THE EFFECTS OF FINANCIAL PROBLEM TOWARDS ACADEMIC PROJECTS IN SENIOR HIGH STUDENTS

IN SAN REMIGIO NATIONAL HIGH SCHOOL

A Research Paper

Presented to the Department of Education of

San Remigio National High School

San Remigio, Cebu

In Partial Fulfillment of the Requirements

In Practical Research 1

S.Y. 2022-2023

By

Aivie Tayong

Dorina Linabog

Lyca Tabuñag

Laica Magalona

Jenny Oftana

Jevelyn Sinangote

Han Sam Osa

Erica Ann Ylanan

INTRODUCTION

Financial Problem is a situation where money worries are causing stress.However, Senior High Students
has been facing financial problem lately and this problem had become a major problem for Senior High
Students.Financial Problem faved by student are known as they do not have enough money worries is
causing them to stress.

After that, financial problems will being Impact to both mental and physical health.According to
Halliday Waynes(2014), a student financial position will affect their commitment in learning which will
affect their academic performance.

Moreover, due to inflation and trade war, it had made most of the country facing recession and
increases the cases of student facing financial problem.

Money are important in the world today, however the problem is that some people have lots of it and
most people have less than enough.Especially most of the Senior High Students are facing financial crisis
because they do not have the knowledge on how to manage their money.

Students now especially Senior High Student needs more financial especially if they buy materials of
their academic projects, if students dont have this they might couldn't pass or submit the project.

Financial plays an important role in students' academic performance. Financial problems are
a serious issue that needs to be addressed as it leads to multiple statges of problems such as
health issues and academic performance.DangandBulus(2015) education is high-cost social
service therefore insufficient financial support will be a problem for students to enhance
themselves in academics thus leading to poor academic performance.This paper aims to
identify the relationship between financial problems and academic performance faced by Senior
High Students in San Remigio National High School.

At this time some students are struggling with school expenses, and another problem

for students is lack of school equipment. and added two more years for senior high

school, and those students who want to work students but under age can't work

because they are under age, and their parents can't afford to educate their child due to a

disability on financial support. and if other students lack the financial support, they will

be less educated. Nowadays it is difficult to make money for school supplies,

food,supplies, and more.(2020)

According to Walstad, Rebeck and MacDonald (2010) the effects of financial education on the financial

knowledge of high school students has greater impact on understanding the importance of recognizing

and educating student knowledge about financial manangement or handling money excellently. This

paper significantly proved that implementing a program about financial education, the student would
probably guide highly and would grow with development about finance when engaging financial crises.

STATEMENT OF THE PROBLEM

This study aims to determine the impact of financial problem towards the academic performance of the
Senior High School (SHS) in San Remigio National High School (SRNHS) for the School Year 2023-2024

Specifically, this study aims to answer the following questions :

What describes the financial status of the respondents in terms of:

A. Parent’s socio-economic status;

B. Student’s daily allowance; and

C. School expenses?

What is the impact of financial problem to the academic performance of the respondents in
terms of:

A. Student’s attendance;

B. Performance task; and

Submission of projects and requirements?

This model will help the student how they solve their financial problem with the help of the
following article, As a separate subject of discipline, finance is still in its infancy. It was only the
latter half of the twentieth century that witnessed most of major developments in finance with
scientific rigor. This means that the whole profession of finance had to digest a very large amount
of new theoretical developments in a relatively short time period. Teachers, students, and business
people have been continuously introduced to new models, theories, and empirical results thereof
over the recent years and the trend continues. Started out as largely a descriptive, institutional field
of study, finance has quickly transformed into a science full of theoretical thrusts. While few would
dispute its origin as a branch of applied microeconomics, finance now is as theoretical as its mother
discipline. The rapid changes in finance have had a profound implication for business education.
Especially, such extensive and rigorous theoretical developments over the recent past have made
finance teaching in college classrooms increasingly challenging. Finance is one of the most
quantified and theorized disciplines in business curriculum. The dynamic and complex nature of
finance requires continuous development of new theories. As intellectual advancesin finance
continues in the form of more sophisticated theoretical inquiries, the challenge of teaching finance
theories will only grow bigger.

