UNDERSTANDING FINANCIAL PRACTICES AND LITERACY LEVELS OF WORKING COLLEGE STUDENTS

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

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