PRACTICAL RESEARCH CHAPTER 123 Final
PRACTICAL RESEARCH CHAPTER 123 Final
PRACTICAL RESEARCH CHAPTER 123 Final
FINANCIAL LITERACY OF
___________________________________________
In Partial Fulfillment
Of the Subject
___________________________________________
By:
Amodia, Hannah Ashley
Banados, Ashley
Casol, Alhysa
Dolera, Kleah
Refugio, Alona
Tuquib, Rishialyn
MAY 2024
1
APPROVAL SHEET
KLEAH, GIAN TROY JAYMA, MARIA LAURA LERIN, ALONA REFUGIO, RISHIALYN
2
ACKNOWLEDGMENT
appreciation to the beautiful lives that have contributed to the completion of this work
with their encouraging and pearls of wisdom, financial and moral support, shared time
Most importantly, to the loving Ruler of the Universe – God, the Almighty, for
making all things possible, for showing the way in searching for truth and knowledge,
and for showering them with hope, faith, and strength during their most challenging
To their families, for their unhesitating cooperation whenever they need their
help; to their other source of inspiration, for bringing them joy and comfort when they
To their research adviser, Ms. Ruth Huit, for dedicating her time, knowledge,
counsel, and patience to lead them through the whole process of writing the study.
To the principals and deans for allowing them to conduct this research, which
Last but not least, for those who are involved and had contributed much to the
fulfillment of the research study, participants and all – your support is highly
appreciated.
The Researchers
3
DEDICATION
To God, who never left their side when they could have lost the belief in
To their families who fed and took care of them while they could not focus on
To their friends who positively distracted them and helped them keep their sanity
To their research adviser, who gave full support and guidance to them amid the
To their old selves from the start who thought it was nearly impossible to
To their fellow learners who are fighting their way to their dreams of a better
future, one step at a time, in the face of the hardships and pains, notably this pandemic,
To each and every being who played a part in the completion of this paper,
Know that the researchers dedicate the success of this study to you all. Thanks
to your unending assistance, the sleepless nights, restless days, minor and significant
struggles, and breakdowns all paid off. May this academic paper provide something
The Researchers
4
ABSTRACT
5
TABLE OF CONTENTS
TITLE PAGE………………………………………………………...……………………
i
APPROVAL SHEET…………………………………………………..………………... ii
ACKNOWLEDGMENT.………………………………………………………………... iii
DEDICATION…………...……………………………………………….……………...
iv
ABSTRACT……………..………………………………………………..……………...
v
TABLE OF CONTENTS.………………………………………………..………………
vi
Chapter
INTRODUCTION………………………………………….…………….1
Theoretical Background……………………………..………… 3
THE PROBLEM………………………………………………………..
13
6
Significance of the Study..…………….………………………
14
RESEARCH METHODOLOGY………………………………………
15
Flow…………………………………………………...………...15
Environment…………………………..………………...…….. 17
Participants……...……………………………………...……...18
Instrument……………….…………………………………….. 18
Procedures……………………………………………………..
19
Gathering of Data………………………………………………
19
Treatment of Data………………………………………………....
…...20
DEFINITION OF TERMS…………………………………….……………….
23
RECOMMENDATIONS………………………………………………………..35
Summary……………………………………………...………………..
35
Findings……………………………..……………………...…………..36
Conclusion..…………………...………………………………...……..37
Recommendations………………………………………………….....38
7
REFERENCES……...…………………………………………………………
40
APPENDICES………...…………………………...…………………………..
45
Letters…………………………………………...……………………...45
Questionnaires…….………………………………...………………...
53
CURRICULUM VITAE…………………………………………………56
Tables
8
3 Summary of the Level of Motivation of the Teachers.................... 30
College…………………………………………………………………... 33
Chapter 1
THE PROBLEM AND ITS SCOPE
INTRODUCTION
Around the world, financial literacy is a critical life skill, especially for
senior high school students who are transitioning into adulthood and will
money management, seeing how their parents handle their finances, and
financial literacy levels. As such, wealthy children are more likely to have
money management, while less fortunate students can find it difficult to get
these kinds of tools. (Bandura, 1977) Furthermore, the way that parents
oriented teenagers are. Children are more likely to learn sound financial
habits from families who place a high priority on budgeting, investing, and
10
school students. The researchers understand how family background
relationships.
