INVESTIGATING THE BEHAVIOR OF TEACHERS TOWARDS SAVING AND INVESTMENT: EVIDENCE FROM MEKELE, TIGRAY, ETHIOPIA

This paper investigates the behavior of teaching community towards saving and investment in Mekele, Tigray, Ethiopia. Hence, a teacher's competency determines the quality of education affected by numer associated with saving, consumption, and investment. First from sample respondents of collages, high school and elementary school teacher's community with cross-sectional data type placed technique applied to select sample respondents distributed 95 percent filled correctly. The finding contraindicates Children education; medication, entertainment, and marriage respective motives for saving and investment. Besides, Inflation, low insufficient income were the main reason for an inability to save. Teachers consult before saving and investment decision with investment consultants and family members, on the other hand; public image of sources of investment, an initial amount of investment, potential risk, potential return, and liquidation was the factors influencing teacher's community on deciding to invest. Likewise, based on the hypothesis test of chi-square; status, family size, peer influence, self specialization were associated positively with saving and investment of teacher's community. The Ethiopia community on different aspects like providing incentives for strengthening and competence in improving quality of education. Similarly, enhancing the mobilization of savings and also making an adjustment on way to improve their income