Perspective of Teachers on Financial Literacy

Abstract

INTRODUCTION

Creating a life which simple and free from stress is making financial stability a possible one. As teachers, which educate the minds of the young to financial literacy then we should also practice such manner. Specifically, this research aims to clearly explain why the teacher engages himself in loans and his perspective on financial loans.

METHODS

This research followed a descriptive design and utilized an interview as a method. This is the most common format of data collection in qualitative research. The participants are 5 public school teachers, female in gender,35 years old above.

RESULTS

By studying the condition of financial literacy among the teacher participant, the factors included the employment status of the spouses, sources of income and dependency burden, the incidence of homeownership and debt.

DISCUSSIONS

The study intends to provide clear illustrations of the current status of the financial well-being of the public school teachers in terms of their debt conditions and its factors. The finding of the survey confirmed that debt is still a significant challenge in the financial well-being.