Theoretical Background
literacy of senior high school students. In this regard, there are three main
literacy of senior high school students. Accordingly, they are the “Family
11
One notable approach in understanding the influence of family
students interact with others over time, they shape their values,
and college.
by the relationships within the family unit as a whole. This theory offers an
12
money-related values—collectively influence the development of financial
behaviors are also shaped by the larger family context in which they are
behaviors and practices of their parents as role models within the family
system. Students may pick up proper financial practices from their parents,
such as establishing a budget, saving money, and investing, and they may
also acquire similar financial literacy abilities. On the other hand, students
may not be exposed to good financial practices and may find it difficult to
that students learn financial literacy abilities from seeing the financial
actions of their parents, peers, and teachers. Should a pupil witness their
staying debt-free, they are inclined to imitate such actions in the future.
13
inclined to accept rewarded behaviors and less likely to adopt punished
children are more likely to make similar decisions in the future if they get
rewards for their wise financial decisions, such as praise from their parents
who face consequences for their bad financial choices—like losing money
14
The definition of financial literacy is "the ability to use knowledge
management.
Lusardi and Mitchell (2014) suggests that having a strong financial literacy
true for young individuals who often face significant financial decisions for
the first time, such as selecting a college, taking out student loans, or
15
Research studies, such as those conducted by the FINRA Investor
youth lack the necessary financial knowledge and skills to make informed
practices, play a role in shaping the financial literacy of senior high school
students.
that develops financial literacy. The findings of Gutter et. al. (2010)
students are more likely to develop strong financial literacy skills. On the
other hand, the study also highlights that family conflict or secrecy
aspect in our lives. The study by Lynch and Netemeyer (2014) suggests
16
that individuals facing financial challenges, particularly those from lower
financial decision-making within the family unit, can play a significant role
17
Shim et al. (2010) underscores the critical role of financial literacy in
matters.
budgeting and saving. The findings suggest that individuals who have
Financial literacy is a critical life skill, especially for senior high school
18
19
THE PROBLEM
high school students in Mater Dei College and examine the influence of
1. How does family background influence the financial literacy of senior high
school students?
2. What specific financial knowledge and skills did senior high school
3. How did the financial experiences of senior high school students affect
Mater Dei College. Specifically, this study was of great importance to the
following:
Parents. The results from this study can lead to a more informed
20
responsibility, independence, and preparedness among their children as
the need for additional resources and support for those who may not have
goal of promoting financial literacy among young people. This study can
finances.
This can ultimately lead to improved financial literacy outcomes and better
and guideline in case they conduct a similar study and to check the validity
21
RESEARCH METHODOLOGY
Research Design
insights into the financial literacy of senior high school students in Mater
Dei College. This research will employ the case study type of qualitative
the ways in which their familial backgrounds influence their attitudes and
Research Flow
Input
Process
Data Collection,
Analysis and
22
Output
Recommendations
Research Environment
Research Participants
senior high school students from Mater Dei College. The researchers are
the financial knowledge and skills of these students. Senior high school
students are usually between the ages of fifteen and eighteen, completing
and eight of whom are male, who are all in Senior High School, ensuring
23
that each of them will qualify for this condition: 1) that they are currently
studying in the said educational institution. The participants were the MDC
Research Instrument
and the factors that contribute to their level of financial literacy. Open-
Rubin, 2011). The questions of the interview are based on the literature
review and assessed for validity by two experts in the sphere. The open-
ended questions that are included in the interview for this study include:
24
a.) How has your family background influenced your financial literacy?
b.) What specific financial practices did you learn from your family? c.)
