VIEWS OF FILIPINO PUBLIC SCHOOL TEACHERS ON FINANCIAL LITERACY Cyrus Pontawe Casingal1, Liza Lanuza Quimson1,*
Article Sidebar
Main Article Content
บทคัดย่อ
The study analyzed the Philippine public school teachers' views on financial literacy. The study utilized qualitative and quantitative data to answer the established research purpose. The present study used a mixed method, particularly the parallel analysis mixed method. In this method, the researcher combined both qualitative and quantitative research techniques. Based on the results, teachers don’t keep records and only know how much they received and spent during a month. They also need to improve their financial understanding, education, and literacy to invest and save appropriately since they are interested in forming their financial targets and personal and current financial plan. Most of them have debts from different lending companies. Most of them need an existing financial plan, and they need to possess proper financial understanding. They only know the shallow reasons for saving. They consider themselves financially literate if they receive their paycheck and pay their monthly responsibilities. In the eyes of public school teachers in the Philippines, financial literacy has money. It is highly recommended to study this matter further and focus more on finding the best strategies, implementations, and practices to improve the financial literacy of public school teachers.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
ลิขสิทธิ์ต้นฉบับที่ได้รับการตีพิมพ์ในวารสารนวัตกรรมวิทยาศาสตร์เพื่อการพัฒนาอย่างยั่งยืนถือเป็นกรรมสิทธิ์ของคณะวิทยาศาสตร์และเทคโนโลยี มหาวิทยาลัยสวนดุสิต ห้ามผู้ใดนำข้อความทั้งหมดหรือบางส่วนไปพิมพ์ซ้ำ เว้นแต่จะได้รับอนุญาตอย่างเป็นลายลักษณ์อักษรจากคณะวิทยาศาสตร์และเทคโนโลยี มหาวิทยาลัยสวนดุสิต นอกจากนี้ เนื้อหาที่ปรากฎในบทความเป็นความรับผิดชอบของผู้เขียน ทั้งนี้ไม่รวมความผิดพลาดอันเกิดจากเทคนิคการพิมพ์
References
Abdul-Rahamon, O. A., & Adejare, A. T. (2014). The analysis of the impact of accounting records on the performance of small scale enterprises. International Journal of Academic Research in Business and Social Sciences, 4(1), 1–17. https://doi.org/10.6007/IJARBSS/v4-i1/506
Baron-Donovan, C., Wiener, R. L., Gross, K., & Block-Lieb, S. (2005). Financial Literacy Teacher Training: A Multiple-Measure Evaluation. Journal of Financial Counseling & Planning, 005, 63–75.
Bayer, P. J., Bernheim, B. D., & Scholz, J. K. (2009). The effects of financial education in the workplace: Evidence from a survey of employers. Economic Inquiry, 47(4), 605–624. https://doi.org/10.1111/j.1465-7295.2008.00156.x
Brandon, D. P., & Smith, C. M. (2009). Prospective Teachers' Financial Knowledge and Teaching Self-Efficacy. 27(1).
British, T., & Society, P. (2013). Behaviour Change : Personal Debt.
Castillo, F. G. (2018). Consumer Buying Behavior : The Multicultural Influence in the Philippines. 2(2), 71–75.
Cecchetti, S. G., Mohanty, M. S., & Zampolli, F. (2011). The real effects of debt. 352(352), 25–27.
Cheng, M., & Somal, M. S. S. (2017). The Power of Financial Planning.
Deng, H., Chi, L., Teng, N., Tang, T., & Chen, C. (2013). Influence of Financial Literacy of Teachers on Financial Education Teaching in Elementary Schools. 3(1). https://doi.org/10.7763/IJEEEE.2013.V3.195
Ferrer, J. C. (2017). Caught in a Debt Trap ? An Analysis of the Financial Well-being of Teachers in the Philippines. 11(2), 297–324.
Furnham, A. (1999). The saving and spending habits of young people. 20.
Garman, T., Leech, I., & Grable, J. (1996). The Negative Impact Of Employee Poor Personal Financial Behaviors On Employers. Association for Financial Counseling and Planning Education, 7(540), 157–168. http://search.proquest.com.libproxy.nps.edu/abicomplete/docview/1362246859/fulltextPDF/13F330A8A4AC4D8CPQ/1?accountid=12702
Hollenbeck, J. R., & Klein, H. J. (1987). Goal Commitment and the Goal-Setting Process: Problems, Prospects, and Proposals for Future Research. Journal of Applied Psychology, 72(2), 212–220. https://doi.org/10.1037/0021-9010.72.2.212
Hussain, I., & Sajjad, S. (2016). Significance of Financial Literacy and Its Implications: A Discussion. Journal of Business Strategies, 10(2), 141–154.
Irving, K. (2012). The Financial Life Well-Lived : Psychological Benefits of Financial Planning The Financial Life Well-Lived : Psychological Benefits of Financial Planning. Australian Accounting Business and Finance Journal, 6(4), 45–60.
Jones, B. (2010). THE FUTURE OF Financial Education REPORT ON THE 2011 FCAC-OECD CONFERENCE ON FINANCIAL LITERACY. Employee Benefits, 47–49.
