Financial management behevaior of LGU employees in Island Garden City of Samal

Abstract

The purpose of this study is to determine the significant difference in financial management behavior according to age, sex, and marital status and the level of financial management behavior of LGU employees in the Island Garden City of Samal. It also aims to explore the financial attitude and management of the respondents. This study employed a quantitative descriptive comparative research design. The statistical tools were Mean, T-test and ANOVA. The hypothesis was at a 0.05 level of significance. The data were gathered through the use of Google from survey questionnaires distributed to 200 LGU employees of the Island Garden City of Samal. Study findings indicated in the financial management behavior shows that the variables such as age, sex, and marital status have no significant difference in financial management behavior, thus, the hypothesis is accepted. It was further stressed that LGU employees were financially literate in displaying financial management behavior. This study recommends that the Local Government Unit should initiate programs and training seminars to further improve the employees in term of management of finances and spending money matters.