Financial Conditions and Challenges among Public School Teachers: Its Implication to their Personal and Professional Lives

Abstract

Financial challenges could embed in different circumstances. It would be personal and external factors that contributed to the existence of those challenges. It is based on individual perspectives and societal influences. Through qualitative research design specifically phenomenological approach, an interview was done. The selected public secondary school teachers of Proseridad, Agusandel Sur served as the key informants.

The researchers used an interview guide questionnaire in the conduct of the interview. Then, it was recorded through an audio tape. Transcription and translation of the information were made. The information gathered was then interpreted through thematic analysis.

Based on the findings, they have almost the same financial conditions and financial challenges encountered. Most of them were at nearly sufficient financial condition. Their monthly salary could not suffice on their monthly expenses for varied reasons. Most of them resorted to debts or loans in case of emergency purposes due to lack of emergency funds. The insufficiency of financial aspects leads to the problem encountered. Consequently, this will have an impact on their personal and professional lives.