International Journal of Research Studies in Management
CollabWritive Special Issue
2024 Volume 12 Issue 16
Available Online: 6 December 2024
Author/s:
Lagman, Ma. Josefina M.
Graduate School, Lyceum of the Philippines University – Batangas, Philippines (jolagman08@gmail.com)
Abstract:
This study dealt with identification of the level of financial wellness and personal finances of teachers in the Schools Division of Batangas City and how these impact their work performance. In terms of financial wellness, several concepts have been the focus such as lifestyles, purchasing powers and freedom from debts and fiscal obligations from obligations. In terms of personal finances, the concepts on income and acquired assets and savings were examined. The level of work performance was assessed in terms of task performance, contextual performance, and job effectiveness and efficiency. Significant differences on financial wellness, personal finances, and work performance of the participants of the study was identified when grouped according to profile. The researcher also tested the significant relationship between the treated variables as well as the effects of financial wellness and personal finances on work performance. A descriptive correlational method of research was used in the study. The result revealed that teachers seldom experience financial wellness and that their personal finances are below expectations. However, a good level of work performance was observed. There is a significant difference across profile in some aspects of financial wellness and personal finance in terms of civil status, monthly income, and number of people supported financially and no significant difference found on work performance. A personal finance model was crafted wherein it shows that improving personal finance helped attain financial wellness and thus lead to improved work performance.
Keywords: financial wellness, personal finance, work performance, personal finance model
DOI: https://doi.org/10.5861/ijrsm.2024.1324
Cite this article:
Lagman, M. J. M. (2024). Financial wellness, personal finances and work performance of public school teachers: Inputs in building personal finance model. International Journal of Research Studies in Management, 12(16), 87-96. https://doi.org/10.5861/ijrsm.2024.1324