UNIVERSIDAD DE MANILA
659-A Cecilia Munoz St, Ermita, Manila, Metro Manila 1
Financial Literacy and Savings Behavior
of selected CBA students
A Research Paper in Partial Fulfillment of Requirements for
Degree in Bachelor of Science in Accountancy presented to College of Business
Administration at Universidad de Manila
Submitted by:
GROUP 1
Catherine M. Agunday
Ma. Ramonica C. Asis
John Carlo De Ocampo
Niña Gonzales
Kim Joy Lee
Krishelle Oliamot
BSA – 42
Submitted to:
Dr. Elena R. Cernias
, UNIVERSIDAD DE MANILA
659-A Cecilia Munoz St, Ermita, Manila, Metro Manila 2
APPROVAL SHEET
In partial fulfillment of the requirements for the degree Bachelor of Science in
Accountancy (BSA), this thesis entitled: “FINANCIAL LITERACY AND SAVINGS
BEHAVIOR OF SELECTED CBA STUDENTS” was prepared and submitted to the College
of Business and Administration by CATHERINE AGUNDAY, MA. RAMONICA ASIS,
JOHN CARLO DE OCAMPO, NINA GONAZALES, KIM JOY LEE and KRISHELLE
OLIAMOT.
Approved by the Committee on ORAL EXAMINATION on December 16, 2022 with the
grade of _____________________.
Prof. Alistair B. Selorio
Panel Member
Dr. Reginald P. Bautista
Chairman
Approved in partial fulfillment of the Requirements for the Degree BACHELOR OF
SCIENCE IN ACCOUNTANCY (BSA)
Dr. Elena R. Cernias
Dean
, UNIVERSIDAD DE MANILA
659-A Cecilia Munoz St, Ermita, Manila, Metro Manila 3
ABSTRACT
TITLE: FINANCIAL LITERACY AND SAVINGS BEHAVIOR
OF SELECTED CBA STUDENTS
RESEARCHERS: Catherine M. Agunday
Ma. Ramonica C. Asis
John Carlo De Ocampo
Niña Gonzales
Kim Joy Lee
Krishelle S. Oliamot
DEGREE: Bachelor of Science in Accountancy
SCHOOL: Universidad de Manila
659-A Cecilia Munoz St, Ermita, Manila, Metro Manila
DATE WRITTEN: 2022
, UNIVERSIDAD DE MANILA
659-A Cecilia Munoz St, Ermita, Manila, Metro Manila 4
Table of Contents
Chapter 1: INTRODUCTION
Background of the Study........................................................................................................... 7
Statement of the Problem...........................................................................................................9
Hypothesis................................................................................................................................10
Scope and Limitation of the Study...........................................................................................11
Theoretical Framework............................................................................................................11
Conceptual Framework............................................................................................................13
Figure 1.....................................................................................................................................14
Significance of the Study.........................................................................................................15
Definition of Terms..................................................................................................................16
Chapter 2: REVIEW OF RELATED LITERATURE
Local Literature....................................................................................................................... 18
Local Studies............................................................................................................................25
Foreign Studies…………………………….………………………………………….……...25
Meta-analysis…………………………………………………………………………………29
Foreign Literature…………………………………………………………………………….33
Chapter 3: METHODOLOGY
Research Design.......................................................................................................................50
Locale of the Study...................................................................................................................50
Population, Sample and Sampling Techniques........................................................................50
Instruments of the Study...........................................................................................................51
Validity and Reliability............................................................................................................52
Statistical Treatment of Data....................................................................................................53
659-A Cecilia Munoz St, Ermita, Manila, Metro Manila 1
Financial Literacy and Savings Behavior
of selected CBA students
A Research Paper in Partial Fulfillment of Requirements for
Degree in Bachelor of Science in Accountancy presented to College of Business
Administration at Universidad de Manila
Submitted by:
GROUP 1
Catherine M. Agunday
Ma. Ramonica C. Asis
John Carlo De Ocampo
Niña Gonzales
Kim Joy Lee
Krishelle Oliamot
BSA – 42
Submitted to:
Dr. Elena R. Cernias
, UNIVERSIDAD DE MANILA
659-A Cecilia Munoz St, Ermita, Manila, Metro Manila 2
APPROVAL SHEET
In partial fulfillment of the requirements for the degree Bachelor of Science in
Accountancy (BSA), this thesis entitled: “FINANCIAL LITERACY AND SAVINGS
BEHAVIOR OF SELECTED CBA STUDENTS” was prepared and submitted to the College
of Business and Administration by CATHERINE AGUNDAY, MA. RAMONICA ASIS,
JOHN CARLO DE OCAMPO, NINA GONAZALES, KIM JOY LEE and KRISHELLE
OLIAMOT.
Approved by the Committee on ORAL EXAMINATION on December 16, 2022 with the
grade of _____________________.
Prof. Alistair B. Selorio
Panel Member
Dr. Reginald P. Bautista
Chairman
Approved in partial fulfillment of the Requirements for the Degree BACHELOR OF
SCIENCE IN ACCOUNTANCY (BSA)
Dr. Elena R. Cernias
Dean
, UNIVERSIDAD DE MANILA
659-A Cecilia Munoz St, Ermita, Manila, Metro Manila 3
ABSTRACT
TITLE: FINANCIAL LITERACY AND SAVINGS BEHAVIOR
OF SELECTED CBA STUDENTS
RESEARCHERS: Catherine M. Agunday
Ma. Ramonica C. Asis
John Carlo De Ocampo
Niña Gonzales
Kim Joy Lee
Krishelle S. Oliamot
DEGREE: Bachelor of Science in Accountancy
SCHOOL: Universidad de Manila
659-A Cecilia Munoz St, Ermita, Manila, Metro Manila
DATE WRITTEN: 2022
, UNIVERSIDAD DE MANILA
659-A Cecilia Munoz St, Ermita, Manila, Metro Manila 4
Table of Contents
Chapter 1: INTRODUCTION
Background of the Study........................................................................................................... 7
Statement of the Problem...........................................................................................................9
Hypothesis................................................................................................................................10
Scope and Limitation of the Study...........................................................................................11
Theoretical Framework............................................................................................................11
Conceptual Framework............................................................................................................13
Figure 1.....................................................................................................................................14
Significance of the Study.........................................................................................................15
Definition of Terms..................................................................................................................16
Chapter 2: REVIEW OF RELATED LITERATURE
Local Literature....................................................................................................................... 18
Local Studies............................................................................................................................25
Foreign Studies…………………………….………………………………………….……...25
Meta-analysis…………………………………………………………………………………29
Foreign Literature…………………………………………………………………………….33
Chapter 3: METHODOLOGY
Research Design.......................................................................................................................50
Locale of the Study...................................................................................................................50
Population, Sample and Sampling Techniques........................................................................50
Instruments of the Study...........................................................................................................51
Validity and Reliability............................................................................................................52
Statistical Treatment of Data....................................................................................................53
