Spending Habits of 2nd, 3rd and 4th Year Bachelor of Science in Hospitality Management Students of NONESCOST

This study focused to determine the level of spending habits of BSHM students of Northern Negros State College of Science and Technology using a descriptive quantitative type of research design. Stratified random sampling was used to determine the 166 respondents. A modified type of questionnaire was used for data collection. Respondents were found to spend tightly on personal needs and academic purposes and loose in terms of food and transportation. Meanwhile, Independent sample test and Analysis of Variance were used to test the difference on spending habits when grouped according to profile variables. It can be concluded that year level is the determinant of the difference on spending habits of BSHM students while sex and weekly allowance was found insignificant. From the findings and conclusion of this study on the level of spending habits of BSHM students, the research advances following recommendations to help the institution formulate interventions to improve and enhance the financial literacy education of Northern Negros State College of Science and Technology. Strengthening the effectiveness on how to manage their finances for second-year students and third-year students with tight competencies is critical for their academic performance and might affect their professional preparations. To fulfill this, the institution should consider implementing basic financial programs or related symposiums to deepen the understanding about the importance of a well-structured budgetary plan for student’s basis.