K-, C., & Otter, D. (2010). the teacher financial literacy project Teacher Attitudes and Beliefs About Teaching Financial Literacy A Survey of California K-12 Teachers. 403(June).
Lane, J. (2016). A debt effect? How is unmanageable debt related to other problems in people's lives? 25. https://www.citizensadvice.org.uk/Global/CitizensAdvice/Debt and Money Publications/The Debt Effect.pdf
Latham, G. P., & Pinder, C. C. (2005). Work Motivation Theory and Research at the Dawn of the Twenty-First Century. Annual Review of Psychology, 56(1), 485–516. https://doi.org/10.1146/annurev.psych.55.090902.142105
Lee, J. M., & Hanna, S. D. (2015). Savings Goals and Saving Behavior from a Perspective of Maslow's Hierarchy of Needs. Journal of Financial Counseling and Planning, 26(2), 129–147. https://doi.org/10.2307/40471184
Lusardi, A. (2008). Household Saving Behavior : The Role of Financial Literacy , Information , and Financial Education Programs. NBER Working Paper, 1(February), 1–43. https://doi.org/10.3386/w13824
Lusardi, A. (2013). Financial Literacy Around the World (FLAT World). Insights : Financial Capability-Global Center for Financial Literacy, April, 1–5.
Lusardi, A., & Mitchell, O. S. (2014). The Economic Importance of Financial Literacy: Theory and Evidence. Journal of Economic Literature, 52(1), 5–44. https://doi.org/10.1257/jel.52.1.5
Lusardi, A., & Tufano, P. (2015). Debt literacy, financial experiences, and overindebtedness. In Journal of Pension Economics and Finance (Vol. 14, Issue 4). https://doi.org/10.1017/S1474747215000232
Mandell, L., & Klein, L. S. (2009). The Impact of Financial Literacy Education on Subsequent Financial Behavior. Journal of Financial Counseling and Planning, 20(206), 15–24. https://doi.org/10.1.1.334.3320
Marcolin, S., & Abraham, A. (2006). Financial literacy research : current literature and future opportunities. September, 21–22.
Mazlifah Maburak Ali. (2011). A STUDY OF PERSONAL FINANCIAL PLANNING AMONG YOUNG ADULTS.
Meier, S., & Sprenger, C. D. (2013). Discounting financial literacy: Time preferences and participation in financial education programs. Journal of Economic Behavior and Organization, 95, 159–174. https://doi.org/10.1016/j.jebo.2012.02.024
Montalbo, I. (2017). Financial Literacy of Professional and Pre-Service Teachers in the Philippines. Journal of Global Economics, 05(04). https://doi.org/10.4172/2375-4389.1000267
Mulder, N. (2013). Filipino Identity : The Haunting Question. 4882, 55–80.
Murugiah, L. (2016). The Level of Understanding and Strategies to Enhance Financial Literacy among Malaysian. International Journal of Economics and Financial Issues, 6(3S), 130–139.
Musah, A., & Muazu, I. (2014). Record Keeping and the Bottom Line: Exploring the Relationship Between Record Keeping and Business Performance Among Small and Medium Enterprises (SMEs) in the Tamale Metropolis of Ghana. Research Journal of Finance and Accounting, 5(2), 107–117.
Mwaura, J. (2013). THE EFFECT OF FINANCIAL PLANNING ON THE FINANCIAL PERFORMANCE OF AUTOMOBILE FIRMS IN KENYA. November.
Mwebesa, L. C. K., Kansiime, C., Asiimwe, B. B., Mugambe, P., & Rwego, I. B. (2018). The Effects of Financial Record Keeping on Financial Performance of Development Groups in Rural Areas of Western Uganda. International Journal of Economics and Finance, 10(4), 136. https://doi.org/10.5539/ijef.v10n4p136
Rady, T. (2016). Journal of Economics and Economic Education Research. 17(1).
Rico, J., & Leon, K. R. C. De. (2017). Mall culture and consumerism in the Philippines.
Sarma, S. &. (2018). ijpam.eu. 118(18), 1627–1649.
Scheuren, F. (2004). What Is A Survey. info. https://doi.org/10.1007/s10539-014-9472-9
Skills, F. L., & Vi, V. (2014). Students Experience Attitudes and Behaviour, and their performance in FL. VI.
Supanantaroek, S., Lensink, R., & Hansen, N. (2017). The Impact of Social and Financial Education on Savings Attitudes and Behavior Among Primary School Children in Uganda. Evaluation Review, 41(6), 511–541. https://doi.org/10.1177/0193841X16665719
Taylor, S. M., & Wagland, S. (2013). The Solution to the Financial Literacy Problem: What is the Answer? Australasian Accounting, Business and Finance Journal, 7(3), 69–90. https://doi.org/10.14453/aabfj.v7i3.5
Teo, T. C., & Low, K. C. P. (2016). The Impact of Goal Setting on Employee Effectiveness to Improve Organisation Effectiveness: Empirical Study of a High-Tech Company in Singapore. Journal of Business & Economic Policy, 3(1), 82–97. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3088132
Yoshino, N., & Morgan, P. J. (2015). Asian Development Bank Institute. 534.