Financial Literacy and the Challenges of Junior High Schools in San Mateo, Rizal: Basis for a Propose Personal Financial Management Handbook

This study explores the level of financial literacy among junior high school students in selected public and private high schools in San Mateo, Rizal. Financial literacy, which encompasses financial knowledge, behavior, and attitude, is critical for making informed financial decisions. The researcher employed a descriptive method, utilizing a survey to assess students' financial literacy across four dimensions: financial knowledge, behavior, attitude, and skills. The study found that students ranked highest in financial skills, followed by financial attitude, behavior, and knowledge. A significant, though weak, correlation was observed between students’ financial literacy and grade levels, indicating that higher education slightly improves financial understanding. However, no significant correlation was found between financial literacy and factors such as family income. The study identified challenges including a lack of financial knowledge and life-planning skills, which were the main barriers to improved financial literacy. Based on these findings, a personal financial management handbook was developed to enhance students' financial knowledge and skills, addressing the weakest areas identified in the study. This handbook is a practical guide for students, promoting better financial decision-making and fostering long-term financial well-being. The study emphasizes the importance of integrating financial education into the school curriculum to equip students with essential financial skills from an early age.