DEPED Order No.

22, s2021
dated June 03, 2021
 DEPED issues Financial Education Policy
pursuant to the provisions of:

RA 10922 – Economic and Literacy

Act of 2016
RA 10679 – Young Entrepreneurship
Act of 2016
A. aims to intensify the
integration of Financial
Education in the K to 12
Basic Education Curriculum
in various discipline across
grade levels
B. targets to enhance the financial
literacy and financial capability of
all learners, public school teachers
and DEPED personnel to make
sound financial decisions that lead
to financial health and financial
inclusion
I:Rationale
a. vital in developing financially literate citizenry;

b. empower citizens to make wise decisions;

c. take advantage of economic opportunities;
d. achieve financial health
e. contribute more productively to inclusive
growth and be more effective agents of
nation building
f. ensure an increasing number of youth
and adult with relevant skills and
competencies for productive lives and
poverty reduction
 Financial Education with Financial
Protection is among the key pillars of
the National Strategy for Financial
Inclusion (NSFI)
 NSFI provides a platform for the
collaboration of public and private sectors
 ensure synergy of actions to achieve
shared objectives of;
a) financial education;
b) consumer protection;
c) financial inclusion
Role of Financial Education in Economic
Development is mandated by these laws:
a. RA N0. 10922
Economic and Financial Literacy (EFL) Act
b. RA No. 10679
Youth Entrepreneurship Act Act
 All public and private elementary and
secondary schools under DEPED and state and
private colleges and universities under CHED and
NYC are mandated to conduct consciousness
raising and knowledge-expanding activities on
economic and financial literacy, set up literature
corners, organize fora, training and conduct basic
economic and financial management classes.
 the promotion of youth entrepreneurship
and financial literacy program shall be
inculcated in all levels of education
nationwide.
DEPED shall ensure that the K-12
Curriculum shall be supported by programs on
entrepreneurship and financial literacy (Sec. 4,
RA 10533)
 DEPED responds to the urgent
need to improve the financial literacy
and financial capabilities in the
Philippines.
This urgency has also been
amplified in surveys that indicate low
levels of financial literacy in the
Philippines.
 A survey by the Central Bank of the
Philippines has shown the following:

a. 41% of Filipinos can only answer

1 of 3 financial literacy questions
correctly

b. 8% can answer all three

correctly
 there are also studies that show
segments of the population appearing to
struggle the most in understanding basic
financial concepts which include adults
who did not save as a child.
 those who develop the habit of saving
at young age outperform their peers in:
a) choosing financial
products and services;
b) monitoring expenses;
c) managing debts; and,
d) planning retirement
 DEPED recognizes the importance of
enhancing the competencies of learners and
teachers and its contribution to the overall
improvement of level of financial literacy
financial capability of Filipinos.
Through this, DEPED provides
comprehensive content and pedagogy on
financial literacy such as earning, saving,
spending, budgeting, donating, investing,
and protecting consumers.
 Overall, this Policy provides direction,
guiding principles and procedures on the
implementation and monitoring of the
integration of Financial Education,
including the measurement of
effectiveness and its impact
II: Scope and Coverage
III: Definition of Terms
a. Contextualization
educational process of relating the
curriculum to a particular setting or area
of application to make th competencies
relevant, meaningful and useful to all
learners
a. Contextualization
The degree of contextualization
may be described and distinguished
into the following:
b. Entrepreneurship
Activity of setting up a business/es taking
on financial risks in the hope of profit

