LEVELS OF FINANCIAL STRESS

AMONG GRADE 12 – ABM TURNER OF MUNTINLUPA

NATIONAL HIGH SCHOOL-MAIN

A Research
presented to the Faculty of Senior High School Department
MUNTINLUPA NATIONAL HIGH SCHOOL
NBP Reservation, Poblacion, Muntinlupa City, Metro Manila
In partial fulfillment of the requirements in
Research in Daily Life 2

Elizaga, Axel John E

Ebrada, Rolando
Gomez, Dorraine Andrea
Lopez. Denmark Paul B.
Roa, Adrian lominoque Jr
Salem, Jay pee G.
Sanpedro, Arwin Joshua S.
Suratos, Mario G.
Tacorda, Jan Henrich
Yodico, CJ D.

GAS1211

Santos, Kashmira B.
Research Adviser

January 2023
ABSTRACT

The objective of this study is to assess the levels of financial stress of the Senior High

School Students of Muntinlupa National High School-Main, particularly the Grade 12

ABM - Turner students. To achieve this, the research aims to examine the students'

personal financial management, savings and expenses that influence their financial

stress.

I. INTRODUCTION

Background of the Study

Efficient managing of personal finance is very significant as this help everyone,

including students, to reduce stress and problems in life. Through managing personal
finance, students can anticipate future activities and projects are well managed or

budgeted with accurate finances. In spite of knowledge about proper financial

literacy, some students still face various stress that are impacts of inefficient

managing of personal finance. Hence, students are encouraged to practice and

understand the significance of efficient managing of personal finance in order to

alleviate the stress impact of negative management of personal finance. According to

Huston (2010), financial literacy is made up of two elements: understanding and use.

Understanding financial literacy implies that a person is knowledgeable about

personal finance, and applies such knowledge in dealing with one's finances.

Applying this, a person or a student may be able to efficiently manage his/her

personal finance. On this note, financial management on a personal level for students

is a big step towards financial freedom and discipline now and in the future. It must

be noted that there is no perfect financial decision but one learns along the way

(Randolph, 2013).

However, various stress caused by inefficient managing of personal finance by

some students are still present which directly affects the performance of students in

their studies. Subsequently, practicing of efficient managing of personal finance plays

vital role for students to have low level or encounter minimized stress. As according

to Pariat, et al (n.d.), stress is also highly correlated with social and financial stress.
 Ensuring the health and welfare of every students are significant especially in this

time of COVID-19 pandemic. Students should also be mindful in managing personal

finances as this practice would benefit a positive and healthy lifestyle which is

important in ensuring both health and welfare. Thus, the researchers plan to enlighten

the students on the impact of managing personal finance in the level of stress that may

be encountered.With these reasons, the researchers aim to promote the significance of

efficient managing of personal finance to the Grade 12 ABM students, particularly the

Grade 12 ABM - Turner, and to assess the level of stress encountered. Through this

promotion, students can highly determine the significance of efficient managing of

personal finance in order to reduce possible stress impact.

Statement of the Problem

The purpose of this study is to provide evidence of the impact of efficient personal

financial management to the levels of financial stress among Senior High School

Students of Muntinlupa National High School-Main. It sought to answer the following

specific research questions:

I. What are the factors that most influence students’ financial stress?

II. What are the levels of financial stress of the Senior High School students?

III. Is there a significant difference in the levels of financial stress of the male and

female students?

Scope and Delimitation

This section presents the parameter of the study. It will discuss here the areas

included in the study and the limit of the current research.

This study will focus on understanding the levels of financial stress experienced

by Senior High School Students of Muntinlupa National High School-Main.

Particularly, the researchers will consider several factors that influence the levels of

financial stress experienced by the respondents such as, their allowances, expenses

and savings for a particular period. Also, the researchers aspire to determine the levels

of financial stress of the students according to their knowledge about financial

management.
 The Muntinlupa National High School-Main will be the venue of the study

specifically in the Senior High School Department. The Grade 12 ABM – Turner (S.

Y. 2022-2023) students will be the respondents of the current study. The researchers

will utilize a researcher-made questionnaires to gather important information.

On the other hand, other factors that affect the levels of financial stress of the

participants will be excluded from the study.

Significance of the Study

This section includes the significance of this research to the following sectors

that are relatively involved throughout the process of the making of this study.

Department of Education (DepEd). The proposed study can be a significant guide for

DepEd to educate the Filipino students on proper financial literacy in order to reduce

and mitigate the levels of financial stress.Teachers. Will serve as an instrument for the

teachers to determine what they could do to help the students in reducing the levels of

financial stress they experienced.Students. Serves as a guidance for the students to

learn efficient management of their finances to prevent occurrence of financial stress.

Future Researchers. A motivation for future researchers to conduct a study that

centers on personal financial management of individuals.

Literature Review

This part of the study shows the different literatures and studies that support the

research.

According to Look (2021), financial stress affects everyone as even your smallest

stressors can grow until they start having a serious impact on your life. Financial

stress presents itself at different levels in each of our lives. Some of us barely notice it

while others have experienced a higher level of this kind of stress. Moreover, Hayhoe

et al. (2000) explored the relationship between financial stress and financial

management. They found financial stress was negatively related with good financial

practices and positively related with bad financial practices. Students who were

experiencing higher level of financial stress were less likely to save regularly

According to GreenPath Financial Wellness (2021), there are three main factors that

influences your financial practice, namely family, multimedia, and culture. In terms of

family, its relationship with finances is tied to your experiences in your home and the

financial literacy that people go through over the generations. In addition, the media

plays an important role in emphasizing having the latest and greatest aspirations. As a

result, many individuals tend to “keep on the bandwagon” and increase spending,

which has a big impact on one’s financial situation. Also, attitudes and perceptions

about how you handle your finances are influenced by the larger culture. According to

Scott (2021), financial stress is an emotional tension that is particularly related to

money. Financial stress can be caused by not making enough money to meet your

needs. However, if financial stress disrupts your daily life, it can become a problem.

