Financial Literacy Among Barangay Treasurers in Cateel, Davao Oriental

Financial Management

Every barangay is allotted an IRA (Internal Revenue Allotment) to fulfill its functions. The barangay treasurer, or Ingat-Yaman, manages cash collection and disbursement. This study assessed the financial literacy level among barangay treasurers in Cateel, Davao Oriental, using a quantitative descriptive method. Data were gathered through a questionnaire, with respondents selected through complete enumeration. Most respondents were 41-50 years old and above, with a slight female majority and high educational attainment. All had undergone financial literacy training. The assessment showed high financial awareness, knowledge, capability, and goals, while financial experience, behavior, and skills were high. Financial decision-making was notably low. Financial literacy was high, with an average mean score of 3.94. Analysis indicated no significant differences in financial literacy based on age or gender but significant differences based on educational attainment. The study concluded that barangay treasurers in Cateel had high financial literacy, especially in financial awareness and capability, but needed improvement in financial decision-making. Recommendations included targeted training programs for decision-making, continuous education initiatives, and promoting higher educational qualifications for treasurers. Future research should explore comparative studies and mixed-method approaches to gain deeper insights into financial literacy and management in local government units.

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