FINANCIAL PRIORITIZATION OF PUBLIC JUNIOR HIGH SHOOL TEACHERS | Back
October 10, 2022 |
| Research Theme: | Governance |
| Year Funded: | 2022 |
| Year Completed: | 2022 |
| Funding Type: | Non-funded |
| Research Scope: | Division |
| Division: | Ilocos Sur |
| Locale of the Study: | DIVISION |
| Research Status: | Published |
| Publish Date: | October 10, 2022 |
| Research Type: | Basic Research |
| Year Completed: | 2022 |
| Cite Research (APA): |
Abstract:
Teachers, who are significant contributors to society\'s development, have a better personal finance plan when they have good financial knowledge. Unfortunately, many teachers are unable to handle their own finances (Surendar & Sarma, 2018). This descriptive -correlational research assessed the extent of financial prioritization of public junior high school teachers in the Schools Division of Ilocos Sur. It involved 39 public junior high school teachers in Tagudin District, SY 2019– 2020 utilizing a questionnaire to find the extent of their financial prioritization. The data collected were analyzed using frequency count and percentage distribution, mean, and Pearson r. Significant findings revealed that most of the teachers were 20-29 years old male married teachers in Teacher I position. Majority of the respondents’ source of income is from their salary with a net take home pay ranging from PhP 8,000.00 to PhP 12,999.00. Additionally, the respondents considered medical, education, transportation, and miscellaneous as high priority. On the other hand, housing, food, savings, purchase of investments, insurance, and paying of debts were considered as moderate priority while low priority was given to entertainment and leisure, and clothing. The profile of the respondents and the level of extent of financial prioritization have positive weak correlation. Further, there is a significant relationship between the respondent’s position and its extent of financial prioritization as reflected by the test of significance value of 0.03. As a result, the findings emphasized the necessity for a financial literacy program to assist instructors in improving their financial literacy.
Keywords: Financial Literacy, Financial Prioritization, Public Junior High School Teachers
Teachers, who are significant contributors to society\'s development, have a better personal finance plan when they have good financial knowledge. Unfortunately, many teachers are unable to handle their own finances (Surendar & Sarma, 2018). This descriptive -correlational research assessed the extent of financial prioritization of public junior high school teachers in the Schools Division of Ilocos Sur. It involved 39 public junior high school teachers in Tagudin District, SY 2019– 2020 utilizing a questionnaire to find the extent of their financial prioritization. The data collected were analyzed using frequency count and percentage distribution, mean, and Pearson r. Significant findings revealed that most of the teachers were 20-29 years old male married teachers in Teacher I position. Majority of the respondents’ source of income is from their salary with a net take home pay ranging from PhP 8,000.00 to PhP 12,999.00. Additionally, the respondents considered medical, education, transportation, and miscellaneous as high priority. On the other hand, housing, food, savings, purchase of investments, insurance, and paying of debts were considered as moderate priority while low priority was given to entertainment and leisure, and clothing. The profile of the respondents and the level of extent of financial prioritization have positive weak correlation. Further, there is a significant relationship between the respondent’s position and its extent of financial prioritization as reflected by the test of significance value of 0.03. As a result, the findings emphasized the necessity for a financial literacy program to assist instructors in improving their financial literacy.
Keywords: Financial Literacy, Financial Prioritization, Public Junior High School Teachers
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