THE National Teachers and Employees Board of Directors and Senior Management participate a one-day Financial Literacy Workshop at Surestay Plus by Best Western Cebu Osmena Boulevard, Cebu City on August 15, 2025. Mr. Conrado Cabandi Jr, Bank Officer IV, BSP Visayas Regional Office served as the Resource Speaker.
There were two covered topics, Budgeting and Savings, and Kiddies Savings. The activity started with a slide.do activity with a question, “why save?”. he explained that budgeting is telling where the money goes. He presented a survey on, “How Filipinos Meet Regular Spending Needs: results showed that 24% used their savings, 28% used regular income, and 47% borrowed money.
A workshop on a monthly budget with the concepts of “budget, actual expenses, other income, and the difference for a 30,000.00 monthly income. Mr. Cabandi shared some budgeting techniques that might work for every Filipino citizens: reverse budgeting, balance budgeting, and envelope budgeting. He also discussed some reminders to remember that there is a need to avoid worries by following a budget plan, balance is the key, commit to your budget, discipline is essential. A “save” or “spend” game followed where the overall winners for the game are Dir Bianito Dagatan, Mandaue City SDO SDS; Dir Johnroy Ravina, City of Naga, and Dir Shiela Dela Cruz, Cebu City SDO.
Mr. Cabandi presented a BSP survey: “Why Filipinos Save?”. The results showed that 81% for emergency funds, 43% for life goals, 41 % for daily expenses, and 12% for retirement plan. He expressed that there is a need to start early with the savings concepts. Discussion in the concepts, “why save in banks” presented the following responses: liquidity, safety, security, and interest.
The second core topic was on Kiddies Savings: Teaching Kids the Value of Money, “Empowering the next generation through smart financial habits”. Why should kids save money presented the following concepts: develop discipline and delayed gratification, learn basic math and budgeting, understand needs and wants, and prepare for future needs. Some fun and creative ways to save money were presented. Role of parents in modeling financial behavior were also discussed. Financial literacy is not only anchored in a Republic Act, DepEd Memorandum, but needs to be considered as an essential factor where individuals manage their finances well, and contributes to broader economic health, reducing reliance on public assistance and boosting national productivity.
