Correlational study about financial literacy to the spending habits of selected public high school teachers in District 4, Manila / Alpas, Rea Joy E., Faustino, Mellyca Criscelle B., Ibias, Raymund P., Ilarina, Christine Jane R., Regio, Eden Grace R. 6

Business Research Business Research : (Bachelor of Science in Business Administration Major in Financial Management) - Pamantasan ng Lungsod ng Maynila, 2023. 56

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Abstract This study titled Correlational Study about Financial Literacy to the Spending Habits of Selected Public High School Teachers in District 4, Manila, was conducted by Rea Joy Alpas, Mellyca Criscelle Faustino, Raymund Ibias, Christine Jane Ilarina, and Eden Grace Regio, as part of their requirements for the subject Business Research, under the supervision of Mr. Randy Asor. The primary objective of this 126-page study was to determine the correlation between financial literacy and the spending habits of selected high school teachers in District 4, Manila. The study aimed to investigate the demographic profile of the respondents, including factors such as age, gender identity, civil status, job position, length of service, level of income, disposable income, number of dependents, and sources of income. The research design employed in this study was descriptive in nature, allowing for a systematic characterization of the population and phenomenon under investigation. A survey approach was utilized to collect data from 218 respondents who were public school teachers in District 4, Manila. The survey questionnaires covered various aspects related to financial literacy and spending habits, including income, savings, investments, borrowing, basic necessities, leisure activities, educational activities, health and wellness, and demographic information. The collected data were analyzed using frequency, percentage, average weighted mean, and pearson's correlation coefficient, and independence sample t-test. The findings indicated that there was no significant correlation between the level of financial literacy and spending habits of high school teachers in Manila, specifically in terms of household expenses and leisure/vacation and shopping, which did not significantly impact income, savings, investment, borrowing, and overall spending. Moreover, there's no significant difference was found in spending habits based on civil status. These results suggest that civil status may have an influence on the level of financial literacy among the participants, but it does not necessarily impact their spending habits. Based on the study's findings, the researchers recommend that financial institutions collaborate with schools and educators to provide financial literacy programs and workshops. It is also suggested that teachers incorporate financial topics into the curriculum to help students develop a deeper understanding of the correlation between financial decisions and various aspects of their lives. Furthermore, future researchers are encouraged to explore other potential factors that may influence financial literacy levels, such as demographic variables (age, gender, socioeconomic status), cultural factors, and the effectiveness of educational interventions.

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