00:00For a better future for young people in Cotabato City,
00:04the Central Bank of the Philippines and the private sector taught them
00:08how to save money.
00:11This is so they can learn how to be more responsible
00:15in their ownership even at a young age.
00:19This is Leanne Bolongon of PIA SocSargen in the Centro ng Balita.
00:24About 200 children from Cero Central School or SCS in Cotabato City
00:30opened their basic deposit account to start saving money.
00:35This is after SCS partnered with the Central Bank of the Philippines
00:39or BSP Cotabato Branch and a private bank for opening bank accounts for children.
00:45The so-called HAC Bank taught the children the importance of saving
00:49and budgeting at a young age.
00:51According to the BSP Cotabato Branch, the children's account deposit
00:55is through their passbook and has a deposit of P50.
00:59Basically, it promotes the basic deposit account and targeting the school children.
01:04Meaning, they will have a bank account.
01:07And also, this activity jumpstarts their savings activity.
01:12SCS Principal Mergie Benedicto also gave the importance of teaching
01:17the children the right approach.
01:19I called on our parents and youths to teach our youths how to save
01:29through Young Savers Kids account,
01:32where the savings of your children are not only in the bank account,
01:37but also deposited in the bank.
01:39Meanwhile, the BSP was also able to conduct learning sessions
01:43related to effective budgeting that was taught to the youths, parents and teachers.
01:48This is important for the children.
01:51When the time comes, the children will learn how to save.
01:56They will be able to get money when the time comes.
02:00From Cotabato City, Lian Bulongo of PIA Sock Surgeon
02:05for Pambansang TV in Bagong, Philippines.
Comments