NAME: AIRON KENT A.

TIJAM BPED 3-A

SUBJECT: BUILDING AND ENHANCING NEW LITERACY SKILLS ACROSS CURRICULUM

MODULE 8: FINANCIAL LITERACY

Please answer the following questions:

1. What is financial literacy?
Answer: Financial literacy is the confident grasp of concepts such as saving,
investing, and debt management that leads to a sense of overall financial well-being
and self-confidence. It all starts with gaining a fundamental understanding of money
and how to manage it.

2. Differentiate budgeting, saving, spending, and investing.

Answer: Budgeting is simply for line item expenses, no return. Saving can also mean
putting your money into products such as a bank time account (CD). Investing —
using some of your money with the aim of helping to make it grow by buying assets
that might increase in value, such as stocks, property or shares in a mutual fund. It is
also not a line item and doesn't have to rely on fitting into a budget ! It offers a
valuable return on investment that can be calculated and measured. And lastly,
Spending is more on purchasing without return.

3. What are ways of avoiding financial scams?

Answer: Financial scams are on the rise, but there are 6 things you can do to make it much
harder for thieves: (Grab, nd)
 Never share your One Time Password (OTP).
 Never share your Password.
 Never share your Reset password link.
 Don't make financial transactions on open public networks.
 Set strong and unique passwords for every account.

4. How do you understand insurance and what type do you want to avail of?
Answer: Based on my own understanding, Insurance is way of helping you to
recover after something bad happens or you can have financial support from having
accidents, fire, theft etc. I want to avail on Life and Health Insurance for my security
in the near future.

5. How will you integrate financial literacy in the curriculum for related
disciplines?
Answer: According to (Kaplan, nd) to integrate financial literacy is to come up with
a plan to incorporate financial concepts into your curriculum and classroom
management strategy. For example, you can ask students to plan a fundraiser for a
charity or local organization as a class project. Calculating expenses, making a
budget, giving customers change, tracking profit, etc.
 6. When can we say that a person is financially stable?
Answer: You have confidence in your financial condition when you are financially
solid. You are not concerned about paying your debts because you are confident in
your ability to do so. You are debt-free, have money set aside for future goals, and
have enough saved to meet unexpected expenses.

NAME: AIRON KENT A. TIJAM COURSE&SECTION: BPED 3-A

ACTIVITY: FINANCIAL LITERACY

Directions: Fill-in the following coins with concepts on financial literacy related to
budgeting, spending, investing and saving. Then, cite the reasons why we need
to have them and also ways in applying or practicing them. You may write
explanations on the spaces below the coins inside the box.

Budgeting Spending Investing Saving

Why: Why: Why: Why:

How: How: How: How:

EXPLANATIONS

“BUDGETING”

Why: Budgeting plays a vital role in our lives. It help us to manage all the expenses to be
purchased, control our wants over needs, we can save more money, and prepare for
emergencies. Also, we can have a stable life, less of stress, get out of debt, and we can focus
more on long-term financial goals. Thus, we can make better financial decisions.

How: Don’t be so materialistic. Prioritize your needs over your wants. Be selective in terms
of purchasing. And make a plan in spending.

“SPENDING”

Why: It is good to spend our money especially when it can fulfil our needs, but sometimes
we have to put limitations in every decisions we might have to avoid regrets. Spending is
also important for it can create more opportunities to others. They can benefit from
spending and it can make the economy rise. Money will just cycle. As people continuously
in spending their country as well can earn.
 How: Track your finances. Stop trying to impress other people . Invest for
insurances and for home improvements. Pay off debts. Buy experiences rather than
material goods.

“INVESTING”

WHY: Investing means committing capital or funds to different types of assets with the
expectation that you will generate a gain or profit in the future from these investments
(Dividend, 2021). Investing is important for it can help improve one’s quality of Life. It
ensures present and future financial security.

B. Direction: Make a personal financial plan based on short-term and long-term goals. Use
the template sample provided below.

Short-term Goal Target Target SAVINGS PLAN Total

Cost Date Saving
Month Mont Mont Mont Mont
Value s
1 h2 h3 h4 h5

Long-Term Goal Target Target Year 1 Year Year Year Year Total
Cost Date 2 3 4 5 Saving
 Value s

(You may adjust the template depending on your data)

BUDGET PLAN
Outstanding Cash Income:
EXPENSES AMOUNT
1
2
3
4
5
6
Total
Remaining Cash

BUDGET PLAN
Outstanding Cash Income
Rank EXPENSES AMOUNT
General Expenses, Payables and House Share
Allowance
Bank Savings
Emergency Fund (Cash Available Anytime)
Insurance
Investment (i.e. Cooperatives, shares, business, etc.)
Total

Direction: Read and analyze each item carefully. Choose the letter of the best answer.
1. Surveys reveal that some teachers face their retirement without savings at hand
which usually bring them to worse poverty scenario. What are the reasons behind
this?
I. Culture of extended family dependency
II. Lack of priority on retirement preparation during earning career years
III. Strong passion and value for the teaching profession
IV. Lack of value on their career effort and remunerations
A. I and II only C. II and IV only
B. II and III only D. I, II, III and IV
2. Who among the following would be mostly target victims of financial scammers?
A. The rich and powerful C. The passive and submissive
B. The generous and kind D. The financially literate
3. Which of the following strategies can teachers LEAST consider in preparing for their
retirement?
A. Continuing
B. Sustain expenses relatively lower than salaries
C. Avail of life and retirement insurance
D. Frequent trips with grabbed promo fares and freebies
4. According to previous researches, teachers go into unreasonable debts and loans
which eventually lead them to payables and unnecessary leading them to surrender
their ATM cards. Which financial factor is considered the least to affect this practice
and its results?
A. Savings C. Compensation and fringe benefits
B. Expenses D. Emergency funds
5. Why are people victimized by financial scams that end up to the loss of properties,
investments and savings, and even to ruining their lives?
A. They have not learned in school how to avoid being scammed.
B. They desire for easy and quick money.
C. It is already their destiny that may happen anytime as sketched in the palm of
their lives.
D. It is always part of life and it is just that they are not wise enough to cope with it.