Abstract
A solid foundation of financial literacy can assist a variety of life objectives, including managing debt responsibly, starting a business, and saving for retirement or school. This study examined the financial literacy and personal financial management of regular employees of the Municipality of Polomolok. The study employed a quantitative descriptive survey administered to the regular employees of Polomolok, South Cotabato. Results of the survey revealed that most of the regular employees of the Municipality of Polomolok are middle-aged married females with a family size of three (3) to four (4) members. Moreover, most respondents have obtained a bachelor’s degree and currently hold a rank-and-file position with a salary ranging from Fifteen Thousand and One Pesos (Php. 15,001.00) to Twenty Thousand Pesos (Php. 20,000.00). Furthermore, the study results revealed that the respondents have a high level of financial literacy and personal financial management. Consequently, a significant relationship exists between the level of financial literacy and the level of personal financial management concerning the respondents’ sex and their current held position. Hence, the study concludes that financial literacy significantly influences how the regular employees of LGU Polomolok manage their finances.
