Dr. Maria D. Pastrana National High School

Correlational Study Between….
DR. MARIA D. PASTRANA NATIONAL HIGH SCHOOL

CORRELATIONAL STUDY BETWEEN FINANCIAL MANAGEMENT
AND PURCHASING HABITS OF THE SELECTED SENIOR HIGH
SCHOOL STUDENTS IN DR. MARIA D. PASTRANA
NATIONAL HIGH SCHOOL
A Senior High School Thesis

Presented to the Faculty of Senior High School Department
Dr. Maria D. Pastrana National High School
Mauban, Quezon
In Partial Fulfillment of the Requirements for

Inquiries, Investigations, and Immersion
By:
ANGEL ANN P. ADARLO

AIMIE M. BOGATE
PRINCESS VALERIE M. CALVARIO
ASHLEY S. PEREZ
2023
1

APPROVAL SHEET
This study hereto entitled:
CORRELATIONAL STUDY BETWEEN FINANCIAL MANAGEMENT

AND PURCHASING MANAGEMENT OF THE SELECTED
SENIOR HIGH SCHOOL STUDENTS OF DR. MARIA D.
PASTRANA NATIONAL HIGH SCHOOL
prepared and submitted by Angel Ann P. Adarlo, Aimie M. Bogate,

Princess M. Calvario, and Ashley S. Perez in partial fulfillment of the
Requirements for Inquiries, Investigations and Immersion under General
Academic Strand of the Senior High School Program has been examined
and is recommended for acceptance and approval for Oral Examination.
EDUARDO M. TALAMAN, MAEd

Research Adviser
Approved by the Committee on Oral Examination with a grade of

_________on May 17, 2023.
___________________
Chairman
_________________ ____________________ _________________

Member Member Member
Accepted in partial fulfillment of the Requirements for Inquiries,

Investigations, and Immersion under General Academic Strand of the
Senior High School Program.
___________________________
Maria L. Fajardo
SHS Coordinator
Senior High School Department
______________________
MARIO A. GUEVARRA
Principal II
2

ACKNOWLEDGMENT
The researcher would like to extend his sincerest gratitude to the
following for their priceless support in making this study a reality;
First and foremost, to Almighty God, for giving the researcher
enough strength in leading his in this path and keeping her safe all the
time thus, making this endeavor a reality;
Mr. Mario A. Guevarra, Principal II of Dr. Maria D. Pastrana
National High School, for his cherished amenity in improving the quality
of education and school facilities of the campus and in giving his valuable
time to be with the researcher during the final defense and for his
intelligent recommendations for the enhancement of this manuscript;
Mrs. Maria L. Fajardo, Senior High School Coordinator who
continuously enlivening the researcher to provide good and quality output
in this study and kindness in checking our research paper;
Mr. Eduardo M. Talaman, District Technical Assistance
Committee and researcher’s adviser, who patiently shared his expertise
and knowledge in improving this study and in endlessly guiding and
inspiring the researchers in pursuing this study;
Mr. Aljon E. Camacho, his statistician, for sharing his expertise in
the statistical analysis of the data, and for assisting the researcher in the
interpretation of the data;
Mrs. May A. Salvania, her subject specialist, for her ingenious
concepts shared upon the conduct of this study
3

Mr. Billiandro Villamena, his language and grammar, for his
ingenious concepts shared upon the conduct of this study;
Classmates and friends, for the true friendship and words of
encouragement to finish this study.
Angel Ann P. Adarlo
Aimie M. Bogate
Princess Valerie M. Calvario
Ashley S. Perez
4

DEDICATION
This research study is wholeheartedly dedicated to:
My beloved Mother,
Mrs. Lily A. Paycana
For unwavering support and encouragement throughout my academic
journey. Your sacrifices and guidance have shaped me into the person I
am today, and I am forever grateful for your unwavering love and
encouragement. May this research be a testament to the values of hard
work and dedication that you have instilled in me.
Almighty God
For giving me wisdom, strength, and inspiration that have sustained me
throughout this academic journey. Your guidance and grace have been a
constant source of comfort and motivation, and I am humbled and honored
to have been blessed with the opportunity to pursue knowledge and make
a positive impact in the world.
A.P.A
5

DEDICATION
My beloved Mother,
Mrs. Ammie M. Bogate
to my parents who never give up on giving me the strength to do these
things. To my parents who never tire of loving me, never tire of supporting
my needs, especially financially to complete this research.
Almighty God
For guidance, strength, mental power, protection, and abilities, as well as
for providing us with a healthy lifestyle.
My co-members,
Angel, Ashley, Valerie
for their hard work to finish this research, I would like to thank them for
their help to finish this research. Especially to Angel who embraced me
when I had no group to go to. She accepted me completely and never tired
of teaching and guiding us in things we did not understand.
My Bestfriend,
Rica A. Dela Cruz
for your words of wisdom and moral support.For giving me advice, and
reminding me that I can do it, for tirelessly giving me ideas on how to start
and finish the tasks that I have set out to do.
A.M.B
6
7

DEDICATION
My beloved Mother,
Mrs. Maricel Perez
To my dearest mother, you deserve all the worth, thank you for being my
guidance throughout the year especially when it comes to my academic
performances. And I know, being a mother of six is not an easy job to
handle, so I appreciated all of your support in my life. And may this
research output be worth it as much as the worth of us.
Almighty God
For guiding me to the right path of my life. To choose the right choice and
be what I want to be in the future.
My co-members,
Angel, Aimie, Valerie
For all your cooperation for this research, especially Angel and Aimie for
their act of kindness, support, and hard work. They inspire me to finish and
give all my support for this output. And I hope it’ll be worth it, and I know it
will.
A.S.P.
8
ABSTRACT
PURPOSE. This study focused on determining the correlation between
financial management and purchasing habits of the selected senior high
school students of Dr. Maria D. Pastrana National High School.
DESIGN/METHOD/APPROACH. This study has utilized a non-
experimental descriptive correlational research design. Application, as
assessed by the teachers, was analyzed using Pearson Product-Moment
Correlation (Pearson r) to know if there is a significant correlation between
the domains of financial management and purchasing habits of the
selected senior high school students.
FINDINGS. The correlation of financial management and purchasing
habits of the respondents in terms of food, clothes, and personal care
products is generally positive. Furthermore, there is a significant
correlation between financial management and purchasing habits of the
selected senior high school students of Dr. Maria D. Pastrana National
High School.
RESEARCH LIMITATIONS/IMPLICATIONS. The majority respondents is
140 from the selected senior high school students of Dr. Maria D. Pastrana
National High School.
ORIGINALITY/VALUE. The students are encouraged to improve their
financial management skills in terms of their purchasing habits.
Keywords: financial management, purchasing habits, correlation
9
CONTENTS
Page
TITLE PAGE …………………………………………………………………. i
APPROVAL SHEET…………………………………………………………. ii
ACKNOWLEDGMENT………………………………………………………. iii
DEDICATION………………………………………………………………... iv
ABSTRACT…………………………………………………………………... ix
TABLE OF CONTENTS…………………………………………………….. x
LIST OF TABLES……………………………………………………………. xii
LIST OF FIGURES………………………………………………………….. xiii
CHAPTER
1 THE PROBLEM AND ITS BACKGROUND
Introduction .............................................................................. 14
Conceptual Framework ............................................................ 15
Statement of the Problem ......................................................... 16
Assumption of the Study......................................................... 17
Scope and Limitation of the Study............................................. 17
Definition of Terms....................................................................... 17
2 REVIEW OF RELATED LITERATURE AND STUDIES

