FINANCIAL

LITERACY
 PRESENTERS

EDRIANE JOHN DELOS MARY GRACE JOVELYN

ESCARO REYES DIOSO DOLLOLASA
 PRESENTERS

ARIANE MAY JANREL

APRIL ROSE
ESPIRITU ESPARES
ESCOTE
 Learning outcomes

1. Define financial literacy

2. Distinguish among financial plan, budgeting, saving,
spending and investing
3. Present ways on how to avoid financial crises and
scams
4. Demonstrate understanding of insurance and taxes
5. Describe a financially stable person
 Learning outcomes

6. Determine ways on how to integrate financial literacy in the

curriculum
7. Drew relevant life lessons and significant values from personal
experiences on financial crises and scams
8. Analyze research abstract on financial literacy and its
implications to the teaching- learning process
9. Make a personal financial plan based on short-term and long-
term goals
 Financial literacy

Financial literacy is a core life skill in an

increasingly complex world where people
need to take charge of their own finances,
budget, financial choices, managing risks,
saving, credit, and financial transactions.
 Financial literacy

 Poor financial decisions can have a long-lasting impact

on individuals, their families and the society caused by
lack of financial literacy.
 Low levels of financial literacy are associated with lower
standards of living, decreased psychological and
physical well-being and greater reliance on government
support.
 The importance of starting
financial literacy while still young.

National surveys show that young adults have levels

of the lowest financial literacy as reflected in their
inability to choose the right financial products and
lack of interest in undertaking sound financial
planning. Therefore, financial education should
begin as early as possible and be taught in schools.
 The importance of starting
financial literacy while still young.

Akdag (2013) stressed that in the recent

financial crisis, financial literacy is very
crucial and tends to be advantageous if
introduced in the very early years as preschool
years.
 The importance of starting
financial literacy while still young.
Financial education, is a long-term process
and incorporating it into the curricula from an
early age allows children to acquire the
knowledge and skills while building
responsible financial behavior throughout each
stage of their education (OECD, 2005).
 The importance of starting
financial literacy while still young.

Likewise, financial literacy is the capability

of a person to handle his/her assets, especially
cash more efficiently while understanding
how money works in the real world.
 FINANCIAL PLAN

Kagan (2019) defines a financial plan as a

comprehensive statement of an individual's long-term
objectives for security and well-being and detailed
savings and investing strategy for achieving the
objectives It begins with a thorough evaluation of the
individual’s current financial state and future
expectations.
 The following are steps in creating a financial plan.

1. Calculating net worth.

Net worth is the amount by which assets exceed

liabilities. In so doing, consider (1) assets that entail
one’s cash, property, investments, savings, jewelry and
wealth; and (2) liabilities that include credit card debt,
loans and mortgage. Formula: total assets minus total
liabilities = current net worth.
 The following are steps in creating a financial plan.

2. Determining cash flow.

A financial plan is knowing where money goes every

month. Documenting it will help to see how much is
needed every month for necessities, and the amount
for savings and investment.
 The following are steps in creating a financial plan.

3. Considering the priorities.

TheThecore
core of of a financial
a financial planclearly
plan is the person’s is the person’s
defined clearly
goals that may include: (1)defined goals
Retirement strategy for
accumulating retirement income; (2) Comprehensive risk management plan including a review of life and disability
that maypersonal
insurance, include:
liability coverage, property and casualty coverage, and catastrophic coverage; (3) Long-term
investment plan based on specific investment objectives and a personal risk tolerance profile; and (4) Tax reduction
1. Retirement strategy for accumulating retirement income;
strategy for minimizing taxes on personal income allowed by the tax code.

2. Comprehensive risk management plan including a review of life

and disability insurance, personal liability coverage, property and
casualty coverage, and catastrophic coverage;
 The following are steps in creating a financial plan.

3. Considering the priorities.

3.TheLong-term
core of a financial planinvestment
is the person’s clearlyplan based
defined goals on
that may specific
include: (1) Retirement strategy for
accumulating retirement income; (2) Comprehensive risk management plan including a review of life and disability
investment
insurance, objectives
personal liability and
coverage, property a personal
and casualty coverage, and risk tolerance
catastrophic coverage; (3) Long-term
investment plan based on specific investment objectives and a personal risk tolerance profile; and (4) Tax reduction
profile; and strategy for minimizing taxes on personal income allowed by the tax code.

