FACTORS AFFECTING

SPENDING HABITS OF STUDENT

AT ST. VINCENT COLLEGE
TAKING UP BS IN
ACCOUNTANCY
 Introduction
 

Background of the Study

• Money plays a very crucial role in our daily lives. It can be a tool to
avoid suffering from poverty. As a human, money can be used as an
instrument for buying basic needs and wants. And it plays a vital role
for all humans, especially students. Developing a good spending
habit at an early stage will help them best finish their education and
eventually learn how to be financially stable in the near future.
Aligned with this, college students encounter challenges on how they
should spend their allowances. In order to attain a wise saving of
money that can help us manage our allowances, we should learn the
basics by tracking our spending habits. The aim of this research
study is to determine the factors affecting the spending habits of
students at SVC taking up a BS in Accountancy. It will also seek to
determine how beneficial it is for college students to understand the
manner and significance of their spending habits in order for them to
be able to determine how and where their money goes.
Objectives of the Study
• To determine the students’ profile according to their
Sex and Section.
• To determine the factors affecting of spending habits
among BS Accountancy students in terms of Peer
Influence.
• To determine the factors affecting of spending habits
among BS Accountancy students in terms of Parental
Influence.
• To determine the factors affecting of spending habits
among BS Accountancy students in terms of Financial
Literacy.
• To determine the most influential factor affecting
spending habits of BS Accountancy students.
Significance of the Study

• Students
• Future Researchers
• Present Researchers
 Research Design & Methodology

Research Design Respondents

Research
Instrument
Research Design
• Quantitative study
• Correlation research approach

 
Respondents

• Population - 4th year BSA Students of

St. Vincent College of Science and
Technology of Leganes Iloilo Branch
• Sample - selected using ramdom
sampling
Research Instrument

• Researcher made questionnaire

• Google Forms
 Each item was based on a modified 5-point Likert-scale. Respondents were
assigned a corresponding score and interpretation as follows;
Score Description
5 Stroongly Agree
4 Agree
3 Neutral
2 Disagree
1 Strongly Disagree
• Statistical Data Analysis Procedure

• The following statistical tools wereused in the

construction and analysis of the data.

• Frequency Count
• Percentage Analysis
• Mean
• Standard Deviation
RESULTS
 Table 2 shows the factors affecting the spending habits among BS
Accountancy in terms of Peer Influence

Statement Mean Standard Description

Deviation
We hang out with my 3.29 1.066 Neutral
friends using my allowance
I spend more on my wants 2.52 0.959 Disagree
than my needs.
I borrow money from my 2.63 1.089 Neutral
friends when I need money
I spend money for 2.53 1.096 Disagree
entertainment
I compare prices before 4.45 0.770 Strongly
buying my wants (clothes, Agree
bags, shoes, etc.,)
 Table 3 shows the factors affecting the spending habits among BS
Accountancy in terms of Parental Influence

Statement Mean Standard Description

Deviation
I borrow money from my 3.30 1.185 Neutral
parents.
I ask opinion from my 3.41 0.944 Agree
parents before buying.
I spend less of my what I 3.69 0.720 Agree
have.
It is important to think and 4.41 0.637 Strongly
plan for my expenses. Agree
I am more parental 4.00 0.791 Agree
disciplined in buying my
needs.
 Table 4 shows the factors affecting the spending habits among BS
Accountancy in terms of Financial Literacy

Statement Mean Standard Description

Deviation
I understand how to save 4.41 0.683 Strongly
money. Agree
I have the ability to balance 4.27 0.664 Strongly
my needs and wants. Agree
I can prepare my 3.99 0.772 Agree
weekly/monthly budget.
I have no difficulty in 3.60 0.853 Agree
managing money.
I understand how to spend 4.32 0.634 Strongly
my money in school Agree
instrument.
 Table 5 shows rank of top 3 factors in spending habits of 4th
year students.

Factors of Spending Mean Description Rank

Habits
Financial Literacy 4.118 Agree 1
Parental Influence 3.762 Agree 2
Peer Influence 3.084 Neutral 3
 Conclusion
• The Peer Influence as factors affecting spending habits of students
at St. Vincent College taking up BS in Accountancy is very
influential. This is because students will feel forced to take similar
actions with their peers. This often affects the purchasing decisions
of students.
• The Parental Influence as a factor affecting spending habits of
students at St. Vincent College taking up BS in Accountancy is very
influential. This is because students are thought about their sources
and availability of money. Being able to come upon about it can
help the students realize that overspending is not good mainly if
money is limited.
• The Financial Literacy as a factor affecting spending habits of
students at St. Vincent College taking up BS in Accountancy is very
influential. This is because students are aware of budgeting their
money. It can help the students to ensure that they don’t spend
money they don’t have create short- and long-term goals. Being
financially literate could results to help the students how to handle
well the money and set limits in their spending habits.
Recommendation
• Students
• Parents
• Future Researchers
THANK
YOU