PERSONAL FINANCIAL LITERACY AMONG DORSU-CEC FRESHMEN

Financial Literacy

Everyone needs to be financially literate in order to prevent problems such as: budgeting, saving, paying off debt, investing, giving, and other issues. A person needs to be financially literate in order to handle their finances and succeed. Individuals who want to achieve a high level of financial literacy must practice wise money management in order to develop the knowledge and assurance necessary for making sound financial decisions. This quantitative research aimed to determine the level of personal financial literacy among freshmen of Davao Oriental State University - Cateel Extension Campus; they were from the BEED, BSCRIM, BSBA, BSA, and BSAM program who were enrolled in the 2nd semester of A.Y 2022-2023. With the aid of an adopted survey questionnaire as a data gathering tool, the results of this study revealed that the overall level of personal financial literacy among freshmen students at Davao Oriental State University was high with an overall mean of 3.62. The study was able to determine the level of personal financial literacy among freshmen students, which revealed that they all understood financial awareness, financial behavior, financial capability, financial experience, financial decisions, financial goals, financial skills, and subjective financial knowledge. Out of 5 programs at the Davao Oriental State University - Cateel Extension Campus, BSBA program had the highest mean of 3.78. Therefore, researchers concluded that it was advantageous to the BSBA students since their major was all about finances.

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