4. Tax reduction strategy for minimizing taxes on

personal income allowed by the tax code.
Financial literacy shapes the way people
view and handle money. The following
are financial improvements suggested by
Investopedia as a journey to financial
literacy.
 Five Financial Improvement Strategies
1. Identify your starting point.

Calculating the net worth is the best way to

determine both current financial status and
progress over time to avoid financial trouble by
spending too much on wants and nothing enough
for the needs.
 Five Financial Improvement Strategies
2. Set your priorities.
Making a list of rated needs and wants can help set
financial priorities. Needs are things one must have
in order to survive (i.e. food, shelter, clothing,
healthcare and transportation); while wants are
things one would like to have but are not necessary
for survival.
 Five Financial Improvement Strategies
3. Document your spending.
One of the best ways to figure out cash flow or
what comes in and what goes out is to create a
budget or a personal spending plan. A budget lists
down all income and expenses to help meet
financial obligations.
 Five Financial Improvement Strategies
4. Lay down your debt.

Living with debt is costly not just because

of interest and fees, but it can also
prevent people from getting ahead with
their financial goals.
 Five Financial Improvement Strategies
5. Secure your financial future.
Retirement is an uncontrollable stage in a worker’s life, of
which counterpart are losing the job, suffering from an illness or
injury, or be forced to care for loved one that may lead to an
unplanned retirement. Therefore, knowing more about
retirement options is an essential part of securing financial
future.
 Financial goal planning and setting

Setting goals is a very important part of life, especially in

financial planning. Before investing the money, consider
setting personal financial goals.

Financial goals are targets, usually driven by specific

future financial needs, such as saving for a comfortable
retirement, sending children to college, or enabling a
home purchase.
 There are three key areas in setting
investment goals for consideration

A. Time horizon.
It indicates the time when the money will be
needed. To note, the longer the time horizon, the
more risky (and potentially more lucrative)
investments can be made.
 There are three key areas in setting
investment goals for consideration
B. Risk tolerance.
Investors may let go of the possibility of a large gain if they
knew there was also a possibility of a large loss (they are called
risk averse); while others are more willing to take the chance of
a large loss if there were also a possibility of a large gain (they
are called risk seekers). The time horizon can affect risk
tolerance.
 There are three key areas in setting
investment goals for consideration

C. Liquidity needs.
Liquidity refers to how quickly an investment can
be converted into cash (or the equivalent of cash).
The liquidity needs usually affect the type of
chosen investment to meet the goals.
 There are three key areas in setting
investment goals for consideration
D. Investment goals: Growth, income and stability.
Once determined the financial goals and how time horizon, risk
tolerance, and liquidity needs affect them, it is time to think about
how investments may help achieve those goals. When considering
any investment, think about what it offers in terms of three key
investment goals:
1. Growth (also known as capital appreciation) is an increase in the
value of an investment;
 There are three key areas in setting
investment goals for consideration
D. Investment goals: Growth, income and stability.
2. Income, of which some investments make periodic
payments of interest or dividends that represent
investment income and can be spent or reinvested; and

3. Stability, or known as capital preservation or protection

of principal.
An investment that focuses on stability
concentrates less on increasing the value of
investment and more on trying to ensure that
it never loses value and can be taken when
needed.
 Budget and Budgeting
 A budget is an estimation of revenue and
expenses over a specified future period of time
and is usually compiled and re-evaluated on a
periodic basis.
 Budgets can be made for a variety of individual
or business needs or just about anything else
that makes and spends money.
 Budget and Budgeting

 Budgeting, on the other hand, is the process of

creating a plan to spend money.
 Creating this spending plan allows one to
determine in advance whether he/she will have
enough money to do the things he/she needs or
likes to do.
 Budget and Budgeting

 Thus, budgeting ensures to have enough

money for the things needed and those
important ones and will keep one out of
debt.
 SEVEN STEPS TO
GOOD BUDGETING
The following are seven steps that may help in
attaining good budgeting.

Step 1: Set realistic goals.

