FINANCIAL LITERACY AMONG PHILIPPINE NATIONAL POLICE FORCE

Abstract

Financial literacy encompasses a range of information and skills that individuals need to make accurate and informed financial decisions, including managing debt, borrowing, investing, saving, and creating a budget. The research used mixed methods. This study focused on the financial literacy of PNP personnel in Dagupan City, examining how irregular income and high-stress conditions impacted their financial decision-making and work schedules. The research emphasized that financial literacy is crucial not only for a police officer’s personal life but also for their work performance, morale, and community relations. Using a mixed-methods approach, the study collected data through surveys and interviews with PNP personnel. Findings revealed a significant lack of financial management skills attributed to the absence of formal finance education in PNP training curricula and the demanding nature of police work. Recommendations highlighted the need for integrating financial literacy programs into PNP training to address these gaps. The researchers used survey information and interpretation, combining quantitative analysis of survey data with qualitative insights from interviews, focus groups, and case studies. The study found that mid-level officers, particularly Police Staff Sergeants (PSSG), were the most engaged participants, suggesting that officers with extended financial responsibilities are more likely to seek financial education. While some officers demonstrated adequate financial knowledge, most struggled with budgeting, saving, and investing. The study suggests that comprehensive financial education can be achieved through continuous literacy programs and collaboration with financial institutions to bridge this gap. The purpose is to guide future financial literacy programs for military officers, benefiting individuals, their families, coworkers, and the community.