Financial Literacy of Senior High School Teachers of Bulan National High School: Basis for Financial Literacy Program

Teachers are considered second-class citizens among government employees and are believed to be particularly prone to large loans. Their debt is associated with a lack of financial literacy, discipline, and personal financial management, along with a tendency to borrow from loan sharks. Thus, this study aims to determine the financial literacy of 70 senior high school teachers at Bulan National High School, using a descriptive design conducted in the Division of Sorsogon Province during 2022–2023. It describes factors influencing financial literacy and challenges encountered by teachers. The analysis involves financial literacy scores, frequency, percentage, ranking, and weighted mean to determine teachers' profiles and key aspects affecting their financial literacy. Findings revealed that most teachers are mid-career professionals, predominantly female, aged between 36 and 43 years, married, come from families with 3-5 members, earn a common monthly net take-home pay, rely solely on their teaching salary as their income source, and the majority have yet to attend financial literacy training. Additionally, most teachers are literate, financial knowledge emerges as the dominant factor affecting financial literacy, and spending emerges as a significant challenge, highlighting the importance of the Financial Literacy Program (Empowered Finances) for teachers' well-being.