Enhancing Financial Literacy of Grade 12 ABM Students by Using Business Finance Lesson


  • Rhoi Vince Condino
  • April Del Monte
  • Juliane Rodriguez
  • Crystel-Joy Tamon


financial literacy, business finance, financial managements


Financial literacy is the education and understanding of knowing how money is made, spent, and saved. Students should understand how money works on their hands, how to spend money with their decision, and how to spend the money on the right things. We used Business Finance Subject to enhance the student’s financial literacy. The primary purpose of conducting this study was to make Grade 12 Accountancy, Business, and Management students financially literate. The researchers used the survey method because this is the most applicable method to use in gathering data. The design used was descriptive design because the researchers observed that students find it hard to budget their allowance because they spend a considerable amount on unnecessary things. The researchers also used convenience sampling to select 50 Grade 12 students from the Accountancy, Business, and Management Strand. The researchers also made and distributed 50 questionnaires to determine the things that they may help the students with to be financially literate. Based on the findings of the study, the factors influencing the financial status of the students were social media/media and their group of friends. The students cannot manage their allowance properly because they always hang out with their friends, buy things that they do not need, and spend a considerable amount of money on trending products. Therefore, the study showed that Business Finance lessons can help the students improve themselves by becoming financially literate. Spending money with a plan, avoiding debt, learning how to save money, making decisions before spending, controlling themselves to spend a considerable amount of money, and being wise are the things that must be learned by the students. The students who have a problem with financial literacy are recommended to do a daily budgeting plan to minimize and monitor their expenditures. Tracking ones’ spending is also important to get an accurate picture of your financial situation. Be wise when spending money because no matter how little or how much money you have, spending it wisely is a good idea. Avoiding impulse buying and planning purchases in advance is also a great idea for the students to save money and at the same time be financially literate.



How to Cite

Condino, R. V., Del Monte, A. ., Rodriguez, J. ., & Tamon, C.-J. . (2020). Enhancing Financial Literacy of Grade 12 ABM Students by Using Business Finance Lesson. Ascendens Asia Singapore – Bestlink College of the Philippines Journal of Multidisciplinary Research, 2(1). Retrieved from https://ojs.aaresearchindex.com/index.php/aasgbcpjmra/article/view/1280

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