ASSESSING FINANCIAL LITERACY IMPACT ON THE FINANCIAL BEHAVIOR OF GRADE 12 ABM STUDENTS OF A NATIONAL HIGH SCHOOL IN THE PHILIPPINES

This quantitative study assessed the impact of financial literacy on the financial behavior of Grade 12 ABM students of a National High School in the Philippines. The respondents of the study were 100 Grade 12 ABM students, selected based on a simple random sampling method. Financial literacy serves several crucial purposes like budgeting, investing, and debt management. Based on the findings, show that since the Department of Education institutionalizes and intensifies the integration of Financial Education in the K to 12 Basic Education Curriculum, it helps the students become more equipped when it comes to financial dealings. Grade 12 ABM students have a very high level of financial literacy. Financial literacy is a foundational knowledge base where practical skills are incorporated. Also, it was found that financial literacy can enhance student’s skills and abilities to make more informed choices and ultimately lead to a very high level of financial behavior. As recommended, Grade 12 ABM students must continue gaining knowledge in financial literacy. They must enhance their capabilities to become more proficient, expand their competency, and improve their skills and knowledge which will result in positive financial behavior. Thus, the result of this study shows that Grade 12 ABM students have a reasonable level of financial literacy which impacts their financial behavior.