THE EFFECTIVENESS OF FINANCIAL LITERACY PROGRAM ON FINANCIAL MANAGEMENT SKILLS OF MILLENNIAL TEACHERS

Abstract

In today's complex financial landscape, acquiring financial literacy is essential. Financial literacy programs are crucial for equipping individuals, particularly millennials, with the skills needed to manage their finances effectively, enabling informed decision-making. This study determines the effectiveness of a Financial Literacy Program on the financial management skills of millennial teachers of Senior High School in Digos City. A descriptive pre-experimental design was employed, utilizing a pre-test and post-test survey to measure proficiency across key financial areas: savings, budgeting, investing, debt management, emergency funds, insurance, loan management, expenditure management, tax planning, and retirement planning. Results indicated significant improvements in financial management skills post-intervention, with the overall mean score increasing from 32.22 (approaching proficient) to 43.19 (advanced). Post-test results showed mastery across all areas. Paired Samples T- test confirmed the statistical significance of these improvements (p < .05). The study underscores the effectiveness of targeted financial literacy programs in enhancing financial management skills among millennial teachers, equipping them to make informed financial decisions and achieve financial stability.