THE EXTENT OF PERSONAL FINANCIAL MANAGEMENT PRACTICES OF PUBLIC AND PRIVATE HIGH SCHOOL TEACHERS IN BACONG

This study aims to assess the financial practices of public and private high school teachers to gain insight about their financial behaviors. A descriptive research method was employed, involving 64 participants in Bacong. A tailored questionnaire was used that covered various financial aspects such as savings, spending, borrowing, and retirement planning. Data from the questionnaire were analyzed using descriptive statistics. The results show that both public and private high school teachers engage in financial management, but differences exist. Private school teachers regularly save, while public school teachers prioritize saving for emergencies. In terms of spending, private school teachers focus on bill payments, while public school teachers aim to pay off debts promptly. Additionally, private school teachers are less inclined to take out loans for vehicles or properties compared to their public-school counterparts. Overall, both groups demonstrate similar approaches to financial management. Conclusions and recommendations are provided.