Financial Literacy, Priorities, and Investment Pattern of Cooperative Members

This study determined the financial literacy, financial priorities, and investment patterns of cooperative members in Negros Occidental and examined the relationships among these variables. Specifically, it assessed the level of financial literacy in terms of financial knowledge, financial behavior, and financial attitude; the level of financial priorities in terms of short-term, medium-term, and long-term goals; and the level of investment patterns in terms of equity and savings capital accumulation, and livelihood and entrepreneurial reinvestment. A descriptive-correlational research design was employed, and data were gathered from cooperative members using a validated survey questionnaire. The outcomes revealed that cooperative members possess a high level of financial literacy, a high level of financial priorities, and a high level of investment patterns. Moreover, the study found a positive, moderate, and significant relationship between financial literacy and financial priorities. A significant relationship was established between financial literacy and investment patterns, while a positive, moderate, and significant relationship existed between financial priorities and investment patterns. The study concluded that financial literacy and financial priorities are of great importance in developing the investment patterns of cooperative members in Negros Occidental. Therefore, it is suggested that cooperatives improve their financial literacy programs, financial planning projects, and investment education activities to foster better financial outcomes for their members.

Financial Literacy; Financial Priorities; Investment Patterns; Cooperative Members

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