Karen Razelle M. Duyan, Angeline L. Labbutan
The study assessed the behavior of Kalinga children concerning money. It determined the children’s knowledge of money value, to know source of their money education and whether price can sway their preference in buying. The respondents of the study are the children enrolled at the Kalinga Special Education Center this School Year 2018-2019 whose age ranges at 6-7 years old. The study utilized the descriptive-comparative research design. In analysing the data, statistical tools like frequency, percentage and t-test were used. Since the sample size was too young, the researchers conducted the study by asking the pupils about the denominations, source of money information; if they have gone grocery shopping and whether they themselves have purchased anything or not. After which, two same pencils with different prices have been shown, and children were observed and asked whether they preferred the cheap or expensive one. The study revealed that Children recognize bills more accurately as compared to coins, and most of the children who were allowed to make purchase from the supermarket of their own choice picked nonfood item. This signifies that they are unable to appreciate the value of money as also seen in their preference of the more expensive pencil over the cheaper one, given that it is the same pencil shown in the first experiment. It is recommended that educators, families and the communities teach young people early awareness of the denomination and establish the sense of responsibility in money spending through Trainings on Financial Literacy and Capabilities.
Keywords: Money Awareness, Children, Spending, Price