Financial Literacy in Rural Communities of Southern Bukidnon, Philippines: Baseline Evidence for Training and Development

Financial literacy is crucial for individuals, particularly those living in geographically isolated and disadvantaged areas (GIDA), where access to financial services and financial education remains constraint. This quantitative-descriptive study aimed to examine the demographic profiles of the respondents in terms of sex, age, educational attainment, household size and monthly income, and assess their financial literacy across four dimensions: savings practices, debt management, investment practices, and financial planning practices using convenience sampling. Data were analyzed using frequencies, percentages, and means, Kruskal–Wallis and Mann–Whitney U were used to test for significant differences. The results revealed no significant differences in financial literacy across any demographic variables. Respondents demonstrated very high level of financial literacy in financial planning, and strong savings and debt management practices reflecting responsible financial behaviors. However, investment practices emerged as the weakest dimension, especially in relation to investing in quick assets for emergency needs. Overall, the study contributes to United Nations Sustainable Development Goals 1 (No Poverty), 4 (Quality Education), and 10 (Reduced Inequalities) by further promoting financial inclusion and strengthening the financial capabilities of underserved communities

financial literacy, savings practices, debt management, investment practices, financial planning practices

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