarium at allowances na tinatanggap nila na hindi bababa sa sampung libong kada buwan bukod pa sa mga per diem, rata at traveling allowances. Kung hindi man dahil sa matabang allowances, ay dahil sa kakulangan ng tuwirang alam, kakulangan ng pagbabad, pulso sa lehitimong ugat ng problema at senseridad sa kani-kanilang mga tungkulin.

Narito ang ilang estilo kung paanong nagagamit ng mga pulitiko ang kanilang kapangyarihan sa pagpapalapad ng papel sa mamamayan at lumutang na kampeyon ng edukasyon na nararapat lamang sa patuloy nilang suporta samantalang kahit kailan itoy hindi utang na loob ng mamamayan sa kanila dahil sa itoy bahagi ng kanilang sinumpaang tungkulin.

  1. Pagpapagawa ng mga over-prized o substandard school buildings nang walang pagsasaalang-alang kung alin at saan higit itong kailangan.
  2. Di-patas na suporta sa Basic Education Sector dahil mas malimit na napapaboran ay mga paaralang sekondarya. Siguro dahil sa malapit na silang maging mga botante at maaari ng makaimpluwensya sa kung sino ang nararapat na botohan ng kanilang mga magulang kaysa sa mga bata sa elementarya na syang pundasyon.
  3. Pagsawsaw sa tertiary education at pagbibigay ng higit na mas malaking educational assistance sa mga estudyante bilang mga college at university scholars sa harap ng napakalaking basic education drop out, at survival rate at napakababang participation rate ng school age populace sa mga probinsya at lokalidad na nabanggit.
  4. Hindi holistic na IT o computer education na tanging nakikinabang ay TLE na unang pinasimulan sa mga paaralang sekondarya.  Mas nauna pang natuto ang mga studyante sa paggamit ng computers kaysa mga guro at maging mga pinuno ng paaralan. Gumasta ang mga lokal na pamahalaan at mga pulitiko sa programang ito ng limpak para sa pagpapagawa ng mga computer labs, pagbili ng mga computers, suweldo ng mga computer instructors, at iba pang maintenance at operating expenses. Kung hindi mga lokal na pamahalaan, ang programa ay pinundohan mula sa CDF ng mga congressmen at iba pang legislators.
  5. Pagbili at pamumudmod ng over-price at di-angkop na mga kagamitang panturo at pamimigay ng libreng uniporme at school supplies sa mga mag-aaral, nagugustuhan man o ito o hindi ng napagbibigyan.
Sayang ang limpak-limpak na pondo na dapat sanay nailalaan sa mga programang pang-edukasyon na higit na kailangan upang maabot at maserbisyuhan ang mga kabataang lubhang nangangailangan. Ang mga ganitong pulitiko ay hindi na dapat pang bigyan ng pagkakataong manungkulan kailanman. Silang mga mapagsamantala o dili kayay sadyang mangmang sa tunay na suliranin ng edukasyon. Pawang maituturing na pulpol at lehitimong eskul bukol.

