Financial management of working business students during the COVID-19 pandemic

Abstract

Since the advent of the CoViD-19 pandemic, working business students were affected by how they supervised the multiple challenges in managing their finances brought by the disease outbreak. Specifically, this study aimed to determine the level of financial management of working business students during the pandemic in terms of financial literacy, financial planning, and financial behavior. Participated by 200 business working students, chosen through purposive sampling, who answered a standardized survey questionnaire retrieved via google form link, results revealed through Kruskal- Wallis Test that the level of financial management of business working students is very high since they highly practiced financial literacy, financial planning, and financial behavior. Following the descriptive research design principle, findings summarized the statistical evidence of no significant difference when their financial management was analyzed in terms of age, sex, civil status program, and year level. However, the data reveals a significant difference in the financial planning with the year level since the null hypothesis was rejected. Because of these grounds, the researchers suggest solidifying this new body of knowledge by recommending business working students and future researchers and may include non-employed persons and business owners to explore this area of inquiry further, given that the global outbreak is still on the rise and has not yet fully recovered. Also, to have a broader range of analysis as to how different groups of people manage their finances effectively and to have a profound basis on how they handle and manage their finances.