International Journal of Research Studies in Education
2024
Volume 13 Issue 18
Available Online: 25 November 2024
Author/s:
Permejo, Eugenio, Jr.*
Visayas State University Tolosa, Philippines (eugene.permejo@vsu.edu.ph)
Enfermo, Lovely
Visayas State University Tolosa, Philippines (lovely.enfermo@vsu.edu.ph)
Lumpas, Antonio, Jr.
Visayas State University Tolosa, Philippines (antonio.lumpas@vsu.edu.ph)
Abstract:
Financial literacy is one of the new literacies demanded by the complex society we live in today. This study was conducted to assess the level of financial knowledge, skills, and attitudes of elementary teachers in Tolosa, Leyte, and determine its relationship with their demographic profile, specifically age, gender, civil status, teaching position/rank, and monthly income. Using quantitative approaches in research, results show that elementary teachers in Tolosa, Leyte have low level of financial literacy, with respect to financial knowledge and skills, particularly on saving, investing, budgeting, loaning, and insurances. However, interestingly, elementary teachers possess high financial literacy level in terms of attitude, particularly on spending and borrowing. Moreover, using Fisher-Freeman-Halton Exact Test of Independence, it was found out that there is no significant relationship between the elementary teachers’ socio-economic conditions and levels of financial knowledge, skills, and attitude. Hence, this study recommends that educational policymakers, government officials, and concerned institutions design programs, projects, and activities that will capacitate elementary teachers in terms of their financial literacy and should be conducted regardless of their demographic characteristics.
Keywords: financial knowledge, financial skills, financial attitudes, financial literacy, elementary teachers, new literacies
DOI: https://doi.org/10.5861/ijrse.2024.24160
Cite this article:
Permejo, E., J., Enfermo, L., & Lumpas, A., J. (2024). Financial literacy status of public elementary school teachers: The case of Tolosa, Leyte, Philippines. International Journal of Research Studies in Education, 13(18), 133-144. https://doi.org/10.5861/ijrse.2024.24160
* Corresponding Author