Sa puntong ito, ano nga ba talaga ang nararapat na gawin ng sinumang mauupong matinong pulitiko at may tunay na pagpapahalaga sa edukasyon?
  1. Pagpapagawa ng anumang gusaling pampaaralan ng mga local na pamahalaan sa mga lugar at paaralang tunay na nangangailangan nito lalo na ang mga liblib at malalayong kanayunan na marami sa mga gusali ay hindi lamang napakatatanda na kundi maituturing na for condemnation na at nananatili lamang functional dahil sa walang ibang mapagtiyagaan ang mga guro at mamamayan sa lugar. Marami sa mga gusaling ito ay ginawa pa sa panahon ng dating Pangulong Diosdado Macapagal at Marcos at may ilan pang panahon pa ni Pang. Magsaysay!
  2. Lahat ng available resources para sa edukasyon ay dapat na ibuhos lamang sa Basic Education na nagbibigay diin sa antas ng kahalagahan o degree of importance ng pangangailangan at suliraning kailangang solusyonan. Ang pangunahing pokus ay dapat sa kung paano higit pang mapabubuti ang school level access at school level quality bilang bahagi ng pananagutan ng bansa sa international community patungkol sa Education for All o EFA lalot higit sa sambayanang Pilipino.
  3. Iwan muna at kalimutan ang pagsawsaw sa tertiary education at hayaan na muna ito sa pribadong sektor habang hindi pa lubusang naaabot ang targets na itinatadhanan ng programang Edukasyon Para sa Lahat (Education for All o EFA) sa ilalim ng Basic Education at hindi pa lubusang nakalatag ang mga mekanismong titiyak na ito ay tuluy-tuloy hanggang sa lahat ng kabataan ay sigurado ng makatatapos ng elementarya at 80% man lang sa kanila ay sekondarya. Hanggang nanatiling napakababa ng survival rate sa basic education, tuwirang maituturing na impraktikal at self-serving ang ginagawang pakikisawsaw ng mga pulitiko sa mga programang pangkolehiyo tulad ng pagbibigay ng mga scholarship grants samantalang napakaraming musmos ang nanganganib pa ring hindi man lang makatuntong ng elementarya o kung makatuntong man ay makatapos man lang ng primarya.
  4. Holistikong IT Education kung saan unang natuto ang frontliners sa pagbibigay ng edukasyon walang iba ang mga guro upang magamit nila ito sa paghahanda ng mga aralin, gamit panturo at mahusay at interesting na pagbabahagi ng kaalaman na titiyak sa pagkakaroon ng de-kalidad na edukasyon. Mas praktikal na magkaroon muna ng tigdadalawang computers sa bawat classrooms, isa bilang gamit panturo at isa bilang gamit ng guro sa paghahanda ng kanyang mga aralin bago ang pagkakaroon ng computer laboratories na tanging isang aspeto ng TLE curriculum sa sekondarya at EPP sa elementarya ang nakikinabang samantalang napag-iiwanan ang core subject areas at iba pang asignatura na ngangailangan rin ng tulong ng teknolohiya.
  5. Imbes na pagbili ng mga walang kwentang instructional materials ay dapat na pondohan na lamang ang paghahanda ng mga ito ng mismong mga guro na higit na nakaaalam kung alin ang nararapat at hindi ng walang string attached sa kanilang hanay sampu ng kanilang mga pinuno. Mas makabubuti rin kung gagawing socialized ang pamimigay ng mga uniporme at school supplies upang ang matitipid ay mailaan sa isang scholarship ng mga lubhang kapos palad na mag-aaral na ang mga magulang ay lubhang walang kakayahan upang masigurong makapagpapatuloy at mapapatapos lang nila kahit elementarya ang kanilang mga anak.
Sa pagbubuod, usapin ng higit na malalim na suliranin ng access ang dapat na makita ng mga pulitikong mangmang na wala nang ginawa kundi ibandera ang mga tulong na nagawa sa sektor ng edukasyon at ipamukha na tila ba ito ay utang na loob ng mamamayan sa kanila na band-aid lamang naman kung maituturing. Tunay na edukasyon ang solusyon at ang nagdudumilat na mga suliranin ng edukasyon ngayon ay nangangailangan ng agarang solusyon mula sa mga pulitikong hindi mangmang at iskul bukol. (This article first appeared on philippineeducatorsnetwork.ning.com)

(Mr. Gilbert M. Forbes had his Bachelors Degree and MA in Educational Management (CAR) from the Philippine Normal University.  A campus paper adviser and trainer for 13 years.  Currently, he is a school principal in one of the central schools in the Division of Quezon.) 

Sunday, February 28, 2010

GIFT-A-TEACHER, with L.I.F.E. and Transform a Nation

The saying goes that little knowledge is dangerous always seem to be true. What more when we know a lot. Knowing a lot from being a book-worm, highly educated, highly trained and exposed may lead into two—wisdom and humility or pride and prejudice.

I came to reflect on this when I attended the two-day lived-out Leadership in Filipino Education (L.I.F.E) Workshop given by OCCI Fullness of Life Foundation, Inc., and the GiftaTeacherMovement. LIFE is an experiential program designed for leaders in public and private sectors; the school teachers, government employees, the police, the soldiers, NGO’s and religious groups.

The workshop is so effective that it concretized in me to consider reviewing my paradigm if it is going well with the things I want to do—of which from the beginning involves helping people and the society changes. The workshop also made it clear to me that knowledge is power only if practiced. That every now and then, my comfort zones prevent me from realizing my objectives in life as I want it. This is not only detrimental on my part but also to people I am serving.

If the workshop shaken me and directed me to reconsider my values, I believe that it will also do the same to other teachers and school leaders who could be given the opportunity to undergo the workshop. I just can’t imagine the magic of transformation it will do to each teachers who are in contact with the average of 35 to 50 pupils and students a year. Being the prime-movers of the society, teachers are the great catalyst that will help transform the society from what it is today. There are about 555,000 public and private school teachers who are creating significant impact on the future of our children. About 20 million students learn under these teachers in a given year; year after year!

However, not everybody teachers could afford to participate in this type of workshop considering the Php1,500.00 registration. I, on my part was able to attend only because there are ten of us from our division who were financed by our division. But still, I still need to shell-out a relatively large amount for food, transportation, and accommodation expenses hence the workshop is a live-out one.

That’s why, I recommend that, interested kind-hearted individuals sponsor a teacher they know or they prefer, possibly their teachers starting grade school or elementary and high school or secondary. Even the whole teaching staff of let say of both highly depressed schools in far flung communities and cities. Teachers or schools, you think need this more than the rest although everybody needs this as far as my experience is concerned. I call on kind-hearted individuals in and out of this group. What is Php1,500.00 or even ten thousand pesos considering the impact that it will create. As I said before in one of my exchanges, it is where we could do more, people development.

