THE EFFECTS OF FINANCIAL LITERACY ON THE ACADEMIC PERFORMANCE OF GRADE 12 HUMANITIES AND SOCIAL SCIENCES STUDENTS AT IMMACULADA CONCEPCION COLLEGE

Abstract

The study conducted at Immaculada Concepcion College examines the impact of financial literacy on the academic performance of Grade 12 Humanities and Social Sciences (HUMSS) students. It aims to analyze how students' understanding of financial concepts, budgeting, and money management influences their academic success, decision-making The study, utilizing a survey method, revealed a strong positive correlation between financial literacy and academic performance, particularly in terms of managing expenses and General Weighted Average (GWA). These findings suggest that students with better financial knowledge tend to exhibit improved academic outcomes, likely due to reduced financial stress and enhanced decision-making skills. The study's implications highlight the importance of financial literacy in helping students prioritize expenses and make wise spending decisions, ultimately contributing to their overall well-being and academic success. By fostering better financial management habits, students can reduce financial stress, maintain focus on their studies, and achieve improved educational outcomes. Addressing financial literacy is essential for students to develop informed decision-making skills regarding their spending habits, helping them avoid financial pitfalls linked to poor money management. By equipping students with practical financial knowledge, they can cultivate responsible financial behaviors that contribute to their academic success and long-term financial stability.