A Descriptive Study on Senior High School Students' Strategies for Money Management

Abstract

This study aimed to know the different strategies used by the Senior High School Students, of St. Mary's College, Quezon City, for their money management. The researchers chose this study in order to know whether the strategies helped them manage money in an efficient way. The researchers decided to gather data through the use of self-administered survey questionnaire given personally to the selected population with a total of 120 respondents. From all the data gathered, the researchers found out the strategies that helped them achieve their targeted savings, allocate their money; is easy to use and how it contributed to financial needs. The researchers also knew how frequently the strategies were used, the source of the strategy, and their weekly savings. The researchers concluded that there were indeed different strategies being used by Senior High School students. However, the most used strategy is Budgeting, knowing that their allowance per day ranges from Php 100 -199, and they can save from Php 100 to Php 299, to which it is also concluded that the strategy is efficient to use.