Financial plays an important role in students ' academic performance. Financial problems are a
 serious issue that needs to be addressed as it leads to multiple statges of problems such as health
issues and academic performance. Dang and Bulus (2015) education is high-cost social service therefore
insufficient financial support will be a problem for students to enhance themselves in academics thus
leading to poor academic performance. This paper aims to identify the relationship between financial
problems and academic performance faced by Senior High Students in San Remigio National High School

FIGURE 1. THE RESEARCH PARADIGM

INPUT

What describes the financial

status of the respondents in terms
of :

A. Parent's socio-economic status;

B. Students daily allowance;and

PROCESS OUTPUT
C. Sched expences?

Collection and analysis of data Profile of students and the impa

through questionnaire, and financial problems to the acade
What is the impact of financial focus group discussions. performance are identified.
problem to the academic
performance of the respondents
in terms of :

A. Students attendance ;

B. Performance tasks ; and

Submission of projects and

requirements?
 Conceptual Framework

This model will help the student how they solve their financial problem with the

help of the following article, As a separate subject of discipline, finance is still in its

infancy. It was only the latter half of the twentieth century that witnessed most of major

developments in finance with scientific rigor. This means that the whole profession of

finance had to digest a very large amount of new theoretical developments in a

relatively short time period. Teachers, students, and business people have been

continuously introduced to new models, theories, and empirical results thereof over the

recent years and the trend continues. Started out as largely a descriptive, institutional

field of study, finance has quickly transformed into a science full of theoretical thrusts.

While few would dispute its origin as a branch of applied microeconomics, finance now

is as theoretical as its mother discipline. The rapid changes in finance have had a

profound implication for business education. Especially, such extensive and rigorous

theoretical developments over the recent past have made finance teaching in college

classrooms increasingly challenging. Finance is one of the most quantified and

theorized disciplines in business curriculum. The dynamic and complex nature of

finance requires continuous development of new theories. As intellectual advances

in finance continues in the form of more sophisticated theoretical inquiries, the

challenge of teaching finance theories will only grow bigger. Yet, finance is somewhat

unique in terms of the correspondence between theory and evidence. While we educate

students to make independent critical evaluations of the contending points of views,

many finance theories are still at their developmental stage and so they are highly

controversial, debatable, and subject to close scrutiny. This poses as the very first

problem to a FAMILY
finance instructor – What particular theories and models should be taught?

◀ Parent want you to pass your

study

INDIVIDUAL

◀To study hard

◀To do everything to make your goals

in your life

◀Being responsible

◀ Self Confidence

APPROPRIATE
GOALS
DEFINITION OF TERMS:

Financial Problems

Financial difficulties can negatively affect studentsemtal health, stress, and anxiety, as well
as academic achievement related stress. Good financial management will prepare students for
life after university.

Socio - economic Status

A way of describing people based on their education, income, and type of job. Socio-
economic status is usually described as low, medium, and high. People with a lower socio-
economic status usually have less access to financial, educational , social, and health resources
than those with a higher socio -economic status.

Daily Allowance

Is the amount of money that a student is entitled to on a daily basis. It is one of the resources
for buying the needs of each student.

Academic Performance

Is the extent to which a student, teacher or institution has attained their short or long - term
educational goals. Is the measurement of student achievememt across various academic
subjects.

Budgeting

Helps you achieve and financial goals. Involves challenging decision- making, but setting goals
will make the tough choices a little easier. As you create a budget, you'll want to set short,
medium, and long - term goals and track your progress toward achieving them.
RESEARCH METHODOLOGY

Methodolgy

This Research contains method of research , Population , sample size and sampling
technique, description of the respondents, research instrument , Data collection Procedure ,
and Data Analysis Procedure used in the conduct study.