Please help these teachers to learn and embrace living a life of excellence, of taking responsibility in every area of their life and committing to quality and constant improvement. For more information on how you can help your teachers and schools, please For more information on how you can help your teachers and schools, you may contact OCCI Fullness of Life Foundation, Inc. at +63 2 687-1309/ +63 2 632-7553 (t/f) Penthous, Emerald Bldg., F. Ortigas Jr. Rd., Ortigas Center, Pasig City or at www.giftateacher. com, fullnessoflife@ occiseminars. com, and www.occiseminars. com.

Wednesday, January 6, 2010

Financial Literacy, A Must for Teachers

By Gilbert M. Forbes
DepEd Quezon, CALABARZON

(Note:  This articles also applies to all young professionals, newly and currently employed both public and private, members of the informal economy, entrepreneurs, and all who have a way of earning.)

Having no resources to support education in other fields that will warrant a higher income, many opted to take education as a stepping stone but still land as a full time license teacher in the end. Teaching however in the public school at present already command an above the daily minimum wage salary.  In fact, above the entry level salary of call center agents and most professionals starting a career.  So, becoming a teacher and getting employed should be making a difference to the family members and most of all to the individual teacher in the economic bracket where most teachers came.  Handling finances properly should have been a way for a better life - much better life of poverty prior their graduation in college. But this is not the case of some of our new and even senior teachers.

Photo courtesy of Google Images.
Upon permanent employment was the improvement in their buying capacity and so the sudden change in their lifestyle including immediate family members. Instead of putting savings a priority, of increasing their net worth, they stumbled on a spending spree. They start renovating or constructing a new house without careful planning, start to buy signature clothes, gizmos and gadgets. In other words, they start to embrace a middle class life style instead of maintaining their previous simple life style only to find out later that they are already indebted to the neck. What is worst at times, they have exploited family members to join them in the band wagon. The cost, they have become poorer. The worst case scenario is that some family members became dependent which is not the case when the teacher is still studying to be one.

It is very frustrating that many of these teachers education were financed by peoples taxes (for those who studied in state colleges and universities) and subsidized by the government and some private individuals as scholars (for those who studied in some private schools) to help them get out of poverty but end up even poorer due to complicated lifestyle for some after just three to five years in the service or worst after marrying a bum.

On the other hand, others became highly indebted after financing expensive education of younger siblings which don’t match their interest and skills or are just results of peer influence, a fad. These courses charge very high tuition fees and yet the probability of getting employed after graduation is so thin and so appears to be so impractical that it has only put the financier in debt in the end.  Or failure to save or get protection for emergencies like sickness and death.

These situations proved to be not only demeaning and alarming on the part of the teacher experiencing it but to their mission of educating the youth and most importantly to teaching as a profession. Commonly, end result is burnt out and lack of professional direction. Hence, their mind is already pre-occupied where and how to get money to meet their daily needs. They have memorized and master when and how they could renew their loans in different lending institutions in every three months. Some even does it on a monthly basis leaving them with only a quarter of their monthly salary for a living—supplanted by renewable loans from any available credit sources. Indeed, these debtors have mastered the art of loaning and in return have lost their sense of propriety.

With the influence of materialism so strong that some have forgotten the disparity between what is needed and wanted, financial literacy or stewardship is seen to be a form of relief if not the total solution. This is something that should be looked into not only by Teacher Education Institutions but most importantly by the Department of Education to educate teachers, students, and the rest of the stakeholders. The Commission on Higher Education and the Technical Skills Development Authority in partnership with other government agencies should also do the same.

If everybody would be financially literate and educated, they would be motivated to plan for their future, embrace a simple life style or live simply, become responsible stewards, and to acquire the means to help more i.e., to be wealthy or financially independent. As spiritual and religious writers put it, they’ll  be financially independent or get rich for others in their respective pace. Just imagine if all salaried workers both in the government and private sectors including the OFW’s will learn and practice how money works as a result of being financially literate to a lesser extent. Come to think of its effect to the country’s progress and economy!

(This article also applies to other government employees particularly policemen who because of being financially illiterates have become hoodlums and kotongs in uniform. To other government employees and politicians who have become corrupt, private employees and OFW’s who even with their fat salaries have not improved their lives. To micro entrepreneurs and informal sectors of the economy who have stagnated through the years.)

You may also liked:

7 Ways to Avoid Bad Debt

Ang Tunay na Mayaman

The Value of Personal Finance

(The writer is an educator who was also a victim of financial ignorance.  Upon stumbling on a financial literacy book in 2005, he realizes his own situation and soon financial literacy or wellness has become a part of his personal advocacy aside from politics, good governance, education and environment.  He holds baccalaureate and post-graduate studies from the Philippine Normal University and currently employed as a school head in DepEd.)