Financial Education Advocacy in the Philippines

Make Financial Education a Core Subject | #MakeFinEdCore

NFEC’s Make Financial Education a Core Subject campaign calls for personal finance education to receive the same priority, standards and rigor as other foundational subjects. It brings together educators, families and advocates who want young people to leave school prepared to make informed financial decisions.

The Philippines already has a financial education policy: DepEd Order No. 022, s. 2021 provides for integration across K to 12. That existing policy is an important starting point for advocacy focused on strong implementation, qualified educators, clear learning outcomes and sustained access.

NFEC’s campaign advances a clear educational goal: financial literacy should be treated as essential learning, supported by the preparation and accountability needed for effective instruction.

Our Position

Financial education deserves the priority and academic rigor given to core subjects. Learners in the Philippines should have access to instruction that helps them make informed decisions about money throughout their lives.

#MakeFinEdCore Campaign Objectives

Increasing Access to Financial Education

NFEC advocates for wider access to high-quality financial education in schools, workplaces and communities. Supporting educators and the organizations that reach learners is central to this effort, particularly where access to reliable financial learning is limited.

The aim is sustained financial capability: knowledge, confidence and practical skills that people can use as their circumstances change.

Expanding Access

Raising Financial Education Standards

Achieving better outcomes requires more than delivering short-term instruction or isolated lessons. The best financial education is presented through well-planned curriculum, trained teachers, and evidence-based materials. Its outcomes should be clearly-defined and measurable.

The NFEC advocates for strengthened educational and professional guidelines that bring financial education up to the level of other academic subjects. This effort includes advocating for educator training and certification, curriculum design based on competencies, learning experiences that encourage top performance, and program evaluation systems that measure participants’ behavior change in the real world.

Higher Standards

Support the Make Financial Education a Core Subject Campaign

Educators, parents, students and community advocates can contribute to a shared call for stronger financial education. Add your support for financial education as a core subject and tell us which issue or activity you would like to help advance.

Name(Required)

Youth Entrepreneurship Act (Republic Act No. 10679)

Lead organization: Government of the Philippines; DepEd, CHED, TESDA and other implementing bodies
Type: Legislation

Promotes entrepreneurship and financial education among young Filipinos through education and support measures. The Act connects youth enterprise development with financial capability and the work of education and training institutions. Official source

Financial Education Policy (DepEd Order No. 022, s. 2021)

Lead organization: Department of Education
Type: Education policy

Provides for stronger integration of financial education across K to 12 disciplines and grade levels, together with capacity building for teachers and other DepEd personnel. It is a central policy reference for financial education in Philippine basic education. Official source

PisoLit Financial Education

Lead organization: Bangko Sentral ng Pilipinas
Type: Public education program

BSP’s digital financial education platform covers planning, budgeting, saving, debt, investing, consumer rights and scam prevention. Its public materials provide Philippine financial-literacy information for learners and educators. Official source

TESDA Online Program Financial Literacy Course

Lead organization: TESDA, in partnership with BSP and BDO Foundation
Type: Public learning program

TESDA’s financial literacy initiative with BSP and BDO Foundation brings financial education to the TESDA Online Program. Its announced topics include financial planning, budgeting, saving and debt management. Official source

Be a Wise Saver

Lead organization: Philippine Deposit Insurance Corporation
Type: Public education campaign

PDIC’s public education campaign explains responsible saving, banking and deposit protection. Its brochure provides a Philippine reference for financial-literacy learning about savings and bank deposits. Official source

National Strategy for Financial Inclusion 2022–2028

Lead organization: Financial Inclusion Steering Committee, chaired by the Bangko Sentral ng Pilipinas
Type: National strategy

Sets the 2022–2028 national agenda for financial inclusion. Financial education and consumer protection are strategic objectives within a broader framework for access to and responsible use of financial services. Official source

Economic and Financial Literacy Act (Republic Act No. 10922)

Lead organization: Government of the Philippines; NEDA is the lead agency named in the 2016 Act
Type: Legislation

Declares the second week of November as Economic and Financial Literacy Week and provides for education and awareness activities across government, education and civil society. It establishes a national observance and public-education mandate. Official source

Financial Products and Services Consumer Protection Act (Republic Act No. 11765)

Lead organization: Philippine financial regulators, including BSP, SEC, Insurance Commission and CDA
Type: Legislation

Establishes protections for financial consumers, including fair treatment, disclosure, protection of assets and data, and complaint handling. It provides legal context for consumer rights and responsibilities. Official source

BSP Financial Consumer Protection Framework (Circular No. 1160)

Lead organization: Bangko Sentral ng Pilipinas
Type: Regulation

Implements the Financial Products and Services Consumer Protection Act for BSP-supervised institutions. It addresses provider responsibilities, including disclosure, fair treatment and accessible complaint processes. Official source

Anti-Financial Account Scamming Act (Republic Act No. 12010)

Lead organization: Government of the Philippines; BSP and relevant enforcement bodies
Type: Legislation

Addresses financial-account scams, including money-mule activity and social-engineering schemes. It is a legal reference for understanding account protection and the response to financial-account fraud. Official source