Do you spend a lot on your wants?

Cumulative
Frequency Percent Valid Percent Percent

Valid Yes 7 46.7 46.7 46.7

No 8 53.3 53.3 100.0

Total 15 100.0 100.0

Do you have a bad spending habit?

Cumulative
Frequency Percent Valid Percent Percent

Valid Yes 6 40.0 40.0 40.0

No 9 60.0 60.0 100.0

Total 15 100.0 100.0

Are you a wise spender?

Cumulative
Frequency Percent Valid Percent Percent

Valid Yes 13 86.7 86.7 86.7

No 2 13.3 13.3 100.0

Total 15 100.0 100.0

 Do you know how to manage your own money?

Cumulative
Frequency Percent Valid Percent Percent

Valid Yes 14 93.3 93.3 93.3

No 1 6.7 6.7 100.0

Total 15 100.0 100.0

Correlations

Do you know
how to manage
Are you a wise your own
spender? money?
Are you a wise spender? Pearson Correlation 1 .681**

Sig. (2-tailed) .005

N 15 15
Do you know how to Pearson Correlation .681** 1
manage your own money? Sig. (2-tailed) .005

N 15 15

**. Correlation is significant at the 0.01 level (2-tailed).

A Pearson correlation coefficient test was computed to evaluate the relationship between a
students’ wise spending attitude and knowledge on money management. There was a positive
correlation between the two variables, r = 0.681, n = 15, p = 0.005. Overall, there was a strong,
positive correlation between wise spending and money management knowledge. This shows
that when a student’s knowledge in money management grows, they become wiser on their
spending habits as well.

Does your family tolerate your spending habits?

Does spending too much create a negative impact in yourCumulative

family?
Frequency Percent Valid Percent Percent
Cumulative
Valid Yes 8
Frequency 53.3
Percent 53.3
Valid Percent 53.3
Percent

Valid YesNo 7 5 46.733.3 46.733.3 100.033.3

No Total 15 4 100.026.7 100.026.7 60.0

Sometimes 6 40.0 40.0 100.0

Total 15 100.0 100.0

Do you spend a lot on your wants? * Does your family tolerate your spending habits? Cross tabulation
 Does your family tolerate your

spending habits?

Yes No Total
Do you spend a lot Yes Count 3 4 7
on your wants?
% within Do you spend a lot on your 42.9% 57.1% 100.0%
wants?

% within Does your family tolerate 37.5% 57.1% 46.7%

your spending habits?
No Count 5 3 8

% within Do you spend a lot on your 62.5% 37.5% 100.0%

wants?

% within Does your family tolerate 62.5% 42.9% 53.3%

your spending habits?
Total Count 8 7 15

% within Do you spend a lot on your 53.3% 46.7% 100.0%

wants?

% within Does your family tolerate 100.0% 100.0% 100.0%

your spending habits?

Chi-Square Tests

Asymp. Sig. (2- Exact Sig. (2- Exact Sig. (1-

Value df sided) sided) sided)

Pearson Chi-Square .579a 1 .447

b
Continuity Correction .059 1 .809
Likelihood Ratio .582 1 .446
Fisher's Exact Test .619 .405
Linear-by-Linear Association .540 1 .462
N of Valid Cases 15

a. 4 cells (100.0%) have expected count less than 5. The minimum expected count is 3.27.
b. Computed only for a 2x2 table

A Chi-square test of independence was calculated comparing the frequency of a student’s

spending habit on wants and their family’s tolerance on their spending habits. The results of the
test show there was no significant difference between the two variables (X2= 0.579, df= 1, n=
15, p= 0.447). Thus, accepting the null hypothesis that families do tolerate the spending habits
of students.