this study can gather rich and detailed information on the participants’
financial literacy and the factors that contribute to it. To provide the validity
Research Procedures
Gathering of Data
The data for this study will be collected through face-to-face semi-
participants’ perspectives. The data collection process for this study will
provided with a consent letter outlining the purpose of the study, the
25
voluntary nature of their participation, confidentiality measures, and their
with the consent letter, detailing the logistics of the interview process,
including the date, time, and location of the interview, as well as any
The interviews will be conducted in a private setting and will last for
and will use some follow-up questions that arose during the interview. The
26
Treatment of Data
The data obtained from the participant sample will be analyzed using
messages that the participants are trying to get over, this method entails
finding and analyzing patterns and themes in the data. Large volumes of
which also offers rich, in-depth insights into people's attitudes, sentiments,
27
Chapter 2
RESULTS AND DISCUSSION
keeping the literature review and research findings from the interviews in
easier to see the patterns and direct responses from the informants.
financial literacy?
influenced by the lessons of budgetting and saving that they learned from
When asked about what were their perception about parents raising
28
“My family influence me in terms of financial literacy is that they
emphasized the importance of saving wisely and living within our means.
age.”
save unya kanunay sd mi advisan nga dapat kuntento rajd og unsay naa.”
sa among social status like sayo ko naka learn nga mag budget ug dili
mag oversfend, mag overspend kay dili ngana ka dali maka kwarta.”
but kanang naa mi sa tunga tunga sa middle class ug poor dapat gyud mi
mag tipid”
balay, murag dako-dako pud murag naka kuan pud ko nga kanang igo-igo
rapud ang madawat nga kwarta nila... my father and mother is a teacher
man both silang duha and ang ilang kuan kanang sweldo murag igo rapd
29
“Naa pud miy business nga gipadagan bitaw and then base rapud
Family business
Senior high school students’ financial literacy was influenced by their family
the respondents emphasized that their families often teach them budgeting and
saving skills through financial discussions at home. These responses align with the
study conducted by Gutter et. al. (2010) which suggests that when families engage
learning about money management, students are more likely to develop strong
the students’ financial literacy. The respondents stated that living with a
30
knowledgeable. This supports the study of Lynch and Netemeyer (2014)
learn how to handle their finances. These responses support the study of
Research Question 2: What specific financial practices did you learn from
your family?
practices that the students learned from their family. The findings showed
that the students learned how to budget and save their money from their
parents which is a critical skill that they can use while the teenagers are
When asked about what financial practices they’ve learned from their
31
“The specific financial practices that I’ve learn from my family is
budgeting”
budget”
“Ang mga practices nga na learn nako sakong family is mag save”
they learned from their parents are budgeting and saving money. They
stated that they learned these skills through financial discussions within
their homes. This supports the study of Gutter et. al. (2010) which
32
and provide a supportive environment for learning about money
that the students have encountered and affected their perceptions towards
financial matters.
When asked about what were the major financial experience that
money tapos naka borrow nalang kog money sa ahung friends arun maka
uli.”
cosmetics.”
“When i ran out of uh, when i ran out of my allowance due to the lack
of budgeting”
33
Thematic Analysis of Research Question 3
Overspe
nding
Key
The Family
mes Problem
s
handle their finances. This supports the study of Shim et. al. (2010) which
their experiences.
The problems that the students face with their families affect their
families face financial struggles they learn the importance of financial skills
such as budgeting and saving money. The responses align with the study
34
budgeting and saving. Their findings suggest that individuals who have
35
Chapter 3
Findings
among the students, leading to financial strain and borrowing money from
36
friends. This emphasizes the importance of budgeting and financial
challenges effectively.
Conclusion
Families are the primary educators and role models for children, through
proper education and guidance from their parents, students learn financial
aim not only to improve their current situation but also their future in the
financial field.
Recommendations
37
To the parents. Introduce basic financial concepts to children at an early
age such as budgeting, saving, and the value of money through age
guidance when needed but also allow them to learn from their mistakes
families.
students receive foundational knowledge and skills that can be built upon
background.
38
REFERENCES
Edward, E., Ihsan, M. N., & Siregar, A. P. (2021). Pemanfaatan Financial Technology
bagi Pelaku UMKM Pada Masa New Normal di Provinsi Jambi. Ekonomis, 5(1), 11.
Jump$tart Coalition for Personal Financial Literacy. (2019, March 18). Financial Literacy
eBooks.
