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    Final Defense

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    Henja Pearl
    The document discusses factors affecting the spending habits of students at St. Vincent College taking a BS in Accountancy. It found that financial literacy had the strongest influence on spending, followed by parental influence, with peer influence having a neutral effect. The study utilized a survey to determine that students with higher financial literacy were better able to budget and balance their needs and wants. It also found that parental guidance on expenses influenced spending habits. The results suggest students would benefit from continued education on financial management to help control spending.

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    Final Defense

    Uploaded by

    Henja Pearl
    109 views18 pages
    The document discusses factors affecting the spending habits of students at St. Vincent College taking a BS in Accountancy. It found that financial literacy had the strongest influence on spending, followed by parental influence, with peer influence having a neutral effect. The study utilized a survey to determine that students with higher financial literacy were better able to budget and balance their needs and wants. It also found that parental guidance on expenses influenced spending habits. The results suggest students would benefit from continued education on financial management to help control spending.

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    Final Defense(Ppt)

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    The document discusses factors affecting the spending habits of students at St. Vincent College taking a BS in Accountancy. It found that financial literacy had the strongest influence on spending, followed by parental influence, with peer influence having a neutral effect. The study utilized a survey to determine that students with higher financial literacy were better able to budget and balance their needs and wants. It also found that parental guidance on expenses influenced spending habits. The results suggest students would benefit from continued education on financial management to help control spending.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    109 views18 pages

    Final Defense

    Uploaded by

    Henja Pearl
    The document discusses factors affecting the spending habits of students at St. Vincent College taking a BS in Accountancy. It found that financial literacy had the strongest influence on spending, followed by parental influence, with peer influence having a neutral effect. The study utilized a survey to determine that students with higher financial literacy were better able to budget and balance their needs and wants. It also found that parental guidance on expenses influenced spending habits. The results suggest students would benefit from continued education on financial management to help control spending.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 18

    FACTORS AFFECTING

    SPENDING HABITS OF STUDENT


    AT ST. VINCENT COLLEGE
    TAKING UP BS IN
    ACCOUNTANCY
    Introduction
     

    Background of the Study


    • Money plays a very crucial role in our daily lives. It can be a tool to
    avoid suffering from poverty. As a human, money can be used as an
    instrument for buying basic needs and wants. And it plays a vital role
    for all humans, especially students. Developing a good spending
    habit at an early stage will help them best finish their education and
    eventually learn how to be financially stable in the near future.
    Aligned with this, college students encounter challenges on how they
    should spend their allowances. In order to attain a wise saving of
    money that can help us manage our allowances, we should learn the
    basics by tracking our spending habits. The aim of this research
    study is to determine the factors affecting the spending habits of
    students at SVC taking up a BS in Accountancy. It will also seek to
    determine how beneficial it is for college students to understand the
    manner and significance of their spending habits in order for them to
    be able to determine how and where their money goes.
    Objectives of the Study
    • To determine the students’ profile according to their
    Sex and Section.
    • To determine the factors affecting of spending habits
    among BS Accountancy students in terms of Peer
    Influence.
    • To determine the factors affecting of spending habits
    among BS Accountancy students in terms of Parental
    Influence.
    • To determine the factors affecting of spending habits
    among BS Accountancy students in terms of Financial
    Literacy.
    • To determine the most influential factor affecting
    spending habits of BS Accountancy students.
    Significance of the Study

    • Students
    • Future Researchers
    • Present Researchers
    Research Design & Methodology

    Research Design Respondents

    Research
    Instrument
    Research Design
    • Quantitative study
    • Correlation research approach

     
    Respondents

    • Population - 4th year BSA Students of


    St. Vincent College of Science and
    Technology of Leganes Iloilo Branch
    • Sample - selected using ramdom
    sampling
    Research Instrument

    • Researcher made questionnaire


    • Google Forms
    Each item was based on a modified 5-point Likert-scale. Respondents were
    assigned a corresponding score and interpretation as follows;
    Score Description
    5 Stroongly Agree
    4 Agree
    3 Neutral
    2 Disagree
    1 Strongly Disagree
    • Statistical Data Analysis Procedure

    • The following statistical tools wereused in the


    construction and analysis of the data.

    • Frequency Count
    • Percentage Analysis
    • Mean
    • Standard Deviation
    RESULTS
    Table 2 shows the factors affecting the spending habits among BS
    Accountancy in terms of Peer Influence

    Statement Mean Standard Description


    Deviation
    We hang out with my 3.29 1.066 Neutral
    friends using my allowance
    I spend more on my wants 2.52 0.959 Disagree
    than my needs.
    I borrow money from my 2.63 1.089 Neutral
    friends when I need money
    I spend money for 2.53 1.096 Disagree
    entertainment
    I compare prices before 4.45 0.770 Strongly
    buying my wants (clothes, Agree
    bags, shoes, etc.,)
    Table 3 shows the factors affecting the spending habits among BS
    Accountancy in terms of Parental Influence

    Statement Mean Standard Description


    Deviation
    I borrow money from my 3.30 1.185 Neutral
    parents.
    I ask opinion from my 3.41 0.944 Agree
    parents before buying.
    I spend less of my what I 3.69 0.720 Agree
    have.
    It is important to think and 4.41 0.637 Strongly
    plan for my expenses. Agree
    I am more parental 4.00 0.791 Agree
    disciplined in buying my
    needs.
    Table 4 shows the factors affecting the spending habits among BS
    Accountancy in terms of Financial Literacy

    Statement Mean Standard Description


    Deviation
    I understand how to save 4.41 0.683 Strongly
    money. Agree
    I have the ability to balance 4.27 0.664 Strongly
    my needs and wants. Agree
    I can prepare my 3.99 0.772 Agree
    weekly/monthly budget.
    I have no difficulty in 3.60 0.853 Agree
    managing money.
    I understand how to spend 4.32 0.634 Strongly
    my money in school Agree
    instrument.
    Table 5 shows rank of top 3 factors in spending habits of 4th
    year students.

    Factors of Spending Mean Description Rank


    Habits
    Financial Literacy 4.118 Agree 1
    Parental Influence 3.762 Agree 2
    Peer Influence 3.084 Neutral 3
    Conclusion
    • The Peer Influence as factors affecting spending habits of students
    at St. Vincent College taking up BS in Accountancy is very
    influential. This is because students will feel forced to take similar
    actions with their peers. This often affects the purchasing decisions
    of students.
    • The Parental Influence as a factor affecting spending habits of
    students at St. Vincent College taking up BS in Accountancy is very
    influential. This is because students are thought about their sources
    and availability of money. Being able to come upon about it can
    help the students realize that overspending is not good mainly if
    money is limited.
    • The Financial Literacy as a factor affecting spending habits of
    students at St. Vincent College taking up BS in Accountancy is very
    influential. This is because students are aware of budgeting their
    money. It can help the students to ensure that they don’t spend
    money they don’t have create short- and long-term goals. Being
    financially literate could results to help the students how to handle
    well the money and set limits in their spending habits.
    Recommendation
    • Students
    • Parents
    • Future Researchers
    THANK
    YOU

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