Sex Frequency Percentage (%)

Male 26 25.7
Female 75 74.3
Total 101 100.0

Section Frequency Percentage (%)

BSMA 4-1 9 8.9
BSMA 4-1P 5 5.0
BSMA 4-2 7 6.9
BSMA 4-3 11 10.9
BSMA 4-4 23 22.8
BSMA 4-5 2 2.0
BSMA 4-6 12 11.9
BSMA 4-7 18 17.8
BSMA 4-8 14 13.9
Total 101 100.0

Monthly allowance or income Frequency Percentage (%)

PHP 5,000 and below 39 38.6
PHP 5,001 to PHP 10,000 21 20.8
PHP 10,001 to PHP 15,000 13 12.9
PHP 15,001 to PHP 20,000 14 13.9
PHP 20,001 to PHP 25,000 9 8.9
PHP 25,001 and above 5 5.0
Total 101 100.0

1. What is the level of assessments of the respondents’ financial literacy in terms of the
following factors:

Verbal
Knowledge of Financial Concepts Mean
Interpretation
I know how to compute the net worth. 4.08 Very Good
I understand the concept of liquidity very well. 4.05 Very Good
I understand financial uncertainties that may occur. 4.12 Very Good
I have an adequate understanding of simple and compound
3.97 Very Good
interest.
I can easily define the Capital Asset Pricing Model (CAPM). 3.50 Good
Grand Mean: 3.94 Very Good
Legend: Poor (1.00 – 1.50), Fair (1.51 – 2.50), Good (2.51 – 3.50), Very Good (3.51 – 4.50), Excellent (4.51 – 5.00)

Verbal
Ability to Communicate about Financial Concepts Mean
Interpretation
 I know how to illustrate the computation of net worth. 3.79 Very Good
I can easily discuss inflation with my classmates and/or
3.77 Very Good
colleagues.
I can accurately define asset allocation and diversification. 3.70 Very Good
I can interpret the risks in financial decisions I make. 3.68 Very Good
I can elaborate the capital asset pricing model (CAPM). 3.29 Good
Grand Mean: 3.65 Very Good
Legend: Poor (1.00 – 1.50), Fair (1.51 – 2.50), Good (2.51 – 3.50), Very Good (3.51 – 4.50), Excellent (4.51 – 5.00)

Verbal
Aptitude in Managing Personal Finances Mean
Interpretation
I am able to keep track of my cash resources and payment
4.20 Very Good
obligations.
I have a basic understanding of health and life insurance. 4.07 Very Good
I have plans for future financial needs. 4.29 Very Good
I make sure that I establish an emergency fund. 4.10 Very Good
I know how to open an account for saving and how to apply
3.98 Very Good
for a loan.
Grand Mean: 4.13 Very Good
Legend: Poor (1.00 – 1.50), Fair (1.51 – 2.50), Good (2.51 – 3.50), Very Good (3.51 – 4.50), Excellent (4.51 – 5.00)

Verbal
Skill in Making Appropriate Financial Decisions Mean
Interpretation
My financial decisions are highly influenced by the
3.96 Very Good
proliferation of goods and services in the marketplace.
My financial decisions are highly influenced by my limited
4.15 Very Good
resources to acquire goods and services.
I can successfully manage debts while making financial
3.87 Very Good
decisions.
I possess a set of critical thinking skills to weigh and assess
the pros and cons of a particular decision relative to my own 3.95 Very Good
needs, values, and goals.
I agree in developing, acquiring, maintaining, and conserving
scarce resources to allow families and individuals to better 4.19 Very Good
their levels of living.
Grand Mean: 4.02 Very Good
Legend: Poor (1.00 – 1.50), Fair (1.51 – 2.50), Good (2.51 – 3.50), Very Good (3.51 – 4.50), Excellent (4.51 – 5.00)

Verbal
Confidence in Planning Effectively for Future Needs Mean
Interpretation
I have responsible saving habits for future retirement. 3.94 Very Good
 I have planning skills that stemmed from improved financial
3.99 Very Good
literacy.
I make immediate decisions without planning. 3.06 Good
I plan without making immediate decisions. 3.60 Very Good
I have sufficient knowledge to make informed financial
3.84 Very Good
decisions.
Grand Mean: 3.69 Very Good
Legend: Poor (1.00 – 1.50), Fair (1.51 – 2.50), Good (2.51 – 3.50), Very Good (3.51 – 4.50), Excellent (4.51 – 5.00)

2. What is the level of assessments of the respondents’ cash flow management in terms of the
following factors:

Financial Management

Financial Management Frequency Percentage (%)

I review and evaluate my spending habits. 84 83.2
I follow a weekly or monthly budget. 77 76.2
I estimate household income and expenses. 63 62.4
I regularly set aside money for large expected expenses
55 54.5
(like insurance or taxes)
I compare my checking account records with my monthly
33 32.7
statement.