For example, you may find yourself unable to focus or enjoy other parts of your life

because money-related stress is worrying you so much. If your financial stress is high-

level, your mental health may even have a negative impact on your physical health.

This can lead to anxiety, depression, behavioral changes, such as withdrawing from

social activities, or physical symptoms, such as stomach pain or headaches. According

to Batten (n.d.), personal financial management simply means gaining an

understanding of your financial situation in order to make the most of your finances in

your day-to-day life and planning for the future. One thing to keep in mind is that

assets might equate to more or less depending on where you live based on the cost of

living concept. To put it simply, this just means that you should watch what you

spend and save what you are able to. According to Consortium for Health and

Military Performance (2020), spending and saving wisely can help you cope with

stress and feel more in control. Good saving habits, in particular, can help reduce

financial unpredictability and help reduce stress. People who reported high debt

compared to assets were also likely to experience higher level of stress. On the other

hand, saving money is associated with better mental health and well-being. The key to

saving money is relatively easy: spend less. However, many people have a hard time

cutting back on spending. So it is important to stick to a budget that can help keep you
on track. Saving money takes effort, but it is worth it for your financial future. Gender

is one of the most important factor that influences the levels of financial stress. The

differences are based mainly on sociological and biological factors. According to N26

Bank (2021), regardless of our gender, almost all of us have one worry in common—

our finances. Also, men and women experience stress differently and, consequently,

respond to it in different ways. We learned that men and women have different

responses to stress and are affected differently by financial worries depending on their

financial situation.

Synthesis

Financial stress presents itself at different levels in each of our lives. Some of us

barely notice it while others have experienced a higher level of this kind of stress.

Hayhoe et al. (2000) explored the relationship between financial stress and financial

management. According to Batten (n.d), personal financial management simply

means gaining an understanding of your financial situation. Gender is one of the most

important factor that influences the levels of financial stress.

Men and women have different responses to stress and are affected differently by

financial worries depending on their financial situation. People who reported high
debt compared to assets were also likely to experience higher level of stress. Saving

money is associated with better mental health and well-being.

Conceptual Framework

This section presents the general summary of the research by introducing the

significant input, process, and output data of the research.

This research, concerning the students’ personal financial management and

levels of financial stress, discusses the relationship of the stated variables or inputs in

order to know the levels of financial stress experienced by the respondents regarding

their knowledge in financial management. Subsequently, the process involved in

doing this research is composed of having a survey tool such as a survey

questionnaire to efficiently collect or gather accurate data from the respondents,

specifically the Grade 12 ABM – Turner of MNHS-MAIN during the school year

2022-2023. In doing so, the researchers will be able to provide significant research

findings regarding to the identified problem that pertains to the levels of financial
stress experienced by the respondents. Additionally, the research study’s expected

output is a contribution of vital recommendation that may further help future

researchers to conduct research in relation to levels of financial stress and financial

management of students.

Research Hypothesis

Ho There is no significant difference in the levels of financial stress of the male

students to the female students of Grade 12 ABM - Turner of Muntinlupa National

High School-Main.

H1 There is a significant difference in the levels of financial stress of the male

students to the female students of Grade 12 ABM – Turner of Muntinlupa National

High School-Main.

Definition of Terms
Levels of Financial Stress - It is the dependent variable of the study which will be

measured to identify its relationship to the personal financial management of the

students.

Personal Financial Management - It is the independent variable of the study which

will be measured to identify its relationship to the levels of financial stress of the

students.

Savings - The data that will help in assessing the levels of financial stress of the

student respondents of the study.

II. METHODS

Design

The research design of this study uses an explanatory method as the researchers

aim to explore the relationship among certain demographic factors such as age,

gender, and financial literacy to the levels of financial stress experienced. In addition,

the research strategy utilized on this study is through the use of survey questionnaire
that enables an efficient and easy way in gathering the needed information of the

selected sample of the study. Through the use of survey questionnaire, this allows the

researchers to collect and analyze the data quantitatively using descriptive and simple

statistics for a more effective and efficient procedure.

Population and Sample

The locale of this study is at Muntinlupa National High School-Main particularly

the Senior High School Department. The participants of the study were the students of

Senior High School 12 ABM – Turner. The sample of this study are 30 students. The

researchers selected the sample since it is what manageable to them.

The Instrument

For this research study, a survey questionnaire is conducted to collect the needed

data from the chosen Senior High School student participants. The survey

questionnaire for this study has two types of test. In the first part, the respondents are

instructed to check all the possible factors that can affect or influence the levels of

their financial stress. In the second part, given indicators about their financial

situations are presented in a likert scale that will be answered by the respondents. The

gathered data will be analyzed statistically through the following elements:

Data Collection Procedure

To conduct the study, the researchers have been allowed by Ms.Kashmira B. Santos

their Practical Research 2 Teacher, to conduct a study. After that, the researchers also

asked for the permission and privacy consent of the respondents to participate in the
research study. The researchers contacted their respondents through messenger

application. Subsequently, the researchers conducted a survey with 30 students in

Muntinlupa National High School-Main Senior High School 12 ABM – Turner.

For this research study, a survey questionnaire is conducted to collect the needed

data from the chosen Senior High School student participants. The survey

questionnaire for this study has two types of test. In the first part, the respondents

are instructed to check all the possible factors that can affect or influence the levels of

their financial stress. In the second part, given indicators about their financial

situations are presented in a likert scale that will be answered by the respondents. The

gathered data will be analyzed statistically through the following elements: