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Evaluating the Relationship between Financial Literacy and Financial Behavior of Junior High School Teachers of Catanduanes National High School

Jeremy T. Aldea, Alyssa Nicole Z. Riosa, Julesdaniel C. Tenerife, and Renemae April S. Valeza 

Senior High School Department, Accountancy Business and Management, Catanduanes National High School, Virac, Catanduanes

The research study aimed to determine the extent of Junior High School teachers’ financial literacy according to financial knowledge and financial attitude and the extent of financial behaviour according to budgeting, saving, spending, and investing and to evaluate whether there is a significant relationship between the two variables. The study used the correlational quantitative research design. Through Slovin’s Formula and simple random sampling technique, 123 respondents out of 177 were determined as the sample size, and 60 were given survey questionnaires. Data gathered were subjected to computation using the Spearman Rank Correlation statistical test. The study revealed respondents to be highly literate in financial knowledge and financial attitude, as well as literacy in spending behaviour and high literacy in budgeting, saving, and investing behaviour. Additionally, results reported a moderately positive and significant relationship between the financial literacy and financial behaviour of the respondents. The researchers recommend future studies include other income earners as respondents and to provide further knowledge in the study of financial literacy and/or financial behaviour.

Keywords—Financial Literacy, Financial Behavior, Junior High School Teachers 

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