Related Literature........................................................................ 19
Related Studies .......................................................................... 21
3 RESEARCH METHODOLOGY
Research Design ......................................................................... 24
Research Locale………................................................................ 24
Respondents of the Study ........................................................... 25
Sampling Techniques .................................................................. 25
10

Research Procedure.................................................................... 25
Research Instrument................................................................... 26
Statistical Treatment of Data ........................................................ 27
4 PRESENTATION, ANALYSIS AND INTERPRETATION OF DATA
Results and Discussion ............................................................... 31
5 SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION

Summary of Findings.................................................................. 40
Conclusion ................................................................................. 41
Recommendations...................................................................... 43
BIBLIOGRAPHY ................................................................................... 44
APPENDIX ........................................................................................... 45
Questionnaire............................................................................. 46
CURRICULUM VITAE.......................................................................... 61
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CHAPTER 1
THE PROBLEM AND ITS BACKGROUND
Introduction
The study entitled the correlational study between financial

management and purchasing habits of the selected senior high school
students of Dr. Maria D. Pastrana National High School. Purchasing habits
are one of the most desirable ways of dealing with factors that will lead to
financial management. Therefore, financial management depends on the
ability of an individual to manage and take control of their finances or
liabilities to improve their financial decision-making and financial status.
Young people today have a greater obsession with purchasing

dispensable items and have developed an addiction to them. Financial
management practices the youths to balance the increasing range of
unnecessary spending. It also balances the purchasing behavior of a
student and creates budget management and financial control. With this,
the student of Dr. Maria D. Pastrana National High School will develop the
essential skills and knowledge when it comes to budgeting, purchasing,
and appropriate costing. Now that the world is more advanced because of
technology including the online shops that are now very popular.
Some students spend a lot and purchase unessential things just

because it is popular or trending, but they do not have enough budget to
spend because they are still studying. They must be financially literate to
know the value of the management on spending money on needless
items. This study focuses on being practical and prioritizing the basic
needs of every day. It provides management learning to the student that
helps them understand their experiences.
12
Background of the Study
According to Tungsriwong, Pathak, and Temsawat (2016), a

budget is one of financial planning which is aimed at planning by setting
goals and an controlling the plan so that the set target can be achieved. By
comparing actual data with allocated or prepared plans, budget planning
can reveal potential problems and helps control the financial planning to
achieve the goals already set up. Tungsriwong, Pantuak, and Temsawat
(2016) also added that a budget system can also use as a tool for efficient
financial management and for planning in the other aspects of life.
Financial knowledge is one of the aspects that need to be concern

by an individual to manage their finance. Financial is very effective in the
area of budgeting in the process of financial knowledge that also affects
the financial decisions of a person. According to Mouna and Jarboui
(2015), a lack of financial knowledge and skills can result in poor financial
behavior in gathering and digesting all important financial information and
thus, leads to inappropriate financial decisions and achieve less efficient
wealth allocation accordingly.
Insufficient financial knowledge also may affect people’s health

physically, economically, and psychologically because of the difficulties in
their finances (Jorgensen and Savla, 2013). Therefore, many researchers
suggest that the implementation of financial education is one of the best
remedies for proper and effective decisions with all financial resources
available. Financial education could prove to have a powerful effect on the
employees’ behavior through a variation of training and programs which is
provided by their employers (Bayer et al., 2014).
13
Conceptual Framework
INPUT
I. The demographic profile of senior high school
students in terms of:
 Age;
 Sex;
 Grade Level; and
 Weekly Allowance
II. The purchasing habits of the selected senior high
school students in terms of:
 Food;
 Clothes; and
 Personal Care Products
III. The financial management practices of the
selected senior high school students of Dr. Maria D.
Pastrana National High School?
IV. Significant correlation between financial
management practices and purchasing habits of the
selected senior high school students of Dr. Maria D.
Pastrana National High School.
PROCESS
I. Use a survey questionnaire.

II. Use a sample random sampling technique.
III. Collecting and analysis of data.
OUTPUT
Personal financial development plan. (BROCHURE)
Figure 1. Research Paradigm
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Figure 1. Shows the conceptual framework, which includes the
Input-Process-Output Model. The input states the problem of why this
research is going to be conducted by the researchers. This paper is mainly
rooted and dependent on the correlational study between financial
management and purchasing habits of the chosen senior high school
student of Dr. Maria D. Pastrana National High School.
On the other hand, the process states the different ways of the
researchers in gathering the data, which includes analyzing the data and
providing self-assessment checklist questionnaires that have relation to
the study exclusively for the chosen senior high school students of Dr.
Maria D. Pastrana National High School.
Lastly, the output shows the overall outcome of this research, which
is a brochure that contains a personal financial development plan.
Statement of the Problem
The main objective is to determine the correlational study between

financial management and purchasing habits of senior high school
students at Dr. Maria D. Pastrana National High School. The researcher
seeks to answer the following questions:
1.) What is the demographic profile of senior high school students in terms
of:
1.1 Age;
1.2 Sex;
1.3 Grade Level; and
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1.4 Weekly Allowance
2.) What are the purchasing habits of the selected senior high school
students in terms of:
2.1 Food;
2.2 Clothes; and
2.3 Personal Care Products (e.g. skin care products, perfume, etc.)
3.) What are the financial management practices of the selected senior
high school students of Dr. Maria D. Pastrana National High School?
4.) Is there a significant correlation between financial management

practices and purchasing habits of the selected senior high school
students of Dr. Maria D. Pastrana National High School?
Hypothesis
The following null hypothesis was tested in this study:
Ho: There is no significant correlation between financial management and
purchasing habits of the selected senior high school students.
Significance of the Study

This study determines to Correlational Study Between Financial
Management and Purchasing Habits of Senior High School Students of Dr.
Maria D. Pastrana Nation High School. It undoubtedly benefits the
following:
The present study was significant to the students, parents and
future researchers.
To the students. It will benefit every student to be aware of how to
16

manage their allowance. You have the right to give yourself that if you
were just a student, you can manage your financial needs and balance
your purchasing habits to help your family save money.
To the parents. The information that we will be gathering can serve

as a guide for parents regarding the proper financial management of our
selected respondents. For them to be more knowledgeable about this
problem.
To future researchers. The information that will be gathered and

evaluate in this study will serve as a framework. It can also be used as a
reference for future research that will serve as a new frame of knowledge
and further develop the areas that are not discussed in the study.
Scope and Limitation

The study will cover only the correlational study between financial
management and purchasing habits of senior high school students of Dr.
Maria D. Pastrana National High School. It deals with having a good study
about managing and how they can survive.
The study was limited to the response of some students and data
being gathered by using quantitative research in terms of surveys and
questionnaires.
17