c. Financial Education
Systematic process of teaching and
learning to acquire and improve financial
capability
d. Financial Capability
Ability of consumers to use the acquired
financial literacy to make better in their
finances formed decisions about
managing
e. Financial Health
Condition in which a leaner/consumer can:
- balance income and expenses
- build and maintain reserves
- manage existing debts
- plan and prioritize
- manage and recover from financial shock
- use an effective range of financial tools
f. Financial Inclusion
Effective use by financial consumers of
suitable financial services that are safely
delivered through digital and traditional
channels that can empower them to
achieve their
g. Financial Literacy
Level of knowledge of a learner about
financial concepts and principles
h. Learners
Those who undertake Financial Education
I. Consumers
Students, teachers and stakeholders that
would benefit from Financial Education
IV: Policy Statement
DEPED institutionalizes and intensifies the
integration of Financial Education in support of
national and international development goals.
It targets to enhance the financial literacy and
capability of learners, teachers, and personnel
to make sound financial decisions leading to
financial health and financial inclusion.
 It also sets the principles and guidelines for:
a) efficient and effective teaching and
learning of Financial Education
Concepts and Core Messages
aligned with
competencies in all learning areas across all
grade levels.
 b) it anchors on the use of
pedagogical approach that are:
1.
constructivist
2. inquiry-
based
3. reflective
4. collaborative
5. integrative
 This policy also aims to make
Financial Education an integral part of:

1. lesson
planning
2. instructional
design
3. classroom and school activities
4. professional development
for learners in particular, this policy aims to :
for private schools’ teachers, school heads and
administrators, this policy aims to :
for public schools teachers, heads and concerned
supervisors from ROs/DOs this policy aims to :
for DEPED non-teaching personnel in
particular, this policy provides guidance to :
V: Procedures
c. Lesson Exemplars in each learning area shall be
provided as resources and/or reference for lesson
delivery. These exemplars with relevant supplemental
tools shall be used by teachers to guide the integration
of relevant Financial Education Concepts and Core
Messages in the lessons which could be
contextualized whenever applicable.
1. understand the value of money and resources
2. understand how money and resources are
acquired
3. plan and manage the use of money and resources
4. save and share money and resources
5. apply classroom lessons through
financial inclusion mechanism
 To achieve the vision of a financially literate nation,
DEPED may enter into partnership with external organizations
from the public/private sectors in coordination with the Office
of Eternal Partnership and subject to a Financial Education
Partnership Framework. DEPED shall collaborate to develop;
1. Financial Education Partnership Framework indicating the:
a. Criteria for selection of partner organizations
b. Key areas requiring external support
c. Procedure into entering partnership
2. The Framework shall be anchored on:
a. Shared objectives and responsibilities
b. Devoid of conflict of interest and commercial gains
c. Provision of technical and logistic in the
development of learning tools and materials on the
implementation of capacity building, deployment of
measurement, and evaluation mechanism
VI: Roles and Responsibilities
DEPED Central Office CO
2. Accredit Financial Education training programs,
trainers and training providers that that may be
tapped by DEPED Offices at the national, regional
and division levels to provide relevant trainings on
Financial Education. This includes the development
of the necessary accreditation criteria and
procedures
3. Link and manage partnership with external
organizations in developing and implementing
relevant training programs on Financial Education
for teachers, school heads, and supervisors
DEPED Regional Office RO
Schools Division Offices SDOs
DEPED Schools
VII: Activities and Timelines
VIII: Monitoring and Evaluation
DEPED Central Office
DEPED Regional Office
DEPED Schools Division Office
Schools
IX: Effectivity
Financial Education
Core Messages for
Integration
1. General – 17 CM 5. Budget – 10 CM
2. Earn – 4 CM 6. Donate – 6 CM
3. Save – 18 CM 7. Invest – 4 CM
4. Spend – 16 CM 8. Protect – 2 CM
Total = 77 Core Messages for Integration
GENERAL – 17 Core Messages for Integration

1. Each person has different needs and must make good

decisions on how to earn, save, borrow, spend and
donate money.
2. Know the difference between “needs”, “wants”, and
“demands”.
3. Understand how to make choices with savings
and spending money
4. Understand the concepts of earn, save, spend
and donate
5. Master the steps of the money cycle: earn,
save, spend, borrow and donate

6. Understand the need for money and resources

for you and your community

7. It is important to earn income from different sources

to pay for their needs, wants and demands in living
expenses and cope with emergencies.

