hb 490 – Rock To Riches

Our local advocacy group Angat Pilipinas Coalition for Financial Literacy is a dynamic financial literacy mission mainly focused on educating the youth on proper money management, financial planning, and investments.

In the past year, we were able to visit some schools in and around Metro Manila not only to teach the students but to teachers, parents and other school employees as well. We believe that if the elders in school know how to spend and save money, the students will find them as great examples and will do the same as well.

But with the Financial Literacy Act or the House Bill 490 still pending implementation in Philippine schools, we have to know if efforts such as our APCFL’s are giving good results at least in terms of improvement in the youth’s attitude towards money. Continue reading How Does the Filipino Youth Fare in Asian Financial Literacy?

Towards the end of the year 2012, our non-profit organization Angat Pilipinas Coalition for Financial Literacy widened its scope from focusing on OFW’s and artists to include the students and youth in its mission to provide financial education to all Filipinos.

Just as we were struggling to look for volunteers and partner organizations to collaborate on projects that will send the message to the government and the Department of Education about our advocacy, a good news came out from the office of a lawmaker named Juan Edgardo Angara from the lone district of Aurora.

The congressman has authored the House Bill 490 or to be known as the Financial Literacy Act which will “encourage the development of financial literacy programs in educational institutions and the private sector.”

This will therefore address my previous concern that financial literacy is not in the 10-point agenda of the Department of Education (DepEd). Continue reading Angat Pilipinas and the Financial Literacy Act for Students (HB 490)