Definition of Terms
For a better and clearer understanding of the study, the following
terms are defined operationally:
Age. Is a period of human life, measured by years from birth.
Allowance. The amount that is something permitted.
Correlational Study. It investigates relationships between financial

management and purchasing habits.
Financial Management. A practice to manage the allowances or

any other related to financial.
Food. The substance we eat every day for energy and strength
Grade Level. The level of the educational program studied by a

student.
Habits. A settled or regular tendency or practice, especially one

that is hard to give up.
Personal Care Products. Generally, belong to hygienic practices.
Purchasing. It is the buying of goods or services.
Sex. It refers to a set of biological attributes in humans.
Student. A person who is studying at a school.
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CHAPTER 2
REVIEW OF RELATED LITERATURE AND STUDIES
This chapter provides an overview of related studies and literature

that support the research that will be conducted. With this, the researchers
aim to gather related information that would further expand the knowledge
of those who will benefit from this.
Related Literature
According Kwahk & Kim (2016), traditional brick and mortar stores
continue to play an important role in purchasing decisions of buyers today.
However, the many benefits of online shopping have created a significant
shift in the way people shop. Not only people can browse their favorite
stores on the internet, but now they can find and follow a vast number of
stores on social media. Due to this shift, users are exposed to more
products than ever before. This creates more opportunities for purchases
to be made, whether the buyer initially intends to make a purchase or not.
One of the main features of social media is that individual users can share
their knowledge and opinions with those who have similar interests and
needs.
It was also pointed out that the young generation rarely practiced
basic financial skills, such as budgeting, developing a regular savings plan
or planning for long term requirements, based on (Birari and Patil, 2014).
Also, in the literature, there are many studies investigating the relationship
between personal financial management behavior and personal
characteristics such as financial knowledge, Ibrahim & Alqaydi (2013).
According to Gangai and Agrawal (2016), the recent years have

witnessed sweeping changes and rapid development in Chinese society.
With a better life quality, more and more Chinese senior high school
students are gaining stronger purchasing power and thus spending more
19

time and money on purchasing. Therefore, the research topic of impulsive
buying behavior has been receiving much attention in recent years. Also,
when compared to the normal buying process and impulsive buying is a
kind of activity that takes less time to decide, therefore, it is always
unexpected and unanticipated. Some pervious literature has already
explored the possible effects of lack of self-control exerts on the impulsive
buying. The research shows that there is a significant correlation between
personality traits and consumer impulsive buying. Risk-taking has also
received some attention regarding the impulsive buying of senior high
school students. Risk-taking can occur frequently during the life period of
adolescence and early adulthood since young people tend to be more
adventurous and favor thrilling entertainment.
The importance of financial management for students, first and

foremost, students need to manage their finance wisely. Mohd Rafi (2016)
mentioned in his study that “in fact, one-third of our students are having
student loans, of which more than half are concerned that they will not
able to pay off those loans. Many of them were associated with ineffective
financial behaviors, including low saving, poor record keeping, and some
of the students also involved in credit card debt.” Due to these matters,
students should fix their financial behaviors concerning the fact that they
will have to pay back those loans once they finish their studies and start
working. To manage their financial wisely, students should realize that the
study loans are supposed to be used to finance their study fees,
equipment and materials; not to be wasted on unnecessary stuffs which
may be the main reason of why students cannot practice effective financial
behavior.
20

Related Studies
Gasiorowska (2015) investigated the effect of money attitudes on

the relationship between income and financial satisfaction. This research
has demonstrated that the subjective perception of objective wealth may
be influenced by different individual distinction variables, for example,
one's love for money, level of desires, or materialistic slants. This study
inspected an effect of attitudes towards money on the connection between
personal net income and family unit income, and its subjective
assessment, measured as financial satisfaction and subjective monetary
prosperity.
Knowledge and financial self-efficacy moderate the relationship

between money attitudes and personal financial management behavior,
this study finds the impact of money attitudes on the personal financial
management behavior and check the moderating effect of financial
knowledge and financial self-efficacy on their relationship. The sample for
this research was young adults (University students) who were also
employed. From five universities where two universities were from the
public sector and three were from private sector 500 respondents were
selected through purposive sampling. Hierarchal Regression and factor
analysis were employed to derive the results. The following are the results
which are generated from this research study. Money attitudes and
Financial Knowledge have a significant positive impact on the personal
financial management behavior of young adults, and financial knowledge
has a positive moderating impact on the relationship of money attitudes &
personal financial management behavior. It was found that 20.9%
Personal Financial Management Behavior is explained by money attitudes
at significance level of 5 %. Financial Self-efficacy has a positive impact on
the personal financial management behavior, and it has positive
moderating impact on the relationship of money attitudes & personal
financial management behavior, Qamar et al., (2016).
21

Factors affecting the spending behavior of college students, the
purpose of this study was to look at the factors affecting the spending
behavior among college students of Surigao del Sur State University in
Cantilan, the northernmost municipality in the province of Surigao del Sur,
Philippines in terms of attitude, family background, lifestyle, and financial
knowledge. Subsequently, this study was done to better understand how
these factors influenced the spending conduct of college students and
their financial behavior. It is therefore critical that young individuals begin
to learn about finance during adolescence for them to have the best
possible chance to be successful in adulthood. Having a good financial
knowledge is not enough. Success requires a set of healthy and positive
attitude and supportive parents who expect responsible financial attitude,
Bona (2018).
The influence of lifestyle, financial literacy, and social demographics

on consumptive behavior, consumptive behavior is a phenomenon that
affects people’s lives today. Current habits and lifestyles are rapidly changing
in a relatively short time towards becoming more luxurious and excessive, for
example in terms of appearance which can lead to consumptive behavior.
This consumptive behavior tends to incur higher costs because it is no longer
just for fulfilling needs but rather leads to fulfilling wants, according to
Alamanda, (2018). Consumptive behavior can occur because it is influenced
by several internal and external factors. One of the factors that influence
consumptive behavior is self-esteem. Self-esteem is the notion of self globally,
which refers to the overall self-evaluation as an individual, or how people feel
about themselves in a comprehensive sense. This statement is strengthen by
the research conducted by Pulungan and Hastina (2018), explained that
people will buy an item directly if they like it. They will try to get money to buy
items such as bags and clothes to support their appearance so that they look
more attractive and make them satisfied.
22

CHAPTER 3
RESEARCH METHODOLOGY
This section presents the locale of the study, the researcher design,
respondents of the study, research instrument, gathering procedure, and
statistical treatment of data.
Research Design
This study will use a quantitative research design, aiming to

understand the correlational study between financial management and
purchasing habits of the selected senior high school students of Dr. Maria
D. Pastrana National High School.
Correlational research design will be used in this study to measure

how the financial management correlate with the purchasing habits of the
selected senior high school students.
Research Locale
This study will be conducted in Dr. Maria D. Pastrana National High

School here in Mauban Quezon. The respondents that we will be taken is
from the selected senior high school students at Dr. Maria D. Pastrana
National High School.
The researchers will conduct this study in the said school to be able
to measure how the financial management correlate with purchasing
habits, since this is the locale where the researchers encountered the
problem.
Respondents of the Study
The respondents for this research will be the selected senior high
school students of Dr. Maria D. Pastrana National High School. The
chosen respondents will provide the necessary information because senior
high school students are more likely to have purchasing habits.
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Population and Sampling
This study's respondents are all SHS students in grades 11 to 12 of

