Online Shopping and the Financial Management Skills of the Selected Grade 12 ABM Students

• Main Authors: Immaculate Conception College of Balayan, Inc., Adona, Ched C., Maullion, Yellen Mae A., Bondoc, Rhea G., Indab, Joan P., Julongbayan, Beatriz D., Tan, Mary Stacy Eunice J., Villarosa, Shane Anne P., Valdez, Beverly Ann E., Alamag, Jasmine B., Balaquiot, Kent Daniel B., Bautista, Johnroy G.
• Format: text
• Published: Animo Repository 2024
• Subjects: Shopee; e-commerce; financial management skills; Grade 12 ABM students; online shopping
• Online Access: https://animorepository.dlsu.edu.ph/conf_shsrescon/2024/paper_lcs/1; https://animorepository.dlsu.edu.ph/context/conf_shsrescon/article/2364/viewcontent/PP_LCS_Maningat_Adona_Maullion_Bondoc_Indab_Julongbayan_Tan_Villarosa_Valdez_Alamag_Balaquiot_Bautista___Gracel_Rain_Maningat.docx.pdf
• Institution: De La Salle University

This study aims to evaluate how online shopping impacts the financial management skills of Grade 12 ABM students, considering both positive and negative effects. Additionally, it explores the connection between students' demographic profiles and their financial management skills. Using a mixed-methods approach, Phase 1 involved semi-structured interviews with 10 purposively selected participants. In Phase 2, a survey with a 5-point Likert scale was conducted, reaching an additional 17 respondents. The findings highlight the drawbacks of online shopping, such as disrupting saving habits, diverting funds from goals, hindering effective budgeting, and encouraging impulsive purchases with vouchers. However, it also has positive impacts, emphasizing savings through discounts, enhancing price comparison skills, and fostering informed purchasing decisions. Interestingly, students apply financial management skills during online shopping, utilizing budgeting, vouchers to save money and improve their shopping experience. Using the Spearman correlation, it was revealed that there is no significant relationship between students' financial management skills and their demographic profiles concerning the frequency and expenditure of online purchases. Based on these, the study recommends that students enhance their financial management skills through self-learning and workshops, seeking guidance when needed. Future research could focus on effective methods for teaching financial literacy in schools and assess the long-term impact of self-learning and online workshops. Understanding the role of parental involvement in students' financial decisions are also suggested avenues for future studies. Additionally, investigating the effectiveness of online workshops as tools for teaching financial management skills could provide valuable insights.