Lusardi, A., & Mitchell, O. S. (2014). The Economic Importance of Financial Literacy:
39
Marshall, C. and Rossman, G.B. (2014) Designing Qualitative Research. Sage
(n.d.).
https://www.scirp.org/reference/referencespapers?referenceid=3470398
Simply Psychology. (2024, February 1). Albert Bandura's Social Learning Theory
In Psychology
Villegas, F. (2023, September 12). Thematic Analysis: What it is and How to Do It.
QuestionPro.
Xiao, J. J., Chen, C., & Chen, F. (2014). Consumer financial capability and financial
satisfaction. Social Indicators Research, 118(1), 415–432.
40
Appendix A
TRANSCRIPTION
TYPE
SESSION DETAILS OF REFLECTIVE NOTES
DATA
P1 DATE: April 17, 2024 Audio I realize that we have to save money
TIME:2:40pm – 2:45pm and we should spend our money in
LOCATION: MDC SHS important things not in just that you want
Building 4th Floor that but it's not very important.
P2 DATE: April 17, 2023 Audio I realize that we have to save money
TIME: 3:10pm-3:14pm and we should spend our money in
LOCATION: Mater Dei important things not in just that you want
College Tubigon, Bohol that but it's not very important.
P3 DATE: April 17, 2024 Audio I've come to the realization that we
TIME: 2:25pm-2:30pm actually need to save money and
LOCATION: Mater Dei manage our spending so that we have a
College Tubigon, Bohol fallback plan in case we run into
unforeseen issues, particularly with our
finances. I also came to the realization
that we should consider our options
before making a purchase. Throw all the
pointless things that you buy and
prioritize you're needs.
P4 DATE: April 17, 2024 Audio I've come to the realization that we
TIME: 2:20pm-2:25 pm actually need to save money and
LOCATION: Mater Dei manage our spending so that we have a
College Tubigon, Bohol fallback plan in case we run into
unforeseen issues, particularly with our
finances. I also came to the realization
41
that we should consider our options
before making a purchase. Throw all the
pointless things that you buy and
prioritize you're needs.
P5 DATE: April 17, 2024 Audio Thoroughly plan, adapt, and respect
TIME: 2:26pm -2:34pm privacy while actively listening,
LOCATION: Mater Dei documenting accurately, and analyzing
College Tubigon, Bohol the collected data to ensure reliable and
meaningful insights.
P6 DATE: April 17, 2024 Audio That it requires careful planning and
TIME: 2:40pm -2:48pm attention to details to ensure a accuracy
LOCATION: Mater Dei in data collection
College Tubigon, Bohol
P7 DATE: April 17, 2024 Audio Learn to save money and don't spend
TIME: 2:20pm - 2:46pm money for nonsense
LOCATION: Mater Dei
College Tubigon, Bohol
P8 DATE: April 17, 2024 Audio : Be satisfied of what you have
TIME: 3:00pm - 3:30pm
LOCATION: Mater Dei
College Tubigon, Bohol
P9 DATE: April 17, 2024 Audio : I realized that we need to save money.
TIME: 4:15pm - 4:18pm Saving money is important because if
LOCATION: Mater Dei something bad happens and we need
College Tubigon, Bohol money, we can use our savings and we
don't have to borrow money from other
people. I also realized that don't spend
too much money on unnecessary things.
I believe that the sooner you start saving
for your goals, the more likely you’ll
achieve them faster.
P10 DATE: April 17, 2024 Audio I realized that we need to save money.
TIME: 3:34pm - 3:47pm Saving money is important because if
LOCATION: Mater Dei something bad happens and we need
College Tubigon, Bohol money, we can use our savings and we
don't have to borrow money from other
people. I also realized that don't spend
too much money on unnecessary things.
I believe that the sooner you start saving
for your goals, the more likely you’ll
achieve them faster.
P11 DATE: April 17, 2024 Audio a certain experience can help us think
TIME: 3:05 pm - 3:07pm differently, whether it be positive or
LOCATION: Mater Dei negative about money. and it shows that
College Tubigon, Bohol we all need experiences to attain a
42
lesson in life that we can learn from
whether it be about financial literacy or
not
P12 DATE: April 17, 2024 Audio I believe that the sooner you start saving
TIME: 2:34pm-2:49pm for your goals, the more likely you’ll
LOCATION: Mater Dei achieve them faster.
