The Influence of Financial Literacy and Financial Practices on the Financial Well-Being of Senior High School Students
by Anna Marie O. Pelandas, Asidero, Eme Rose Jane, L., Dela Cruz, Shane S., Esclamado, Ailyn A., Francisco, John Edmar A., Fuentes, Hanna Yen., Gumapac, Cynthia G., Hitalia, Venice A., Jocel T. Labadan, Navariz, Maylanie L., Tanggurak, Hanna Mae, D., Tantano, Jhona, S.
Published: March 9, 2026 • DOI: 10.47772/IJRISS.2026.10200326
Abstract
This study examined the influence of financial literacy and financial practices on the financial well-being of senior high school students. The primary goal of this study was to assess the level of financial literacy, financial practices, and financial well-being, to determine the significant relationship between these variables, and to examine the influence of financial literacy and financial practices on financial well-being. A quantitative, descriptive-correlational design was employed in this study, involving 271 senior high school students. The statistical methods used included the mean, Spearman’s rho, and multiple linear regression. The study found that financial literacy, financial practices, and financial well-being were all high. Moreover, there was a significant relationship between the variables, and financial literacy and financial practices significantly influenced financial well-being. Budgeting, saving, and responsible spending were found to significantly predict financial well-being.