Conceptual Understanding of Financial Literacy Among Agribusiness Students

Financial literacy is a critical competency that influences individuals’ ability to make informed financial decisions and sustain long-term financial well-being. This study assessed the conceptual understanding of financial literacy among second-year Agribusiness students at Sorsogon State University–Castilla Campus, which focused on saving, spending, budgeting, and investing. A mixed-methods research design was employed using a structured survey questionnaire administered to 120 respondents selected through stratified random sampling. Quantitative data were analyzed using weighted mean, while qualitative responses were examined through thematic analysis. Results revealed a high level of conceptual mastery of financial literacy concepts, with an overall composite mean of 3.76. Saving (x̄ = 3.82), spending (x̄ = 3.85), budgeting (x̄= 3.61), and investing (x̄= 3.58) all fell within the high literacy level. However, students’ financial behavior registered a comparatively lower composite mean of 3.61, indicating a gap between conceptual understanding and consistent practical application. Thematic findings identified limited financial resources, lack of formal financial education, weak financial discipline, social influences, and restricted access to financial institutions as major challenges in applying financial concepts. Based on these findings, a Financial Literacy Enhancement Module was developed to strengthen applied competencies, particularly in budgeting and investing. The study proposed a targeted, practice-oriented curricular interventions to bridge the gap between financial knowledge and financial behavior among Agribusiness students.