Spending Behaviours among Grade 11 Senior High School Students of Eduardo Cojuangco National Vocational High School

Abstract

Financial literacy has been identified as a key development area among adolescents. Research has shown that prudent spending behavioursduring adolescence can lead to financialstability during adulthood. This study therefore examinedthe spending behavioramong adolescent senior high school students in a public national vocational high school in the Philippines. A total of160 senior high school students answered thesurvey questionnaire asking them about their financial habits. Results showedthat students have minimal financial resources to spend (ranging from 50 to 100 pesos per day), usually spend these resources on basic necessities (such as food), and fail to practice money-saving behaviours. These findings are discussed in light of the state of financial literacy in the Philippines and possible steps that the Philippine government can take to increase financial literacy awareness among students.