Goals for the money will help make smart
spending choices upon deciding on what is
important.
 SEVEN STEPS TO
GOOD BUDGETING
Step 2: Identify income and expenses.
Upon knowing how much is earned each month and
where it all goes, start tracking the expenses by
recording every single cent.
Step 3: Separate needs from wants.
Set clear priorities and the decisions become easier
to make by identifying wisely those that are really
needed or just wanted.
 SEVEN STEPS TO
GOOD BUDGETING
Step 4: Design your budget.
Make sure to avoid spending more than what is earned.
Balance budget to accommodate everything needed to be
paid for.
Step 5: Put your plan into action.
Match spending with income time. Decide ahead of time
what you will use each payday. Non-reliance to credit for
the living expenses will protect one from debt.
 SEVEN STEPS TO
GOOD BUDGETING
Step 6: Plan for seasonal expenses.
Set money aside to pay for unplanned expenses so to
avoid going into debt.
Step 7: Look ahead.
Having a stable budget can take a month or two so,
ask for help if things are not getting well.
 SPENDING

If budget goals serve as a financial wish list, a

spending plan is a way to make those wishes a
reality. Turn them into an action plan.
The following are practical strategies in setting
and prioritizing budget goals and spending plan:

1. Start by listing your goals.

Setting budget goals requires forecasting and
discussing future needs and dreams with the
family.
2. Divide your goals according to how long it will
take to meet each goal.

Classify your budget goals into three categories: short-term

goals (less than a year), medium-term goals (one to five years),
and long-term goals (more than five years). Short-term goals
are usually the immediate needs and wants; medium term goals
are things that you and your family want to achieve during the
next five years; and long-term goals extend well into the future,
such as planning for retirement.
3. Estimate the cost of each goal and find out how
much it costs.

Before assigning priority to goals, it is important

to determine the cost of each goal. The greater the
cost of a goal, the more alternative goals must be
sacrificed in order to achieve it.
4. Project future cost.

For short-term goals, inflation is not a factor, but

for medium and long-term goals, it is a big factor.
To calculate the future cost of the goals, there is a
need to determine the rate of inflation applied to
each particular goal.
5. Calculate how much you need to set aside each
period.

Upon knowing the future cost of the goals, next is

to determine how much to put aside each period to
meet all the goals.
6. Prioritize your goals.
Upon listing down all the goals and the estimated amount
needed for each goal, prioritize them. This serves as guide
in decision-making.
7. Create a schedule for meeting your goals.
It is important to lay down all the goals according to
priority with the corresponding amount of money needed,
the time it will be needed, and the installments needed to
meet the goals.
 Investment and investing

As teachers, when you have saved more money

than what you expect at a time of need, consider
investing this money to earn more interest than
what your savings account is paying you.
 Investment and investing

There are many ways you can invest your money

but consider four aspects:
1. How long will you invest the money?
(Time Horizon)
2. How much money do you expect your
investment to earn each year?
(Expectation of Return)
 Investment and investing

3. How much of your investment are you willing

to lose in the short-term in order to earn more in
the long-term? (Risk Tolerance)

4. What types of investment interest you?

(Investment Type)
 SAVINGS
In order to get out of debt, it is important to
set some money aside and put it into a savings
account on a regular basis. Savings will also
help in buying things that are needed or
wanted without borrowing.
 Emergency Savings Fund
Start as early, setting aside a little money for
emergency savings fund. If you receive a
bonus from work, an income tax refund or
earnings from additional or side jobs, use them
as an emergency fund.
With credit so easy to get, here are
ten practical reasons why it is
important to save money that
everyone, including teachers, must
know.
 10 Reasons Why Save Money
1. To become financially independent.
Financial independence is not having to depend on
receiving a certain pay but setting aside an amount to have
savings that can be relied on.
2. To save on everything you buy.
With savings, you can buy things when they are on sale
and can make better spending choices without being
compromised on credit card interest charges.
 10 Reasons Why Save Money
3. To buy a home or a car.
Savings can be used in buying a home in full or down
payment, especially in times of promo deals, bids and
inevitable sale and at a reasonable interest rate.
4. To prepare for the future.
Through savings, you can be confident to face the future
without worrying on how you will survive.
 10 Reasons Why Save Money
5. To get out of debt.
If you want to get out of debt, you have to save
money.
6. To augment annual expenses.
In order to attain a good, stress-free financial life, there is
a need to save for annual expenses in advance.
 10 Reasons Why Save Money
7. To settle unforeseen expenses.
Savings can respond to unforeseen expenses in times of
need.
8. To respond to emergencies.
Emergencies may happen anytime and these can be
expensive so, there is a need to get prepared rather than
potentially become another victim of an emergency.
 10 Reasons Why Save Money

