EXAMINING THE IMPACT OF FINANCIAL COMPETENCY AND MANAGEMENT SKILLS AMONG TERTIARY STUDENTS TOWARDS THE FINANCIAL LITERACY INTERVENTION PROGRAM FINANCIAL: A COLLABORATIVE STUDY BETWEEN INSTITUTE OF INTEGRATED DEVELOPMENT AND BANK OF THE PHILIPPINE ISLANDS

Abstract

This study examines the financial challenges faced by students at Pamantasan ng Lungsod ng Muntinlupa (PLMUN), focusing on their financial competencies and management skills. It explores students' knowledge in financial literacy, investment, debt management, and regulatory aspects, along with their budgeting, saving, and cash flow management abilities. The study identifies key financial obstacles, including insufficient allowances, high living costs, and limited access to part-time employment, which significantly affect students' financial well-being. The research also highlights the strong positive relationship between financial competency and management skills, suggesting that increased financial literacy correlates with better financial management. Based on the findings, the study proposes several educational initiatives, including workshops on budgeting and saving, the integration of financial literacy courses into the curriculum, guest speaker sessions, and peer mentoring programs, to improve students' financial literacy and skills. These interventions aim to equip students with the practical tools needed to navigate their financial challenges, enhance their financial decision-making, and foster a culture of financial competency at PLMUN.