CHAPTER V
SUMMARY, CONCLUSION AND RECOMMENDATION
This chapter presents the summary, conclusions and recommendations of the study.
SUMMARY OF FINDINGS
The summary of findings of the study are presented by the researchers.
1. Profile of the respondents
a. Age. Majority of the respondents belonged to the 17 years old.
b. Gender. Majority of the respondents were male.
c. Financial of the family in a year. Majority of the respondents belongs to the
family who have 100,000 – 120,000 php finance in a year.
d. Daily Allowance. Majority of the respondents have 50 php and above daily
allowance.
2. What is the extent of financial literacy of the students?
There are 26 students, which is the majority of the respondents, wherein
they share the same thought and experience about their extent of financial
literacy. It says that they have the knowledge and understanding
of financial concepts and risks. The skills, motivation and confidence to apply
such knowledge and understanding in order to make effective decisions across a
range of financial.
3. What is the impact of the COVID-19 pandemic to the financial stress and
literacy of World Star College of Science and Technology?
There are 36 respondents, which is the majority of them, that shares the same
view of the impact of COVID-19 pandemic to the financial stress and literacy of
World Star College of Technology. It states that financial stress in the middle of
pandemic brings most of the negative impact which are the leading cause of lost
productivity, unplanned absences, and lack of budgeting technique.
CONCLUSION
The COVID-19 pandemic was a huge turning point in this school year. In this study, the
financial stress and literacy is revealed through the answers of 50 respondents.
Based on the findings, the profile of the respondents revealed that majority of them
belongs to 17 years old and were male. They are also belongs to a family who have 100,000 –
120,000 php financial in a year with the daily allowance of 50 php and above.
The result of the study revealed that majority of the respondents share the same extent of
financial literacy during the COVID-19 pandemic that says that they have the knowledge and
understanding of financial concepts and risks. The skills, motivation and confidence to apply
such knowledge and understanding in order to make effective decisions across a range
of financial. In addition, this study also reveals that there are many impacts of COVID_19
pandemic to the financial stress of the students which most of them are negatively affects the
students. These negative impacts include are the leading cause of lost productivity, unplanned
absences, and lack of budgeting technique.
In the last section of this chapter, the researcher provided recommendations for future
research. Although the current study provides useful information about the financial stress and
literacy of the students during the COVID-19 pandemic. The study was a narrative, qualitative
research, which is limited by the small number of participants. The results of this study cannot be
generalized. A quantitative approach is suggested for future research to focus on more
participants that can join the study and gather more data about the struggles of students under
online learning.
RECOMMENDATIONS
The following recommendations are offered as possible ways to improve this study.
1. Using the data gathered from this research, use a quantitative method to gather more data
about the students' financial stress and literacy during the COVID-19 Pandemic. This
could establish the data about the extent and impact of financial stress and literacy to the
student.
2. Number of participants can be improved. More participants mean more accurate data.
3. It would be a great help to capture qualitatively the perspectives and opinions of research
partners who have different or mixed experiences.
4. Include teachers and other staff in the next study, to know their experiences and thoughts
about how they handle their students financial stress and literacy during the COVID-19
pandemic.
5. Face to face interviews if possible, if not, virtually meeting the participants for an
interview should be adapted. The use of google forms for interviews should be avoided as
much as possible because the participants' answers are limited/ they can’t express their
thoughts well.
6. Improve the topic that can be beneficial to many. Since this research focuses on the
students only, it is limited and may not be generalizable to people who are not on the
same level as the students. Parents and teachers who are also affected in having a
financial stress and literacy can be the focus of the study.
7. Approach the participants as soon as possible as the interpretation process consumes
more time.
8. Set schedules in doing each part of the study for better time management.
9. Seek help from research advisers to correct or avoid mistakes.
