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Research Paper | Financial Management | Philippines | Volume 10 Issue 10, October 2021

Financial Literacy of Filipino Public School Teachers and Employees: Basis for Intervention Program

Arjay S. Tilan | Esmen M. Cabal

Abstract: Background: Financial literacy among teachers is an important skill to have a stable and financially secure life. This study aimed to explore the teachers? and employees? financial literacy towards crafting an intervention program. Materials and Methods: The study used descriptive-survey research design with survey questionnaires as the main instrument in gathering the required data. The respondents of this study were drawn from teachers and employees of public secondary schools in Central Luzon, Philippines. Results: The study revealed that a typical respondent is a young adult, female, married, Roman Catholic, BS/AB holders with master?s units, a teacher, new in the teaching profession, receives low monthly net take home pay and do not have other sources of income. The teachers and employees are literate in all aspects of financial literacy which include relating income and education; money management; planning, saving & investing; community and financial responsibility; credit and debt management; becoming a critical consumer; and risk management. Conclusion: There are statistically significant differences in the teachers? financial literacy when grouped according to profile variables. There are significant positive correlations between teacher?s monthly income and financial literacy. The proposed intervention program may not be prescriptive but can be modified, contextualized and enhanced to suit the school setting.

Keywords: financial literacy, financial management, public school teachers, teachers' salary

Edition: Volume 10 Issue 10, October 2021,

Pages: 1104 - 1113