DMDPNHS, since these are the variables specified in the survey, the
respondents will be the selected SHS students. Aside from the fact that
the study's topic is linked. Furthermore, the researchers picked students
from Grades 11 and 12 because of their estimated huge population of 800
students for Grade 11 and 700 students for Grade 12, for a total of 1,500
students, with the requisite population acquired from school personnel
following consultation. That’s why we select 140 students as our
respondents.
Simple random sampling will be used by the researchers to obtain a

population sample of SHS students because it is the most time-efficient
and cost-effective sampling approach for such a huge group. This was
also employed for practicality measures and to raise the degree of
accessibility of prospective sample group members, making the findings
more credible and unbiased.
Research Procedure
The permission of the school principal and the class advisers will
be needed to conduct the study. The researchers will explain the
procedure and purpose of the survey. The questionnaires will be
distributed to the respondents and will collect after the given able time to
answer the questionnaires. The results will compute, gather, analyze, and
interpret.
This study needs the student’s participation, to allow the

researchers to make advancements to avoid any problems that will arise.
The researchers will inform the respondents about the scope of the study
and the participation will completely voluntary.
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Research Instrument
The researchers prepared a survey questionnaire that served as a

tool for gathering data. Most of the parts in the survey questionnaire used
the likert scale with a maximum of 5 questionnaire that corresponds to the
respondent’s answer. The researchers' instrument was divided into 3
parts. First (1st) Is the demographic profile of the respondents. Then
second (2nd), was the purchasing habits of the selected senior high school
students in terms of; food, clothes, and personal care products. Third (3 rd),
the financial management practices of the selected senior high school
students of Dr. Maria D. Pastrana National High School. Lastly, the
significant correlation between financial management practices and
purchasing habits of the selected senior high school students of Dr. Maria
D. Pastrana National High School.
This study will be validated by the practical research teacher and
language teachers to make it in line in the objectives of the study.
Moreover, this study undergoes revision with the help of their teachers and
experts. Afterwards they also asked their practical research teacher to
testify and correct their language and grammar to make it better.
Statistical Treatment
The collected data are treated statistically by using standard
statistical tools. The following statistical procedure were used to interpret
the data gathered from the respondents of the study.
1. Simple Percentage. Appropriate when it is important to know how

many participants gave a particular answer.
25

F
P= (100)
N
Where:
P is for percentage
F is for frequency on number of responses
N is for the total F of respondents
2. Weighted Mean. This statistical tool was used to compute for the
weight of the responses in the questionnaire assigned by the respondents
during the actual data gathering procedure The formula for the weighted
mean is as follow:
WM = 5(f) + 4(f) + 3(f) + 2(f) + 1(f)
Where:
WM is weighted mean
f is the frequency or number of respondents
N is the total number of respondent
Weighted Range Interval Scale Code

Mean Description
5 4.21 - 5.00 Strongly Agree SA
4 3.41 - 4.20 Agree A
3 2.61 - 3.40 Uncertain U
2 1.28 - 2.60 Disagree D
26

1 1.00 - 1.80 Strongly Disagree SD
3. Pearson Correlation Coefficient (r). The researchers use Pearson

Correlation Coefficient to determine the significant relationship between
the practical spending scheme and its effects on financial management of
Accountancy, Business, and Management students in Dr. Maria D.
Pastrana National High School when grouped according to their profile.

Where:
r = correlation coefficient between x and y
xi = values of the x-variable in a sample
x = mean of the values of the x-variable
yi= values of the y-variable in a sample
y = mean of the values of the y-variable
CHAPTER 4
PRESENTATION, ANALYSIS, AND ANALYSIS OF DATA
This chapter presents the data analysis and interpretation of the
gathered data through the administration of the research instruments
utilized in the study. This also comprises a critical component of the
research study, in which all obtained data and information are presented,
27

analyzed, and interpreted based on the responses of the participants
involved. The data is from the checklist, which incorporates the
correlational study between financial management and purchasing habits
of the selected senior high school students. In terms of the demographic
profile of the respondents and food, clothes, and personal care products
(e.g. skin care product, perfume, etc.). The information gathered was
tabulated in the statistical methods used include simple percentage, an
average weighted mean, and pearson correlation coefficient (r).
Results and Discussion
Presented are the findings of the study, its analysis, and
interpretations based on the tabulated and treated data generated from
responses of the respondents. The discussion is arranged based on the
statement of the problem presented in this study and the presentation
concentrates with the highest, middle, and lowest mean ratings.
Table 1. Demographic Profile of the Respondents;
Table 1.1: Demographic Profile of the Respondents in terms of Age.
11.43 2.86% 1.43% 14.29

% %
28
32.86 37.14
% %
Table 1.1. Displays the respondents' demographic
information by age, demonstrating that out of 140 responses, 16-years
olds were 14.29%; 17-year-olds were 37.14%; 18-year-olds were 32.86%;
19-year-olds were 11.43%; 20-years-olds were 2.86%; and 21-years-olds
were 1.43%. Knowing the respondents' ages aids the researchers in
understanding their demographics and helps them identify who manages
their finances in terms of their purchasing habits.
Table 1.2: Demographic Profile of the Respondents in terms of
Sex.
45%
55% 29
Table 1.2. Displays the respondents' demographic information by
sex, demonstrating that out of 140 responses, it clearly shows that men
were just 45% and females were 55%. It means, girls mostly manage their
financial in terms of their purchasing habits.
Grade Level.
46.42%
53.57%30
Table 1.3. Displays the respondents' demographic information by
grade level, demonstrating that out of 140 responses, it clearly shows that
grade 12 were just 46.42% and grade 11 were 53.57%. It means, grade 11
mostly manage their finances in terms of their purchasing habits.

Weekly Allowance.
12.86 0.71% 2.86%

% 4.29%
1.43% 8.57%
8.57%
0.71%
2.14%
1.43% 0.71%
4.29%
1.43%
31
50%
Table 4. Displays the respondents' demographic information
by weekly allowance, demonstrating that out of 140 responses, it clearly
shows that those students who has a weekly allowance of; ₱350, ₱750,
and ₱1,200 were just 0.71%; ₱550, ₱600, and ₱800 were 1.43%; ₱700
were 2.14%; ₱1,500 were 2.86%; ₱400 were 4.29%; ₱250 and ₱300 were
8.57%; ₱1,000 were 12.86%; and ₱500 were 50%. It means that ₱500 is
mostly the weekly allowance of the selected respondents.
Table 2. The purchasing habits of the respondents.
Weighted
A. FOOD Qualitative
Arithmetic
Index
Mean
1. I consider my allowance before I buy food. 3.45 AGREE
2. I save money from my allowance for buying food. 3.46 AGREE
3. I compare prices before making a purchase of the food that
I need and want. 3.38 UNCERTAIN
4. I set my cravings aside 3.4 UNCERTAIN
32

if my allowance is short.
5. I find it more satisfying if the food I bought is from my own

allowance. 3.62 AGREE
Average WAM 3.46 AGREE
Table 2.1: The purchasing habits of the respondents in terms of
food.
legend: 4.21 – 5.00 Strongly Agree 2.61 – 3.40 Uncertain 1.00 – 1.80 Strongly Disagree
3.41 – 4.20 Agree 1.28 – 2.60 Disagree
Table 2.1. Shows the purchasing habits for food of the selected
senior high school students. The data revealed that the respondents
purchasing habits for food were indicated by the average weighted
arithmetic mean of 3.46. Those students agreed that they are
considering their allowance before buying food with a weighted
arithmetic mean of 3.45. Furthermore, the table also shows that the
students agreed that they are saving money from their allowance for
buying food with the weighted arithmetic mean of 3.46. The table also
shows that the students uncertainly compare the prices before making a
purchase for food that they need and want with a weighted arithmetic
mean of 3.38. The table also shows that the students uncertainly set their
cravings aside if their allowance is short with a weighted arithmetic
mean of 3.4. It is also shown in this table that the selected students agreed
that they found it more satisfying if the food that they bought was
from their own allowance, that’s why it has the weighted arithmetic mean
of 3.46.
33

