International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 7, Issue 2 (March-April 2025) Submit your research before last 3 days of April to publish your research paper in the issue of March-April.
Submit Research Paper Join as a Reviewer

Plagiarism is checked by the leading plagiarism checker TurnItIn

Call for Paper

Volume 7 Issue 2
March-April 2025

Submit your research paper

Indexing Partners
Academia Advanced Sciences Index Bielefeld Academic Search Engine CiteSeer DRJI Google Scholar Independent Search Engine & Directory Network ISI (International Scientific Indexing) Issuu Mendeley Research Networks
RefSeek ResearcherId - Thomson Reuters ResearchGate Scirus Scribd Semantic Scholar UTeM - Universiti Teknikal Malaysia Melaka Wiki for Call for Papers WorldCat Zenodo

Financial Literacy and Financial Well-being of Public Sector Employees: A Correlational Study

Author(s) Ms. Ma. Cecilia Malapad Calizo
Country Philippines
Abstract This study examined the interrelationship between financial literacy, financial well-being, and the socio-economic backgrounds of employees. The researcher developed a questionnaire based on existing studies and surveyed 212 regular employees from the Local Government Unit (LGU) of Kalibo across various job levels. Most of the respondents were female, aged 36 to 45, and married. Results indicated that employees had a moderate level of financial literacy regarding cash flow and basic needs, financial safety, and wealth accumulation. Their financial well-being level was also moderate, particularly in terms of financial freedom and legacy. There were no significant differences in their levels of financial literacy and financial well-being based on socio-economic backgrounds. Although some variations existed, they were not statistically significant. The study found a weak link between cash flow management and meeting basic financial needs, indicating that many employees do not see a strong connection between their financial safety and literacy. However, higher financial literacy was associated with more success in building wealth. The study emphasizes the need for educational programs to enhance financial knowledge. The researcher recommends implementing financial literacy plan tailored to LGU employees, aiming to empower them and improve overall productivity while fostering a financially capable workforce.
Keywords financial literacy, financial well-being, financial freedom, legacy, public sector employees, LGU Kalibo, financial intervention plan
Field Business Administration
Published In Volume 7, Issue 2, March-April 2025
Published On 2025-04-14
DOI https://doi.org/10.36948/ijfmr.2025.v07i02.41301
Short DOI https://doi.org/g9fm4j
View / Download PDF File

Share this



E-ISSN 2582-2160
CrossRef

CrossRef DOI is assigned to each research paper published in our journal.

IJFMR DOI prefix is
10.36948/ijfmr

Downloads
Research Paper Format Copyright Permission Form and Undertaking Form Cover Page Vol 7 Isu 2Cover Page Vol 7 Isu 1Cover Page Vol 6 Isu 6

All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.

CC-BY-SA Open Access

About IJFMR
Fees & Payment
Current Issue
Publication Archive 		Submit Research Paper
Track Submission Status
Publication Guidelines
Publication Ethics
Peer Review & Plagiarism 		Join as a Reviewer
Editors & Reviewers
Reviewer Referral Program
Get Reviewer Membership Certi. 		Website/Journal Policies
Usage Policy
Content Policies
Privacy Policy
Contact Us +91-9687-828-838 editor@ijfmr.com