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  • NATCCO GA on April 26-28 in Iloilo City

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Aflatoun Boosts Financial Literacy of Teachers

CLARK, PAMPANGA  – It’s not only the youth who benefit from NATCCO’s flagship youth program , Aflatoun, but teachers as well.  This has been the observation of Lasalette Gumban, NATCCO Youth Program Coordinator.   
Ms. Gumban spoke before participants at the 2018 Convention of Bataan Public Schools Administrative and Supervisory League (BAPSASULEA) on June 21-22 at the Zenia Hotel, where she stated her proposition that: “The increased financial literacy of teachers contribute to an improved school system.”
On how this has happened: “The teacher’s financial well-being affects his/her disposition and performance. The more we develop financially-literate and financially-healthy teachers, the more we produce quality graduates.”
Theme for the event was “Quality Management System Towards Improved School System”, with the aim of “honing the management skills of school heads and administrative officers in the implementation of Quality Management System.”
The Department of Education in the Province of Bataan maintains ISO certification for Quality Management Systems.  
According to Lumban, “Some teachers have been branded as “londoners”  which is colloquial for teachers who practice loan dito, loan doon, or “get loan here-loan there”. 
The Department of Education (Deped) recognized this problem and has released Directive 05-2018 that the net take home pay of teachers should not be lower than P5000.”
“Money management is one of the personal life stressors of teachers that affect their performance
Their effectiveness in teaching financial education to pupils is affected,” she said.
Gumban cited a 2005 study of the Organization for Economic Cooperation & Development  (OECD)  which found that elevation of personal financial literacy can lower the personal risk of poverty, as well as promote national economic development. Lack of financial literacy in students and teachers is because they have not received adequate financial education.”
She concluded: “You can’t teach what you do not know.  To become effective, teachers must also undergo regular Financial Literacy.  NATCCO supports this advocacy and can link the schools to coops who can provide finlit trainings.”
“As a long standing partner of DepEd in the implementation of Aflatoun Program, NATCCO is honored to have been invited in the Annual Convention of the DepEd leaders in the Division of Bataan.  Thank you, DepEd Bataan and to the Schools Division Superintendent, Jessie D. Ferrer, for the gift of partnership,” Ms. Gumban posted in her Facebook account.

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