Professional Documents
Culture Documents
Chapter 1
Introductio
Spending in the course of everyday life, makes a variety financial decisions among
people.
Spending behavior is commonly a behavior affecting the way of a person to use their money
in order to satisfy their wants and needs without any ise of control. This spending behavior is
mostly experienced among youth and students. A recent survey by the American Institute of
Certified Public Accountants reveals that over three-quarters of Millennials want the same
clothing, vehicles and electronic devices as their friends and that about half of them have to
use a credit card to pay for basic daily needs such as food and utilities. More than 25 percent
of them had late payments or struggle with bill collectors, and more than half also receive
some form of financial assistance from their families. One of this study's most disturbing
findings reveals that seven out of ten young people define financial stability as being able to
Nowadays most of the youth has become more prudence in their daily routine to
satisfy their self concept and social circle which lead in accordance to their personal
necessity. This present the spending interest of students that lead them to spend prior to their
interest,wants and needs. They become emerged with new personality characteristics,whic h
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has made them more productive in order to response to things in the environment and
In fact, being wise in one's spending will lead to improved available resources and
Solomon, many students run into budget issues when they begin making decisions based on
emotions in the moment. “Students need to think through the ‘what if’ questions and be
prepared for situations when they will spend money without thinking,” she says. “What if
your friends are going to a concert where tickets cost $100 and you hadn’t planned on that
expense? What if your friends are planning an amazing spring break that is way more than
you planned to spend? By being aware that things like this will pop up from time to time, you
can be better prepared and not throw your budget out of order.” On the other hand helping
young people to know financial spending is quite important because this will guide them
The researchers believe that this study will lead students to proper way of spending
that guide them to financial literacy. Thus the discovery of this study will recognize students
spending behavior and interest and upon the information gathered the researchers would able
bahavior often transmitted by parents and other influencial individuals, and is, therefore,
predomenantly, one that is passed from generation to generation ( Lois carrier, CFP; David
Maurice, CFP, 1998 ). According to the theory spending behavior can be passed or
transmitted in different factors which is Parents and other influencial factors such as Peers,
and advertisement it might be on television, radio, and from social media or any platform of
advertisement. Spending habit behavior is not seen first in the student, but that behavior
INDEPENDENT DEPENDENT
Demograohic Profile: Spending habit factors:
Gender
Family Socio PERSONAL
economic status
Allowance -Entertainment
-Leisure
-Basic Needs
Influencial Factos -Beauty products
Parents
Peers EDUCATIONAL
Advertisement
-EducationNeeds
-Transportation
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Statement of the Problem
Students now a days are more active and productive when it comes to thier needs and
financial way of spending and that they are capable also on what to buy and how much to
spend. In fact they consider themselves as independent individual that somehow lead them to
a wrong way of spending. This study aim to know the factors influenced the spending habits
of students and the researchers target is to determined each factors. Specifically it seek to
1.) What is the profile of the students when grouped according to:
1.1) Gender;
1.3) Allowance;
profile?
2.1) gender;
2.3) allowance
3.) What is the spending habit of the respondents when grouped according to profile in
relation to;
according to profile?
Hypothesis
Ho= There is no significant difference between the spending habit of the senior
highschool students of Liceo de Cagayan University when grouped according to gender, and
allowance.
The respondents of this study will be the students from the Senior High School of
Liceo de Cagayan University-Main Campus. The respondents will be coming from different
strands of senior high school department which are (STEM) Science Technology &
Humanities & Social Sciences, (COALITION) which consist of (ICT) Information Computer
Track.
The demographic profile will be gathered according to their gender, allowance, and
according to their demographic profile, as well as the factors that affect their behavior on
Also, this will be determined where their money goes when grouped according to
Personal and Educational, under the personal are entertainment, leisure, basic needs, and
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beauty products and for educational we have educational needs such as printing, photocopy,
etc. And transportation will determine the significant differences among the students on their
spending habits.
This study will be conducted on the main campus of Liceo de Cagayan University.
The study will no longer extend its geographical area where the study is conducted, it will be
only inside the main campus outsider students will not be part in conducting the research.
