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Judul : Why is Financial Education a NeedLink : Why is Financial Education a Need
"You can't hire someone else to do your push-ups for you" - Jim Rohn
And so should personal finance.
While personal finance is common sense, a lot of Filipinos are still struggling financially. Thus, it is something that we should also learn. But unfortunately, financial education is not taught in schools. It is not also evident in the financial industry like the banks, insurance and investment companies.
Let's take a look at the current situation why Financial Education is a major need especially to Filipinos:
1. Schools
Let's take a look at the current situation why Financial Education is a major need especially to Filipinos:
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| Financial Education is a need |
If financial education should also be taught in school, then who are qualified to teach this course? No offense, but even teachers (most of them) are living in debt. It is just like taking an MBA (Masters of Business Administration) and having a professor who doesn't even own a business. Talk about, "If you can't apply it, teach it."
For accounting and economic subjects, the educational system is teaching students to be prepared how to count or manage other people's finances as in the case of preparing students to work as accountants in the corporate world. Though these subjects can be applied in a personal level, not everyone applies it to themselves.
"Kapoy ihap ug kwartang d ako." (It is tiring to count money that isn't mine.) - a bank teller friend of mine often says.
Thus, the most qualified industry to teach about personal finance should be the financial industry. The financial industry composes of the following: the banks, insurance companies and investment companies.
Why is Financial Education a Need
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