The Effectiveness of Financial Management Practices Among ABM Students in A Hybrid Learning
The Effectiveness of Financial Management Practices Among ABM Students in A Hybrid Learning
The Effectiveness of Financial Management Practices Among ABM Students in A Hybrid Learning
Students are now facing a new school year with a new set up called hybrid learning. Hybrid
learning is a synchronous instruction for both in-person and online students. It is a sort of
blended learning that places more of an emphasis on bringing together physical classrooms and
online learning environments to create a more comprehensive education or to put it another way,
hybrid learning is synchronous learning that takes place both physically and virtually.
Financial management practices have a vital role in students’ life. Due to inflation, prices of fuel
and food are now facing a rapid rise. Everyone, especially students and their families are affected
by this kind of dilemma. Syakirah (n.d) students, mainly university students, are in a transition
phase from teenagers to being young adults, as the majority of them are in the age range from 18
to 25 years old. Hence, as they are in the phase of being a young adult, and learning about being
in the adultery phase, they need to learn how to manage many things on their own, including
their finances.
As the economy has changed over the last few years, concern about teenagers' financial literacy
has only increased. Many kids fear they won't be able to handle their finances as adults because
they are unprepared for it. Youths from low-income and marginalized backgrounds who already
experience hardship are particularly affected by this problem (Briana Lee Hammontree, 2022).
Financial problems occur when an individual is unable to manage their daily expenses(Falahati
and Paim). Sabri, Hayhor and Ai (2006) financial problem is related to the problem of planning
conducted by Silva, Magro, Gorla, and Nakamura (2017) stated that high school students from
public schools in Blumenau,Brazil have an effective financial education acquired from their
family and relatives. The study population consisted of 4698 high school students from 14 public
schools in Blumenau and used a descriptive quantitative research and research survey.
Another study entitled The Effects of Financial Education on Financial Literacy in Italy by Gian
Paolo, Umberto, Enrico, and Elvira (2020) stated that the results of the financial education
programs that the respondents have participated in shows the effectiveness of the financial
education program. The study shows the sample of respondents composed of 918 Italian adults
who have participated during school years using descriptive quantitative research and survey.
Since the 1990s, personal finance education has become much more popular in US schools.
States with content standards for personal finance education in the schools increased from
twenty-one to forty-four between 1998 and 2009; states requiring implementation of those
standards increased from fourteen to thirty-four; and states requiring completion of a personal
finance course or an economics course with personal finance content increased from one to
The stated studies only focused on understanding the level of financial education of high school
students from public schools verifying how their financial knowledge is acquired. It also
effect on financial literacy in order to determine if their financial knowledge is higher in their
school years.The literature did not indicate what are the financial practices used by the high
school students.
The study attempts to discover the effectiveness of financial practices of Virgen Milagrosa
University Foundation Senior High School students in a strand of ABM. As the ABM students
step as college students, they must distinguish what are the financial practices that can be helpful
in their daily expenses. The importance of this study is to help the senior high school students to
develop and gain new information on their financial management skills in order to properly
The purpose of this study is to determine what are the financial practices used by the senior
This study aims to provide new knowledge and information about the effectiveness of financial
management practices in a hybrid learning. The beneficiaries of this research study would be:
Students – This study will help students to improve their financial skills that will help them to
School – This study will help schools to give knowledge to their students about the effectiveness
of financial management.
Other researchers – This research will help the younger researchers who wish to conduct
similar research and benefit to improve their knowledge in practicing the effectiveness of
financial management.
DEFINITION OF TERM
ABM students - The Accountancy, Business and Management (ABM) strand would focus on
the basic concepts of financial management, business management, corporate operations, and all
Hybrid learning - Online learning and synchronous or in-person instruction are combined in
hybrid learning. With a hybrid course design, some aspects of the curriculum are delivered
Effectiveness - The ability to deliver the desired outcome or result is what is meant by
such as the acquisition and use of an organization's funds, is referred to as financial management.
It entails using general management principles to manage the company's financial resources.
Financial literacy - is the ability to understand and make use of a variety of financial skills,
comprehending certain financial principles and concepts, such as the time value of money,
The goal of this study is to know the effectiveness of financial management practices among
Accountancy, Business and Management (ABM) strand in a hybrid learning of Virgen Milagrosa
1.