9. To mitigate losing your job or getting hurt.

Bad things can happen to anyone, such as losing a job,
business bankruptcy or crisis, being injured or becoming
too sick to work. Therefore, having savings is the key to
resolve such a dilemma.
 10 Reasons Why Save Money

10. To have a good life.

Putting aside some money to spend when needed can
bring about quality and worry-free life at all times.
Financial fraud can happen to anyone, including the
teachers at any time. While some forms of financial
fraud, such as massive data breaches, are out of
one’s control, there are many ways to proactively
get rid of financial scams and identity theft.
 Common Financial scams to avoid

A. Phishing
Using this common tactic, scammers send an email that appears to
come from a financial institution, such as a bank and asks you to
click on a link to update your account information. If you receive
any correspondence that asks for your information, never click on
the links or provide account details. Instead, visit the company’s
website, find official contact information, and call them to verify
the request.
 Common Financial scams to avoid

B. Social Media Scams

Scammers are adept at using social media to gather information
about the traveling habits of potential victims. They also have
phishing tactics, including posts seeking charity donations with
bogus links that allow them to keep your money. Therefore, be
conscious of the information you post online, especially personal
details and plans for a vacation that you would leave your house
unoccupied.
 Common Financial scams to avoid

C. Phone Scams
Another prevalent tactic is scamming phone calls. The
scammers pose as a government agency, such as the
Bureau of Internal Revenue or local law enforcement
agencies, and use scare tactics to acquire your personal
information and account numbers.
 Common Financial scams to avoid

C. Phone Scams
Never provide your account information over the
phone. Look for the agency’s contact information,
and call them to verify any request. To note,
government agencies will never text or call you to
ask for money.
 Common Financial scams to avoid

D. Stolen Credit Card Numbers

There are numerous ways that scammers can obtain
your credit card information, including hacking,
phishing, and the use of skimming devices, such as
small card readers attached to unmanned credit card
readers (i.e. ATMs, gas pumps, and more).
 Common Financial scams to avoid

D. Stolen Credit Card Numbers

These small devices pull data from your card

when you swipe it. Before you use an ATM or
swipe your card, look for suspicious devices that
may be attached to the card reader.
 Common Financial scams to avoid

E. Identity Theft
Depending on the amount of information a scammer is able to
obtain, identity theft may extend beyond unauthorized charges
on a debit or credit card. If scammers are able to obtain your
Social Security number, date of birth, and other personal
information, they may be able to open new accounts in your
name without your knowledge.
By taking preventative measures and being
aware of scams, you can minimize the risks
of fraud. Monitoring your online or mobile
banking accounts daily can also help you
see fraudulent charges quickly.
Every year, fraud cases are getting worse, leaving
countless victims in trouble and danger through
data breaches, identity theft and online scams.
Unfortunately, new and improved technology only
gives fraudsters an edge, making it easier than ever
for scam artists to nab financial data from
unsuspecting consumers (Bell, 2019).
 10 Tips to Avoid Common
Financial Scams

1. Never wire money to a stranger.

Although it is one of the oldest internet scams,

there are still consumers who fall for this rip-off
or some variations of it.
 10 Tips to Avoid Common
Financial Scams

2. Don’t give out financial information.

Never reveal sensitive personal financial

information to a person or business you
don’t know, thru phone, text or email.
 10 Tips to Avoid Common
Financial Scams

3. Never click on hyperlinks in emails.

If you receive an email from a stranger or
company asking you to click on a hyperlink or
open an attachment and then, enter your financial
information, delete the email immediately.
 10 Tips to Avoid Common
Financial Scams
4. Use difficult passwords.
Hackers can easily find passwords that are simple
number combinations. Create passwords that are at least
eight characters long and that include some lower and
upper case letters, numbers and special characters. You
should also use a different password for every website
you visit.
 10 Tips to Avoid Common
Financial Scams

