A Qualitative Study of Spending Behaviour of ABM Students in

Lala National High School

In this study we can evaluate on how does an Lala NHS ABM student spend his/her extra
money from their allowance after the enlightenment of some businesses. And we can also see
what are the major factor they are facing in spending their “baon” and do they budget it.

Allowance is the amount of something available or needed for a particular purpose word that is usually
associated with students and school expenses1. According to a research of Westwood College in U.S.
(2009), most of the seniors and college students spend the least of their allowance in transportation,
books, and supplies but spends 40% on discretionary activities- entertainment, apparel and services,
travel and vacation. Lala National High School is a school located in Barangay Maranding, Lala, Lanao del
Norte. Just few meters away from some public establishments where every ordinary studemts can
hangout or spend their money whenever they want to. Lala NHS offers some strands like Academic
track. Inside the academic track is where ABM or Accountancy and Business Management belongs. Thus
strand tackles about business and accountancy studies including entrepreneurship, stocks and shares
etc. looking inside their courses or subjects, it teaches the students about the issues regarding expenses
and it includes money. If these students are being taught about money, they have big opportunity of
understanding spending wisely. Even though they’re just students and not yet applying the major
purpose of their strand as an accountant or businessman they are still part of our economy.