research 2: Navigational Financial Hurdles

research

1. Navigation Financial hurdles: Understanding the Coping Strategies of the SHS students of Tacloban Central Institute of Technical Studies Inc . II

2. Research Question The study aims to determine the strategies of students on the financial aspects. This seeks to answer the following questions; What are the financial challenges that students of Tacloban Central Institute of Technical Studies encounter in pursuing their education? How did the students strategize to solve the challenges? What are the suggestions given by the students of Tacloban Central Institute of Technical Studies to the stakeholders/government to better solve these challenges?

3. Scope and limitation This study will focus on the coping strategies of students on their financial problems the target here is the students of Tacloban Central Institute of Technical Studies who are struggling financially in terms of their educational aspects.

4. Definition of Terms Academic Performance - means that the desired goal of education is reached or acquired by the students and means the completion of their educational work. Challenges - means that it requires an effort to pass or complete the test. It requires dedication and great skills to solve a certain issue or problem. Coping mechanism - means that it is a different type of strategy to defuse and reduce unpleasant feelings toward anything. This also means that each individual has a unique coping mechanism to minimize uncertain feelings. Financial - means involving money in which it rotates or relates to finance. Financial problems - it is unable to pay debts and dues in the long or short term. It also means that incapable of handling finances or have such limited resources that lead to being unable to pay debt or payments for a certain thing that needs to be settled correctly. Students - means a person who goes to school studying to school.

5. Significance of the study The result of this study will benefit the following; Students - this study will help the students to have strategies and information about the things that could lead to solving financial problems. The students will be able to build sidelines or alternatives that could help them somehow track their financial activity and could also have a side Teacher - this study will help teachers to understand and analyze what are the student burdens in terms of their finances. Also, this will help the teachers to have or build strategies for them to help their student's problems. Parents - This study will give parents information and ideas about what the students go through in their financial problems. This will also encourage them to understand and help their daughter/son in coping with their problems.

6. Theoretical framework The earliest known use of the term financial literacy can be traced back to 1992, when a report for the National Foundation for Educational Research (NFER) commissioned by NatWest Bank, defined financial literacy as “the ability to make informed judgments and take effective decisions regarding the use and management of money”( Noctor , Stoney, Stradling , 1992). Financial literacy as a theoretical construct was championed by the Jump$tart Coalition for Personal Financial Literacy in its inaugural 1997 study Jump$tart Survey of Financial Literacy Among High School Students. In this study, Jump$tart defined “financial literacy” as “the ability to use knowledge and skills to manage one’s financial resources effectively for lifetime financialsecurity .