Personal Finance: A Study on Spending Behavior of Filipino Athletes in Bahrain

The study was conducted to determine the level of financial literacy and the level of spending behavior, the relationship between the variables, and the difference of spending behavior when grouped according to profile. The respondents of this study are 52 Filipino athletes in the Kingdom of Bahrain. Based on the findings of this study, the financial literacy of Filipino athletes in Bahrain is high and the spending behavior is low. The results additionally showed that there is no significant relationship between the level of financial literacy and spending behavior. Additionally, there is no significant difference in spending behavior when athletes are grouped according to age, gender, and occupation. However, when grouped according to their lifestyle, athletes have a significant difference in spending behavior. It is recommended that Filipino athletes should adopt a minimalist lifestyle to reduce spending and focus on efficient financial use. They can improve their spending behavior by setting aside money in advance, being self-disciplined, and maintaining a budget. Additionally, a seminar on financial literacy could be beneficial for the Filipino athletes.