Schools Division Office of Manila

VALERIANO E. FUGOSO MEMORIAL HIGH SCHOOL

Boys Town Complex, Parang, Marikina City

A Research Study

Presented to the Senior High School Faculty ofIn Partial Fulfillment of the Requirements

For Practical Research

Presented to:

Mr. Lito B. Diaz

Research Adviser

Presented by:

Cortez, Angelika L.

Digan, Milcah Joy S.

Dulpina, Veronica U.

Ignacio, Jusper

Jala, Jhonlee D.

Ilagan, Mike Russel

Researchers
 Schools Division Office of Manila
VALERIANO E. FUGOSO MEMORIAL HIGH SCHOOL
Boys Town Complex, Parang, Marikina City

Chapter 1

Introduction

Financial Stability is important to everyone, it means having enough income to

cover basic expenses, such as monthly bills; water and electricity bills, and Being able

to accommodate the needs and necessities of the family every day such as Food and

Water, also, it enables families to pay off debts and then have enough to cover any

unexpected costs and emergencies. It gives families the ability to plan for their future

and meet their financial goals. It can also help families in difficult times, such as job loss

or medical emergencies. Having a solid financial foundation can make all the difference

in how well a family can cope with life’s challenges. For these reasons, financial stability

is an important goal for many families. However, financial stability doesn’t automatically

mean a stress-free life or one without problems. Stress and problems are an integral

part of our life.

A financial Problem in the family is financial Instability, in which families are not

able to meet their bills on time or afford necessary needs such as Food, water,

electricity, hygiene kit, and Education for Children. Financial problems in the family

highly affect the Children, especially their education. Family plays a role in determining

students’ finances, as students from poor families do not have money to help students

in need, Even Scholar Students still need money for projects and educational expenses.

Students are unable to purchase books or other items because they lack sufficient

funds, and some are forced to borrow from friends in order to study, Students have to
 Schools Division Office of Manila
VALERIANO E. FUGOSO MEMORIAL HIGH SCHOOL
Boys Town Complex, Parang, Marikina City

make difficult decisions about whether to spend money on food or other essential

needs. Financial problems have a major impact on students’ Academic Performance.

The most pressing issue among students today is a lack of funds to sustain their lives at

school, which affects their lives as students, a student’s financial position will affect their

commitment to learning which will affect their academic performance in School.

Insufficient financial support will be a problem for them to enhance themselves in

academics, leading to poor Academic Performance.

The Researchers chose the topic; Financial Problems among Senior High

Students because the Researchers themselves had encountered difficulties in having

insufficient monetary support upon studying, Senior High School Students of Valeriano

E. Fugoso Memorial High School have been facing financial problems lately, Therefore,

The Researchers have conducted research that aims to identify how Financial Problems

affect the Academic Performances of Senior High School Students of Valeriano E.

Fugoso Memorial High School.

Theoretical Framework

Brofenbrenner (1983) The Theory of the Ecology of Human Development

presents’ that the Environmental Phenomena affects the Psychological state of

Students and their Academic Performance. Not only does the Environment impact the

developing Students, but the Students also affect the Environment. Brofenbrenner also

presents that as the students moved from their family settings into their school settings

they would take with them the psychological impact of experiences within the family
 Schools Division Office of Manila
VALERIANO E. FUGOSO MEMORIAL HIGH SCHOOL
Boys Town Complex, Parang, Marikina City

(Such as financial problems and other family issues). Such experiences were expected

to either enhance or hinder the students' academic performances. Additionally, stress

within the family setting would be expected to predict varying outcomes in the Academic

Performance.

Patterson (1982, 1983) has suggested that stressful events such as financial

hardship might severely impact children by disrupting the 5 parenting skills of the

children's parents, thereby creating an environment of family conflict and coercive family

interaction. Further, he hypothesizes that such a family environment will, in turn,

increase the likelihood of a range of distress symptoms. Reports of economic hardship

by various family members provided the measure of this effect on the family system.

The social support given to the Student by individual family members were used to

provide measures within additional microsystems involving the Student. Further,

measures of Academic Performance were considered representative of the individual-

school microsystem. Patterson's (1982, 1983) conceptualization of the stress-support

distress model formed the interrelationships between these systems.

Thomas Richardson (2013) Theory of Financial Problem is that it was affecting

personal life. When a Senior High School student is having ongoing financial stress, it

will affect their personal life such as sleep problems where they worry about their

financial status and could not fall asleep. Financial problems will also affect Senior High

School student’s mental health such as facing depression and anxiety. According to
 Schools Division Office of Manila
VALERIANO E. FUGOSO MEMORIAL HIGH SCHOOL
Boys Town Complex, Parang, Marikina City

him, there is a strong relationship between financial problems and depression that will

eventually affect their Academic Performance.

Conceptual Framework

The conceptual framework of this study is depicted in the paradigm given below

Frame 1 - Replicates the Input of the study which are questionnaires.

Frame 2 - Reflects the process of the study, which are Surveys and statistical

treatment to be used such as percentage, standard deviation, mean, Likert Scale & T-

test.

Frame 3 - Contains the output of the study which is the Effect of Financial Problems

to the Academic Performance of Grade 12 Students in Valeriano E Fugoso Memorial

High School, School Year 2022-2023.

