Financial Management Practices and Wellness among Employees of Bukidnon Association of Catholic Schools
Journal: THE INTERNATIONAL JOURNAL OF BUSINESS MANAGEMENT AND TECHNOLOGY (Vol.6, No. 3)Publication Date: 2022-06-30
Authors : Julsar T. Calonia MSA Joel B. Tan DBA CPA;
Page : 16-183
Keywords : accountancy; financial management practices; financial wellness; correlation; regression; Philippines;
Abstract
The study aimed to investigate which domain of financial management practices best influences the financial wellness of employees of the Catholic schools under the Bukidnon Association of Catholic Schools (BUACS) in Bukidnon. Using an adapted standardized questionnaire, the researcher surveyed 153 employees from six different Catholic schools in the city of Valencia. The study participants were selected using the stratified-random sampling technique. The data collected were analyzed using the mean, Pearson's r, and multiple regression. Results of the study reveal that the level of financial management practices and financial wellness is moderate. Further, when analyzed as to the relationship that exists between the two variables, the result shows that in an aggregate and singular capacities, the financial management practices statistically correlate with financial wellness. Alternatively, when regressed, the individual domains of financial management practices that posted significant influence on financial wellness are investment, money, unexpected expenses, and general financial management practices. Among the four, the general financial management practices best influences financial wellness
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