This quantitative descriptive-correlational research study aimed to assess the financial literacy and well-being of teachers in a private sectarian school and assess how the two variables relate to each other. Furthermore, the study described the demographic profile of the participants, which included: sex, age, civil status, years of teaching, and educational qualifications. Data was collected from 108 teachers of different teaching backgrounds and levels using a structured survey questionnaire based on standardized tools. The findings revealed that the teachers possessed a high degree of financial literacy as well as an average financial well-being. There were no significant differences in financial literacy and financial well-being among the demographic profiles of the participants - sex, age, years of experience, and educational level; however, civil status was found to influence changes in financial literacy. Results further show a significant positive correlation exists between the two variables, financial literacy and financial well-being. Therefore, the private sectarian schools must enhance their applicable financial education programs, directing towards stability and resilience professionally and personally, to foster effective financial literacy amongst their teachers.
Andallon et al. (Sat,) studied this question.