College of Arts and Sciences of Asia and The Pacific
Rodriguez Campus
85 D Payatas Road, Brgy. San Jose,
Rodriguez, Rizal, Philippines
——————————————————————————————————––––
THE EFFECTS OF FAMILY INCOME ON THE SAVING HABITS OF GRADE 11
STUDENTS OF COLLEGE OF ARTS AND SCIENCES OF ASIA AND THE
PACIFIC RODRIGUEZ CAMPUS ON ACADEMIC YEAR 2024-2025
________________________________
A Research Presented to
The faculty of College of Arts and Sciences of Asia
And The Pacific Rodriguez, Rizal
________________________________
In Partial fulfillment of the
Requirements for Practical Research
Accountancy, Business and Management
________________________________
Sinadjan, Virgin Anne B.
Siclot, Jhames Patrick F.
Cassada, Roselyn
Bermudez, Mark
Vidal, Ren Glydel
Luvenario, Janzel
Zamora, Zhantal
September 2024
College of Arts and Sciences of Asia and The Pacific
Rodriguez Campus
85 D Payatas Road, Brgy. San Jose,
Rodriguez, Rizal, Philippines
——————————————————————————————————––––
CHAPTER 1
INTRODUCTION
This chapter contains the background of the study, statement of the problem, scope
and delimitation, and the significance of the study.
Background of the Study
In today’s world, financial literacy is plays an important role for everyone especially
for young adults navigating the complexities of personal finance. In this study, “The Effects of
Family Income on The Saving Habits of Grade 11 Students of College of Arts and Sciences
and The Pacific Rodriguez Campus on Academic Year 2024-2025” reflects the relationship
between family income and the saving habits for Grade 11 students at the CASAP
Rodriguez Campus. It is critical that we study and understand this in order to inform financial
education programs and promote responsible financial practices among young people. The
study aims to explore whether family income has a significant influence on students’ savings
habits. The reasons will be analyzed here, such as how much money has been saved, how
often they save, and what are the motivations of young people behind their decisions to
save.
Research indicates that the primary issue is that lower-income households—
especially those led by single mothers— have a tendency to save less money and to spend
it more quickly. However, compared to male heads of households, female heads of
households are more inclined to look for longer-term savings objectives like retirement.
There is proof that lower-class families may avoid using conventional financial institutions
because of things like fees, minimum balance requirements, credit history, and linguistic
difficulties, but little is known about how these experiences affect their capacity or incapacity
to save. There are particular difficulties when investigating grade 11 pupils’ saving practices.
This age group of students might not have much financial independence or control over their
own income, which makes it challenging to evaluate their own personal saving habits.
Furthermore, according to Robb and Pinto (2010) they have discovered that students who
report high parental income are more prone to spending money, less interested in financial
matters and see less need for precautionary saving. Parental income can be used as an
College of Arts and Sciences of Asia and The Pacific
Rodriguez Campus
85 D Payatas Road, Brgy. San Jose,
Rodriguez, Rizal, Philippines
——————————————————————————————————––––
indicator of a student’s lifestyle, social class, and the resources and opportunities that are
available to them.
According to Boston (2018) that senior high school students view the purchase of
educational resources as their biggest cause of financial struggles, and the inability to obtain
or acquire these materials negatively impacts their performance and learning. Additionally,
Khafid (2019) discovered and confirmed that early instillation of saving behavior is necessary
to minimize future requirements that will never run out. Furthermore, it is mentioned that
some teenagers save their allowances, which is the reason why students are encouraged to
set aside money in anticipation of future costs.
College of Arts and Sciences of Asia and The Pacific
Rodriguez Campus
85 D Payatas Road, Brgy. San Jose,
Rodriguez, Rizal, Philippines
——————————————————————————————————––––
Statement of the Problem
This study entitled “The Effects of Family Income on The Saving Habits of Grade 11
Students of College of Arts and Sciences and The Pacific Rodriguez Campus on Academic
Year 2024-2025” aims to address this gap by investigating the specific effects of family
income on the saving habits of these students during the Academic Year 2024-2025.
