Knowledge, Attitude, and Practices on Financial Management and the Level of Satisfaction with the Investment Decision of Family Medicine Physicians

Abstract

Professionals use their knowledge, attitude, and practices to make decisions that help them achieve their financial goals. This study determined the levels of financial knowledge, attitude, and practice, and satisfaction level in the investment decision among family medicine physicians. A descriptive cross-sectional study was conducted using structured questionnaires distributed to respondents selected by purposive sampling. The findings revealed that family medicine physicians lack financial knowledge, but they have a moderate financial management attitude and typical financial practices in cash management and general management. The study also revealed that these family medicine physicians are satisfied with their investment decisions. In conclusion, the lack of financial knowledge, moderate financial management attitudes, and typical financial practices in cash and general management of physicians still made them satisfied with their investment decisions. Despite their lack of knowledge, satisfaction of family medicine physicians in their investment can mean that they can achieve their financial goals. Future research may explore the correlation between financial education on decision-making and long-term financial stability.