Financial Literacy, Management and Economic Sustainability of Personnel

This study examined the levels and relationships of financial literacy, financial management, and economic sustainability among teaching and non-teaching personnel in a private higher education institution. It specifically assessed financial literacy in terms of budgeting knowledge, savings and investment knowledge, debt management, and financial decision-making; financial management in terms of budgeting practices, spending behavior, saving habits, and financial planning; and economic sustainability in terms of the ability to meet basic needs, emergency preparedness, management of financial obligations, and long-term financial stability. A quantitative descriptive-correlational design was employed, and data were gathered from 157 personnel through a structured questionnaire. Weighted mean and standard deviation were used to describe the study variables, while Spearman rank-order correlation was used to test their relationships at the 0.05 level of significance. The respondents reported high levels of financial literacy (M = 4.01, SD = 0.58), financial management (M = 3.86, SD = 0.67), and economic sustainability (M = 3.90, SD = 0.70). Financial literacy was significantly and positively associated with financial management (rs = .674, p < .001) and economic sustainability (rs = .618, p < .001). Financial management was also significantly and positively associated with economic sustainability (rs = .622, p < .001). Budgeting knowledge received the highest financial literacy rating, spending behavior was highest under financial management, and management of financial obligations was highest under economic sustainability. In contrast, savings and investment knowledge, saving habits, and emergency preparedness were comparatively lower dimensions. The findings suggest that workplace financial education may be strengthened by practical support for regular saving, emergency preparedness, debt management, and long-term planning. Because the study used a correlational design, the reported relationships should be interpreted as associations rather than causal effects.

financial literacy, financial management, economic sustainability, personnel, financial well-being

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