Personal Financial Management Practices Among the Employees of the University of Cebuat Pardo and Talisay, Inc.

Ben Robles

ISBN 10: 3346913945 / ISBN 13: 9783346913944

Published by GRIN Verlag Jul 2023, 2023

About this Item

This item is printed on demand - it takes 3-4 days longer - Neuware -Academic Paper from the year 2023 in the subject Business economics - Business Management, Corporate Governance, , language: English, abstract: The purpose of this study is to investigate the level of importance and the level of practice of personal financial management among the employees working at the University of Cebu at Pardo and Talisay Campus, how it can have a significant impact on their overall wellbeing and performance, and to evaluate and identify potential areas that could use improvement in terms of personal financial management. Personal financial management practices were primarily measured in the following areas: savings, budgeting, financial planning, credit management, and investment management. The study employed a descriptive, correlational, and comparative design to determine the relationship and compare the informants' degree of importance and level of practice (n=60). Personal Financial Management Practices Questionnaire was adapted to measure employees' degree of importance and level of personal financial management practices. Results suggest that employees recognize the value of personal financial management and its potential benefits for their financial wellbeing, having a mean score of 2.80. In contrast, the general weighted mean for the level of practice of personal financial management was 2.23, suggesting that informants only practice personal financial management sometimes. Further, a significant relationship was found between the respondent's profile or position and the degree of importance placed on personal financial management. No significant relationship was found between the respondent's profile or position and the level of practice of personal financial management. Finally, various organizational and scholarly recommendations were prescribed to enhance personal financial management practices further and consequently add to the current knowledge base. 68 pp. Englisch.

Seller Inventory # 9783346913944

Bibliographic Details

• Title: Personal Financial Management Practices Among the Employees of the University of Cebuat Pardo and Talisay, Inc.
• Publisher: GRIN Verlag Jul 2023
• Publication Date: 2023
• Language: English
• ISBN 10: 3346913945
• ISBN 13: 9783346913944
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 210W x 148H x 6D millimeters 210 millimeters width by 148 millimeters height by 6 millimeters depth
• Weight: 112 grams

About this title

Synopsis

Academic Paper from the year 2023 in the subject Business economics - Business Management, Corporate Governance, language: English, abstract: Are you unknowingly sabotaging your financial future? Delve into an eye-opening investigation of personal financial management practices among employees at the University of Cebu, Pardo and Talisay campuses, and uncover the hidden truths behind financial wellbeing and its profound impact on workplace performance. This groundbreaking study meticulously examines the intricate relationship between employee profiles and their approaches to saving, budgeting, planning, credit utilization, and investment strategies, shedding light on critical areas for improvement that can transform financial lives. Explore the pervasive influence of economic pressures, such as inflation and mounting debt, on personal finances in the Philippines, as revealed through compelling data from the Philippine Statistics Authority (PSA) and Bangko Sentral ng Pilipinas (BSP). Discover how financial stress undermines employee productivity, echoing the findings of leading researchers like Anthony and Sabri (2015), and gain invaluable insights into mitigating these detrimental effects. Unravel the unique financial challenges faced by young adults and the "sandwich generation," and learn how to cultivate effective personal financial management skills to secure a brighter financial tomorrow. Whether you're an employee seeking financial stability, an employer concerned about workforce productivity, or simply curious about the dynamics of personal finance in today's challenging economic landscape, this research offers a wealth of practical knowledge and actionable strategies for achieving lasting financial wellbeing. This comparative study uncovers correlations between financial literacy and economic success, providing a roadmap for individuals and organizations alike to navigate the complexities of personal financial management and foster a more financially resil