In various way every study has its own importance and imlplications. Earlier, the
importance of critical thinking which result to a good decision when it comes in spending
habit. This study will serve and give the readers a number of purposes. The researchers
Students. Particularly the object earning and direct benefactors of the advantages of
the study. They would be more aware of thier interest and more certain of how they want to
Administrators. This study will serve as a reading that will enable them to work with
teachers in helping the students in decision making by spending thier money. It will also help
them conducting seminars in alignment with decision making to give knowledge to every
able to give appropriate recommendation regarding the students spending habit. They also
one of the impotant factors in the realization of students goals and vision.
Parents. The research aim to help the parents undertand their child endeavors. They
would be also innovated to work an support the teachers in giving assistance to their children.
Moreover, they will be informed the great role, they play in fostering decision making
towards money/allowance
Definition of Terms
BASIC NEEDS. Refers to the teenagers differemt neeeds in every day living. That
includes thier personal traits , school matters and others. This would allow the studentsnto
BEAUTY PRODUCTS. Mostly only girlls can relate on this. This are the things
wherein they buy something that can paint thier selves or a product that might help them to
be more beautiful and attractive. Usually, they brought these things from distinguish
body of being a students the needs education. Educatinal needs are the things that can help
the students to perform in class and to help the students to be productive at school.
might be through watchimg moviein in malls or it may be in he internet and mobile phones,
also it it could be in some waythat can make the student satisfied and entertained.
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ELISURE. It is the things that makes the students entertaind in other way like
levels whoch is high, middle, and low to describe the three places a family or an individual
may fall into. When placing a family or individual into one of these categories, any or all of
GENDER. Either of the two sexes (male and female), especially when considered
with reference to social and cultural differences rather than biological ones. The term is also
used more broadly to denote a range of identities that do not correspond to established ideas
Chapter 2
In everyday living, people make a variety of financial decisions about spending their
money, especially among the younger generation. According to the Social Learning Theory,
Spending conduct has never been steady. In contrasts starting the one era then onto the next.
The study of Alex Diaz de Rivera (2014), shows the big pack of students allowance., that
50% will go to the everyday needs of the students. Hence the student's expenses are directly
blended to their resources. Being wise will lead them to improve available resources and
reduced the financial problem during education. however, in some cases, students spend
their money in terms of clothes, accessories, room and board, tuition fees, school supplies,
assignments and projects, gadgets and other personal expenses that lead them to take
decision making inline in the financial matter that would result in better planning and
management for education and life events. Moreover, the students in the university take a
hand to hold a high level of personal financial responsibility. Together with appropriate
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guidance, these students face more financial challenges and meet more financial challenges
As they get older, as they become more conscious of the product, youth can invest
more of their cash on entertainment and lifestyle.In addition, according to the global youth
board, a study of consumer spending habits around the world was undertaken to recognize
factors that influence the decision-making process of teenagers (Norvilitis and Maclean,
2010). In the othe study (OECD, 2011) The outcome shows that the effect of young people
subsequently, by young people. Therefore, in adulthood, they are also more likely to bear
more financial risks, notably in saving and planning. In a study by Schreiber as cited in karki
(2000), there are five criteria that must be taken into account when studying consumer
many study studies have indicated the age and compulsive shopping were strongly rel
ated to each other in relation to the younger customers. it is also shown that when there is im
pulse and compulsive purchasing condition then the younger customer are the response (Sub
hani et al., 2011). This unique behaviour is due to their impulsive inclination towards
unrestrained capacity towards the advertising and marketing practices that surround them. On
thier actions, they don't have much self-control. In collectivist cultures it is possible to see
less compulsive buying / spending pattern than individualistic cultures (Kacen & Lee, 2002).
With the increase of standard livong, hthe young have been empowered with more
purchasing power. Lusardi & Mitchell (2011) states that the global market place increasingly
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risky and becoming more valuable day by day. One of its implications include rising cost of
goods and services. Wherein student’s expenses are directly associated to thier resources.
However students spend their money accordingly to their personal traits that lead them to
take the responsibility for decision making as they spend thier money.
