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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 titled “Evaluating the Relationship between Financial Literacy and Financial Behavior of Junior High School Teachers of Catanduanes National High School” aims to determine the extent of Junior High School teachers’ financial literacy according to financial knowledge and financial attitude and extent of financial behavior 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 by the use of 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 behavior and high literacy in budgeting, saving, and investing behavior. Additionally, results reported a moderately positive and significant relationship between the financial literacy and financial behavior of the respondents. The researchers recommend future studies to include other income earners as respondents and to provide further knowledge in the study of financial literacy and/or financial behavior.

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

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