Financial Literacy of Elementary School Teachers in Narra Del Norte District

Being one of the most influential people in our society, teachers who are dutifully mandated to improve students academically are also expected to impact many aspects of people's lives, such as becoming financially literate. However, Teachers are said to lack financial literacy. This is the very premise of the conduct of this study. This Quantitative Research employed a DescriptiveCorrelational Research Design. It involved 153 elementary teachers in Narra del Norte District, Palawan. The respondents were selected using a simple random sampling technique. A self-completed questionnaire was used to collect the needed data. The results showed that teachers' level of financial literacy is moderate. More so, it revealed that the most substantial influence on teachers' financial condition came from the costs associated with reporting to and performing their professional duties. There is a moderate relationship between the teachers' financial literacy level and the factors affecting their finances. There is an association between financial literacy level and demographic profile – position and attendance to financial literacy training. While teachers' reactions to the positive financial literacy indicators that might be summed up as financial knowledge were highly translated, their responses to the negative signs were somewhat in the reverse direction. This would imply that their literacy levels were lower than they first appeared to be. Furthermore, teachers' financial literacy is affected by or vice versa by the same things that affect their finances. Moreover, the teachers' position and participation in financial literacy training may raise their level of financial literacy. However, their sex, marital status, number of dependents, pay, and other sources of money may not necessarily have an impact.