Financial knowledge and financial preparedness of senior high school students

International Journal of Research Studies in Management
Divine Word College of San Jose Special Issue
2026 Volume 14 Issue 2

Available Online: 2 April 2026

Author/s:

Gavia, Jana Dominique M.*
Divine Word College of San Jose, Philippines (janadominiquemgavia@gmail.com)

Fleta, Thomas Ezekiel Y.
Caoagdan, Earl David A.
Mendoza, Queen Stefhanie Y.
Cadigal, Kane Dranreb G.
Villeno, Maja M.
Go, Angel Nicole F.
Galay-Limos, Jenny A.

Abstract:

Managing money is an essential life skill, especially for students beginning to experience financial independence. This study aimed to determine the relationship between financial knowledge and financial preparedness of Senior High School ABM and BAE students in Divine Word College of San Jose. The respondents included all 86 students, with 41 from BAE 11 and 45 from ABM 12. A descriptive-correlational research design was used, and data were collected using adopted questionnaires measuring financial knowledge and financial preparedness, which were validated and found to be reliable. Descriptive statistics, specifically weighted mean, and Pearson’s r correlation were used to analyze the data. The findings revealed that the respondents demonstrated high levels of financial knowledge and financial preparedness, with composite means of 4.12 and 3.94, respectively. Furthermore, there was a strong, highly significant positive relationship between financial knowledge and financial preparedness, indicating that students with greater financial knowledge are better able to manage expenses, plan for the future, and handle financial challenges effectively. Based on these results, it is recommended that the school provide more classroom activities to develop responsible money habits, teachers and counselors may conduct workshops and goal-setting exercises to strengthen students’ financial confidence, school organizations and administrators may implement activities related to practical money management, and future researchers may explore additional factors that influence students’ financial knowledge and preparedness.

Keywords: financial knowledge, financial preparedness, financial literacy, financial decision-making, money management

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DOI: https://doi.org/10.5861/ijrsm.2026.26013

Cite this article:
Gavia, J. D. M., Fleta, T. E. Y., Caoagdan, E. D. A., Mendoza, Q. S. Y., Cadigal, K. D. G., Villeno, M. M., Go, A. N. F., & Galay-Limos, J. A. (2026). Financial knowledge and financial preparedness of senior high school students. International Journal of Research Studies in Management, 14(2), 35-42. https://doi.org/10.5861/ijrsm.2026.26013

* Corresponding Author