Financial Literacy and Saving Decision of Abm Students: An Integration in Business Mathematics
Keywords:
Financial Literacy, Saving Decision, Accountancy, Business and Management (ABM), Senior High School StudentsAbstract
INTRODUCTION
The primary purpose of this research was to develop an integration of financial literacy and saving decision in teaching Business Mathematics in Senior High School.
METHODS
The respondents of the study were 101 Accountancy and Business Management (ABM) Students from Luis Y. Ferrer Jr. Senior High School, S.Y. 2016-2017. The study used a validated questionnaire.
RESULTS
The study found that the ABM students are literate in their Financial Literacy while slightly motivated in their saving decision. There was a low negative correlation of -0.144 and a low positive correlation of 0.088 of the respondents' household members to their financial literacy and saving decision. It was concluded that as the members of the family gets smaller, the more financial literate the respondents become and the more they are motivated in their saving decision.
DISCUSSIONS
The output of the research was to integrate financial skills in the lessons to be discussed in Business Mathematics.
