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Vol.14, No.3, August 2025. ISSN: 2217-8309 eISSN: 2217-8333
TEM Journal
TECHNOLOGY, EDUCATION, MANAGEMENT, INFORMATICS Association for Information Communication Technology Education and Science |
Unraveling the Nexus: Exploring the Interplay of Financial Literacy, Behavior and Practices
Vergel S. Manipol, Rechie B. Pabelona
© 2025 Vergel S. Manipol, published by UIKTEN. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. (CC BY-NC-ND 4.0)
Citation Information: TEM Journal. Volume 14, Issue 3, Pages 2124-2133, ISSN 2217-8309, DOI: 10.18421/TEM143-19, August 2025.
Received: 12 October 2024. Revised: 16 March 2025.
Abstract:
The study aimed to ascertain how financial behavior, financial practices, and financial literacy are related. This is a descriptive-correlational study that utilized a quantitative approach to data analysis with 266 accounting students-respondents. Regarding self-perceived financial understanding, the respondents had a high level of financial literacy, indicating their level of knowledge. The respondents are highly knowledgeable, as evidenced by the extremely high degree of financial literacy in terms of actual financial knowledge. Moreover, the extent of financial behavior and financial practices regarding recording, budgeting, spending, and savings are high. Financial literacy and financial behavior have no significant difference when grouped according to their profile. Furthermore, when grouped according to profile variables, the extent of financial practices regarding recording and spending has no significant difference. Regarding budgeting and savings, a considerable difference exists when grouped according to gender. Financial behavior and practices strongly correlate with financial literacy and vice versa. Encouraging students to continue expanding their financial knowledge and skills through continuous education is recommended. Academic institutions must offer learners opportunities to enhance their comprehension of intricate financial subjects and advanced financial strategies.
Keywords – Financial literacy, financial behavior, financial practices, financial knowledge. |
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