Liquidity preference and financial planning for retirement of secondary public school teachers in selected areas of Cavite / by Alexandra Justine M. Gomez, Katherine A. Morales and Jenny N. Alcantara.

Thesis (Bachelor of Science in Business Management--Financial Management) Cavite State University.

Includes bibliographical references.

College of Economics, Management and Development Studies (CEMDS).

ALCANTARA, JENNY N., GOMEZ, ALEXANDRA JUSTINE M. and MORALES,
KATHERINE Liquidity Preference and Financial Planning for Retirement of Secondary Public School Teachers in Selected Areas of Cavite. Undergraduate Thesis. Bachelor of Science in Business Management major in Financial Management. Cavite State University. Indang, Cavite. June 2019. Prof: Cecilia T. Cayao.
This research study aimed to determine the liquidity preference and financial planning for retirement of secondary public school in selected areas of Cavite. Specifically, it aimed to determine: 1) socio-demographic profile of secondary public-school teachers; 2) the level of liquidity preference of secondary public-school teachers; 3) financial plans for retirement of secondary public school teachers in terms of spending, saving and investing; and 4) significant difference on liquidity preference of the participants when grouped based on their socio demographic profile.
The study was conducted in selected areas of Cavite from August 2018 to May 2019. The selected areas were chosen based on the total number of secondary public-school teachers presented from the division office of DePED in Trece Martires City and Dasmarifias City, Cavite. A total of 226 secondary public-school teachers have been used as participants of the study.
Survey questionnaire was used as primary data. Convenience sampling was used to select the participants with the criteria of 40- to 65 years old and have at least 15 years in teaching experience. Majority of the participants were female with 87% of total population and the remaining 13 percent were all male.
Frequency, percentage mean and rank were used to determine the sociodemographic profile of secondary public-school teachers in terms of selected variables.
The Likert scale was used to determine the level of liquidity preference of the participants. Mean and rank were used to identify the financial plans for retirement of the participants in terms of spending, saving and investment. Analysis Of variance and

tests were used as statistical tools to determine the significant difference in liquidity preference of the participants when grouped based on their socio-demographic profile.
Ninety-nine percent of the participants responded that will surely spend money after retirement specifically on personal necessities. Eighty-four percent of the participants have savings specifically on emergency funds, while there is only forty-eighth percent who has investment for retirement and the majority of them invested in properties.
The Likert scale showed the result of the liquidity preference of the participants. The participants have high liquidity preference with the mean of 2.68 and is highly notable in four (4) statement, which are keeping cash for emergency purposes, keeping cash all the time, carrying cash for splitting the bills with friends or family while eating out, setting aside cash for shopping and lastly, keeping cash at home. Only one statement shows a Very Low mark which is about using cashless transactions such as Pay Maya and Gcash.
The results showed that there was no significant difference in liquidity preference of the participants when grouped based on their socio-demographic profile. The Secondary Public School Teachers has a high liquidity preference which means that they prefer to hold cash as opposed to other forms of wealth.
The researchers recommend that government, banks and also the Department of Education should work hard to promote financial literacy. Conduct seminars and workshops for secondary public-school teachers on how to manage their finances and investment. Secondary public-school teachers should be more knowledgeable about investing and its pros and cons. There should be also an increase in teacher's salary for them to be able to set aside money for savings and investment.

Submitted to the University Library 04/06/2022 T-8853