Determinants of Financial Stability among Private School Teachers

Abstract

Financial stability is an important dimension of teachers’ personal well-being and professional effectiveness, particularly among private school teachers who may experience income limitations, debt obligations, weak savings capacity, and limited institutional support. This study determined the financial stability of private school teachers in the 2nd District of Surigao del Sur and identified future research directions for financial wellness interventions. Specifically, it examined the respondents’ profile, factors influencing financial stability, the extent to which selected financial indicators affect financial stability, level of financial stability, significant differences when grouped by profile, significant relationships among study variables, and predictors of financial stability. The study used a quantitative descriptive-correlational research design. Data were gathered from 179 private school teachers selected through stratified proportional random sampling using a validated researcher-made questionnaire. Findings showed that the factors influencing financial stability were highly influential, with financial literacy training obtaining the highest mean and school support for financial wellness obtaining the lowest. Selected financial indicators affected financial stability to a high extent, with debt management obtaining the highest mean and savings rate obtaining the lowest. The respondents were moderately stable financially. No significant differences were found in financial stability when grouped according to profile variables. Most relationships between influencing factors and financial stability indicators were significant. Regression analysis identified perceived financial wellness, debt management, and access to financial resources and tools as significant predictors of financial stability. Therefore, future studies may design, pilot, and assess financial wellness interventions using pre-test/post-test, quasi-experimental, or longitudinal designs.