Financial Management Practices and Performance Among Teachers in Laguindingan, Division of Misamis Oriental
Year: 2025
Type: article
Study design: Observational Study
Abstract: Successful teachers typically have secure finances, yet financial concerns can hinder instruction and have an impact on students' learning. Financially strapped teachers may become distracted and less productive, which affects their pupils' concentration and academic achievement. This study was conducted to determine the financial management practices and performance of teachers in Laguindingan, Division of Misamis Oriental. It specifically sought to find the level of the respondents’ financial management practices, assess the level of teachers’ performance, and determine the significant relationship between the respondent’s financial management practices and their performance based on IPCRF. The respondents were the 115 public secondary school teachers using a universal sampling procedure. This study made use of the descriptive correlation method of research with an instrument that was patterned and modified from the study of Pondong (2022) and Aguilor (2021). Descriptive statistics such as frequency, percentage, mean, standard deviation and Pearson Product Moment Correlation (r) were utilized to analyze and interpret the data gathered in the study. The results of the study demonstrated the close relationship between teachers' overall performance as measured by their Individual Performance and Commitment Review and Form (IPCRF) and their financial management practices. According to the study's findings, teachers in particular exhibited very satisfactory financial management abilities in areas pertaining to their roles and responsibilities. They also did an outstanding job with assessment and reporting. This noteworthy correlation highlights how crucial sound financial management practices are to teachers' performance in the workplace and general well-being. Teachers who want to attain financial stability must not only make prudent plans but also take proactive measures to overcome the obstacles they will inevitably encounter, possibly with the help of financial literacy initiatives or mentors. To put it simply, improving teachers' financial stability and realizing their long-term goals require developing appropriate financial habits, such as careful budgeting, thoughtful spending, and smart saving. This gives them both financial and professional empowerment, freeing them up to concentrate on their vital role in forming the minds of future generations
Authors: Denny Grace C. Mutia, Estrella S. Ferenal
Institution: PHINMA Cagayan de Oro College
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4409568175