GRADUATE SCHOOL

Financial Literacy among Teachers in the University of the

Cordilleras: An Analysis

Thank you for participating in my survey. This survey is

intended to measure teacher’s financial literacy. The results
will be used to help teachers improve their knowledge and
colleges improve curriculums.
DIRECTIONS: Please select only ONE most appropriate answer for
each question.

A. Demographic and Operational Characteristics

Tick as appropriate
Name:______________________________________________ (optional)
Department of work:________________________________
Sex: Male [ ] Female [ ]

Number of Dependents:
[ ]No dependent
[ ] 1-2
[ ] 3-4
[ ] 5 and above

Age:
[ ] 20-30 yrs
[ ] 31-40yrs
[ ] 40-50yrs
[ ] Above 50 yrs
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Educational Attainment
[ ] College level
[ ] Post graduate level
Area of Specialization
[ ]Financial
[ ] Non-financial
How long is your work experience in teaching?
[ ] Below 1yr
[ ] 1-5yrs
[ ] 6-10yrs
[ ] 11-15yrs
[ ] 16-20yrs
[ ] Above 20yrs [ ]
Annual Salary range (Peso)
[ ] 150,001- 200,000
[ ] 200,001- 250,000
[ ] 250,001- 300,000
[ ] 300,000- 350,000
[ ] 351,000- 400,000
[ ] above 400,000
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B. Financial Literacy
Part I: Kindly evaluate all the items/indicators concerning
the knowledge on financial literacy. Use the scale below.
From a scale of 1 to 4 and 4 being the highest. Put a
checkmark (✓).
1 2 3 4
Debt
It is better to pay my bills on the day
that I get it.

I know how to calculate interest of my

debts.

There is a need to list my debts.

It is best to use monthly budget to plan my

expenses.

Prioritize which debt to pay off first.

Banking

I need to know my account balance.

I deposit extra money into my account.

I am aware of the use of the mobile banking

application.

I know to that it is not good to withdraw

more than what I need.

I know to avoid monthly banking fees.

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Investing
1 2 3 4
It is important to write down my investment
goals.

I know to invest in stock and bond mutual

funds.

Ii is important to pick stocks in companies

and sectors that I understand.

Emergency fund is important.

It is important to consult financial
planner for better investment
opportunities.
Retirement
It is important to decided what age at
which I want to retire.

I understand to study a variety of pension

plans before availing.
It is important to contribute to a
retirement plan aside from the mandatory
pension plan (e.g. SSS, GSIS.)
Attending retirement planning seminars or
discussions are important.

I know the importance of preparations for

my retirement.
Housing

I know about HDMF housing loan.

I know the importance of saving part of my

salary for housing fund.

I know the importance of having my own

house and lot.
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1 2 3 4
I know the importance of renting if I don’t
have plans of staying on a place for a long
period of time.
I know it is important to start planning
and saving for a house and lot at a young
age.
Insurance
I know the importance of availing my health
and life insurance.

I know that it is important to insure my

family members.

I know the importance of insuring my

properties.

Selecting the most suited insurance policy

based on my needs is important.

Attending discussion on various insurance

policies is important.
Taxes

Filing tax returns on time is important.

I know to review my tax deduction

requirements.
I know the importance of considering the tax
that I should pay on buying and selling
transactions.
Analyzing the impact of the TRAIN (Tax
Reform Acceleration and Inclusion) Law is
important.
It is important to consul tax experts on
special needs.
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Part II: Kindly evaluate all the items/indicators concerning

the extent of application of financial literacy. Use the scale
below. From a scale of 1 to 4 and 4 being the highest. Put a
checkmark (✓).

1 2 3 4
Debt

I pay my bill the day you get it or on the

soonest possible time.

I find out how interest is calculated.

I make a list of my debts.

I use a monthly budget to plan my expenses.

I decide which debt to pay off first

Banking

I monitor my account balance.

I deposit extra money into my account.

I explore the mobile banking application.

I do not withdraw more than what I need.

I avoid monthly banking fees.

Investing

I write down my investment goals.

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1 2 3 4

I invest in stock and bond mutual funds.

I pick stocks in companies and sectors that

I understand.

I build an emergency fund.

I consult financial planner for better

investment opportunities.
Retirement
I decided what age at which I want to
retire.

I study a variety of pension plans before

availing.
I am contributing to a retirement plan
aside from the mandatory pension plan (e.g.
SSS, GSIS.)
I am attending retirement planning seminars
or discussion.

I am not thinking of any preparations for

my retirement.
Housing

I availed HDMF housing loan.

I saved part of my salary for housing fund.

I own a house and lot.

I prefer to rent if I don’t have plans of

staying on a place for a long period of
time.
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1 2 3 4
I started planning and saving for a house
and lot at a young age.
Insurance

I have availed my health and life insurance.

I also encourage my relatives to have their

insurance.

If I have my properties, I opt to insure

them.

I select the most suited insurance policy

based on my needs.

I am open to discussion on various insurance

policies.
Taxes
My tax returns are filed on time.

I review tax deduction requirements.

I consider the tax that I should pay on

buying and selling transactions.

I analyzed the impact of the TRAIN (Tax

Reform Acceleration and Inclusion) Law.

I consult tax experts on special needs.

Part III: What are your suggestions to improve financial

literacy?
______________________________________________________________
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