Financial behavior of teachers and nonteaching personnel: An insight on financial resources stewardship of fixedincome earners

Financial behavior pertains to money apportionment and utilization or raising and using money properly. With multitude needs and wants, it becomes a challenge on how to properly apportion and utilize fixed income for consumption, cash flow, credit, savings and investment, and insurance needs. Hence, this descriptive-correlation study was conducted to determine the financial behavior of the teachers and non-teaching personnel of the Eastern Samar State University Salcedo Campus. Results revealed that of the eleven demographic profile variables only household size and work category showed significant association with financial behavior. Both teachers and non-teaching personnel showed “satisfactory” financial behavior on consumption, cash flow, and credit; “fair” on savings & investment; and “fair” and “poor” on insurance, respectively. Generally, teachers exhibited “satisfactory” financial behavior, meaning, they often apportion and utilize their financial resources for consumption, cash flow, credit, savings and investment, and insurance needs, while non-teaching personnel showed “fair” financial behavior, or they seldom apportion and utilize their financial resources for the aforesaid needs. Their difference in financial behavior (t=15.043; p=0.000) was highly significant.