How to teach young people today about “Financial Literacy?” With all the social media influence and the good economy status we have, how can we possibly teach young people about money? Visa Philippines use good opportunity to teach our Millennials about financial literacy in terms of money decisions, savings etc.
Visa launched an interactive play called “Lukot-lukot, Bilog- bilog (Crumpled, Round)” which developed with Tanghalang Pilipino (TP), a resident drama company of the Cultural Center of the Philippines, and Bangko Sentral ng Pilipinas (BSP).
Based from the title itself, it will showcase common scenarios faced by most Filipinos in terms of handling money. It will be lead by a Senior High School student protagonist named Gwyneth who is challenged to make decisions between her need and wants. Native Filipino heroes such as Jose Rizal and Apolinario Mabini will come to the picture from the crumpled bills and rounded coins to help Gwyneth make wise decisions with the money she has.
With this interactive play, BSP hope that it will teach and enlighten the minds of millennials about handling wise money decisions and it will also create a new atmosphere to many Filipinos towards a better Financial literate citizens.
“We believe that financial education should be introduced to learners early on, especially key concepts including budgeting, investing, and setting financial goals. Innovative approach such as blending education and art are most welcome and can help the existing programs of the government. This is a tangible support from the private sector of the objectives of the NSFI, particularly the pillars on financial education and consumer protection,” says Pia Roman-Tayug, Head of Inclusive Finance Advocacy of Bangko Sentral ng Pilipinas.
Visa’s financial literacy initiative also aims to reach out to students under Teach for the Philippines, a program Visa has been actively involved with previously.
Starting October, the show will be performed in close to 10 different schools to make financial literacy education more accessible to the students. This program is aligned with the government’s National Strategy for Financial Inclusion, in particular, the pillar on financial education and consumer protection.