TITLE:
AUTHORS:
Jes Maries M. Mendez
Page: 36-47 Vol: 20 Issue: 03 Year: 2025
ABSTRACT
This study evaluated the effect of a financial literacy seminar on the financial behavior of BS Entrepreneurship students at Bohol Island State University-Bilar Campus. The seminar focused on essential areas of personal finance, including increasing cash flow, budgeting, saving, spending, getting health and life insurance, managing debts and investing. Employing a quasi-experimental design, the research utilized pre-test and post-test assessments to evaluate shifts in financial behavior among 114 students during the 2023-2024 academic year. A 10-item research-made instrument was administered achieving high reliability with a Cronbach’s alpha of 0.88. The data were analyzed using Mean and Paired Samples t-Test. This study demonstrated a significant improvement in the financial behavior of students after the financial literacy seminar, with a p-value of less than 0.05. This result indicates that the seminar effectively enhanced students’ financial behavior, equipping students with the knowledge necessary to make informed financial decisions. The findings highlight the necessity of integrating financial literacy programs within entrepreneurship education to support students’ long-term financial stability and success, thereby reinforcing the value of financial education in promoting entrepreneurship. Furthermore, this study contributes to the growing body of literature emphasizing the necessity of embedding financial education within entrepreneurial curricula to foster financial sustainability.
Keywords:
Financial literacy; Financial literacy seminar; Financial behavior; Entrepreneurship students; Financial wellbeing
Received: 09 February 2025
Accepted: 28 February 2025
Published: 07 March 2025