One of the local consumers has buying habits when food is the one
that is being tackled. Especially, food buying habits can be done when
consumers deal with activities that can be done at a single time.
Chakraborty (2016) stated that food consumption is a local activity
involving distinct scales of environmental effects. However, there has been
insufficient exploration of the link between eating food as a social and
cultural practice and the worldwide consequences of food consumption.
Food consumption takes a multidisciplinary strategy to connect social
procedures at the family level with the biophysical flows of food products.
clothes.
B. CLOTHES
34

Weighted
Qualitative
Arithmetic
Index
Mean
1. I buy clothes if I can afford it. 3.46 AGREE
2. I save money from my allowance for buying clothes 3.32 UNCERTAIN
3. I compare prices before making a purchase of the clothes that I
need and want. 3.27 UNCERTAIN
4. I set a side trendy clothes that I want if my allowance can’t

afford it. 3.51 AGREE
5. I find it more satisfying if the clothes that I bought is from my

own allowance. 3.54 AGREE

3.41 – 4.20 Agree 1.28 – 2.60 Disagree
Table 2.2. Shows the purchasing habits for clothes of the selected senior
high school students. The data revealed that the respondents purchasing habits
for clothes were indicated by the average weighted arithmetic mean of 3.42.
Those students who buy clothes if they can afford it have a weighted
arithmetic mean of 3.46, it means that the selected students agreed. Also, those
students who save money from their allowance to buy clothes have a
weighted arithmetic average mean of 3.32, it means that those students are
uncertainly save money from their allowance to buy clothes. Furthermore, the
table also shows that they compare prices before making a purchase of the
clothes that they need and want were indicated by the weighted arithmetic
mean of 3.27, it means that those students are uncertainly compared prices
before making a purchase of the clothes that they need and want. The table also
shows that the students set aside trendy clothes that they want if their
allowance can’t afford has a weighted arithmetic mean of 3.51, it means that
those students are agreed for setting aside trendy clothes that they want if their
allowance can’t afford it. The table also shows that the students find it more
satisfying if the clothes that they bought are from their own allowance has a
35

weighted arithmetic mean of 3.54, this means that those students agreed for
finding more satisfying If the clothes that they bought is from my own allowance.
According to Cham, T.H., et al., (2015), clothing is an essential item in
every individual’s life as it is considered the second skin of the body. Clothes fall
into the category of physiological needs and fulfill the fundamental need of
protection for all individuals. However, clothing has taken on an additional
function in this modern world. Not only does it serve as a basic human need, but
it also symbolizes an individual. People use clothes to express and differentiate
themselves from others. Clothes have become a communication medium used to
convey who the person is. They are visual items representing a person’s identity
and personality-gender, age, race, occupation, social and financial status, fashion
tastes, color preferences, time orientation, liking, pride, attitudes, degree of
maturity, self- confidence, and self-esteem. There are other significant roles
played by clothing. Clothes have also shown themselves to be associated with
the identity of the country, religious beliefs, political events, and historical eras.
personal care products.
36
Weighted
C. PERSONAL CARE PRODUCTS Qualitative
Arithmetic
Index
Mean
1. Before I buy my personal care products, I carefully consider
3.56 AGREE
whether I can afford it
2. I save money from my allowance for buying personal care
3.5 AGREE
products (e.g., skin care products, perfumes, etc.).
3. I compare prices before making a purchase of the personal care
3.52 AGREE
products that I need and want.
4. I set my personal care products aside if I can’t afford it.
3.44 AGREE
5.. I find it more satisfying if the personal care products I bought is
3.42 AGREE
from my own allowance.
3.41 – 4.20 Agree 1.28 – 2.60 Disagree
Table 2.3. Shows the purchasing habits for personal care products of the
selected senior high school students. The data revealed that the respondents
purchasing habits for personal care products were indicated by the average
weighted arithmetic mean of 3.49. Those students who buy their personal care
product carefully consider whether they can afford it has a weighted
arithmetic mean of 3.56, this means that the students. The table also shows that
the student who save money from their allowance for buying personal care
products has a weighted arithmetic mean of 3.5, it means that those students
agreed. The table also shows that the students compare prices before making
a purchase of the personal care products that they need and want has a
weighted arithmetic mean of 3.52, it means that students agreed. Furthermore,
the table also shows that the students set their personal care products aside if
they can't afford has a weighted arithmetic mean of 3.44, it means that the
students agreed. Lastly, the table also shows that the students who find it more
satisfying if the personal care products they bought from their allowance
has a weighted arithmetic mean of 3.42, it also means that they agreed.
37

According to Gupta and Misra (2015), personal care products are
those products which are used by consumers for their personal purposes.
It includes different types of cosmetic and skin care products like talc, cold
cream, fairness cream, toothpaste, toothbrush, perfume, deodorant, hair
oil, shampoo, soap, and all types of baby care and beauty care products.
These are the core FMCG products. Any person needs these products
every day. Personal care products are part of the FMCG industry. In other
words, we can say that personal care products are the backbone of FMCG
industry. As time passes away, the demand for personal care products is
increasing day by day and the future of these products are also very bright
and profitable. There was a time when consumers did not spend too much
amount on personal care products. But in present days, they are not only
eager to spend more money on cosmetic products, but at the same time
they are looking for a good and prestigious brand for the product.
Table 3. The financial management of the respondents;
38

Table 3.1: Estimated weekly expenses and average distribution of
the selected senior high school students’ financial management in terms of
food.
WEEKLY NUMBER OF ESTIMATED AVERAGE
ALLOWANCE RESPONDENTS EXPENSES
₱200 6 ₱700 ₱116.67
₱250 12 ₱1,500 ₱125
₱300 12 ₱1,800 ₱150
₱350 1 ₱200 ₱200
₱400 6 ₱1,500 ₱250
₱500 70 ₱21,000 ₱300
₱550 2 ₱600 ₱300
₱600 2 ₱700 ₱350
₱700 3 ₱1,500 ₱500
₱750 1 ₱500 ₱500
₱800 2 ₱1,000 ₱500
₱1000 18 ₱9,800 ₱544.44
₱1200 1 ₱700 ₱700
₱1500 4 ₱3,550 ₱887.5
TOTAL 140 ₱45,050 ₱321.79
Table 3.1. Shows the estimated weekly expenses and average
distribution of the selected senior high school students’ financial
management in terms of food. Out of 140 respondents, ₱200 weekly
allowance there are 6 respondents with an average of ₱116.67 for
estimated weekly expenses for food. For ₱250 weekly allowance there are
12 respondents with an average of ₱125 for their estimated weekly
expenses for food. There are also 12 respondents who has ₱300 weekly
39

