TABUK CITY, Kalinga – In celebration of the Global Money Week, the City Cooperatives and Enterprise Development Office (CCEDO) goes to secondary schools to teach students basic financial literacy skills.
For the first round of the activity, students from Calaccad National High School and Bantay National High School were the participants.
According to Melvin Banggolay of CCEDO who served as one of the speakers, this initiative aims to educate students about the importance of financial planning and responsible investing to help them build a secure and sustainable financial future.
He noted that being financially literate is understanding the effective use of various financial skills including personal, financial management, budgeting and investing.
During the activity, Anna Liza Malapit and Loneza Carbonel also of the CCEDO shared some of the smart money tips to the students. They explained that by making a financial plan, prioritizing needs over wants, saving before spending, and setting aside some cash for emergency, one can become financially literate.
May Bumatay of the CCEDO addressed the participants on management tips in improving finances. In her presentation, she mentioned the following saving tips like making a personal budget, tracking one’s spending, save for emergencies, debt payment plan, and improve money mindset.
The Global Money Week is an annual global awareness-raising campaign on the importance of ensuring that young people are financially aware, and are gradually acquiring the behaviors necessary to make sound financial decisions and ultimately achieve financial well-being and financial resilience.
The CCEDO continues to go to schools for this financial literacy campaign.