Chapter 4

Chapter 4
RESULTS AND DISCUSSION
This chapter presents the results and discussion on student capability on financial
management based on the research questions posted in chapter 1.
Results
Student Capability on Financial Management
Based on the participants during the in-depth interviews, the study gain the
following themes and thematic statements to unclose issues related to student
capability on financial management represented to the following table:
Student difficulties and presseure, most of the students answered that the
reason of difficulties of managing their financial problem due to their studies and work.
One of the participants said that :
Table 1
The Student Capability on Financial Management
Essential Theme Core Ideas
 Kulangkulang ang budget

Lack of Budget  Walay pamasahe
 Dili makaamot
 maglisodug budget sa kwarta
Force to borrow money  mabaon sa utang
 mapressure sa kwarta maong mangutang
nalang
 dili maka resecess
 magutom
Cannot afford to buy food for  lami kayo manawag ug mama
daily needs
Pressure pero kayanon para makatapos sa pagskwela.
(Code Archive: IDI_ABMLAPB03)
{Pressure, but I will do it very well to finish my study}
Financial problem of Senior High School students , another proving evident

why students are having a financial problem when they go to school without money in
their pocket, a participants justified that :
Daghan pud kayo ug bayronon sa school transportation pa nimo
(Code Archived: IDI_HUMSSLAPG01)
{There are a lot payments in school and our transportation}

Expressively; another participants answered that:
Dili kakaswela kay wala kay baonkailangan pa mangutang para nay pamasahe
(Code Archived: IDI_HUMSSLAPG02)
{Cannot go to school due to lack of allowance that is why we are force to
borrow money for transportation}
Difficulties of Financial Management, the reason of students is that they are not
thrifty and they do not know how to manage their financial problem. Unfortunately, a
participant said that:
Dili kayo budget akong kwarta waldas sa waldas ,walwal sa walwal

(Code Archived: IDI_ABMLAPB04)
[I cannot budget my money wisely and buy things that are not
necessary]
Impact of Financial Management in their daily work and study
During in-depth interview, the participants had experience difficulties through financial
problem, after they learned how to manage their financial problem properly.
This study gain with the following theme and thematic statements to express the
importance of financial management and developing their skills represented to the
following tables.
Table 2
The impact of Financial Management in their daily work and study
Essential Theme Core Ideas

 I will learn to manage my money
 literacy in handling financial
problem
Difficult to manage financial problem  tamang paggamit
 I learned how to use my money

wisely
 Worth it sya bisag lisud
 Na manage nako through working
Effectiveness as a students and and studying
employee
 Maka help ka sa imong family

 Makapalit naka sa mga gusto nimo
 Dili na makapangutang
Useful to working students
Manage your financial problem quickly, the most important principles of managing
the money is to list all the outcoming and incoming money. Most of that for the school
task that related to money, one of the participants answered that:
Kay working students ginalistanakoangakongmgapalitononuggastohon para
sapagskwela
(Code Archived:IDI_TVLLAPG05)
[As a working student I make a list for my incoming ang outcoming money to
provide my studies]
Another participant supported her statement, saying that:
Kami lang gyud ang makatabang sa among self
(Code Archive: IDI_TVLLAPB0
[We are the only one who can help ourselves]

Impact of Financial Management in their Studies
All Senior High School students of Davao City National High School has
experience a very difficult through financial management. This effectively and useful of
students of DCNHS.
Not only the student but also the teachers, a participant said that:
Dili jud sayon mag budget ug money
(Code Archived: IDI_ABMLAPB07)
{It is not easy to budget money}
Getting strong and wise, one of the very challenging experiences in a financial
management is many students do not know how to handle and use their money wisely.
During the interview said that:
Ma managed na nako ug tarong akong kwarta
(Code Archived:IDI_TVLB08)
{I can managed my money properly}

Discussion
Student capacity on Financial Management
Based on the findings, financial management of the students, the data that we know is
that senior high school students have difficulties in managing the financial problem.
As analyzed, the students have experienced negativities: “libog na kayo ang akong
utok, unsaon pag manage sa akoang finances” – the student translated in English (my
brain is too tired to manage my finances.) The attention of the students: “daghan
palitunon, dili maapas sa akong kwarta. – as translated by the researcher (my needs
cannot meet my finances) As noticed much should be done in limited time. One
participant said “daghan buhatunon kay working student man ko, nagatipid jud ko para
mabahin nako ang akong kwarta sa pag eskwela og palitonon”. (As a working student, I
have too much work to be done and I am saving my money both for my schooling and
my personal needs.)
The researcher has also observed that most of the students’ answers could not meet
their financial capacity. “kay dil ikasya ang among sweldo sa among mga gastuhonon”,
as said by one student.
The result of the study that senior high school students has experienced difficulties in
financial management. We experienced negativities in looking for additional income to
make both ends meet. Senior high school students must have a knowledge in handling
finances.
Observing the students’ financial management, the term management “is misleading.
Financial management cannot be managed and controlled.
According to Opoku, (2015), financial literacy has become one of the most concerned
issues in the developed countries in recent years especially after the economic crisis of
2008 since the effects of personal finance are significant to societies. Prior to the
economic crisis of 2008, studies on financial literacy were scarce in academic journals,
but governments of many developed countries however gave the needed attention to
the issue of financial literacy after the crisis. For instance, there was an advisory
committee on personal finance which was put in place to encourage financial literacy
awareness among Americans after the economic crisis. The idea of personal finance
has been described in the literature as the awareness and use of financial knowledge in
our day to day economic activities. It is therefore the application of financial knowledge
and terminologies by individuals in order to make a rational decision. Many academic
researchers in the field of personal finance have chosen to define the concept as “the
ability to make informed and efficient judgment regarding the use and management of
money (Schagen and lines, 1996).

Chapter 4

Uploaded by

Copyright:

Available Formats

Chapter 4

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Chapter 4

Uploaded by

Copyright:

Available Formats

Chapter 4

RESULTS AND DISCUSSION

Student Capability on Financial Management

The Student Capability on Financial Management

Essential Theme Core Ideas

 Kulangkulang ang budget

Pressure pero kayanon para makatapos sa pagskwela.

(Code Archive: IDI_ABMLAPB03)

{Pressure, but I will do it very well to finish my study}

Financial problem of Senior High School students , another proving evident

Daghan pud kayo ug bayronon sa school transportation pa nimo

(Code Archived: IDI_HUMSSLAPG01)

{There are a lot payments in school and our transportation}

(Code Archived: IDI_HUMSSLAPG02)

{Cannot go to school due to lack of allowance that is why we are force to

borrow money for transportation}

Dili kayo budget akong kwarta waldas sa waldas ,walwal sa walwal

Impact of Financial Management in their daily work and study

The impact of Financial Management in their daily work and study

Essential Theme Core Ideas

 I learned how to use my money

 Maka help ka sa imong family

Kay working students ginalistanakoangakongmgapalitononuggastohon para

Another participant supported her statement, saying that:

Kami lang gyud ang makatabang sa among self

(Code Archive: IDI_TVLLAPB0

[We are the only one who can help ourselves]

Dili jud sayon mag budget ug money

(Code Archived: IDI_ABMLAPB07)

{It is not easy to budget money}

Ma managed na nako ug tarong akong kwarta

{I can managed my money properly}

You might also like