allowance with an average of ₱150 for their estimated weekly expenses
for food. For ₱350 weekly allowance there were just 1 respondent with an
average of ₱200 for estimated weekly expenses for food. While there are
6 respondents who has a ₱400 pesos weekly allowance with an average
of ₱250 for their estimated weekly expenses for food. This table also
shows that the students who has a ₱500 weekly allowance have 70
respondents with an average of ₱300 for estimated weekly expenses for
food. For ₱550 weekly allowance there are just 2 respondents with an
average of ₱300 for there estimated weekly expenses for food. Out of 140
respondents, ₱600 weekly allowance there are just 2 respondents with an
average of ₱350 for estimated weekly expenses for food. For ₱700 weekly
allowance there are 3 respondents with an average of ₱500 for their
estimated weekly expenses for food. This table also shows that the
students who has a ₱750 weekly allowance have 1 respondent with an
average of ₱500 for estimated weekly expenses for food. For ₱800 weekly
estimated weekly expenses for food. Furthermore, for ₱1000 weekly
allowance there are 18 respondents with an average of ₱544.44 for their
estimated weekly expenses for food. Moreover, for ₱1200 weekly
allowance there were just 1 respondent with an average of ₱700 for their
estimated weekly expenses for food. Lastly, the table also shows that the
students who has a ₱1500 weekly allowance have 4 respondents with an
average of ₱887.5 for their estimated weekly expenses for food. The total
40

respondents are 140, while their total estimated weekly expenses for food
is ₱45,050 and it has an average of ₱321.79.
clothes.
41

₱200 6 ₱120 ₱20
₱250 12 ₱300 ₱25
₱300 12 ₱300 ₱25
₱350 1 ₱50 ₱50
₱400 6 ₱250 ₱41.67
₱500 70 ₱6,500 ₱92.86
₱550 2 ₱150 ₱75
₱600 2 ₱200 ₱100
₱700 3 ₱200 ₱66.67
₱750 1 ₱100 ₱100
₱800 2 ₱250 ₱125
₱1000 18 ₱2,200 ₱122.22
₱1200 1 ₱200 ₱200
₱1500 4 ₱450 ₱112.5
TOTAL 140 ₱11,270 ₱80.5
Table 3.2. Shows the estimated weekly expenses and average
distribution of the selected senior high school students’ financial
management in terms of clothes. Out of 140 respondents, ₱200 weekly
allowance there are 6 respondents with an average of ₱20 for estimated
weekly expenses for clothes. For ₱250 weekly allowance there are 12
respondents with an average of ₱25 for their estimated weekly expenses
for clothes. There are also 12 respondents who has ₱300 weekly
allowance with an average of ₱25 for their estimated weekly expenses for
clothes. For ₱350 weekly allowance there were just 1 respondent with an
average of ₱50 for estimated weekly expenses for clothes. While there are
42

6 respondents who has a ₱400 pesos weekly allowance with an average
of ₱41.67 for their estimated weekly expenses for clothes. This table also
respondents with an average of ₱92.86 for estimated weekly expenses for
clothes. For ₱550 weekly allowance there are just 2 respondents with an
average of ₱75 for their estimated weekly expenses for clothes. Out of 140
respondents, ₱600 weekly allowance there are just 2 respondents with an
average of ₱100 for estimated weekly expenses for clothes. For ₱700
weekly allowance there are 3 respondents with an average of ₱66.67 for
their estimated weekly expenses for clothes. This table also shows that the
students who has a ₱750 weekly allowance have 1 respondent with an
average of ₱100 for estimated weekly expenses for clothes. For ₱800
weekly allowance there are 2 respondents with an average of ₱125 for
their estimated weekly expenses for clothes. Furthermore, for ₱1000
weekly allowance there are 18 respondents with an average of ₱122.22
for their estimated weekly expenses for clothes. Moreover, for ₱1200
weekly allowance there were just 1 respondent with an average of ₱200
for their estimated weekly expenses for clothes. Lastly, the table also
respondents with an average of ₱112.5 for their estimated weekly
expenses for clothes. The total respondents are 140, while their total
estimated weekly expenses for clothes is ₱11,270 and it has an average
of ₱80.5.
43

According to Cham, T.H., et al., (2015), buying clothes is both a lot of
fun and a necessity. After all, what we wear not only protects us from the
elements, but it’s also a way for us to express our personalities and make
a good impression on others. However, while fun, clothes shopping can all
too easily get out of hand. New clothes can be expensive, and it’s normal
to get a bit carried away and you can easily be tempted to spend more
than your budget. Fortunately, you don’t have to spend a fortune to have
great-looking clothes all the time. There are several things you can do that
will help you save money on clothing.
44

₱200 6 ₱100 ₱16.66
₱250 12 ₱250 ₱20.83
₱300 12 ₱300 ₱25
₱350 1 0 0
₱400 6 ₱200 ₱33.33
₱500 70 ₱4,500 ₱64.29
₱550 2 ₱100 ₱50
₱600 2 ₱100 ₱50
₱700 3 ₱120 ₱40
₱750 1 ₱100 ₱100
₱800 2 ₱180 ₱90
₱1000 18 ₱1,850 ₱102.78
₱1200 1 0 0
₱1500 4 ₱380 ₱95
TOTAL 140 ₱8,180 ₱58.43
Table 3.3. Shows the estimated weekly expenses and
average distribution of the selected senior high school students’ financial
management in terms of clothes. Out of 140 respondents, ₱200 weekly
allowance there are 6 respondents with an average of ₱16.66 for
estimated weekly expenses for personal care products. For ₱250 weekly
allowance there are 12 respondents with an average of ₱20.83 for their
estimated weekly expenses for personal care products. There are also 12
respondents who has ₱300 weekly allowance with an average of ₱25 for
their estimated weekly expenses for personal care products. For ₱350
weekly allowance there were just 1 respondent with an average of ₱0 for
45

estimated weekly expenses for personal care products. While there are 6
respondents who has a ₱400 pesos weekly allowance with an average of
₱33.33 for their estimated weekly expenses for personal care products.
This table also shows that the students who has a ₱500 weekly allowance
have 70 respondents with an average of ₱64.29 for estimated weekly
expenses for personal care products. For ₱550 weekly allowance there
are just 2 respondents with an average of ₱50 for their estimated weekly
expenses for personal care products. Out of 140 respondents, ₱600
weekly allowance there are just 2 respondents with an average of ₱50 for
estimated weekly expenses for personal care products. For ₱700 weekly
estimated weekly expenses for personal care products. This table also
respondent with an average of ₱100 for estimated weekly expenses for
personal care products. For ₱800 weekly allowance there are 2
for personal care products. Furthermore, for ₱1000 weekly allowance
there are 18 respondents with an average of ₱102.78 for their estimated
weekly expenses for personal care products. Moreover, for ₱1200 weekly
allowance there were just 1 respondent with an average of ₱0 for their
estimated weekly expenses for personal care products. Lastly, the table
also shows that the students who has a ₱1500 weekly allowance have 4
46

for personal care products. The total respondents are 140, while their total
estimated weekly expenses for clothes is ₱8,180 and it has an average of
₱58.43.
Table 4. The significant correlation between financial management and
purchasing habits of the respondents in terms of food, clothes, and
Financial Purchasing R-value P-value Remark Decision Impression at
management habits in terms 0.05 level of
47

