Emotional Intelligence in Relation to Financial Literacy and Management Among Public Elementary and Secondary Teachers Of Talibon Ii District, Bohol

Abstract

Emotional intelligence is a contributory factor to the teachers' financial literacy and financial management level. This recent study aimed to determine the relationship between the teachers' level of emotional intelligence and their financial literacy and financial management. The study utilized a quantitative approach employing a descriptive normative survey of a standard tool of Emotional Intelligence by Daniel Goleman and a modified questionnaire of financial literacy and financial management practices. The first tool assessed the respondents' level of emotional intelligence and the modified survey questionnaire measured the respondents' level of financial literacy and financial management. The random sampling technique was used in the data-gathering, which comprised a total of 222 respondents. There were 99 public elementary and 123 public secondary teachers in Talibon II District, Bohol. The researcher underwent the review procedures of the Research Ethics Committee before the distribution of the questionnaire that enforced the do-no-harm clause. The questionnaire considered the most critical personal finance factors in measuring financial knowledge literacy and the financial decision-making on financial practices (Cronbach's Alpha results of Financial Literacy of 0.929, Financial Management of 0.738). It was found that the Normality Test utilizing the Shapiro-Wilk yielded significant results in all the items. Hence, non-parametric tests were used in the statistical runs. There is a significant correlation between the teachers' level of emotional intelligence and financial literacy, emotional intelligence and financial management, and financial literacy and financial management. T-Test showed substantial differences between the financial management practice on Personal/ Family Budget and Financial Decision-Making.