IMPACT OF FINANCIAL MANAGEMENT TO THE SPENDING HABITS OF GRADE 12 ACCOUNTANCY, BUSINESS, AND MANAGEMENT STUDENTS

Abstract

This study aimed to examine the impact of financial management on the spending habits of Grade 12 Accountancy, Business, and Management (ABM) students at Immaculada Concepcion College. A total of 166 respondents from all ABM sections, excluding ABM-7 to maintain the study’s objectivity, participated. The research seeks to understand how students manage their finances and how these practices influence their spending behaviors. This study employed a quantitative research method, utilizing numerical data and a descriptive design under a non-experimental framework. The researchers applied simple random sampling as the sampling technique, a probability sampling method, to select the respondents. The findings revealed that financial management significantly impacts the spending habits of students. Based on the responses from the online survey questionnaire, the researchers rejected the null hypothesis (Ho). The study found an r value of 0.680 and a p value of < .00001, indicating a significant relationship between financial management and the spending habits of the respondents. The researchers advise students to enhance their financial management skills in order to make better financial decisions. Additionally, similar studies should be conducted with larger groups and across different institutions to determine whether the same conclusions remain consistent.