Impact of Financial Literacy to the School

Expenses of grade 11 Home Economics

Student in Binulasan Integrated School
sy. 2024-2025
Introduction
This study explores the impact of financial
literacy on Grade 11 Home Economics students'
school expenses in rural settings. It aims to provide
insights into students' financial habits and challenges,
guiding the development of tailored financial
education programs to enhance money management
skills.
 Financial literacy is crucial for students, especially
those in Home Economics, to effectively manage their
resources and manage school-related expenses. Grade 11
students at Binulasan Integrated School face challenges due
to lack of financial knowledge and formal financial
education, highlighting the importance of financial literacy
for personal development and academic success.
 The study examines the impact of financial literacy
on Grade 11 Home Economics students at Binulasan
Integrated School's ability to manage school expenses
during 2024-2025. It aims to assess students' financial
planning, budgeting, and control, providing insights for
future financial education.
Background of the study
Financial literacy plays a vital role in managing personal finances
effectively, particularly among students. In the Philippines, the
Department of Education emphasizes integrating financial literacy into
the curriculum to equip students with essential life skills (DepEd, 2013).

Grade 11 Home Economics students, specifically, require financial

literacy to manage their school expenses wisely. Research suggests that
financial literacy significantly influences financial behavior, including
budgeting and saving habits (Hilgert et al., 2003; Lusardi & Micthell,
2014).
 Binulasan Integrated School presents unique
financial challenges for Grade 11 Home Economics
students. Managing school expenses, including allowance,
tuition fees, daily expenses, and project costs, demands
financial literacy skills. This study aims to investigate the
impact of financial literacy on school expenses among
these students.
Statement of the Problem
This study aims to determine the impact of financial
literacy on the school expenses of Grade 11 Home
Economics students. Specifically, it seeks to answer
the following questions:

1. What is the level of financial literacy among Grade 11

Home Economics students in terms of:
a. budgeting,
b. saving,
c. prioritizing needs over wants, and
2. What are the common types of school expenses incurred by Grade 11
Home Economics students?

3. How does the level of financial literacy influence:

a. the ability to allocate resources for school expenses,
b. the ability to avoid unnecessary spending, and
c. overall financial behavior in managing school-related costs?

4. Is there a significant relationship between the level of financial

literacy and the total school expenses of Grade 11 Home Economics
students?
Hypothesis

Null Hypothesis (H0): There is no significant relationship between

financial literacy and the ability of Grade 11 Home Economics students in
Binulasan Integrated School to manage their school expenses effectively.
 Conceptual Framework
Independent Variable

Financial literacy
Budgeting, spending, and saving

Dependent Variable

IV-DV MODEL School Expenses, Educational Materials

(books, supplies, etc.) project expenses,
travel cost
Significance of the study
• Community
• Parents
• School/Teachers
• Students
• Other Researchers
Scope and Delimitation
The study will focus on students enrolled in the Grade
11 Home Economics program at Binulasan Integrated School
for the academic year 2024-2025. It will examine how
specific financial literacy skills, such as debt management,
budgeting, saving, and financial planning, affect the
students' ability to manage their school expenses.
Definition of terms
1. Budget - A plan that outlines expected income and expenses over a specific
period, helping individuals manage their finances.

2. Debt - Money that is borrowed and is expected to be paid back with interest,
which can impact financial stability and creditworthiness.

3. Financial - Relating to or involving money. The company is in financial

difficulties. The government's financial advisers. Synonyms: economic, business,
money, budgeting.
4. Financial Literacy - The ability to understand and effectively manage
personal finance matters, including budgeting, saving, investing, and debt
management.

5. Hands-On Experience - Practical involvement in managing money, such as

through part-time jobs or budgeting for personal expenses.

6. Income - The money earned or received from various sources, such as

wages, salaries, allowances, scholarships, or financial assistance. Income is
the money you receive in exchange for your labor or products.
7. Investing - The act of allocating resources, usually money, in order to
generate profit or income over time, with various options including stocks,
bonds, and real estate.

8. Manage - To handle or direct with a degree of skill: such as to exercise

executive, administrative, and supervisory direction of manage a business.

