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All Journal International Journal of Social Learning (IJSL)
Generose C. Fernando
Philippine Normal University
Arts Education Environmental Science Social Sciences Other

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Income, Expenses and Expenditure Patterns of Elementary Public-School Teachers: Inputs to a Proposed Financial Literacy Program Generose C. Fernando; Gilbert S. Arrieta
International Journal of Social Learning (IJSL) Vol. 4 No. 1 (2023): December
Publisher : Indonesian Journal Publisher in cooperation with Indonesian Social Studies Association (APRIPSI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47134/ijsl.v4i1.226

Abstract

This study explored the income, expenses, and expenditure patterns of eight elementary public school teachers from urban areas. Using the case study method, it compared and analyzed teacher’s expenses before and during these times when financial distress hit the world, the COVID-19 pandemic. The results showed that most teachers tend to borrow more than what they were earning from different lending institutions. They engaged in different lending or pawning schemes in order to address their financial needs. Based on the findings, it can be concluded that the participants are financially challenged and continuously struggle to make both ends meet. A financial literacy program focusing on management of funds/resources, financial decision-making proficiency, planning, savings and investing, and financial responsibility was developed that can be provided to teachers. It is recommended that school heads may look into these financial concerns and a financial literacy program be integrated in in-service trainings.
Co-Authors Gilbert S. Arrieta