FINANCIAL LITERACY AND PLANNING OF TEACHING PERSONNEL AMONG COLLEGES IN THE DIOCESE OF IBA TOWARD FINANCIAL PROGRAM INITIATIVES

Financial literacy and financial planning are essential for making informed decisions and achieving economic stability. This study assessed the financial literacy and planning practices of teaching personnel among colleges in the Diocese of Iba, aiming to identify gaps and propose tailored financial program initiatives. Employing a convergent parallel mixed-method research design, the study combined quantitative surveys and qualitative interviews to gather insights into financial knowledge, behaviors, attitudes, and financial planning dimensions such as budgeting, saving, and investment practices. Results revealed moderate financial literacy levels among respondents, with strengths in savings habits but gaps in advanced financial concepts, such as investment diversification and long-term financial planning. Challenges in adhering to financial plans and variations in financial literacy across demographic groups were also noted. The findings underscore the need for targeted interventions, including professional development programs and integration of financial literacy into existing institutional frameworks. The study highlights the potential to improve financial stability and decision-making among teaching personnel by addressing these gaps, thereby enhancing the overall effectiveness of the educational system. Future initiatives should focus on personalized financial education programs to cater to the diverse needs of the teaching workforce. These programs should promote a comprehensive understanding and practical application of financial literacy principles, fostering a financially resilient academic community.