5. Never give your social security number.

If you receive an email or visit a website that

asks for your Social Security number, ignore it.
 10 Tips to Avoid Common
Financial Scams
6. Install Antivirus and Spyware protection.
Protect the sensitive information stored on your
computer by installing antivirus, firewall and spyware
protection. Once you install the program, turn on the
auto-updating feature to make sure the software is
always up-to-date.
 10 Tips to Avoid Common
Financial Scams
7. Don’t shop with unfamiliar online retailers.
When it comes to online shopping, only do
business with familiar companies. When
purchasing a product from an unfamiliar retailer,
do some research to ensure the business is legit
and reputable.
 10 Tips to Avoid Common
Financial Scams
8. Don’t download software from pop-up windows.
When you are online, do not trust pop-up windows that
appear and claim your computer is unsafe. If you click
on the link in the pop-up to start the “system scan” or
some other programs, malicious software known as
“malware” could damage your operating system.
 10 Tips to Avoid Common
Financial Scams
9. Make sure the websites you visit are safe.
Before you enter your financial information on any
website, double-check the website’s privacy rules.
Also, make sure the website uses encryption, which is
usually symbolized by a lock to the left of the web
address which means it is safe and protected against
hackers.
 10 Tips to Avoid Common
Financial Scams

10. Donate to known charities only.

If you receive a call or an email for solicitation of
charity donations, critically examine it. Some
scammers create bogus charities to steal credit
card information.
Students can also be susceptible to different financial
scams and fraud. Learning how to manage finances and
being aware of financial scams are skills that every
student should master.
The following are common financial scams that students
should watch out for, and learn to protect one’s identity
and finances.
 Financial Scams among
Students
A. Fake scholarships
While it is beneficial for students to apply for as many
scholarships, it is important to become aware of related
scams and frauds. Students should thoroughly check
scholarship sources before applying to verify
legitimacy. Never apply for a scholarship that asks for
money in return.
 Financial Scams among
Students
B. Diploma mills
There are schools that offer fake degrees and
diplomas in exchange for a fee. Check from
government education agencies the prospective
school to enroll in if it is government-recognized,
legitimate or accredited.
 Financial Scams among
Students
C. Online book scams.
While students often go for the best deals on
textbooks online, scammers can use this
opportunity to get students’ credit card
information. When buying anything online, be
sure to do it on a credible site.
 Financial Scams among
Students
D. Credit card scams
Oftentimes, credit card companies go to school
campuses to convince students to fill out card
applications. Scammers may also grab this chance to
steal students’ information: It is important to visit a
local credit union or bank for credit card application.
 Financial Scams among
Students

D. Credit card scams

Also, regularly check the credit card statement
and once there are any unrecognized charges,
contact your banking institution immediately.
 Insurance and taxes

Insurance is a contract (in the form of a policy)

between the policyholder and the insurance
company, whereby the company agrees to
compensate for any financial loss from specific
insured events.
 Insurance and taxes

In exchange for the financial protection offered,

policyholder agrees to pay a certain sum of money,
known as premiums to the insurance company.
Insurance is the best form of risk management
against uncertain loss.
 Insurance and taxes

There are various types of insurance to choose

from, such as life insurance, health insurance,
motor insurance, property insurance, business
insurance, etc. Besides, the financial protection
derived from insurance entails tax benefit claim on
the paid premiums.
 Insurance and taxes

The following are concepts related to insurance and

taxes that every teacher should know. However,
he/she should carefully analyze and critically
examine well before pursuing any deal with them.
 Insurance and taxes

1. Employer-Sponsored Insurance
If working in a company with 50 or more full-time
employees, the employer is required to provide
employee-only insurance that meets minimum
guidelines. Examine the plan offered, but do not pay
over 9.66 percent of household income in premiums.
 Insurance and taxes
2. Marketplace Plans
Marketplace plans are available based on an area of
residence and income upon meeting minimum
coverage requirements. Marketplace plans come in
three tiers: bronze, silver and gold. Generally, bronze
plans offer the least coverage at the lowest premiums,
while gold plans provide the most coverage at the
highest price.
 Life Insurance

Life insurance is a type of insurance that

compensates beneficiaries upon the death of the
policyholder. The company will guarantee a
payout for the beneficiaries in exchange of
premiums. This compensation is called “death
benefit.”
 Life Insurance

