Financial literacy of Pantawid Pamilyang Pilipino Program (4Ps) mother-beneficiaries in Digos City

Abstract

This study assesses the financial literacy of Pantawid Pamilyang Pilipino Program (4Ps) mother-beneficiaries in San Miguel, Digos City, Philippines, and examines the relationship between financial literacy and demographic factors such as age, civil status, educational attainment, and employment status. Using a quantitative non-experimental descriptive-correlational design, the study gathered data from 148 respondents through a structured questionnaire. Results indicate that the respondents exhibit high levels of financial knowledge, skills, awareness, and behavior, with age significantly influencing financial practices and perceptions. In contrast, civil status and educational attainment did not show significant impacts on financial literacy levels. Employment status, however, revealed substantial differences in financial behavior, underscoring the need for targeted financial education interventions. The findings highlight the importance of developing tailored financial literacy programs that address the specific needs of different demographic groups, particularly focusing on enhancing financial management skills and resilience among unemployed and self-employed mothers. This study contributes to the understanding of financial literacy among vulnerable populations and provides a foundation for future research and policy development.