College Tubigon, Bohol
P13 DATE: April 17, 2024 Audio I realized that different family
TIME: 3:31 pm- 3:34 pm backgrounds can have different
LOCATION: Mater Dei thoughts or ideas about financial
College Tubigon, Bohol literacy.
P14 DATE: April 17, 2024 Audio I realized that don't spend too much
TIME: 3:37pm-3:56pm money on unnecessary things. I believe
LOCATION: Mater Dei that the sooner you start saving for your
College Tubigon, Bohol goals, the more likely you’ll achieve
them faster.
P15 DATE: April 17, 2024 Audio I realized that don't spend too much
TIME:12:30pm-12:50pm money on unnecessary things. I believe
LOCATION: Mater Dei that the sooner you start saving for your
College Tubigon, Bohol goals, the more likely you’ll achieve
them faster.
P16 DATE: April 17, 2024 Audio I came to the realization that we should
TIME:10:00am-10:15am consider our options before making a
LOCATION: Mater Dei purchase.
College Tubigon, Bohol
Question #1: How has your family background influenced your financial literacy?
TRANSCRIPTION
P1 My family influence me in terms of financial literacy,,,, is that they thought me to
save my allowances and,,, and prioritized my needs not wants. Even if my
parents give me a lot money, I, myself knows to save it and think before hand
the consequences of my,,, behavior before spending or buying the item.
43
kanang kaalaman ug kasanayan sa ahong kwarta kay, una sa tanan, sila may
naghatag sakong kwarta so kung pila ang ihatag nako mao poy katumbas nga
impluwensya sa pagmanage nako sa kwarta kay for example dako sila ug ihatag
nako , ang maimpluwensya ato,,, ang impluwensya nga mahatag adto kay mas
madaghan kog mapalit therefore, mas ma careless ko sa akong kwarta kay dili
man kuan daghan pamag choices, pero kung gamay nalang ang ihatag nako,
ang maimpluwensya pud ana kay mas ma careful ko kung unsay gipangpalit,
mas magtipid ko mga ingana.
P5 Growing up my family approach to finance had a big impact on me.My parent
where always very responsible with money they emphasized the importance of
saving wisely and living within our means.This instilled in me a strong sense of
financial discipline from a young age.
P6 I grow a family that severly not rich so ang ilang naimpluwansyahan ko nila sa
akong financial literacy nga importante kaayo nga kaylangan magtigom
P7 Since akong mama kay mao may nagdala sa budget and naa pud miy business
nga gipadagan bitaw and then base rapud ana naka learn ko unsaon pag kuan
sa financial sa among family.
P8 So first of all sa bata palang mi ginatudloan najud mi unsaon pag save unya
kanunay sd mi advisan nga dapat kuntento rajd og unsay naa.
P9 Knowing na were in middle class or di pud mo ingon ug middle class but kanang
naa mi sa tunga tunga sa middle class ug poor dapat gyud mi mag tipid kay
kanang morag pobre mi nga di.
P10 My family influence me is with money because we have this business called our
own clinic which is very successful and not just beside from my clinic we have
supportive family we can provide such as financials within our family and our
business as well that's why i find my family influenced on financial matters.
P11 Tungod sa ahung family background it influence me to be mindful on how i spend
and budget
P12 Growing up, my grandparents would love to be with me. Despite living in different
houses, like naa koy mga side as along mama and lolo na mga grandparents, at
a young age. I witnessed and experienced how it feels to be poor. Side as akong
lolo, They would limit me to buy only one kinder joy despite wanting to buy 2,
since it cost a lot. Their i learned that money does not grow on trees and as i
matured i learned to value the importance of money.
P13 So my family background about kanaaang financial is kada month kay kanaang
magpada mana akung father maoto kanaang ang ipada sa akung father kay
budgeton jud na kanunay sa akong mother like kanaang [inaudible 00:30 to
00:31] jud nya didtoa na tanang mga kanaang bud mga gastoonon namo sa one
month mao tong maoy naka influence nako.
