Community Financial Literacy: The Case of Pio, Model Community, Porac, Pampanga, Philippines

The study used the phenomenological research design. This was conducted in Brgy. Pio, Model Community, Porac, Pampanga. Respondents chosen for the study have been composed of parents (25 yrs. old and above) who are active in managing finances for their household needs. Respondents have been observed and interviewed using the self-administered guide questionnaires. In the observation and interview, the researcher was able to find out that most of the residents of Barangay Pio, Model Community were not those literate financially due to (1) lack of education, (2) lack of background in managing money, (3) was not able to attend a seminar on financial management, (4) was not able to encounter any financial management literacy program from the Local Government.