March 14, 2022

Ma’am/ Sir,

Greetings!

We, third year college students of Christ the King College is currently working on our research entitled
“STUDENT’S LEVEL OF FINANCIAL LITERACY AND ITS EFFECTS TO SAVINGS BEHAVIOR”. A test
questionnaire as instrument will be used in the said research. In view with this, the researcher
would like your expertise to validate the attached self-made and adapted questionnaires to
qualify for conduction. Knowing your experience in the field of research and education, I would
like to ask for your help in validating the said instrument before administering it to the
participants of this study.

I have attached here the questionnaire and statement of the problem of the study. I will be glad
to hear your suggestions and comments for the improvement of the instrument.

I am looking forward that my request would merit your positive response. Your response is
highly appreciated.

Thank you and God bless.

Very truly yours,

Babano, Alaiza Mei

Balateria, Jeanrose
Namoc, Narezza
Researchers
 STUDENT’S LEVEL OF FINANCIAL LITERACY AND ITS EFFECTS TO SAVINGS BEHAVIOR

Dear Respondents,

Greetings!

We, Alaiza Mie Babano, Jeanrose Balateria and Narezza Namoc are currently conducting a research

entitled “STUDENTS’S LEVEL OF FINANCIAL LITERACY AND ITS EFFECTS TOWARDS SAVING BEHAVIOR” as

a requirement for the Research 1.

In line with this, we would like to ask your help to provide the necessary data for our study. Rest assured

that the results of this test will be dealt with utmost confidentiality. We will appreciate whatever

assistance and support you will extend regarding this matter.

Thank you very much and God bless.

Very truly yours,

The Researchers
Statement of the Problem

This study aims to know the factors influencing financial literacy in their financial behavior of

college student in Christ the King College. Specifically it seeks to answer the following question:

1. What is the correlation of students demographic profile towards the dependent variable

in terms of:

1.1. Average allowance

1.2. Age

1.3. Gender

1.4. Course

2. What is the student’s level of financial literacy?

3. What is the student’s level of savings behavior?

Questionnaire:

Direction: Please read the statements carefully and answer all of them as truthfully and objectively as

possible. Rest assured that your responses will be treated with utmost confidentiality.

Thank you.

Part 1: Respondents Profile

Complete Name:
Age:___18-20 years old ___21-23 years old ____24-26 years old ___27 years old and above

Course: ___BSA ____BSBA ____BSN ____BSIT ___BSSW ____BSCRIME ___BSHM ___TEP

Year Level: _I __II __III __IV

Gender: __Female __Male

Average Allowance per week

__ PHP 0 - 200

__ PHP 201 - 400

__ PHP 401 - 600

__ PHP 601 - 800

__ PHP 801 - 1,000

__ ABOVE PHP 1,000

Part II

Direction: please choose that corresponds to your answer.

Use the following scale

4- strongly agree 3- agree

2-disagree 1- strongly disagree

A. Financial Literacy

1. Personal Financial Planning has the main goal of:

A. Savings and investing for my future needs

B. Reducing tax liability

C. Achieving personal financial security and freedom

D. Spending to achieve financial wants.

2. with an inflation rate of 9 percent, prices would double in about how many years?

A. 4

B. 6

C. 8

D. 10

3. The stages that an individual goes through based on age, financial needs, and family situation is
called the:

A. Financial planning process

B. Budgeting procedure

C. Personal economic cycle

D. Adult life cycle

4. Some savings and investment choices have the potential for higher earnings. However, these may
also be difficult to convert to cash when you need the funds. This problem refers to:

A. Inflation risk

B. Income risk

C. Personal risk

D. Liquidity risk

5. Setting money aside for a college fund is what type of a goal?

A. Intermediate

B. Long-term

C. Short-term

D. Intangible

6. Which of the following goals would be the easiest to implement and measure its accomplishment?

A. "Reduce our debt payments".

B. "Save funds for an annual vacation".

C. "Save Php100 a month to create a Php4,000 emergency fund".

D. "Invest Php2,000 a year for retirement".

7. Opportunity cost refers to:

A. Money needed for major consumer purchases.

B. The trade-off of a decision.

C. The amount paid for taxes when a purchase is made.

D. Current interest rates.

8. The time value of money refers to:

A. Personal opportunity costs such as time lost on an activity.

B. Financial decisions that require borrowing funds from a financial institution.

C. Changes in interest rates due to changes in the supply and demand for money in our economy.

D. Increase in an amount of money as a result of interest.

9. If a person deposited Php500 a month for 6 years earning 8 percent , this would involve what type
of computation?

A. Simple Interest

B. Future value of a single amount

C. Future value of a series of deposits

D. Present value of a single amount

10. The amount of interest is determined by multiplying the amount in savings by the:

A. Annual interest rate

B. Time period

C. Number of months in a year

D. Annual interest rate and the time period

B. Financial Knowledge

1. I have better understanding of how I spend my money.

1 - Strongly Disagree

2 - Disagree

3 - Agree

4 - Strongly Agree

2. I am capable of making my weekly budget.

1 - Strongly disagree

2 - Disagree

3 - Agree

4 - Strongly agree

3. I can manage my money easily.

1 - Strongly Disagree

2 - Disagree

3 - Agree

4 - Strongly Agree

4. I have better understanding of how i save my money.

1 - Strongly Disagree

2 - Disagree

3 - Agree

4 - Strongly Agree
5. I have better understanding of financial instruments like bonds, time value of money, future
contract etc.

1 - Strongly Disagree

2 - Disagree

3 - Agree

4 - Strongly Agree

C. Saving Behaviour /Financial Management Practice

1. I often compare prices before I make purchase.

1 - Strongly disagree

2 - Disagree

3 - Agree

4 - Strongly agree

2. I save to achieve certain goals.

1 - Strongly Disagree

2 - Disagree

3 - Agree

4 - Strongly Agree

3. I always have money available is case of emergency.

1 - Strongly Disagree

2 - Disagree

3 - Agree

4 - Strongly Agree
4. I put money aside on a regular basis for the future.

1 - Strongly disagree

2 - Disagree

3 - Agree

4 - Strongly agree

5. In order to save , I have or I follow a careful money budget.

1 - Strongly disagree

2 - Disagree

3 - Agree

4 - Strongly agree

6. I have savings or banks account for my money.

1 - Strongly disagree

2 - Disagree

3 - Agree

4 - Strongly agree

7. I participate or watch videos about financial management.

1 - Strongly Disagree

2 - Disagree

3 - Agree

4 - Strongly Agree
8. I have list of priorities in buying my needs.

1 - Strongly Disagree

2 - Disagree

3 - Agree

4 - Strongly Agree

9. I check my Finances every day.

1 - Strongly Disagree

2 - Disagree

3 - Agree

4 - Strongly Agree

10. I make plan out of my money.

1 - Strongly Disagree

2 - Disagree

3 - Agree

4 - Strongly Agree