Financial Literacy and Management Practices of Public School Teachers: Implications for an Intervention Plan
Keywords:
Keywords: competencies, financial literacy, intervention, knowledge, management practices.Abstract
In the Philippine educational landscape, financial literacy and management practices have gained increasing attention as essential competencies among public school teachers in Area II-A of the DepEd Leyte Division, serving as the basis for an intervention program. Specifically, this study determined the respondents’ socio-demographic profile, level of financial literacy, and management practices. The study used a descriptive correlation and comparative correlation research design and involved 120 teachers selected through purposive sampling. Data were gathered using a structured questionnaire and analyzed using frequency, percentage, standard deviation, mean, and standard deviation. Results showed that respondents had a very satisfactory level of financial literacy, particularly in basic financial concepts, savings, and awareness of government programs, but showed weaker knowledge in investments and retirement planning. In terms of financial management practices, they demonstrated good budgeting, expense tracking, and control of impulsive spending, while savings, investing, and long-term planning were practiced only moderately. Overall, the study found a gap between financial knowledge and its application, leading to the recommendation of a targeted financial intervention program.
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