How confident are you with your ability to manage your own
Frequency Percentage (%)
finances?
Not confident at all - I wish I knew a lot more about money
5 5.0
management.
Somewhat confident - I know a lot about money
39 38.6
management.
Confident - I understand most of what I need to know. 48 47.5
Very Confident - I understand money management very
9 8.9
well.
Total 101 100.0

Financial Attitude Mean Verbal Interpretation

Maintaining adequate financial records 4.43 Somewhat Important
Spending less than your income 4.58 Very Important
Securing insurance coverage 4.35 Somewhat Important
Planning and implementing savings/investment programs. 4.61 Very Important
Grand Mean: 4.49 Somewhat Important

How do you define Net Worth? Frequency Percentage (%)

It is the difference between
21 20.8
expenditures and income.
 It is the difference between liabilities
69 68.3
and assets.
It is the difference between cash
8 7.9
inflow and outflow.
It is the difference between
1 1.0
borrowing and saving.
I do not have enough understanding
2 2.0
of Net Worth.
Total 101 100.0

Which account usually pays the most interest? Frequency Percentage (%)
Certificate of deposit 32 31.7
Savings account 19 18.8
Checking account 6 5.9
Money market account 40 39.6
I do not have enough understanding of these accounts
4 4.0
and also, interests.
Total 101 100.0

Percentage
When a check bounces, who is usually charged a fee? Frequency
(%)
The check writer only 55 54.5
The person to whom the check is written only 10 9.9
Neither the check writer nor the person to whom the check
10 9.9
is written
Both the check writer and the person to whom the check is
8 7.9
written
I do not have enough understanding of check accounts. 18 17.8
Total 101 100.0

Which is more valuable to you? Frequency Percentage (%)

A Php 5,000 tax credit 51 50.5
A Php 5,000 tax deduction 10 9.9
They are the same to me. 4 4.0
It depends on the tax bracket. 30 29.7
I do not have enough understanding of taxes. 6 5.9
Total 101 100.0

3. Is there a significant relationship between financial literacy and cash flow management of
students? 

Spearman Rank Correlation

 Financial Attitude
Financial Literacy Correlation
Description P - value Decision Remarks
Coefficient
Direct and
Knowledge of Financial
0.469 Moderate < 0.000 Reject Ho Significant
Concepts
Correlation 
Ability to Communicate Direct and
about Financial 0.400 Moderate < 0.000 Reject Ho Significant
Concepts Correlation  
Direct and
Aptitude in Managing
0.402 Moderate < 0.000 Reject Ho Significant
Personal Finances
Correlation  
Skill in Making Direct and
Appropriate Financial 0.413 Moderate < 0.000 Reject Ho Significant
Decisions Correlation  
Confidence in Planning Direct and
Effectively for Future 0.303 Moderate 0.002 Reject Ho Significant
Needs Correlation  
Note: If p value is less than or equal to the level of significance which is 0.05 reject the null hypothesis otherwise
failed to reject Ho. Correlation coefficient values: ±0.76 – ±0.99 Very Strong; ±0.51 – ±0.75 Strong; ±0.26 – ±0.50
Moderate; ±0.11 – ±0.25 Weak; ±0.01 – ±0.10 Very Weak

Mean
Financial Literacy Sex U - value P - value Decision Remarks
Rank
Knowledge of Financial Male 50.50 Failed to Not
-0.108 0.914
Concepts Female 51.17 Reject Ho Significant
Ability to Communicate Male 57.54 Failed to Not
-1.397 0.162
about Financial Concepts Female 48.73 Reject Ho Significant
Aptitude in Managing Male 50.58 Failed to Not
-0.093 0.926
Personal Finances Female 51.15 Reject Ho Significant
Skill in Making Appropriate Male 58.25 Failed to Not
-1.591 0.111
Financial Decisions Female 48.49 Reject Ho Significant
Confidence in Planning Male 51.85
Failed to Not
Effectively for Future -0.191 0.849
Female 50.71 Reject Ho Significant
Needs
Note: If p value is less than or equal to the level of significance which is 0.05 reject the null hypothesis otherwise
failed to reject Ho.

Financial Monthly allowance or Mean H- P-

Decision Remarks
Literacy income Rank value value
Knowledge of PHP 5,000 and below 48.15 Failed to Not
3.839 0.573
Financial PHP 5,001 to PHP 10,000 51.62 Reject Significant
 PHP 10,001 to PHP
46.81
15,000
PHP 15,001 to PHP
50.00
20,000
Concepts Ho
PHP 20,001 to PHP
59.39
25,000
PHP 25,001 and above 69.20
PHP 5,000 and below 44.64
PHP 5,001 to PHP 10,000 54.81
PHP 10,001 to PHP
Ability to 49.46
15,000 Failed to
Communicate Not
PHP 15,001 to PHP 4.628 0.463 Reject
about Financial 58.43 Significant
20,000 Ho
Concepts
PHP 20,001 to PHP
53.22
25,000
PHP 25,001 and above 63.80
PHP 5,000 and below 44.64
PHP 5,001 to PHP 10,000 54.40
PHP 10,001 to PHP
Aptitude in 50.50
15,000 Failed to
Managing Not
PHP 15,001 to PHP 5.319 0.378 Reject
Personal 57.18 Significant
20,000 Ho
Finances
PHP 20,001 to PHP
52.22
25,000
PHP 25,001 and above 68.10
PHP 5,000 and below 47.00
PHP 5,001 to PHP 10,000 54.02
PHP 10,001 to PHP
Skill in Making 45.08
15,000 Failed to
Appropriate Not
PHP 15,001 to PHP 3.350 0.646 Reject
Financial 58.14 Significant
20,000 Ho
Decisions
PHP 20,001 to PHP
53.94
25,000
PHP 25,001 and above 59.60
PHP 5,000 and below 48.83
PHP 5,001 to PHP 10,000 51.05
PHP 10,001 to PHP
Confidence in 43.23
15,000 Failed to
Planning Not
PHP 15,001 to PHP 5.460 0.362 Reject
Effectively for 55.82 Significant
20,000 Ho
Future Needs
PHP 20,001 to PHP
51.67
25,000
PHP 25,001 and above 73.20
Note: If p value is less than or equal to the level of significance which is 0.05 reject the null hypothesis otherwise
failed to reject Ho.