 Schools Division Office of Manila
VALERIANO E. FUGOSO MEMORIAL HIGH SCHOOL
Boys Town Complex, Parang, Marikina City

INPUT PROCESS OUTPUT

The Effects of
Survey Financial Problem to

Statistical Treatment the Academic

Academic
to be used such as Performance of
Performance of
mean, weighted Grade 12 Students
Grade 12, Year
mean, mean in Valeriano E.
2022-2023
percentage scale Fugoso Memorial
Questionnaires
High School, School
Percentage, standard
Year 2022-2023.
deviation Z-test

FEEDBACK

Figure 1: Conceptual Paradigm of the Study

 Schools Division Office of Manila
VALERIANO E. FUGOSO MEMORIAL HIGH SCHOOL
Boys Town Complex, Parang, Marikina City

Statement of the Problem

The study aims to determine the Effects of Financial problems on the Academic

Performance of the Grade 12 Students in Valeriano E. Fugoso Memorial High School,

School year 2022-2023.

The statements of the problem to be answered are the following:

1. What is the geographical profile of the students’ respondents in terms of

a. Age

b. Sex

2. What is the percentage of students’ respondents who experienced financial

problems at home?

3. What are the reasons for having financial problems at home?

4. What are the ways of the students to cope up with the financial problems at

home?

5. What are the effects of financial problems on the Academic Performance of

Grade 12 Students?

6. What is the Academic Performance of the Students who have expressed

financial problems at home?

7. Is there a significant effect on the Academic Performance between the students

who have expressed financial problems at home to those who do not expressed

it?
 Schools Division Office of Manila
VALERIANO E. FUGOSO MEMORIAL HIGH SCHOOL
Boys Town Complex, Parang, Marikina City

Hypothesis

The study hypothesized that there is no significant effect on the Academic

Performance between students who have expressed financial problems to those who do

not express it.

Scope and Delimitation

The scope of this study focuses on determining the Effect of Financial Problem in

the Academic Performance of Grade 12 Students in Valeriano E. Fugoso Memorial High

School. School year 2022-2023. The school is located at Boystown Complex Parang

Marikina City.

We researchers limited this research to the selected Grade 12 students of the

respondent of the study. Also, the study limited the effects of Financial Problems on

their Academic Performance.

This Study is Significant for the Following:

Students – They will be aware of their everyday expenses. After reading this

research, it may motivate them to manage their allowance wisely.

Parents – The Parents will be aware of the effect of Financial problems of the

family towards the Academic Performance of their Children.

Teachers – The teachers will be informed of the Academic Performance of

students having financial problems at home.

 Schools Division Office of Manila
VALERIANO E. FUGOSO MEMORIAL HIGH SCHOOL
Boys Town Complex, Parang, Marikina City

Administrators – They will observe that Financial problems have an Effect on the

Academic Performance of Students.

For Future Researchers – This study may serve as Reference material for other

Researchers.Respondents of the Study

Definition of Terms

Terms Conceptual Operational

Academic Performance The extent to which student the results obtained by a

teacher or institution has student at end of a

achieved their short or specific term in all subject.

long term education goals.

Debt

Is anything owed by one The amount of money which

person to another. needs to be repaid back and

financing means providing funds

to be used in business activities.

 Schools Division Office of Manila
VALERIANO E. FUGOSO MEMORIAL HIGH SCHOOL
Boys Town Complex, Parang, Marikina City

Finance

Is a field that is connected A personal assessment of

with the allocation of assets one's current and expected

and liabilities over space and financial state.

time, often under conditions

of risk of uncertainty.

Financial Problem

Being unable to pay debts Financial problem occurs when

over the short or long term. income flows fail to meet the

required spending outflows owed

to outstanding obligations

or needs.
 Schools Division Office of Manila
VALERIANO E. FUGOSO MEMORIAL HIGH SCHOOL
Boys Town Complex, Parang, Marikina City

Financial Stability

Is a property of a financial system It meets the needs of

that dissipates financial imbalances average families and

that arise endogenously in the businesses to borrow

financial markets or as a result of money to buy a house

significant adverse and unforeseeable or a car, or to save

circumstances. for retirement or an

education. Likewise,

businesses need to borrow

money to expand, build

factories, hire new workers,

and make payroll.

Financial Goal

Is a target to aim for It can involve saving, spending,

when managing your money. earning or even investing.

Creating a list of financial goals

is vital to creating a budget.

 Schools Division Office of Manila
VALERIANO E. FUGOSO MEMORIAL HIGH SCHOOL
Boys Town Complex, Parang, Marikina City

Job Loss

Refers to the disappearance of Employment Loss means, with

jobs because of fundamental structural respect to any full-time

economic changes as distinct employee, (i) an employment

from transient fluctuations in demand. termination, other than a

discharge for cause, voluntary

departure or retirement.

Lower Class

The economic group with the Class of people below the middle

least wealth and power in society. class, having the lowest social

rank or standing due to low

income, lack of skills or

education, and the like.

 Schools Division Office of Manila
VALERIANO E. FUGOSO MEMORIAL HIGH SCHOOL
Boys Town Complex, Parang, Marikina City

Medical Emergencies

An illness, injury, symptom Means an existing medical

or condition so serious condition of the patient or a

that a reasonable person would member of the patient's

seek care right away to household, as defined and

avoid severe harm. certified by a physician or

public health official on official

stationery or company-provided

form, that will be aggravated

by the lack of utility service.

Stress

Any type of change that The means by which the body’s

causes physical, emotional, or coping mechanism adapts to

psychological strain. external stimuli and changes in the

surrounding environment. Common

symptoms of stress include low

energy, headaches, fatigue, an

 Schools Division Office of Manila
VALERIANO E. FUGOSO MEMORIAL HIGH SCHOOL
Boys Town Complex, Parang, Marikina City

upset stomach, including both

diarrhea and constipation, insomnia

chest pains, muscle tension,

an increase in breathing rates, aches,

pains, frequent colds and infections

excess sweating, loss of sexual desire

dry mouth, difficulty swallowing and

nervousness.