The study employed a qualitative research design, specifically a Key Informant Interview, in which faculty members were asked about the dynamics of their financial management practices. This involved a progressive identification and integration of categories based on faculty members' lived experiences with financial management in the new normal. Data collection included fifteen participants from various higher education institutions for the 2022-2023 academic year. These participants were selected for their firsthand knowledge and experience in managing their finances. The interviews were loosely structured, relying on a list of issues related to faculty financial management practices, the challenges faced, and the insights gained. Methods of analysis were discussed. Themes emerged from the experiences of these faculty: Fair Financial Management Practices, Insufficient Salary, Prioritisation and Proper Allocation of Income and Expenses, The Pandemic Savings, Budget Frequency, Factors that Affect Budgeting, “Needs First, Wants Later”, Academic Ranks versus Budgeting, and the Importance and Effectiveness of Budget Plans.