in terms of: of: significant
Food Food 0.16998 0.04476 Very low Rejected null Significant
positive hypothesis
correlation
Clothes Clothes -0.17353 0.03978 Very low Rejected null Significant
positive hypothesis
correlation
Personal Care Personal Care -0.20465 0.01511 Very low Rejected null Significant
Products Products positive hypothesis
correlation
TOTAL -0.2082 0. 01366 Very low Rejected null Significant
positive hypothesis
correlation
Legend:
0.90 to 1.00 (or -0.90 to -1.00) –Very high positive (or negative) correlation
0.70 to 0.90 (or -0.70 to -0.90) –High positive (or negative) correlation
0.50 to 0.70 (or -0.50 to -0.70) –Moderate positive (or negative) correlation
0.30 to 0.50 (or -0.30 to -0.50) –Low positive (or negative) correlation
0.00 to 0.30 (or 0.00 to -0.30) –Very low positive (or negative) correlation/ Negligible correlation
Table 4. Shows the correlation analysis between financial
management and purchasing habits of the selected senior high school of
Dr. Maria D. Pastrana National High School. Each domain of students’
financial management in terms of estimated weekly expenses in terms of
food, clothes, and personal care products is tested for association with
students purchasing habits in terms of food, clothes, and personal care
products. The r-values are as follows: food (0.16998) with a p-value of
0.04476; clothes (-0.17353) with a p-value of 0.03978; and personal care
products (-0.20465) with a p-value of 0.01511.
The data show that financial management is associated with
students purchasing habits, where the domains of food show very low
48

positive correlation, clothes have very low positive correlation, and
personal care products very low positive correlation. Since the overall
computed p-value is less than 0.05 alpha level of significance, the null
hypothesis is here by rejected null hypothesis and it could be stated that
there is a significant correlation between financial management and
purchasing habits of the selected senior high school. This implies that the
higher the weekly allowance the greater their purchasing habits.
The results are parallel to the study of Azmi and Ramakrishnan
(2018), these findings suggest that both variables have a positive
relationship. The students’ financial management is significant towards the
purchasing habits. These result supports the findings of past study by (Taft
et al., 2013), which noted that high financial literacy brings positive impact
on individual’s ability that relate to finance in terms of increasing savings,
making purchasing decision correctly, having proper investing, asset
management, employing insurance, debt and credit management as well
as provide understanding of the real economic situation and his or her
financial position reasonably. This will lead an individual to overcome their
stress and worries successfully even if there are financial issues.
CHAPTER 5
SUMMARY, CONCLUSIONS AND RECOMMENDATION

This chapter discusses the summary of findings, conclusions, and
recommendations.
49

This study was concerned with determining the correlational study
between financial management and purchasing habits of the selected
senior high school students of Dr. Maria D. Pastrana National High School.
It examines the correlation of financial management and purchasing habits
in terms of food, clothes, and personal care products. There were 140
respondents of senior high school students conducted at Dr. Maria D.
Pastrana National High School, Mauban, Quezon.
Findings of the Study
The main objectives of the study are stated in Chapter 1, especially
in the statement of the problem part there are three major questions that
need to be answered to fulfill the requirements of the study. Through the
financial management and purchasing habits taken by the researchers to
answer these questions, these results were acquired:
1. In the demographic profile of the selected senior high school students in
terms of age, sex, grade level, and weekly allowance are the following
findings were derived:
In terms of age, out of our 140 respondents, 14.29% are 16-years old;
37.14% are 17-years old; 32.86% are 18-years old; 11.43% are 19-years
old; 2.86% are 20-years old; and 1.43% are the 21-years old.
In terms of sex, male was just 45% and females were 55%.
50

In terms of grade level, 46.42% are from grade 12 while 53.57% are from
grade 11.
In terms of weekly allowance, it clearly shows that those students who
has a weekly allowance of; ₱350, ₱750, and ₱1,200 were just 0.71%;
₱550, ₱600, and ₱800 were 1.43%; ₱700 were 2.14%; ₱1,500 were
2.86%; ₱400 were 4.29%; ₱250 and ₱300 were 8.57%; ₱1,000 were
12.86%; and ₱500 were 50%. It means that ₱500 is mostly the weekly
allowance of the selected respondents.
2. The purchasing habits of the respondents in terms of food has an
average weighted mean of 3.46 with the quantitative description of Agree,
while in clothes it has an average weighted mean of 3.42 with the
quantitative description of Agree, and 3.49 average weighted mean with
the quantitative description of Agree in terms personal care products.
3.The financial management of the respondents, we find out that that their
estimated weekly expenses in terms of food are 50% of their allowance
based on the data that we gathered. While in clothes, most of them, 10%
of their allowance is for their clothes. For personal care products, some of
them haven’t bought personal care products from their allowance, while
the others the 5% to 10% of their allowance is for their personal care
products.
4. Significant correlation between the variables (financial management and
purchasing habits) when they are grouped according to food: In the
51

financial management, with 0.16998 average R-values and 0.04476
average P-values with the decision to reject the null hypothesis. While
when they are grouped according to clothes: In the financial
management, with -0.17353 average R-values and 0.03978 average P-
values with the decision to reject the null hypothesis. Lastly, when they
are grouped according to personal care products: In the financial
management, with -0.17353 average R-values and 0.03978 average P-
values with the decision to reject the null hypothesis.
Conclusion
Based on the findings the researchers conclude that:
1. There are 140 respondents from the selected senior high school
students. After gathering the data from 140 respondents that came from
senior high school students of Dr. Maria D. Pastrana National High School,
52

the researchers determined that the domains (financial management and
purchasing habits) have a positive significant correlation in terms of food,
clothes, and personal care products. Moreover, the researchers concluded
that managing finances has a positive correlation with purchasing habits of
the selected senior high school students of Dr. Maria D. Pastrana National
High School.
2. Among the selected senior high school students the correlation
between financial management and purchasing habits that they agree in
terms of food, clothes, and personal care products. The information
provided to students to give knowledge in financial management and to
give information about purchasing habits in terms of food, clothes, and
personal care products. Based on the results of the study, the researchers
developed knowledge as informative material as an output to help to
extent the knowledge about managing finances in terms of the purchasing
habits of the selected senior high school students.
3. Based on the results of the study on the correlation between financial
management and purchasing habits (food, clothes, and personal care
products), when they were grouped according to financial management
and purchasing habits in terms of food, clothes, and personal care
products with a decision to reject the null hypothesis and an interpretation
is significant correlation due to the basis of our value is the P-values of
53

0.01366 that appear in the decision to reject the null hypothesis because
the P-values are less than alpha level 0.05, which means that the result of
the study shows the significant correlation between financial management
and purchasing habits of the selected senior high school students in terms
of food, clothes, and personal care products.
Recommendation
The following recommendations are offered to students, parents,
and to future researchers.
1. The students should improve their financial management skills in terms
of their purchasing habits, for them to learn how to manage their finances.
54

2. The parents should be more informed about how their children manage
their finances in terms of their purchasing habits, for them and for their
children to be financially literate.
3. The researchers recommended future researchers who desire to further
expand their study be able to contribute to the improvement of financial
management. Continuation of this research can greatly contribute to many
students and to others. If further research is conducted.
4. The study may also be used as reference for future studies.
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Tungsriwong, Pathak, and Temsawat (2016) “Relationship Between

Financial Knowledge and Spending Habits”
https://readersinsight.net/JEI/article/download/102/151/559
CORRELATIONAL STUDY BETWEEN FINANCIAL MANAGEMENT AND PURCHASING

