Chapter 3

Research Design and Methodology

This chapter is divided into three parts: (1) Purpose

of the Study and Research Design. (2) Methods (3)

Statistical Data Analysis Procedure.

Part One, Purpose of the Study and Research Design,

explains the design that guides the collection,

measurement, and analysis of data;

Part Two, Methods, describes the Research participants

of the study, Data-gathering Instrument, Research

Procedure, discusses the plan or course of action which the

research followed in order to answer the research questions

or solve research problems;

Part Three, Data Analysis Procedures, enumerates the

statistical tools employed in analyzing and interpreting

the data gathered.

Purpose of the Study and Research Design

One of the significant problems of a senior high

student are susceptible to irrational financial decisions

lack of financial literacy and financial management skills.

This research study aims to help in attaining

understanding the level of financial literacy and financial

management of ABM students of Filamer Christian University.

This study is a quantitative research which is a

correlational research that is a type of non-experimental

research method, in which a researcher measures two

variables, understands and assess the statistical

relationship between them with no influence from any

extraneous variable.

This study aims to determine the levels of financial

literacy and the skills in financial management of ABM

senior high students. Furthermore, it sought to investigate

the exposure of students to financial literacy and

management. As a quantitative research employs statistical

analysis to determine numerically the financial literacy

and financial management of ABM boarder students.

The researchers will utilize a researcher-made

questionnaire that employs random selection of

participants.
 Methods

Research Participants

The participants of the study were the 20 randomly

selected ABM students of Filamer Christian University. ​The

participants were classified into two namely: male and

female boarding students​. ABM Students from different

sections were considered as participants.

Data-Gathering Instruments

In order to determine the financial literacy and

financial management of ABM students, a researcher-made

questionnaire will be used which will be formulated so that

the needed data will be demonstrated. This will be

subjected to validation by our Research adviser. After the

questionnaire was validated, it will be distributed to the

randomly selected ABM students of Filamer Christian

University.

The research made questionnaire consist of four parts.

such as name, gender, age, and grade level. Part two,

consist of their financial status such as their weekly

allowance, expenses, savings of the students and ranking

type of questions that determines the expenses of the

students. Part three, used to determine the levels

financial literacy of ABM students and; Part four,

determines the financial management of ABM students in

managing their money.

Levels of financial literacy and financial management

of ABM boarding students was evaluated using a researchers

made questionnaire. Identifying mean of levels of financial

literacy and financial management and scaling the levels of

financial literacy and financial management whether it is

Very High if Highly literate and manages well their

finance, High if Moderately Literate and manages averagely

their finance, Moderate if Literate but manages finance

poorly and vice versa. ​Low if Less Literate and lowly

manages their finance and Very Low if Least Literate and

manages poorly their finance.

Mean Score Description

3.41-4.40 High

2.61-3.40 Moderate

1.81-2.60 Low

1.00-1.80 Very Low

Data-Gathering Procedure

The researchers will seek approval from their

Research Adviser of Filamer Christian University, to

conduct the study. After which a letter will be given to

the participants, requesting permission to conduct the

study. They will be informed on what the research study is

for and what is the purpose of their participation.

After the acceptance, the questionnaires will be

distributed to the participants. They will be given enough

time to provide their response to each item in the

questionnaire.

After acquiring all the needed data, the data

gathered will be subjected to data analysis and

interpretation by the researchers.

The data obtained from the participants were analyzed

using descriptive analysis which was done with the use of

mean and ranking. ​The hypothesis will be tested using

t-test for independent and dependent samples. Statistical

significance was set at 0.05.

Mean​. Mean was employed to find out the levels of

financial literacy and financial management of the ABM

boarder students.

​ anking was used to determine the levels of

financial literacy and financial management

T-test. T-test for independent and dependent sample is

employed to see if there is a significant difference on the

financial literacy of ABM students on their financial

management skills.