FINANCIAL LITERACY AND SAVING DECISIONS 

FINANCIAL LITERACY AND SAVING DECISIONS OF TRECE MARTIRES CITY SENIOR HIGH SCHOOL TEACHERS IN TRECE MARTIRES CITY
TMC-AR-HR-55-22
Maricris G. Petelo, Emelen Verano
emelen.verano@deped.gov.ph
Purpose: The purpose of the study is to determine the level of financial literacy and saving decisions of the senior high school teachers in Trece Martires City and the adopted instrument was distributed to the 52 permanent and probationary teachers
Design/methodology/approach: The senior high school teachers need were stressed as basis for conducting seminars and training's for financial literacy and savings decision using descriptive research. The adopted instruments in terms of financial literacy and savings decision were given to all Senior High School Teachers in Trece Martires City.
Findings: The findings of the study revealed that the majority of the respondents ranged their monthly income from Php46, 000 and above, with a family size of 4-6 members. Teachers are highly literate with a highest mean of 3.549 in satisfying to save money to spend for a long time while most teachers keep a portion of their allowance for savings with a mean of 3.096. Having no significant difference in the level of financial literacy and savings decisions when grouped according to monthly family income and size of the family. Further results show that there is a strong relationship between financial literacy and savings decisions with a correlation coefficient at 0.587.
Research limitations/implications: The general recommendation for this study was to develop financial education policies among teachers and conduct program to strengthen their financial goals.
Originality/value: It will serve as the cornerstone for enhancing their capacity for planning and managing financial intelligence to become financially literate and start saving money
Keywords: Financial Literacy, Saving Decisions, Senior High School Teachers, Trece Martires City
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