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    This study aims to determine the financial management practices of selected high school students and identify factors influencing their spending habits and money management. Previous research has shown that high school students generally lack basic financial literacy and skills. While some schools offer financial education courses, there is little evidence they improve students' financial knowledge or behaviors. This study seeks to understand students' current practices to help educators better teach money management and the importance of savings.

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    This study aims to determine the financial management practices of selected high school students and identify factors influencing their spending habits and money management. Previous research has shown that high school students generally lack basic financial literacy and skills. While some schools offer financial education courses, there is little evidence they improve students' financial knowledge or behaviors. This study seeks to understand students' current practices to help educators better teach money management and the importance of savings.

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    This study aims to determine the financial management practices of selected high school students and identify factors influencing their spending habits and money management. Previous research has shown that high school students generally lack basic financial literacy and skills. While some schools offer financial education courses, there is little evidence they improve students' financial knowledge or behaviors. This study seeks to understand students' current practices to help educators better teach money management and the importance of savings.

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    614 views2 pages

    Tioc Revise

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    Notes Craft
    This study aims to determine the financial management practices of selected high school students and identify factors influencing their spending habits and money management. Previous research has shown that high school students generally lack basic financial literacy and skills. While some schools offer financial education courses, there is little evidence they improve students' financial knowledge or behaviors. This study seeks to understand students' current practices to help educators better teach money management and the importance of savings.

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    Assesstment on Financial Management Practices of Selected High School Students

    Finance is concerned with decision about money, more appropriately in cash flow,

    financial decisions deals with how the money is being raised and manage by a business,

    government or individuals (Besley and Brigham,2013). According to Baker and Powell

    (2009), financial management is an important decision-making process of acquiring,

    financing, and managing assets to accomplish some goals of a business. Financial literacy

    is an important education for high school students because appropriate management of

    money can create conditions to have a successful and quality of life (Belas, Nguyen,

    Smrcka, Kolembus, and Cipovova, 2016).

    Mandell and Klein (2009) stated that those who took the course were no more

    financially literate than those who had not. In addition, those who took the course did not

    evaluate themselves to be more savings oriented and did not appear to have better financial

    behavior than those who had not taken the course. Butters, Ascarta and McCoy (2012)

    found out that there is a lack of basic financial knowledge at high school level. In addition,

    found out that the majority of students do not practice the proper money management skills

    (Ibrahim, Harun and Isa, 2009).

    This study will determine the different practices of selected high school students in

    financial management. To know the factors why students spending and handle their money.

    This study can help the students to realize that is important to use the money in a

    good way and they will understand what they must do to their money and what is the

    purpose of savings. It can help the parents, educators to be open when it comes with money

    practices.
    Referrences:
    Besley S. and Brigham E.T (2013), Principles of Finance. Cengage Learning.
    Baker H.K and Popwell G. (2009), Understanding Financial Management, A practical
    guide., John Wiley and Sons.
    Mandel, Klein L.S (2009), The Impact of Financial Literacy Education on Subsequent
    financial behavior. Journal of Financial Counseling and Planning, 20 (1).
    Butters R.B, Ascarta C.J and Maccoy S. (2012), Financial Literacy and Gender in U.S High
    Schools. Journal of Economics and Finance Education, 11(2) pp. 142-149.
    Ibrahim D., Harun R. and Isa Z.M (2009). A Study on Financial Literacy of Malaysian
    Degree Students/UNE ETUCE SUR LES CONNAISSANCES FINANCIERES
    DE ETUDIANTS MALASIENS. Cross-cultural communication. 5(4) pp.51.
    Belas J., Nguyen, T.A.N, Smricka L., Kolembus J. and Cipovovia E. (2016) Financial
    Literacy of Secondary School Students Case Study from the Czech Republic and
    Slovakia, Economics and Sociology.

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