Teachers’ Financial Literacy and Well-Being in Private Sectarian School

This quantitative descriptive-correlational research study aimed to assess the financial literacy and well-being of teachers in a private sectarian school and assess how the two variables relate to each other. Furthermore, the study described the demographic profile of the participants, which included: sex, age, civil status, years of teaching, and educational qualifications. Data was collected from 108 teachers of different teaching backgrounds and levels using a structured survey questionnaire based on standardized tools. The findings revealed that the teachers possessed a high degree of financial literacy as well as an average financial well-being. There were no significant differences in financial literacy and financial well-being among the demographic profiles of the participants - sex, age, years of experience, and educational level; however, civil status was found to influence changes in financial literacy. Results further show a significant positive correlation exists between the two variables, financial literacy and financial well-being. Therefore, the private sectarian schools must enhance their applicable financial education programs, directing towards stability and resilience professionally and personally, to foster effective financial literacy amongst their teachers.