IMPORTANCE AND PRACTICES OF FINANCIAL MANAGEMENT AMONG THE PUBLIC SECONDARY SCHOOL TEACHERS
Savings, budgeting, financial planning, credit management, and investments are markers of personal financial management that are thought vital but less practiced by public school teachers, according to the respondents. Age, civil status, length of experience, average monthly take-home pay, and number of work-related seminars and training are all significantly correlated with the importance of personal financial management, according to the study, but gender, highest educational attainment, and household expenses are not. The amount of practice of personal financial management is highly connected with gender, civil status, length of experience, average monthly take-home pay, and number of work-related seminars and training, while age, greatest educational attainment, and household expenses are not. Unlike the other variables, Budgeting, Financial Planning, Credit Management, and Investments, which are all substantially associated with the amount of practice of public school teachers' personal financial management, the importance of Savings is unrelated to its level of practice. Based on the data, it can be concluded that the participants value personal financial management in their life but are unable to put it into practice due to their living conditions. It's similar to taking charge of your own finances in order to achieve personal financial satisfaction. The Personal Money/Financial Management hypothesis of Kapoor, Dlabay, and Hughes boils down to this. This also supports support theory, according to which personal financial planning may be thought of as and extension of personal finance in terms of analysis and decision-making.
Budgeting, Credit management, Financial planning, Investment, Public school teachers, saving