Analysis of the Research Abstract
Title:
Financial Literacy Among the Senior High School Students: Basis for Financial Stewardship
Plan
Purpose:
The purpose of the study was to determine the level of financial literacy among senior
high school students as well as to assess the ability of the students to make informed financial
decisions. Moreover, the study also aimed to identify the financial challenges faced by the
students as well as to propose a financial stewardship plan that can enhance the financial
knowledge and money management skills in preparation for future financial stability.
Methodology:
The researchers utilized a descriptive quantitative research design to assess the financial
literacy of the students. The participants of the research were 90 senior high school students
chosen randomly. The data was gathered using a self-administered questionnaire that utilized
a Likert Scale Checklist, which was adapted from the National Center for Education Statistics
(NCES). Descriptive statistics were utilized to analyze the results of the study, and Google
Sheets was utilized to analyze the results to determine the level of financial literacy of the
students as well as their experiences. The ethical considerations of the study, such as participant
consent and confidentiality, were also observed.
Key Findings:
The study has determined that senior high school students generally have a moderate to
high level of financial literacy; however, a significant number of them continue to encounter
challenges managing their money. Parents were identified as the main source of financial
knowledge, followed by teachers and the internet. The students were familiar with basic
financial terms like “budget,” “bank loan,” and “debit card,” but were less aware of complex
financial terms. In addition to that, many students reported challenges such as high expenses,
low allowances, and difficulties in budgeting and saving money.
Relevance:
This study also emphasizes the need for improving the financial education of young
students. The findings of the study have highlighted that students have the basic knowledge of
finance, but they need guidance on how to apply the knowledge of finance in practical
scenarios. The proposed financial plan for financial stewardship can provide an opportunity for
the school system to teach students financial literacy, encourage family discussions about
money and provide practical strategies that will help students develop responsible financial and
prepare them for future financial independence.
Reference
Gabay, P. J. V., Bagsic, A. E. G., Beri, J. C. E., Lauresta, C. J., & Vetuz, M. M. (2024). Financial
literacy among the senior High school students: Basis for Financial Stewardship Plan.
International Journal of Advanced Engineering Management and Science, 10(3), 01–
12. [Link]