Personal Finance

Free Personal Finance Course for Tech-Voc Learners to be Launched

Published

2 years ago

June 12, 2023

Graphics by ASC

The Technical Education and Skills Development Authority (TESDA), in collaboration with the Bangko Sentral ng Pilipinas (BSP) and BDO Foundation (BDOF), aims to enhance the financial literacy of over 4 million tech-voc learners through a free online course on personal finance.

The partnership aims to equip learners with the necessary skills to succeed in personal finance management.

According to TESDA Director General Danilo P. Cruz, the 21st-century work environment requires individuals to demonstrate self-management and lifelong learning.

Through a financial literacy course, learners will develop self-management strategies and make informed financial decisions aligned with their life and career goals.

The Financial Literacy Course (FLC) will be accessible to both the general public and technical-vocational education and training (TVET) learners through the TESDA Online Program (TOP) platform.

The course, expected to launch in 2024, will cover various topics such as financial planning, saving and budgeting, debt and investment management, digital financial literacy, and consumer protection.

Governor Felipe Medalla emphasized the crucial role of TVET learners in the economy and the significance of partnerships in upskilling vulnerable sectors. He highlighted the empowerment that financial literacy brings, enabling learners to take control of their personal and financial growth, ultimately benefiting themselves, their families, and the economy.

The partnership among TESDA, BSP, and BDO Foundation aligns with the National Strategy for Financial Inclusion (NSFI) 2022-2028, which prioritizes financial education and consumer protection for underserved sectors. By focusing on the financial and digital literacy of TVET learners, the partnership aims to contribute to the NSFI’s objectives and initiatives.

The TESDA Online Program offers 151 online courses across various sectors and has attracted approximately 4.4 million registered users currently. (GFB)