Understanding Financial Practices and Literacy Levels of Working College Students
John Mark O. Eser (a*), Allyssa Mae Judilla (b), Juna Marie Bucasas (c), John Lloyd Vincent Espanar (d), Nerressa M. Montejo, MBA, CHRA, CFMS, CFMP (e)

Holy Child Central Colleges, Inc.

Abstract

This study examines the financial literacy levels and financial management practices of working college students at Holy Child Central Colleges Inc. (HCCCI). Using a descriptive-correlational design, data were collected from 141 respondents through a structured questionnaire assessing financial literacy (knowledge, behavior, attitude) and management practices (savings, credit handling, investing, personal spending, and budgeting). Results reveal that students exhibit a high overall level of financial literacy (M = 3.59), particularly in financial behavior and attitude, while financial knowledge is moderate. Financial management practices are at a moderate level (M = 3.42), with strengths in budgeting and savings but weaker performance in investing and credit handling. A moderate to strong positive correlation (r = 0.6614, p < .05) was found between financial literacy and management practices, indicating that higher literacy is associated with more effective financial behaviors. The study recommends targeted financial education programs focusing on credit management, investment strategies, and practical applications to enhance students^ financial competence and long-term financial well-being.

Keywords: financial literacy, financial management, working students, budgeting, investing

Topic: Marketing and Fintech in Terms of Islamic Perspective