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Financial Goals and Saving Habits of Senior High Students

The document summarizes a study on the financial goals and saving habits of senior high school students. The study found that students' level of priority for personal wants and needs significantly impacts their saving habits. It also found that gender is related to saving method, with males preferring coin banks and females preferring saving accounts. The researchers recommend providing youth with more saving options and educating students and parents on the importance of saving and proper financial priorities.

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Jude Lein
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3K views1 page

Financial Goals and Saving Habits of Senior High Students

The document summarizes a study on the financial goals and saving habits of senior high school students. The study found that students' level of priority for personal wants and needs significantly impacts their saving habits. It also found that gender is related to saving method, with males preferring coin banks and females preferring saving accounts. The researchers recommend providing youth with more saving options and educating students and parents on the importance of saving and proper financial priorities.

Uploaded by

Jude Lein
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

FINANCIAL GOALS AND SAVING HABITS OF SENIOR

HIGH STUDENTS

Judelein B. Bungalan, Rankine B. Banguiyao, John Paul P. Baylon, Rosaleah Ashley D.

Chog-ap, Sharmela B. Flores, Maria Fatima C. Francisco, Jill Kathleen S. Columna,

5 Carazelli A. Furigay

Abstract

The primary purpose of the study is to know the saving habits of the Senior High students

and its relation to their financial goals. Secondarily, the researcher also studied the

factors that affect the choice of saving method of the students. The researchers grouped

10 the respondents based on their level of priority for saving and determined their saving

habit score through the likert items. The first study reveals that the level of priority for

personal wants and personal needs have a significant effect on the saving habit of a

student. Other indicated reasons for saving has no significance to their saving habits.

The latter study shows that gender is significantly related to a student’s choice of saving

15 method where males prefer coin banks/piggy banks while females prefer saving accounts.

All other indicated demographics are independent from the saving method variable. The

government and financial management should provide other saving preferences that are

applicable for the youth. Educators and parents should emphasize more on the

importance of saving and encourage them to have a properly aligned priorities.

20

Key words: Financial goals, Savings Habit, Senior High Students

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