Financial literacy is an essential life skill in today’s complex economic environment. Teachers who possess a strong understanding of financial concepts are better equipped to manage their finances, make informed decisions, and plan for the future (Lone & Bhat, 2022; Arroyo & Bayani, 2024). Beyond individual benefits, financial literacy also contributes to community development and overall economic improvement (Ebirim et al., 2024).
Teachers often face unique financial challenges; therefore, they need a solid foundation in personal finance, including budgeting, investing, and retirement planning. These challenges are further intensified by factors such as outstanding loans, financial responsibilities to family members, and personal obligations such as bill payments, educational expenses, and children’s tuition (Tagapulot & Macalisang, 2024).
Beyond personal financial well-being, there is a broad impact of financial literacy on academic educators. Financially literate teachers can model responsible financial behavior and thereby promote financial awareness among future generations (Alqam & Hamshari, 2024; Mancone et al., 2024; Negi & Jaiswal, 2024). Addressing gaps in financial education may lead to the development of training programs, financial management workshops, and policy recommendations that enhance teachers’ financial stability. By promoting continuous financial education, the education sector can also support economic stability, personal financial growth, and the development of a financially responsible educational community.
