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Enhancing Financial Literacy for Strategic Personal Investment Decisions: Implications for Workforce Development in Academe

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  • Christina Y. Pacubas

    (College of Management and Entrepreneurship, Department of Business Administration Cebu Technological University Main Campus, Cebu City)

  • Neil Bryan Y. Pacubas

    (CME, Graduate Studies Master in Business Administration, Cebu Technological University Main Campus, Cebu City)

Abstract

The level of financial literacy among Filipinos varies depending on the study and source. According to a 2019 survey conducted by the Bangko Sentral ng Pilipinas (BSP), only 23% of Filipinos have a basic financial understanding. This study assessed the impact of financial literacy on personal investment decisions among the workforce of CTU Main Campus. It utilized a descriptive survey method, employing statistical tools such as percentage and frequency distributions, t-tests, and Pearson’s correlation. There was a significant relationship in terms of the respondents' knowledge, skills, and behavior and the factors that influence their personal investment decisions. The salient findings of this study lead to the conclusion that financial literacy is crucial for making informed financial decisions, avoiding costly mistakes, and achieving long-term financial stability and success. It is hoped that this study will rekindle interest in conducting further research on financial literacy and other aspects of financial investments as they contribute to the workforce’s financial status improvement and freedom in the future years to come.

Suggested Citation

  • Christina Y. Pacubas & Neil Bryan Y. Pacubas, 2025. "Enhancing Financial Literacy for Strategic Personal Investment Decisions: Implications for Workforce Development in Academe," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 12(13), pages 3754-3767, August.
    • Handle: RePEc:bjc:journl:v:12:y:2025:i:13:p:3754-3767
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