Depending on the type of insurance one may

have, these events can be anything from
retirement, to major injuries, to critical illness
or even to death.
 Life Insurance
The following are common risk categories:
1. Preferred Plus - The policyholder is in excellent
health, with normal weight, no history of smoking,
chronic illnesses, or family history of any life-
threatening disease.
2. Preferred - The policyholder is in excellent health but
may have minor issues on cholesterol or blood pressure
but under control.
3. Standard Plus - The policyholder is in very
good health but some factors, like high blood
pressure or being overweight impede a better
rating.
4. Standard - Most policyholders belong to this
category, as they are deemed to be healthy and have
a normal life expectancy although, they may have a
family history of life-threatening diseases or few
minor health issues.
5. Substandard - Those with serious health issues, like
diabetes or heart disease are placed on a table rating system,
ranked from highest to lowest. On average, the premiums will
be similar to Standard with an additional 25% lower claim on
table ratings.

6. Smokers - Due to an added risk of smoking, the

policyholders in this category are guaranteed to pay more.
Aside from health class, age is also a critical factor in
determining premiums. Therefore, older people pay more
expensive premiums.
 Benefits of Life
Insurance
1. It pays for medical and funeral costs
Life insurance helps solve the incurred expenses
for medical and funeral services to lessen the grief
among family and relatives for being unprepared.
 Benefits of Life
Insurance
2. For financial support
Life insurance can become a source of temporary
income during the difficult period of adjusting and
coping with the loss of a loved one, especially if
he/she is the breadwinner.
 Benefits of Life
Insurance
3. For funding various financial goals
Life insurance offers additional benefits through
the form of fund accumulation for specific future
financial goals.
 Benefits of Life Insurance
4. Acts as a retirement secured conform
Modern life insurance also serves as a tool that principal
holders can use to get in a better financial position in the
future.
5. It covers costs incurred from taxes and debt
Life insurance can serve as protection since the premium
can be used to pay for unsettled debts and taxes.
 Types of Life Insurance
Type Characteristics Advantage Disadvantage
1. Endowment It grants a lump sum It allows for saving It requires higher
after a specified amount up for specific premiums than
of time or upon death. purposes.
other types of life
The policy owner is
required to pay the It guarantees returns insurance.
premium for a upon maturity.
predetermined number It is not the best
It offers some form
of years or until a option for those
of insurance
specific age is reached. looking at full life
coverage.
protection.
 Types of Life Insurance
Type Characteristics Advantage Disadvantage
2. Term It is the simplest It entails low It has no benefit if
form of life premium policyholder
requirements.
insurance to obtain, outlives the term
of which upon It is a strong option period set.
death, the for policyholders
beneficiaries are who need insurance Premium usually
paid with the but cannot afford gets higher upon
benefit. whole life or renewal of terms.
endowment.

It is easy to
understand.
 Types of Life Insurance
Type Characteristics Advantage Disadvantage
3. Whole Life It provides coverage for It offers permanent It requires higher
the policyholder’s entire protection for full premiums.
life or until they reach life or 100 years.
100 years old. It acts It is flexible in terms It is difficult to
both as protection and of payments of understand due to
savings mechanisms premiums. complexity
since a portion of the
premium is allocated to It entails fixed
build up cash values. premiums.
It usually comes with
additional features
and “living” benefits.
 Types of Life Insurance
Type Characteristics Advantage Disadvantage
4. Variable It serves as both life It takes dual purpose: Life Cash values and
protection and investment insurance plus investment dividends are not
Universal Life vehicle in one package. A tool.
guaranteed
(VUL) portion of the premium is It has no maturity age.
allocated into various
investment vehicles for the The cash value is payable Face amount and
purposes of wealth creation. along with the assured sum. death benefit are
The contract’s earnings are The death component is not dependent on
based on the performance of limited to face value. investment
selected investments.
performance.
It depicts liquidity, wherein
funds can be accessed in
times of need and can serve It includes various
as emergency funds. investment fees.
 financial stability

Like anyone else, teachers also aim to become

financially stable if not today, maybe in the future.
Being financially stable means confidence with the
financial situation, worriless paying the bills
because of available funds, debt-free, money
savings for future goals and enough emergency
funds.
 financial stability

Financial stability is not about being rich but rather

more of a mindset. It is living a life without worrying
about how to pay the next bill, and becoming stress-
free about money while focusing energy on other
parts of life (Silva, 2019).
 10 strategies in reaching financial
stability

Just like any goal, getting the finances stable and

becoming financially successful requires the
development of good financial habits. Babauta
(2007) suggests 10 habits toward financial stability
and success.
 10 strategies in reaching financial
stability

1. Make savings automagical

Savings should be made a top priority, especially as
an emergency fund and a bill payment from the
amount are automatically transferred from the
checking account, like an online savings account.
2. Control your impulsive spending
Control your self from impulsive spending on eating out,
shopping and online purchases that may ruin your
finances and budget.

