CHAPTER 3

RESULTS

This chapter presents the result of the study. The obtained data were analyzed

and interpreted. The implications of the result are explained in line with the purpose of

the study.

The Level of Financial Literacy of Grade 12 Students in Pantukan National High

Lietracy of Grade 12 Students in Pantukan National High School having two indicators

which is the Financial Knowledge and Awareness.

The results show the overall mean taken by the two indicators. Financial Literacy

obtained a mean of 3.81 with a standard deviation of .589 which the description is high.

Moreover, statement number 3 stated that they understand how to manage their

borrowed money when there’s something they want to buy proved that financial

knowledge has a highest mean score of 4.06 followed by statement number 2 stated

that they can prepare their weekly/monthly budget, with the second highest mean score

of 3.79. Statement number 2 stated that they discuss budgeting matters with their

parents or guardian and obtaining a mean score of 3.75 followed by statement number

4 stated that they have difficulty in managing their money or allowance which has a

mean score of 3.62. While the Awareness obtained a mean of 3.79 with a standard

deviation of .723 which the description is high. Statement number 2 stated that before

they buy something they carefully consider whether they can afford it and attaining a

mean score of 4.09 followed by statement number 4 stated that they set aside money in
advance for the things they want to buy and resulted a mean score of 3.92. Statement

number 1 stated that they pay their bills, payments or debts on time and gained a mean

score of 3.73 while statement number 3 stated that they keep a record of their

expenses and has a mean score of 3.42.

The data revealed that Financial Knowledge have the highest mean score of 3.80

this means that the financial literacy is expressed by the students in majority of cases

and Awareness has the lowest mean score which is 3.79 this implies that the financial

literacy is manifested in majority of cases.

Table 1
The Level of Financial Literacy of Grade 12 Students in Pantukan National High
School
Indicators Mean SD Description
Financial 3.81 .703 High
Knowledge
Awareness 3.79 .723 High
Overall Mean 3.80 .624 High

The Level of Awareness of Grade 12 Students in Pantukan National High School

Grade 12 Students in Pantukan National High School having three indicators which is

the Personal Needs, Academic Purposes, and Transportation.

The results show the overall mean taken by the three indicators. Personal Needs

obtained a mean of 3.75 with a standard deviation of .687 which the description is high.

Moreover, statement number 1 stated that they compare prices before they spend

money on food and clothes proved that awareness has a highest mean score of 4.03

followed by statement number 4 stated that they usually buy clothes on sale, with the
second highest mean score of 3.78. Statement number 2 stated that they created a

weekly budget for food expenses and obtaining a mean score of 3.77. followed by

statement number 3 stated that they ask for discount when buying necessities and

groceries which has a mean score of 3.43. While the Academic Purposes obtained a

mean of 3.72 with a standard deviation of .838 which the description is high. Statement

number 1 stated that they compare prices before they buy school supplies and attaining

a mean score of 3.93 followed by statement number 4 stated that they spend money on

mobile data load for school purposes and resulted a mean score of 3.86. Statement

number 2 stated that they spend a large percentage of their money on photocopies and

printing of school works and gained a mean score of 3.81 while statement number 3

stated that they spend money on computer shops when doing their school requirements

and has a mean score of 3.27. And lastly, Transportation obtained a mean of 3.64 with

a standard deviation of .847 which the description is high. Statement number 4 stated

that they love to travel and see new places and attaining a mean score of 4.16 followed

by statement number 3 stated that they take a walk with their classmates when school

is done and resulted a mean score of 3.69. Statement number 1 stated that they use

public transportation in going to school and gained a mean score of 3.61 while

statement number 2 stated that they take a walk when going to school and has a mean

score of 3.09.

The data revealed that Personal Needs has the highest mean score of 3.75 this

means that the spending habits is manifested by the students in majority of cases.

Academic Purposes has the second highest mean score which is 3.72 this implies that

the spending habits is manifested in majority of cases. And lastly, Transportation has
the lowest mean score of 3.64 this means that the spending habits is manifested by the

students in majority of cases.

Table 2
The Level of Spending Habits of Grade 12 Students in Pantukan National High
School
Indicators Mean SD Description
Personal Needs 3.75 .68 High
7
Academic 3.72 .83 High
Purposes 8
Transportation 3.64 .84 High
7
Overall Mean 3.70 .61 High
8

Significant relationship between Financial Literacy and Spending Habits of Grade

Table 3 shows the result on the significant relationship between the Financial

Literacy and Spending Habits of Grade 12 Student in Pantukan National High School.

The independent variable which is the Financial Literacy obtained a mean of 3.80 while

the dependent variable which is the Spending Habits obtained a mean of 3.70.

The computed R-value is .598 with a probability value of .000 tested at 0.05 level

of significance. The null hypothesis which stated that there is no significant relationship

between the independent variable and dependent variable is hereby rejected.

This means that there is a significant relationship between the two variables

presented in the study. Statistically, there is concrete evidence to prove that the two

indicators which is the Financial Knowledge and Awareness affects the Spending Habits

of Grade 12 Students.
 Table 3
Significant relationship between the Financial Literacy and Spending Habits of
Grade 12 Students in Pantukan National High School
R-
Variables Mean SD P-value Decision
value
Independent Variable 3.80 .624
Dependent Variable 3.70 .618
Total .598 .000 Ho is rejected