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THE EFFECT OF FINANCIAL CAPABILITY ON TEACHERS’ WELL-BEING AND JOB SATISFACTION: A PARALLEL MEDIATION ANALYSIS

Volume: 174  ,  Issue: 1 , June    Published Date: 10 June 2025
Publisher Name: IJRP
Views: 34  ,  Download: 56 , Pages: 227 - 270    
DOI: 10.47119/IJRP1001741620258042

Authors

# Author Name
1 Realyn G. Zerna
2 Delon A. Ching, EdD

Abstract

This research examines financial capability as a predictor of well-being and job satisfaction among teachers in the Philippines, with a specific focus on the financial experiences of teachers in the country. A descriptive correlational research design was employed to examine the relationship between teachers financial literacy, financial planning, financial behavior, financial stress, physical health, mental health, emotional well-being, worklife balance, and job satisfaction. It was reported that teachers demonstrated a high level of financial capability, and a strong positive relationship was found between financial literacy, financial behaviour, well-being, and job satisfaction. Financial knowledge was identified as a critical factor in promoting teachers effectiveness and satisfaction, as indicated by the strong mediating effect of life satisfaction on teachers financial capability and job satisfaction. These analyses suggest that financial education and preparation for teachers can positively affect teacher well-being, job satisfaction, and retention, leading the authors to conclude that policies supporting teacher financial education and financing could benefit both teachers and the educational goals they aim to achieve.