Spending and saving habit of the youth in the city of Indore were studied and
addressed the question of why, where and how the youth spend?. The youth referred to here
are of the age group 14-30 years. The west depicts this youth as financially and emotionally
free; but in India case is not the same. Despite being fenancially dependent on the parents till
about the age of 25-16 years, there is a radical difference observed in the spending behavior
of the youth in their country. The study includes that there is a huge influence if peer group
in the yout below 19 years while making purchase decision. This is more so in the smaller
age group i.e. for respondents below 15 years and those in he age group of 15-19 years. With
the maturity of the respondents this influence of friends associate degreed family decreases
and he/she depends a lot of on evaluating products/services options and characteristics and
thence makes an freelance call. A different was also observed on the gender wise purchase
behavior and thier saving habits. The youth conjointly doesn't believe a lot of in saving and
believes in payment a lot of on diversion, gadgets, intake out and private grooming
Chapter 3
METHODOLOGY
The methodology and strategies will be described in this chapter that will be used by
the researchers in this study. The place or location to which the study will be conducted, the
process acquire and organize data. In the process, the respondents and sampling procedures,
the researchers and the instruments that will be used in processing and obtaining the data.
Research Setting
The area of the study is only located within the main campus of Liceo de Cagayan
university, Main campus. The Research exact setting is located in Rodolfo N. Pelaez
boulevard, kauswagan road, Kauswagan Cagayan de oro city, 900 misamis oriental,
Philippines.
Research Design
The researchers use the descriptive coralation research design. It answer who, what,
when and how the question is related to the study. It seek to answer the questions in the
study.
In this study the researchers will be using the Stratified Sampling Procedure. This
sampling procedure is the most effective method inline to the study that is conducted by the
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researcher in determining the respondents which will be getting a sample from the general
population of senoir high school students in Liceo de Cagayan University. The respondents
Research Instruments
Instrument 1. Questionnaires
The questionnair is used in the survey. The purpose of the questionnaires is to gather
information. The researchers use close ended question that shall be answer by the
respondents. The instrument that will be use in gathering the data is adopted from a related
study of Abhijeet & Umesh D. (2014). The qeustions in the questionnaires consist by
Research Protocol
To ensure the quality and reliability of research findings, the Senior High School student
1. The researchers will seek approval from the adviser after careful assessment
2. The High school principal will approve the schedule for the defense of the
Application From and submit it to the office of the Vice president for Research,
4. The Associate Director of the Research and Publication Office reviews the
proposal and Research Ethics Form for compliance with the University format
and guidelines. The research ethics from shallbe forwarded to the Vice President
for Research, Publication, and extension for further review and approval of the
5. The researchers will write letter to secure permission from the College
6. The researchers will secure the respondents’ consent to participate in the study.
Moreover, the respondents will be assured that all their responses should be
7. Provision of the final manuscript. The researchers will provide the adviser copy
or the manuscript for the assessment and review of the quality and relevance of
Coordinator then meets with Principal of for the scheduling of the paper
presentation.
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9. After the final paper presentation, the researchers shall incorporate all the
10. After the final paper presentation, It will be submitted to the office of the Vice
Grammarly Tests.
11. The researcher will be forwarded the final paper to their assigned editor. After
incorporating all the corrections, the research shall submit the final paper to the
adviser and Research Panel for signature and approval for binding.
12. The researchers shall submit the soft bound copies and electronic copy their
final paper to the Research Teacher/ Adviser. The Teacher/ Adviser shall
The researchers initiate a letter to the university for the assurance in conducting the
data gathering in every strand and classrooms in different strands. The letter will be signed
by the principal, academic chairman, and the research adviser. The data gathering will be
conducted on the first week of december initiated by the researcher. The team will disiminate
the question into the 4 strands in a fix schedule, the respondents will recieve the instrument
and answer all the questions in the material, the team will collect all the answered
questionnaires. The data that will be collected will be checked, tallied, interpret and analyze.
Statistical Technique
Two hypotheses were made in this study and hypothesis testing was done using One-
way ANOVA and Independent Sample T-Test using IBM SPSS software.
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Reference
s
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APPENDIX F
CURRICULUM VITAE
2x2 picture
executive look
Name:
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Address:
Email Address:
ORCID no.
Name of Father:
Name of Mother:
School Graduated:
Elementary
High School
College
Membership:
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