Specifically, it seeks to answer the following questions.
1. What is the demographic profile of Grade 11 students at the College of Arts and
Sciences of Asia and The Pacific for the Academic Year 2024-2025, based on
1.1 Age
1.2 Gender
1.3 Strand
1.4 Grade & Section
2. How does family income influence the saving habits of Grade 11 students at the
CASAP Rodriguez Campus during the 2024-2025 academic year, considering factors
such as:
2.1 Financial needs and Priorities
2.2 Spending Habits
2.3 Financial Literacy and Decision Making
3. Are there any significant differences in saving attitudes and practices between
students from high-income and low-income families?
College of Arts and Sciences of Asia and The Pacific
Rodriguez Campus
85 D Payatas Road, Brgy. San Jose,
Rodriguez, Rizal, Philippines
——————————————————————————————————––––
Conceptual Framework
1. What is the
demographic profile of
Grade 11 students at Data Gathering: Surveys and Analyze The Effects of
the College of Arts and questionnaires Family Income on The
Sciences of Asia and Saving Habits of Grade 11
The Pacific for the Data Analysis: Related Literature Students of College of Arts
Academic Year 2024- And Sciences of Asia and
2025, based on Compute The Pacific Rodriguez
Campus on Academic Year
1.1 Age 2024-2025
1.2 Gender
1.3 Strand
1.4 Grade & Section
2. How does family
income influence the
saving habits of Grade
11 students at the
CASAP Rodriguez
Campus during the
2024-2025 academic
year, considering
factors such as:
2.1 Financial needs
and priorities
2.2 Spending Habits
2.3 Financial Literacy
and Decision
3. Are there any
significant differences
in saving attitudes and
practices between
students from high-
income and low-
income families?
College of Arts and Sciences of Asia and The Pacific
Rodriguez Campus
85 D Payatas Road, Brgy. San Jose,
Rodriguez, Rizal, Philippines
——————————————————————————————————––––
Scope and Delimitation
This study focuses on understanding how family income influences the saving habits
of students. The researchers want to conduct this study is to determine the effects of family
income on saving habits of grade 11 students. They also anticipate to gain insights that will
help parents, teachers, and students encourage financial literacy and improve their handling
of money.
The research will gather data through surveys questionnaires distributed to grade 11
students, and the respondents are the selected grade 11 in all academic strands on grade 11
level (TVL-Home Economics, TVL- Information Communication Technology, Accountancy
Business and Management, Humanities and Social Sciences, and Science, Technology
Engineering and Mathematics) at College of Arts and Science of Asia and the Pacific in
Rodriguez Campus on academic year 2024-2025.
College of Arts and Sciences of Asia and The Pacific
Rodriguez Campus
85 D Payatas Road, Brgy. San Jose,
Rodriguez, Rizal, Philippines
——————————————————————————————————––––
Significance of the Study
The findings and results of this study will give great benefits to the following:
• Students. Students will gain a better understanding of how family income affects their
saving behaviors through this study. With this knowledge, students can become more
responsible with their money, improve their budgeting skills, and develop saving behaviors
regardless of their income level.
• Parents and Guardians. Parents may learn more about how their child’s saving habits
are influenced by their family’s income. Regardless of financial limitations, they might use
this information to help their children make better financial decisions and look into ways to
teach financial literacy at home.
• Educators and School Administrators. The results will be communicated directly to the
school’s teachers and administrators about the students’ financial awareness and behavior.
This can motivate them for including financial literacy activities or programs into the
curriculum, giving students the resources they need to handle money responsibly and
efficiently.
• Future Researchers. This study lays a foundation for future research into the
relationship between students’ saving habits and income levels. This work can be expanded
upon by future researchers to examine additional variables that influence saving habits or to
examine the study in different circumstances.
College of Arts and Sciences of Asia and The Pacific
Rodriguez Campus
85 D Payatas Road, Brgy. San Jose,
Rodriguez, Rizal, Philippines
——————————————————————————————————––––