3. Evaluate your expenses and live frugally

Analyze how you spend your money, see what you can
reduce and determine expenses that are necessary and
eliminate the unnecessary.
4. Invest in your future
Start preparing and investing for your future
retirement while still young in your career field.

5. Keep your family secure

Save for an emergency fund, so that you have
something to spend if anything happens with the
family emergently.
6. Eliminate and avoid debt
Eliminate credit cards, personal loans, or other debt
forms as it will not work on you but even pull you
down and make you drowned with obligations that
may even resort to surrendering your properties,
jewelry and investments as payment.
7. Use the envelope system
Set aside three amounts in your budget each payday,
withdraw those amounts and put them in three separate
envelopes. In that way, you can easily track how much
remains for each of the expenses or if you already run
out of money.
8. Pay bills immediately
One good habit is to pay bills as soon as they come in
and try to get your bills to be paid through automatic
deduction.
9. Read about personal finances
The more you educate yourself, the better your
finances will be.
10. Look to grow your net worth
Do whatever you can to improve your net worth,
either by reducing your debt, increasing your
savings, or increasing your income, or all of the
above.
 Signs of Being Financially
Stable
Teachers, like any one else, often work to the extent
to earn more even through additional jobs on the side
just for their desire for financial stability.
Rose (2019) presents some signs of a financially
stable person.
 Signs of Being Financially
Stable
1. You never overdraw your checking account.
2. You don’t lose sleep over finances.
3. You use credit cards for convenience and rewards but
never out of necessity.
4. You don’t worry about losing your job.
5. You pay your bills ahead of time.
 Signs of Being Financially Stable
6. People ask your opinion about financial matters and you
inspire them.
7. You’re generally happy with your financial situation.
8. You finance your cars over five years or less if you take
loans at all.
9. You contribute more to your retirement.
10. You don’t feel guilty when you’re out for special
occasions.
 Signs of Being Financially Stable

11. You can afford to buy the things you really want.
12. Recreational spending doesn’t appeal to you.
13. You’re a natural saver.
14. You’re generous with money when it comes to
charities or helping others.
15. You’re confident about your future.
 Signs of Being Financially Stable
16. Your net worth grows significantly from year to year.
17. You have substantial equity in your home.
18. You consistently live beneath your means.
19. You could survive for months without a paycheck.
20. You feel in control of your finances and never
dominated by them.
 Integrating Financial Literacy into the
Curriculum

Financial education in schools should be part of a

collaborative national strategy to ensure relevance and
long-term sustainability. The education system and
profession should be involved in the development of the
strategy.
 Integrating Financial Literacy into the
Curriculum

In support, Barry (2013) underscored that financial

literacy has a wide repercussion outside the family circle
and more precisely, the school. Hence, administrators and
professors need to develop a curriculum that would
provide students insights on having the value of financial
literacy including the effect it can bring them.
 Integrating Financial Literacy into the
Curriculum

Moreover, there should be a learning framework, which

sets out goals, learning outcomes, content, pedagogical
approaches, resources and evaluation plans. The content
should cover knowledge, skills, attitudes and values. A
sustainable source of funding should be identified at the
outset.
 Integrating Financial Literacy into the
Curriculum

Financial education should ideally be a core part of the

school curriculum. It can be integrated into other subjects
like mathematics, economics, social studies, technology
and home economics, values education and others.
Financial education can give a range of ‘real-life’ contexts
across a range of subjects.
 Integrating Financial Literacy into the
Curriculum

Teachers should be adequately trained and resourced,

made aware of the importance of financial literacy and
relevant pedagogical methods and they should receive
continuous support to teach it or integrate in their
lesson.
 Integrating Financial Literacy into the
Curriculum

More so, there should be easily accessible, objective,

high- quality and effective learning tools and
pedagogical resources available to schools and teachers
that are appropriate to the level of study. Students’
progress should also be assessed through various high
impact modes.
Thank
You