Our study mainly focuses on establishing the effectiveness of the knowledge on the Financial Literacy of

Grade 12 ABM Students at the University of Cebu Lapu-Lapu and Mandaue. The researchers ask for the
profile of the respondents through Gender and Allowance. And Tested their knowledge about Money
Management, Saving Habits, Spending Habits, And Financial Access. The study was conducted at the
University of Cebu Lapu-Lapu And Mandaue. A total of 51 twelfth-grade students participated in the
questionnaire that was developed by the researchers. The questionnaire was divided into 2 sections, the
first one collects the data profiling of the respondents. While the 2nd section collects their knowledge
about the variables given.

After collecting the data, the data states that the majority of the respondents were female with a
percentage of 64%. On the other hand, 39% of Male respondents participated. On the first variable, the
respondents agree that “students who develop good management skills can benefit from them
throughout their life” and has the highest mean of 3.59. On the saving habits, the respondents agreed
that “Saving Habits provides students with a lesson on financial management” with the highest mean of
3.64. On the Spending Habits variable, respondents agreed that “Spending Habits affect financial
education.” And got the highest mean of 3.57. However, on the Financial access variable, respondents
highly agreed that “Financial Access has an impact on Financial Literacy in terms of banks with a
framework of shared ownership” and got the highest mean of 3.54. The test of significant relationship
shows that all tested variables between the profile of the respondents and the extent of the
effectiveness of their knowledge of financial literacy have no significant relationship.

Therefore, more females participated in the questionnaire compared to males. Regarding their
allowance, most of the respondents had an average of 100 pesos or more received per day. Based on
the findings of the test of the significant relationship between the profile of the respondents and the
level of effectiveness of their knowledge of financial literacy. All 8 of the null hypotheses are accepted. It
also shows that there were no significant differences in financial literacy when grouped according to
gender and amount of allowance. The study that was conducted focused more on senior high school
students. Based on the findings, the researchers have a set of topics that will be recommended. Future
researchers should dive deep into Financial Knowledge to measure their key concepts. They should also
focus on Financial Attitudes to determine the participants’ beliefs and preferences. Future researchers
should also gain data on the student’s financial behavior in facing financial decisions and personal
choices. The action plan that will be recommended is conducting a program or a webinar about Financial
literacy and its importance and there will also be tips for achieving financial literacy. The guest speaker
should also be a successful entrepreneur who achieved financial stability and financial literacy. The
webinar should be held mainly in the school and focuses on improving their knowledge and
understanding of financial literacy.