P14 Uhm base sa kanang financial nga status namo like mga gastoon sa balay,
murag dako-dako pud murag naka kuan pud ko nga kanang igo-igo rapud ang
madawat nga kwarta nila, ay ma kuan nila mama sa ilang trabaho, my mama is,
ay my father and mother is a teacher man both silang duha and ang ilang kuan
kanang sweldo is murag igo rapd nga map-mapa kuan mi, mabuhi mi nila tanan
walo ka mag-igsuon.
44
P15 The current place as significant role in shaping my individual financial literacy by
providing early education serving as model for financial behavior offering
resources and support influencing cultural values and considering opportunities
or challenges related financial management
P16 I spend my money responsibly and wisely
Question #2: What specific financial practices did you learn from your family?
TRANSCRIPTION
P1 The specific financial practice that I learn from my family is budgeting,, that's why
I always brought my own lunch in school.
P2 Mag budget then mag save
P3 That is budgeting,,, my family taught me to spend my money wisely so I always
bring snacks,,or. lunch... since I know that is expensive if I buy it on the
cafeteria... About clothes and accessories naman.... I [inaudible] to buy affordable
yet high quality clothes so I can save money more in my everyday ... expenses
P4 sa ang.........nalearn pud nako nila ang.. pagtipid sad kay kanang exam..
kanang... imbes nga mopalit maggama nalang, kanang example, kintahay ang
mga parent,,akong mama kay dili man hilig mopalit ug ready to eat na nga
pagkaon kay mas maka,,,, mas maka save mi kung kami nalang magluto ingana
so mao to, mao toy nalearn nako nga imbes nga mopalit nalang kung sud an sa
canteen, magda nalang ko ug,, kuan sud an or snacks nga gikan sa amoa.
P5 Ang specific nga financial practices sa ako na learn pagtigom,mao ang gitudlo ni
papa og mama eversince I was a kid para makapalit sa ako ganahan especially
sa akong ganahan nga pagkaong cravings and then maka shopping sa online
then malipay si mama og papa ang akong parents tapos ako na sila mapadalhan
og kwarta.
P6 Gitudlo nila mama og papa nako nga magtigom, invest.
P7 The specific financial practices that I’ve learn from my family is budgeting and
learn to save and kana pung kahibaw ka mo control sa imohang mga gasto
kahibaw ka mo control sa imong mga luho like for example naa kay gusto, dapat
imoha jd na syang tiguman or dapat imoha jud na syang kuan murag mag think
paka ba nga dapat magamit ni sya nako naa ni syay purpose.
P8 Ang mga practices nga na learn nako sakong family is mag save jud mi bisag aw
every day hatagan man ko niyag bawn pero dapat mag bilin jud ko para mag
save everyday.
P9 Saving, mag saving ug money.
P10 Actually number 2 question not in particular na give me a practice to learn such
from myself. I learn how to save money and spend money well because of a
(inaudible timestamp) crisis about a money it is hard to define a learning from my
parents of how to spend money because of a business. In my perspective my
learnings of financial it is not based of my family but it based of myself.
P11 One of the financial practices that I've learned from my family is kanang mag
manage well or mag budget well sa kwarta na I am currently holding.
P12 Surrounded with people that works hard to earn money makes me reflect that
money comes from the sweat of my families hardwork. Although we are financially
45
stable or incapable. We were taught to be humble and even share our blessings
to others.
P13 Katong na influence nako kay mao napuy akong giapply nako sa akong self since
since gaboarding house naman ko mao poy ak mao poy akong pinaagi sa pinaagi
inig kanaang makadaw madawat na nako akoang allowance mao to ako napung
ibudget for one week.
P14 Sa kanang bills sa kuryente og sa tubig og sa mga kuan expenses sa mga gamit
nga, like sa mga stove kintahay ngana, mga, sa mga appliances, yes samot na sa
mga school supplies, pakit on mn mi niya sa mga kuan sa unsay tawag, resibo
inag palit.
P15 This is I learn from my family are budgeting saving weekly allowance.
P16 Uhm kuan set goals, spend less than you make og create a budget.
Question #3: What major financial experience have you encountered that affected your
perceptions towards financial matters?
TRANSCRIPTION
P1 There are times that I spend my money purchasing online like buying some
clothes, jewelry and,,, mostly cosmetics therefore my savings lessen. I realize that
i need to manage my money wisely.
