Financial Literacy and Spending Patterns of Millennial Workers in the City of San Fernando Pampanga

Abstract

This study evaluated the different financial literacy and spending patterns of the Millennial Workers in the City of San Fernando. This is a quantitative research under the correlation descriptive analysis. Four hundred (400) Millennial Workers were surveyed to check on their practice of Financial Literacy and Spending Patterns. Based on the study conducted, shows that they generally agree that they are financially literate and have spending patterns that show disciplinary measures such as having a budget or a list of things to buy before they make purchases. The results showed that there is no significant difference when it comes to a person’s marital status and number of dependents towards their Spending Patterns. Instead, one’s monthly income shows that it has a significant difference to one’s Spending Patterns. Furthermore, it shows that there is a significant relationship between one’s financial literacy and spending patterns. One of the significant recommendations that can be drawn from this study is to continuously improve one’s financial literacy to have greater spending patterns.

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