Financial Literacy and Saving Decision of ABM (Accountancy, Business and Management) Students: An Integration in Business Math

By: Cel Andrea B. Bodota, Mark Airon P. Creus

Luis Y. Ferrer Jr. Senior High School, General Trias, Cavite Province

 

ABSTRACT:

PURPOSE

The study aims to develop an integration of financial literacy and saving decision in teaching Business Mathematics in Senior High School.

 

METHODOLOGY

The respondents of the study were 101 Accountancy and Business Management (ABM) Students from Luis Y. Ferrer Jr. Senior High School, S.Y. 2016-2017. The study made used of Input–Process-Output descriptive research design using a validated questionnaire.

 

FINDINGS

The salient findings of the study were the ABM students are literate in their Financial Literacy while slightly motivated in their saving decision. There was a low negative correlation of -0.144 and a low positive correlation of 0.088 of the respondents’ household members to their financial literacy and saving decision. It was found out that there was no significant relationship between the number of the family members and monthly family income to their financial literacy and saving decision. It was concluded that as the members of the family gets smaller, the more financial literate the respondents become and the more they are motivated in their saving decision. The proponents recommend increasing the sample size and include private schools to see more diverse monthly family income and find better results of the study.

 

ORIGINALITY/VALUE

The output of the research was to integrate financial skills, ability, and confidence of a person to understand how money works and on how a person manages it and saving decision be included in learning objectives in the lessons to be discussed in Business Mathematics.

 

KEYWORDS

Financial Literacy, Saving Decision, Accountancy, Business and Management (ABM), Senior High School Students

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