HABITS OF THE SELECTED SENIOR HIGH SCHOOL STUDENTS IN DR. MARIA D.
PASTRANA NATIONAL HIGH SCHOOL
Name (optional): __________________ Grade Level: ____________________

Age: ______ Sex: _________ Weekly Allowance: _________________
Direction: For each statement in the survey, please indicate how much you agree
or disagree with the statement by putting a check (✔) in the box provided in each
57

statement. There are no right or wrong answer. Your answer will be kept strictly
confidential, and you will be not identified.
Scale: 4 – STRONGLY AGREE ( indicates that the characteristic is always

manifested)
3 – AGREE ( indicates that the characteristic is often
manifested)
2 – DISAGREE ( indicates that the characteristic is seldom
manifested)
1 – STRONGLY DISAGREE ( indicates that the characteristic is never
manifested)
4 3 2 1
STATEMENT STRONGLY AGREE DISAGREE STRONGLY

AGREE DISAGREE
A. FOODS
1. I consider my allowance
before I buy food.
2. I save money from my

allowance for buying foods.
3. I compare prices before

making a purchase of the food
that I need and want.
4. I set my cravings aside if my

allowance is short.
5. I find it more satisfying if the

food I bought is from my own
allowance.
Your estimated weekly expenses for food from your weekly allowance.: ₱___
B. CLOTHES
1. I buy clothes if I can afford it.

allowance for buying clothes.

making a purchase of the
clothes that I need and want.
4. I set aside the trendy clothes

that I want if my allowance
can’t afford it.
5. I find it more satisfying if the
58

clothes that I bought is from my
own allowance.
Your estimated weekly expenses for clothes from your weekly allowance.: ₱______
C. PERSONAL CARE
PRODUCTS
1. Before I buy my personal
care products, I carefully
consider whether if I can afford
it.

allowance for buying personal
care products (e.g. skin care
products, perfumes, etc.).

making a purchase of the
personal care products that I
need and want.
4. I set my personal care

products aside if I can’t afford
it.
5. I find it more satisfying if I

bought my personal care
products that is from my own
allowance.
Your estimated weekly expenses for personal care products from your weekly
allowance.: ₱_______
59
CURRICULUM VITAE
ANGEL ANN P. ADARLO

Brgy. Daungan
Mauban, Quezon
CP. No. 09812876989
Email Address: adarloa87@gmail.com
___________________________________________________________
PERSONAL INFORMATION
Name : Angel Ann P. Adarlo
Birthday : August 03, 2004
Birthplace : Mauban Quezon
Gender : Female
Civil Status : Single
60

EDUCATIONAL BACKGROUND
Senior High School Dr. Maria D. Pastrana National High School

(Grades 11 to 12)
Accountancy Business And Management
Mauban, Quezon
2021-2023
Junior High School Dr. Maria D. Pastrana National High School
(Grades 7 to 10)
Mauban, Quezon
2017-2021
Elementary SWA Elementary School
(Grade 1 to 6)
Mauban, Quezon
2011-2017
CURRICULUM VITAE
AIMIE M. BOGATE
Brgy. Daungan
Mauban, Quezon
CP. No. 09512412630
Email Address: bogateaimie16@gmail.com
___________________________________________________________
Name : Aimie M. Bogate
Gender : Female
61

(Grades 11 to 12)
Mauban, Quezon
2021-2023
(Grades 7 to 10)
Mauban, Quezon
2017-2021
Elementary Mauban South Central Elementary School I
(Grade 1 to 6)
Mauban, Quezon
2011-2017
62
CURRICULUM VITAE
ASHLEY S. PEREZ
Brgy. Sadsaran
Mauban, Quezon
CP. No. 09634908933
Email Address: ashleyperez081605@gmail.com
___________________________________________________________
Name : Ashley S. Perez
63

Gender : Female

(Grades 11 to 12)
Mauban, Quezon
2021-2023
(Grades 7 to 10)
Mauban, Quezon
2017-2021
Elementary Mauban South Central Elementary School I
(Grade 1 to 6)
Mauban, Quezon
2011-2017
64

Dr. Maria D. Pastrana National High School

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Correlational Study Between….

DR. MARIA D. PASTRANA NATIONAL HIGH SCHOOL

A Senior High School Thesis

In Partial Fulfillment of the Requirements for

ANGEL ANN P. ADARLO

DR. MARIA D. PASTRANA NATIONAL HIGH SCHOOL

This study hereto entitled:

CORRELATIONAL STUDY BETWEEN FINANCIAL MANAGEMENT

prepared and submitted by Angel Ann P. Adarlo, Aimie M. Bogate,

EDUARDO M. TALAMAN, MAEd

Approved by the Committee on Oral Examination with a grade of

_________________ ____________________ _________________

Accepted in partial fulfillment of the Requirements for Inquiries,

DR. MARIA D. PASTRANA NATIONAL HIGH SCHOOL

The researcher would like to extend his sincerest gratitude to the

following for their priceless support in making this study a reality;

First and foremost, to Almighty God, for giving the researcher

time thus, making this endeavor a reality;

Mr. Mario A. Guevarra, Principal II of Dr. Maria D. Pastrana

intelligent recommendations for the enhancement of this manuscript;

Mrs. Maria L. Fajardo, Senior High School Coordinator who

continuously enlivening the researcher to provide good and quality output

in this study and kindness in checking our research paper;

Mr. Eduardo M. Talaman, District Technical Assistance

Committee and researcher’s adviser, who patiently shared his expertise

and knowledge in improving this study and in endlessly guiding and

inspiring the researchers in pursuing this study;

Mr. Aljon E. Camacho, his statistician, for sharing his expertise in

interpretation of the data;

Mrs. May A. Salvania, her subject specialist, for her ingenious

concepts shared upon the conduct of this study

DR. MARIA D. PASTRANA NATIONAL HIGH SCHOOL

ingenious concepts shared upon the conduct of this study;

Classmates and friends, for the true friendship and words of

encouragement to finish this study.

Angel Ann P. Adarlo

Princess Valerie M. Calvario

DR. MARIA D. PASTRANA NATIONAL HIGH SCHOOL

This research study is wholeheartedly dedicated to:

DR. MARIA D. PASTRANA NATIONAL HIGH SCHOOL

This research study is wholeheartedly dedicated to:

DR. MARIA D. PASTRANA NATIONAL HIGH SCHOOL

DR. MARIA D. PASTRANA NATIONAL HIGH SCHOOL

This research study is wholeheartedly dedicated to:

be what I want to be in the future.

Angel, Aimie, Valerie

DR. MARIA D. PASTRANA NATIONAL HIGH SCHOOL

PURPOSE. This study focused on determining the correlation between

financial management and purchasing habits of the selected senior high

school students of Dr. Maria D. Pastrana National High School.

DESIGN/METHOD/APPROACH. This study has utilized a non-

experimental descriptive correlational research design. Application, as

assessed by the teachers, was analyzed using Pearson Product-Moment

Correlation (Pearson r) to know if there is a significant correlation between

the domains of financial management and purchasing habits of the

selected senior high school students.

FINDINGS. The correlation of financial management and purchasing

habits of the respondents in terms of food, clothes, and personal care

products is generally positive. Furthermore, there is a significant

correlation between financial management and purchasing habits of the

selected senior high school students of Dr. Maria D. Pastrana National

RESEARCH LIMITATIONS/IMPLICATIONS. The majority respondents is

National High School.

_ _