P2 Sa karon,,, wala pa
P3 There was a time that I spent my money too much,,,, by buying expensive clothes
and cosmetics,,, not realizing that I disregarded my budget for my basic needs....
Therefore, I need to start adjusting my behavior...so that..... by managing and
spending my money and expenses wisely.... I conclude that saving money,, and
separating my needs and wants may help me in my financial management.
P4 Kanang... unsa to, unsa to,,,, (repeating the question) [moment of silence]......
unsaon mana........ [the researcher explaining further regarding in this question]....
ang experience nako nga naka effect gyud nako sa manage sahong kwarta kay
uhmm.. ang pag eskwela diri sa mater dei kay, kay layo naman ko sahong
ginikanan niya gamay rakong,,, gamay ra ang relatives nako diri so mas careful
ko mag,, gasto gasto kay kung kintahay, naay emergency nga.. gastohonon wala
nakoy kaduolan maong sukad atong naa ko diri sa mater dei, nag save save nako
wala nako sig gasto mga pointless nga kuan,, niya magdanajud kog extra nga
kwarta nga gikan nako mga ingana....para safe.
P5 Sigi ko pangutang dugay kayko mubayad kanang gutmon man ko always so sige
kug palit og kanang food so mahurot ako kwarta maoto.
P6 Usahay kong mawagtangan mahutdan ko [inaudible]di nako murag nga magtigom
jud ko kailangan gud naho i manage ang ako kwarta.
P7 Actually wala pakoy experience about ani but if naa man gani sa future is maka
affect siya especially wala pa bitaw ko naka learn aning about sa financial matters
unya maka affect ni saamoa for example kanang mawala ang tig hatag saakong
budget ngana so dako syag impact saamong life nga maka affect saamong
financial matter.
46
P8 So kani wapa jud ko nakasuway ani kay everyday ginahatagan man jud ko og
bawn mga expenses nako pero og makasuway man gani ko everyday aw basin
makasuway man gani ko ani in the future basig dili tali nako makaya akong
buhaton tali kay dapat mag kugi ko dapat saakoa ra jd self mag save jud ko.
P9 During this year akong papa is na hospital need gyud mi ug financial ana kay
morag dako dako mig bayronon sa hospital then kalit lang sakto sakto rami ng
naay kwarta nga ma kuan sa kada buwan sa budgeting mora siyag na short kay
lagi na hospital akong papa need gyud bayran tung mga financials.
P10 Actually it's fine I don't have perception towards financial because I’m always
aware of the danger of financial how to spend it will and how to carry it well and
how to save well because in life money is needed in order to survive that's why I
don't have any perception about financials in encountered life.
P11 That time around march na nag overspend ko tapos na hutdan kog money tapos
naka borrow nalang kog money sa ahung friends arun maka uli. tungod ato naka
realize ko na kailangan jud dapat ta makahibaw unsaon inig save ug money.
P12 When i ran out of uh, when i ran out of my allowance due to the lack of budgeting,
I realized that due to my irresponsible actions it would lead me, it would lead to
the dissapointment of my parents. There i learned to budget and be responsible
with my financial matters.
P13 What major financial experience have I encounter is katong pandemic ng nawad-
an ug trabaho akong father since gipanaog tanang mga sea ferris kay lagi
pandemic nya mao tong murag dili na sila kaayo kadawat ug sweldo dili na
pareha sauna ag ilang nadawatan na sweldo maong murag na short² pud mi adto
kung unsaon pag budget especially kay naa pud mi mga daghang pangbayaran.
mao rato thank you.
P14 Kanang mga tampohon sa skwelahan dagko kaayo.
P15 In major financial experiences that I encounter are an expected expenses such as
buying things that I don't need and only I want and etc.
P16 Kanang katong like dili na kaayo ko magsalig sa akong parents kanang pamaliton
nako bisag unsa kay akoa nang kwarta gamit, kay naka realize ko na kuan karon
na bata [ako, ay basta padung na sa adulthood dapat kamao nako mo handle
sakong own money.
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Appendix B
LETTERS
Mater Dei College
Cabulijan, Tubigon, Bohol
April 2024
DR. JASMIN M. SUMIPO
Principal, High School Department
Mater Dei College
Cabulijan, Tubigon, Bohol
Dear Dr. Sumipo:
Warm greetings!
