The document discusses one of the most common financial problems faced by Filipino teachers which is having loans and monthly payments they cannot afford due to their low salaries which are often paid late. It explains that teaching is a demanding job that makes having a second job to supplement their income very difficult. The summary provides suggestions for teachers to avoid financial problems such as creating a financial plan to properly manage their money and expenses.
The document discusses one of the most common financial problems faced by Filipino teachers which is having loans and monthly payments they cannot afford due to their low salaries which are often paid late. It explains that teaching is a demanding job that makes having a second job to supplement their income very difficult. The summary provides suggestions for teachers to avoid financial problems such as creating a financial plan to properly manage their money and expenses.
The document discusses one of the most common financial problems faced by Filipino teachers which is having loans and monthly payments they cannot afford due to their low salaries which are often paid late. It explains that teaching is a demanding job that makes having a second job to supplement their income very difficult. The summary provides suggestions for teachers to avoid financial problems such as creating a financial plan to properly manage their money and expenses.
Activity 1 A. Identify one and most common financial problem of the teachers or the Filipino families. Discuss its causes and ways to avoid it. Loans and monthly payments are one of the most prevalent financial issues experienced by Filipino teachers, according to what I've read. Feelings of appreciation and success are more important to most instructors than monetary rewards. Governments are obliged to drastically reduce education budget allocations as a result of this accommodating strategy. Teachers in the Philippines are the ones who must cope with such major policy shifts. Their pay is below average compared to other occupations, and they are rarely paid on time. Teaching is both a physically and psychologically taxing profession. Outside of class, a teacher must dedicate time to preparation and evaluation. It makes doing a second job to augment your income very impossible. It signifies that a teacher's income is insufficient to cover all of his financial obligations. When the teacher is the family's primary or single breadwinner, things get a little trickier. To prevent losing school days owing to the convoluted purchasing method, the instructor may have to buy school materials out of his own wallet. Unexpected, but inevitable, expenses put a strain on the teacher's finances. To avoid this problems teachers should be wise and knowledgeable about the proper ways of spending their money. A financial plan may be quite beneficial. And if they have an income that can support their life and family requirements, it will be easier for them to manage their costs. FLEXIBLE LEARNING ACTIVITIES Design your own financial plan considering the principles of saving and investment.
Source of Income: Scholarship-1500 pesos per month
Monthly allowance from parents: 3000 pesos per month
Monthly Expenses Amount (Philippine Peso)
Load 400 Snacks/Foods 500 Transportation 250 Boarding House 800 Personal Necessities 350 Others 200 Investment/Insurance 200 Savings 500 Total Expense 3200 Monthly 4500 Income Profit 1300