8. Be mindful of money borrowed in terms of principal

value and interest
9. Able to connect financial plans to other external
financial factors such as Commercial and Thrift Banks,
Credit Unions, Insurance Companies, Brokerage, and
Investment Companies
10. Financial Literacy is associated to the development
of a family and the country
11. Understand financial management (self and others)
and risks (back up plans and disasters)
12. Understand the value of their possessions,
resources and using them responsibly
13. Financial Planning and Management will help us
become money-smart persons
14. Financial Planning and Management is an ongoing
process in helping make sensible decisions about
money to help achieve life goals
15. Failing to plan is planning to fail

16. Define financial goals and priorities

17. Identify the relationship between plans and

manage financial consequences
EARN – 4 Core Messages

1. Identify ways of earning money (good and bad)

2. Know how to spend money wisely

3. Adhere the importance of valuing

earned money
4. Money is hard-earned and easy
to spend
SAVE – 18 Core Messages

1. Save for the future

2. Having a goal motivates a person to save money

3. Learn to save up early so that resources may

be available in the future
4. Internalize the concept of saving is in the
mind and heart of the youth, success is
guaranteed in the future
5. Children use savings as a tool to improve one’s and
other’s life

6. Understand the concept of savings and

utilize the different resources

7. There are many ways to save money

8. Each member of the family has its own

way of saving
9. People who regularly save money
achieve their dreams and goals faster
10. Saving is important in making investments

11. Saving money in the bank is a good habit that

will help you, your family, and your country
12. It is important to follow a consistent habit of saving
money to achieve goals and cope with emergencies
13. Learn that if you want something, you have to save for it
14. Understand that putting money in the bank, money
box, piggy bank helps us save
15. Realize that the less you spend, the more you save

16. Learn about strategies for saving money

17. Coins are valuable especially when saved up
18. Make value for the saying of “save for the
rainy days”
SPEND – 16 Core Messages

1. Plan your spending by buying less of your wants

and demands
2. Planning and saving help us cope with
unexpected emergencies
3. Understand the difference between wants
versus needs versus demands
4. Know the importance of self-control
before spending money
5.Understand the relationship between moral
values and money
6. Understand that spending is not your only option
but you also have to understand other concepts
like earning, saving, borrowing and donating
7. Learn about consumption habits of oneself
and family’s and its impact in society
8. Think carefully before you spend

9. Value money earned

10. Money is a limited resource that must be spent
properly

11. Credit is a sum of money that a person or a bank

lends to you. Normally, you are required to pay
additional amount called interest when you return or
pay the loan back. The borrowed sum plus the
interest must be paid on time, and if possible, in full
to avoid additional interest charges and penalties
12. Debts should be used for beneficial goals and
investments
13. Debt is sometimes unavoidable

14. Debts MUST be paid, so borrow

only what you can pay
15. Have a clear plan on how to pay a debt

16. Learn that sometimes you have to wait to get what

you want
BUDGET – 10 Core Messages

1. Each member of the family plays a big role

in preparing and following budget
2. Proper planning of budget is the key to
a blissful family
3. Understand how financial choices
around budgeting can affect life
4. Identify relationship between
plans and financial consequences
5. Understand the value of family possessions,
resources and utilize them responsibly

6. Discipline is important in following

one’s prepared budget

7. Children are able to carefully plan,

budget, and manage resources,
8. Proper budgeting aids in the
management of resources

9. Understand how financial choices around

budgeting can affect life of a family

10. Budgeting is an important skill to learn to

succeed in life
DONATE – 6 Core Messages

1. Sharing our time and resources with those in

need creates a happy community

2. Sharing just don’t let you help others, it also

increases your worth as a person

3. Understand the meaning of joy when we

give without wanting anything in return
4. Realize that there are many ways for
us to donate money, time and item

5. Know that other than ourselves, we can also

get other people to as well

6. Learn that helping others will make this

world a better place to live in
INVEST – 4 Core Messages

1. Make a simple investment

2. Learn how to make every investment

grow and become profitable

3. Learn how to build one’s wealth

4. Explain the difference between savings
and investments
PROTECT – 2 Core Messages

1. Investing money is a good way to build

savings faster but there is the need to
understand clearly its risks and rewards

2. Insurance is an important part of financial

planning, it can be the safety nets that
protects family, way of life and the future
Thank