/ 10 July 2024

THE DEPARTMENT of Education and China Bank Savings partnered on Tuesday to provide financial wellness training for teachers.

Niel Jumawan, CBS automatic payroll deduction lending group head and first vice president, said the “Financial Wellness Roadshow for Teachers” focuses on refreshing teachers’ knowledge about debt management, financial goal setting, personal statement of assets and liabilities analysis, and saving strategies and techniques.

He said the roadshow covers the whole country and had been conducted in Northern Luzon, National Capital Region and Calabarzon.

The seminar will be in General Santos City on Wednesday.

“We feel that, if we (actually) train and orient our teachers in terms of financial help, they can cascade it to their learners. It has an impact on nation-building,” he said in an interview.

Jumawan said if they focus on the education sector because they want teachers to plan their loans responsibly.
“We cater to other sectors. The market we serve is retail. We also have consumer loans, retail housing loans, auto-loan, and personal loans,” he added.

Milfred Valdera, a teacher at Carlos P. Garcia Senior High School, expressed joy that an initiative exists to help teachers on financial wellness.

“I am privileged to have this opportunity to be invited to this financial wellness program. This is very important to us, especially when managing our finances,” he said in an interview. (PNA)