An individual has his/her own knowledge and understanding about managing financial resources. Wit... more An individual has his/her own knowledge and understanding about managing financial resources. With this knowledge follows how an individual applies it in making financial decisions, which includes handling and allocating money. These days, it is evident that students are more into spending to something they want rather than what they need. Perhaps, this is because of their inability to put their knowledge into application. With this, the study focuses on assessing the financial literacy level of the senior high school students of Xavier University in terms of their budgeting, saving, debt management, and spending habits. This study enables students, parents, teachers, school administration and future researchers to expound and give importance more on financial education that will benefit the students. In line with this, being a quantitative research with a descriptive comparative design as an approach, survey method was used where the researchers interact with 321 respondents by collecting data through structured close-ended survey questionnaires. To analyze the data gathered, the researchers used data analysis tools such as percentage/frequency, mean, F-test and T-test. Results showed that students were able to have a moderately high level in financial literacy and this finding is helpful for the development of financial literacy programs for the students in order for them to gain a better understanding of the different aspects of financial literacy and eventually help them to improve and maintain the areas concerned.
An individual has his/her own knowledge and understanding about managing financial resources. Wit... more An individual has his/her own knowledge and understanding about managing financial resources. With this knowledge follows how an individual applies it in making financial decisions, which includes handling and allocating money. These days, it is evident that students are more into spending to something they want rather than what they need. Perhaps, this is because of their inability to put their knowledge into application. With this, the study focuses on assessing the financial literacy level of the senior high school students of Xavier University in terms of their budgeting, saving, debt management, and spending habits. This study enables students, parents, teachers, school administration and future researchers to expound and give importance more on financial education that will benefit the students. In line with this, being a quantitative research with a descriptive comparative design as an approach, survey method was used where the researchers interact with 321 respondents by collecting data through structured close-ended survey questionnaires. To analyze the data gathered, the researchers used data analysis tools such as percentage/frequency, mean, F-test and T-test. Results showed that students were able to have a moderately high level in financial literacy and this finding is helpful for the development of financial literacy programs for the students in order for them to gain a better understanding of the different aspects of financial literacy and eventually help them to improve and maintain the areas concerned.
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