Mikhail Dave M. Cabuguas and Grace Joy A. Cabuguas (Authors)
Abstract
The research evaluated the financial literacy of teachers and staff at San Isidro Elementary School in Talisay City, Cebu, during the school year 2023-2024. Employing a descriptive-correlational research method, data from 36 participants were analyzed using percentage, weighted mean, and Pearson-r. An adapted and modified questionnaire was used. The aim of the study was to investigate the association between respondents’ budgeting and saving practices and financial stress. Results indicated frequent levels of budgeting practices (4.04), sometimes saving practices (3.12), and rare debt management practices (2.43), and suggesting prudent financial planning among participants. However, no significant correlations were found between financial stress and budgeting/saving behaviors or debt management. Additionally, participants reported moderate levels of stress (3.11). Overall, the findings suggest a need for further investigation into the factors influencing financial behaviors among teachers and staff members.
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Keywords: Public administration, Financial behavior, Financial wellness, Financial literacy program, Financial stress, and Debt management