Budgeting, Spending, Saving and Investing Practices of Public School Teachers in

Koronadal City


Table __
Distribution of Respondents by School
School Frequency Percent
a. Elementary



b. High School


Total

SOP1: Describe the Socio-Economic profile of teacher-respondents

I. Socio-Economic



Table __
Profile of teacher-respondents
Profile
Frequency Percent
a. Civil Status
Single
Married
Separated
Widowed/Widower
b. Educational Attainment
Bachelors degree
w/ Masters Degree
w/ Doctorate Degree
c. No. of Dependents
None
1-2
3-4
5 or more
d. Monthly Income





(n) 242 100.0
SOP2: Determine the practices on budgeting, spending, saving and investing among
public school teachers

II. Practices on Budgeting, Spending, Saving, and Investing


II.a Budgeting Practices

Table __
Allocation of Budget
Particulars
Frequency Percent
a. Basic Commodities

Food
Groceries (other than food)
Monthly bills for electricity, water, etc.
Medicine

b. Personal y luxury purchases
c. Plans
Life Insurance
Pre-need plans
Future of children (Educational Plan)
d. Long-term investment
Start-up business
Retirement
e. Real Property
First time house
Monthly Amortization for a housing unit/lot purchase
Upgrade property
f. Recreation
g. Donations (church donations, charity)
h. Others



(n)









Allocation of budget ______. The monthly budget is





Table__
Monthly Budget
Particulars
Frequency Percent
Food
Childrens Education
Utilities
Loans



II.b Spending Practices

Table __
Practices of teacher-respondents on Spending
Statement
Always Often Sometimes Never Total
f % f % f % f % f %







II.c Saving Practices

Table__
Type of Saving Habit
Type
Frequency Percent
Spend first then save the remaining
Save first then spend the remaining
Spend even before salary is received
Spend and nothing is left









Of the respondents who make a habit of saving, most (89%) of them save for
educational plan

Table__
Current Allocation of Savings
Type
Frequency Percent
Educational Plan
Retirement
New Car
House and Lot
Own business
House Improvement
Travel
Gadget
Emergency Fund
Others





II.d Investing Practices


Table__
Current Allocation of Investment
Items
Frequency Percent
a. Long term investment

Real Estate
Own Business
Bonds
b. Short term investment

Mutual Fund
Stocks











SOP3
Determine the attitude towards budgeting, spending, saving, and investing among
teacher-respondents

Search for a related literature link of attitude to practices


Table __
Attitude towards Budgeting
Statement
(n) Mean SD Interpretation










Weighted Mean 3.28 0.58
Strongly Agree
(very favorable
attitude towards
budgeting)
Mean Range Rating Description Qualitative Interpretation
1.00-1.75 Strongly disagree Very unfavorable attitude
1.76-2.50 Disagree Unfavorable attitude
2.51-3.25 Agree Favorable attitude
3.26-4.00 Strongly Agree Very favorable attitude























IV. Need to Enhance Financial Knowledge


Table __
Satisfaction on Current Financial Status

Statement
Very
satisfied
Satisfied Dissatisfied
Very
Dissatisfied
Total
f % f % f % f % F %








Table __
Awareness on Financial Literacy
Items
Frequency Percent
YES

Source of information:
Books
Magazines
Radio/television
Seminars
Internet



NO

(n)















Table __
Current Financial Literacy Profile of Teacher-Respondents
Category
Frequency Percent
a. Self-assessment on financial literacy

Not at all literate
Somewhat literate
Literate
Very literate
b. Interest on Financial Literacy
Yes
No
c. Willingness to attend seminar on financial
literacy

Yes
No
(n)


CROSSTABULATION


Willingness to attend seminar on
FINANCIAL LITERACY
YES NO
a. Self-assessment on financial
literacy

Not at all literate
Somewhat literate
Literate
Very literate





Willingness to attend seminar on
FINANCIAL LITERACY
YES NO
a. Attitude on Budgeting
Very unfavorable attitude
Unfavorable attitude
Favorable attitude
Very favorable attitude
b. Attitude on Spending
Very unfavorable attitude
Unfavorable attitude
Favorable attitude
Very favorable attitude

Crosstabulation between Profile and Willingness to attend Seminar on Financial Literacy

Profile Willingness to attend seminar on
FINANCIAL LITERACY

YES NO
a. Civil Status
Single
Married
Separated
Widowed/Widower
b. Educational Attainment
Bachelors degree
w/ Masters Degree
w/ Doctorate Degree
c. No. of Dependents
None
1-2
3-4
5 or more
d. Monthly Income





(n)