We, the researchers from Grade 11 ABM of Mater Dei College, are
currently enrolled and undertaking the subject Practical Research 1.
Presently, we are conducting research entitled “ The Influence of Family
Background in financial Literacy of Senior High School Students” as a
prerequisite of the subject. Hence, it is part of the requirements to gather
data from the selected research participants.
With regard to this, we would like to request permission from your
respected office that some students of the High School Department shall
take part in our study as participants. We would be grateful if you would
enable us to pursue this research and conduct surveys with our study
participants.
Your approval of our request is highly anticipated.
Respectfully yours,
48
(Sgd.) Tuquib, Rishialyn
Approved by: (Sgd.) Taghoy, Haven Jair
April 2024
Dear Participants:
Greetings of joy and peace!
We, researchers from Grade 11 ABM of Mater Dei College, are
currently taking up the subject Practical Research 2. Hence data collection
from our chosen study participants is one of the subject’s prerequisites.
The researchers are conducting a study entitled “The Influence of Family
Background in Financial Literacy among Senior High School Students.”
The purpose of this research is to explore the influence of family
background in shaping the financial literacy of senior high school students.
Your participation in this study would involve participating in a face-to-face
semi-structured interview, where we will discuss your experiences,
perspectives, and insights regarding your family's influence on your
financial literacy.
In this regard, we are respectfully requesting your time, effort, and
honesty in answering our questionnaire. Rest assured that your responses
will be kept confidential and will only be used for research purposes.
Your positive response to this request of ours will be highly
appreciated as it will be a valuable contribution to the success of the study.
Respectfully yours,
(Sgd.) Amodia, Hannah Ashley
(Sgd.) Banados, Ashley
(Sgd.) Casol, Alhysa
(Sgd.) Dolera, Kleah
(Sgd.) Jayma, Gian Troy
(Sgd.) Lerin, Maria Laura
(Sgd.) Refugio, Alona
49
(Sgd.) Tuquib, Rishialyn
Noted by: (Sgd.) Taghoy, Haven Jair
April
2024
Dear Parents:
Warm greetings!
We, the researchers from Grade 11 ABM of Mater Dei College, are
currently enrolled and undertaking the subject Practical Research 1.
Presently, we are conducting research entitled “ The Influence of Family
Background in financial Literacy of Senior High School Students” as a
prerequisite of the subject. Hence, it is part of the requirements to gather
data from the selected research participants.
With regard to this, we would like to request your permission to
allow your daughter/son to take part in our study as participants. Rest
assured that their responses will be kept confidential and will only be used
for research purposes. Your positive response to this request of ours will
be highly appreciated as it will be a valuable contribution to the success of
the study.
Your favorable response to this matter will be much appreciated.
Respectfully yours,
50
(Sgd.) Refugio, Alona
(Sgd.) Tuquib, Rishialyn
(Sgd.) Taghoy, Haven Jair
Noted by:
RUTH HUIT, LPT
Research Adviser
Appendix C
RESEARCH QUESTIONNAIRE
Please read each statement carefully and respond in accordance with the guidelines
provided in each section based on your knowledge or experiences.
Part 1. Influence of family background
How has your family background influenced your financial literacy?
________________________________________________________
______________
________________________________________________________
______________
________________________________________________________
______________
Part 2. Financial practices learned from family
What specific financial practices did you learn from your family?
________________________________________________________
______________
________________________________________________________
______________
________________________________________________________
______________
Part 3. Financial experiences that affected your perceptions towards financial matters
What major financial experience have you encountered that affected your perceptions
towards financial matters?
51
________________________________________________________
______________
______________________________________________________________________
________________________________________________________
______________
CURRICULUM VITAE
EDUCATIONAL BACKGROUND
Senior High School : Mater Dei College
Cabulijan, Tubigon, Bohol
52
2023-Present
Junior High School : Mater Dei College
Cabulijan, Tubigon, Bohol
2019-2023
Elementary School : Sagbayan Central Elementary School
Sitio School Site, Sagbayan, Bohol
2013-2019
53