Name: Jessele Kieth T.

Bie

Year and Course: 3-BSED Math A

Subject: EDUC 328

MODULE 8

Application

1. The critical factors in personal financial planning among higher education

teachers are:
 Retirement Planning – 7.132%
 Financial Planning – 7.127%
 Financial Management – 6.759%
 Tax Planning and Control – 6.369%
 Financial Capacity and Inflation – 5.841%
2. The impact of the factors of financial literacy and planning among
teachers should aid policy makers and practitioners in formulating
appropriate strategies to bridge any financial literacy gaps
Module Assessment

Fill in the following “alkansya” with concepts or financial literacy related to

budgeting, spending, investing, and saving. Then, cite reasons why we need to
have them also ways in applying or practicing them. You may write explanations
on the spaces below of alkansya.

Budgeting Spending

Probably the most important

The most powerful and impact-
concept because it is a personal
full tool that we can adopts to
reflection of our values, lifestyle,
control spending to allow for
and financial behavior.
saving and investing. Creating
Differencing between needs and
the right balance throughout the
wants is the basic concept of
primary uses of money allows
controlling spending.
individuals to better allocate
their income, resulting in
financial security and prosperity.

Investing Saving

To become a financial literate, we First of all, we should have a

must learn about key components
in regards to investing. Some of the
components that should be learned
to ensure favorable investment are
interest rates, price levels,
diversification, risk mitigation, and
indexes. Learning this crucial
investment components makes us
to have a smarter financial
decisions that will result in an
increased inflow of income.
saving and a checking account to
manage our own financial
transactions. We should start
saving early and pay ourselves
first to help us understand the
concept that save money grows
our time which also leads us to
explore long-term investments
for retirement planning.
From your reasons and ways of applying it, define financial literacy and determine
ways on how to integrate financial literacy in the curriculum.

Financial literacy is the cognitive understanding of financial components and

skills such as budgeting, investing, saving, and spending. Devise a plan to
integrate financial concepts into the curriculum and instructional management
strategy. In addition, there should be a learning framework that sets out goals,
learning outcomes, content, pedagogical approaches, resources and
evaluation plans. The content should include knowledge, skills, attitudes and
values. To begin with, a sustainable source of funding should be identified.
Financial education in schools should be part of a collaborative national strategy
to ensure relevance and long-term sustainability. The education system and the
profession should be involved in developing the strategy. Financial literacy should
ideally be an integral part of the school curriculum. It can be integrated with other
subjects such as math, economics, social studies, technology and home
economics, values education, and others. Financial literacy can provide a range
of real-life contexts across a range of subjects. Teachers should be adequately
trained and resourced, made aware of the importance of financial literacy and
relevant pedagogical methods, and given ongoing support to teach them or
incorporate them into their classrooms. In addition, schools and teachers should
be provided with easily accessible, objective, high-quality and effective learning
tools and pedagogical resources appropriate to the level of learning. Student
progress should also be assessed through various high-impact modes.