Vol 9 Issue 1 January 2022-February 2022
Norman N. Carel, Elvira S. Pecajas
Abstract: Teachers are facing financial challenges as they performed their mandate to educate their learners. Teachers are facing different problems mostly in terms of finances may it be for their family or work-related expenses. Financial literacy equips a person with the knowledge and skills, they need to manage finances effectively. Without it, their financial decisions lack a solid foundation for success. This paper generally aimed to assess the financial literacy, challenges, and performance of teachers in Leyte I District.
This study utilized mixed-methods research design, specifically the explanatory design as the main instrument in gathering the data.
The finding reveals that educational qualification, position, basic salary and number of loans of teachers have nothing to do with the work performance of the teachers. Meanwhile, net take home pay, sex, civil status, age, and years in service of teachers greatly affect the performance of the teachers. Moreover, provision of all family needs, medical expenses of family members, and educational expenses of children/siblings are the top three challenges of the respondents for the last three years as a breadwinner. On the other hand, spending classroom related expenses such as classroom structuring, paying unexpected contribution in school, and low net take home pay were the teachers’ challenges in relation to their profession. Hence, financial knowledge and financial attitude greatly affect the teachers’ performance, while financial their behavior has no effect.
Thus, strengthening the financial knowledge and attitude through financial literacy seminar of teachers should be mandatory for the newly hired.
Keywords: financial literacy, challenges, performance of teachers.
Title: FINANCIAL LITERACY, CHALLENGES, AND PERFORMANCE OF TEACHERS IN LEYTE DISTRICT I
Author: Norman N. Carel, Elvira S. Pecajas
ISSN 2394-9716
International Journal of Novel Research in Interdisciplinary Studies
Novelty Journals