Research Design

The descriptive research is used in this study on the effects of financial problems toward
academic projects in Senior High School students of SRNHS. Both the qualitative and
quantitative research methods are employed in the research approach. Responses and
feedback of students can be gathered through qualitative and quantitative research methods in
seeking all available information that could strengthen the reliability and validity of the research
results.

Research data collection generates both statistical and the textual data of the numerical data.
With the variables included in the study, it is important to integrate them into the stages of the
research process. The research design is focused on both the objective and subjective areas of
the research. Through the quantitative research design, a value-free analysis is achieved with
the research objective focused on the interpretations of the variables.

Nonetheless, the mixed research method of the research process is followed with the
descriptive research as its guiding principle. A survey will be conducted among Senior High
students of SRNHS during data gathering.

Following the mixed research design, a qualitative survey was conducted together with the
same instrument.

Resesearch Respondents

The respondents were the Grade 11 Humss students of the San Remigio Senior High
School who are officially enrolled during the school year 2022-2023. The researchers
utilized the Random sampling method. Random sampling is used when we don't have
specific information about those in the target population and wish to remove human
bias from the selection process.

Research Instrument

The main instrument that is being used in this study is to gather data, the survey
questionnaire. It contains a checklist that could indicate their level of agreement regarding of
the statements about the effects of financial problem as Senior High Student. There are three
factors that could shows that affects of financial problem regard of their family financial issue,
emotional aspects and physical aspects.

SURVEY QUESTIONNAIRE

Direction : Please indicate your level of Agreement or Disagreement with each of the
statements regarding of Effects Of Financial Problem, that you've encounter as Senior High
Students in SRNHS. Put a check mark (✔) on the most appropriate box which corresponds
most closely to you're desired response. ANSWER IT ACCURATELY.

Factors
Interrelated
within the Strongly
family that Agree Agree Neutral Disagree Strongly
affects the Disagree
Financial
Problem Of the
Students

🔹Unemployed
🔹Insufficient
🔹 Too much
dept

Factors that
affect the
students Strongly Agree Neutral Disagree Strongly
emotional Agree Disagree
aspects

🔹 Anxiety
about the
future

🔹 Feeling
Interiority
of

Data Gathering Procedure

The initial stage of the data gathering procedure pertains to the collection of information to
where the sample respondents drawn.The researcher sought for the approval of the Principal
of San Remigio Senior High School to get information on the number of the target population
of the respondents

After getting the total number of the Grade 11 students of the San Remigio Senior High School
the list of the students was requested through the Principal of the San Remigio Senior High
School.

The last stage of the data gathering activity involved the distribution questionnaire to the
respondents.In this stage,the researcher sought the permission of the teachers and the
respondents concerned to undertake the following activities: accessing information relative to
the distribution of the questionnaire.

After obtaining consent and permission the researcher gave each participant a survey
questionnaire and explained to them carefully some important reminders and instructions on
how to accomplish the instrument.

The researcher asked the participants to read the directions carefully and fill out both the
demographic and the main parts of the questionnaire to the best of their ability.After all the
questions were completely answered,the retrieval of the questionnaire was suoervised by the
researcher to ensure quality and accuracy of data gathered.

Data Analysis Procedure

The researcher closely examines the data to identify

common themes – topics, ideas and patterns of meaning that come up repeatedly

(Caulfield, 2019).

A thematic analysis is a good approach in which you’re trying to find out

something about people’s views, opinions, knowledge, experiences or values from a set of

qualitative data – for example, interview transcripts, social media profiles, or survey

responses (Caulfield, 2019).

Thematic analysis is a flexible method that can be adapted to the purposes of

your research.

There are various approaches to conducting thematic analysis, but the most

common form follows a six-step process (Caulfield, 2019);

a. Familiarization;

b. Coding;

c. Generating themes;

d. Reviewing themes;

e. Defining and naming themes;

f. Writing up.

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Walstad, W. B., Rebeck, K., & MacDonald, R. A. (2010). The effects of financial education

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Thomas R. Lee, Professor and Extension Specialist, Department of Family and Human
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