9. Savings - Money set aside for future use, often kept in a savings account
to earn interest.

10. Wants - Items that a person would like to have but are not essential for
life.
CHAPTER 2
Positive Impacts of Financial Literacy

Chen and Volpe (1998) argue that financial literacy has long-
term benefits for students as it instills habits of saving and
budgeting early on. These habits not only help students manage
school expenses but also prepare them for future financial
responsibilities. For students at Binulasan Integrated School,
developing these skills during senior high school can contribute to
both academic success and financial well-being beyond
graduation.
Negative Impacts of Financial Literacy
Fernandes, Lynch, and Netemeyer (2014) conducted a
meta-analysis examining the relationship between financial
literacy and financial behaviors. Their findings suggest that
while financial education has a positive impact, its effect on
actual financial behaviors is modest. This indicates that
financial literacy programs should be part of a broader
strategy that includes practical applications to effectively
influence students' management of school expenses.
CHAPTER 3
Research Methodology

This chapter presents the research methodology used in

this study. It outlines the research design, population and
sample, sampling technique, research instruments, data
collection procedures, and data analysis methods employed to
investigate the impact of financial literacy on the school
expenses of Grade 11 Home Economics student in Binulasan
Integrated School for the school year 2024-2025.
Research Design

The researcher will utilize quantitative research design,

specifically descriptive - correlational research design to
examine the relationship between financial literacy and the
school expenses of Grade 11 Home Economics students at
Binulasan Integrated School.
Locale of the Study
The study will be conducted at Binulasan Integrated School,
located in the rural area of Barangay Binulasan, Infanta, Quezon,
Philippines.

Population
According to the records of all secretaries of Grade 11 students at
Binulasan Integrated School, the total number of students is 210
Sampling Method

This study will utilize a simple random

sampling method to select participants from the
Grade 11 Home Economics students at Binulasan
Integrated School for the academic year 2024-
2025. Simple random sampling is a technique
where every student in the target population has
an equal chance of being selected.
Research Instrument

A survey questionnaire will be the primary instrument for

data gathering. The survey will be designed to assess the
financial literacy levels of Grade 11 Home Economics students
and their ability to manage school expenses effectively.

This instrument is appropriate because it allows for the

efficient collection of quantitative data from a large number of
respondents, ensuring consistency in responses and simplifying
data analysis.
Data Gathering Procedure
Before:
Prior to collecting data, the researchers will secure approval from the
school administration of Binulasan Integrated School to conduct the
study among Grade 11 Home Economics students. Once approval is
obtained, the researchers will create a structured survey questionnaire
focused on financial literacy and school expense management. The
questionnaire will be validated by subject matter experts to ensure its
relevance and clarity. Parental consent and assent from the students
will also be secured, ensuring ethical standards are met.
During:
The survey questionnaires will be distributed to the selected
participants through simple random sampling. A brief
orientation will be conducted to explain the purpose of the
study and the instructions for answering the questionnaire.
Participants will be encouraged to answer honestly and will be
assured of the confidentiality of their responses. Adequate
time will be provided for the participants to complete the
survey, and researchers will be available to address any
questions or concerns.
After:
Once the questionnaires are collected, the responses will be
reviewed for completeness. The data will then be organized
and encoded for analysis. Statistical tools will be applied to
determine the relationship between financial literacy and the
students' ability to manage their school expenses. The
findings will be interpreted and presented in a
comprehensive report, which will be shared with the school
administration and other relevant stakeholders.
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Chen, H., & Volpe, R. P. (1998). An analysis of personal
financial literacy among college students. Financial
Services Review, 7(2), 107–128.
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057081099800067
Creswell, J. W. (2014). Research design: Qualitative,
quantitative, and mixed methods approaches (4th ed.).
SAGE Publications.
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Department of Education (DepEd). (2013). K to 12
curriculum guide in technology and livelihood education
(Grade 11 Home Economics). Department of Education.
https://www.deped.gov.ph/k-to-12/

Fernandes, D., Lynch, J. G., & Netemeyer, R. G. (2014).

Financial literacy, financial education, and downstream
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Thank You!!!