The disquisition on grade 11 allowance spending

behavior on a weekly basis

this study aims to know the spending behavior of grade 11 students. The findings of this study
will become a basis for them to practice appropriate budgeting strategies. This shall become a guide
for those who are not money literate.

Statement of the problem:

1. How do the participants budget their allowance?

2. What are the factors that affects students allowance spending behavior?

3. What are the problems encountered by the participants in spending/budgeting their allowance?

4. How may the problems encountered be addressed?

Interview Protocol:

1. Tell me about yourself?

1.1 How much is your weekly allowance?

1.2 Who gives your allowance weekly?

1.3 Have you had to control your budget before?

1.4 Is your allowance adequate?

 If yes, how do you say so?

 If no, why?

2. Can you give us some insight on how you budget your allowance per week?

3. What are the things you usually buy from your allowance?

4. What are the things you consider in budgeting your allowance?

5. does the price of the item affect your spending habits?

6. If having excess, where do you put or use your extra money?

7. What are the problem you’ve encountered in spending your allowance?

8. How you cope with the problems you encountered?

 Chapter 1

THE PROBLEM AND ITS BACKGROUND

INTRODUCTION

As stated by the MONEY COACH budgeting is the process of creating a plan to spend
your money. This spending plan is called a budget. Creating this spending plan allows you to determ-
ine in advance whether you will have enough money to do the things you need to do or would like to
do. If you don’t have enough money to do everything you would like to do, then you can use this
planning process to prioritize your spending and focus your money on the things that are more
important to you. The moral of budgeting is to help yourself keep track of the things you spend on,
the more you know about budgeting the more wise you’ll become. Becoming more money wise
means you’ll be in control of how you spend your money.

Since budgeting allows you to create a spending plan for your money, it ensures that
you will always have enough money for the things you need and the things that are important to
you.l following a budget or spending plan will also keep you out of debt or help you work your way
out of debt. the essence of budgeting is to know how much you’ve spent. So many people including
us researchers don’t know how to budget, some of the grade 11 students don’t know how to budget
with some proper guidance people will get even more literate towards money.

In the present age cash is the most valuable thing to have, continuous increment of value
influence people spending plan where the consumer buys items/services. Where in today’s generation
everything has a price. Money is a privilege most people cannot afford. Money is the epitome of
society, where money is considered the most valuable item you may posses,
 Money can be defined as anything that people use to buy goods and services. Money is what
many people receive for selling their own things or services. Money is also called a liquid asset used
in the settlement of transactions. It functions based on the general acceptance of its value within the
governmental economy and internationally through foreign exchange.

A large portion of the things you do includes money related installments, in the present age
everybody doesn't have the privilege to afford the cost of what they need because of the price. With
today's prices people frequently find it difficult to maintain their needs partly because of the inflation
or their budget. Because of the prices people tend to purchase products that are low cost and
affordable for everyone, since the item is low cost the quality of the product will be affected.

With the constant inflation of prices, budgeting for students became harder for them to
manage their money. Since the student’s allowance depends to the income of their family, not every
student has the same amount of allowance given to them by their parents. And with the unique
prices of each and every item in the market it makes it harder for student to satisfy their needs. Even
student nowadays wants to satisfy their wants, they still manage to fit those amenities to their tight
budget.
 It’s a mystery how these students balance out their budgets to satisfy themselves, which one
outweighs the other their wants over their needs or the other way. How they make their decisions
day by day, what comes to their minds when they make their decisions regarding the management of
their budget. Hopefully, the researchers may learn a thing or two when confronting the respective
respondents and from the results of this research.

In some cases most people can’t afford what they actually need because of the unusual prices
of the items. Sometimes it’s the price of the item or the budget that they have that’s stopping them
from purchasing the item but sometimes it’s both. Well budgeting doesn’t come naturally to many
people. Budgeting your money means having a grasp on how much you’ve spent and how much you
have left.

Students spending behaviour varies everyday it depends on their moods. Sometimes it’s the
factors that affect the students on how they purchase an item. They might buy a product today but
tomorrow they might not. It all depends on the factors that affect his/ her decision making, some of
the students that have bigger allowances than others doesn’t find it harder to budget their money, on
the other hand students that have small allowances are more prone to be more vigilant on their
spending.

Assumptions
Participants
This participants will show what students are doing with their money and how they will spend it
whether they buy it because they need it or because they just want it. We will also see here how they
use their allowance and how they handle their allowance per week ang how they save money. What
are the ways they using to manage their allowance.

Data
Can be used as a basis on how we can help to students who has struggle on how they manage their
money. It can be used a student to guide and to help them manage their finances and to save
money. This also teach on how Is the right way to manage your money.

Problem
What are the problems facing the students in spending behaviour. Why their allowance is failing
because they are not properly manage or inadequate. Whether they are influenced by their friends
to buy things whether they need it or not or they are just spend it right away. Another problem is the
cost of goods such as food, transportation and school supplies. Parents can' t give enough money for
their children. Sometimes they can't stop buying things that they don't even need.

Result
When money doesn't go well and if you have things (things you need or wants but not useless thing
to waste your money) you would like to buy you may not be able to afford it and you are still asking
your parent instead of just getting the money you save. And if you manage your allowance you can
save money and you can use that money if your money is running out or not enough. and when you
manage properly and you save money, you can use it for the requirements you need like printouts,
copy, or school fees of around 10-50 pesos, you save money and you helped your parents save and
they no longer pay on the simple requirements you need. But if you not manage your allowance you
will not able to pay that simple requirements you need you have to ask your parent to give you
money.

Scope and delimitation

This study focuses on disquisition on grade 11 students allowance spending behavior on a weekly
Academic year 2019 - 2020.

The respondents of study are from the Grade 11 students have a weekly allowance. Each of the
respondents will be given a questionnaire to answer. In order to assure how grade 11 students
budget their allowance. This is used to estimate the money of grade 11 on where and how they
spend their money and manage their allowance.

Locale of the study

The study was conducted at Mystical Rose School of Caloocan Inc. The respondents will be
interviewed in school or any comfortable place.

Significance of the study

According to Merriam - Webster dictionary budgeting is an amount of money available for spending
that is based on a plan for how it will be spend and According to Collins English dictionary allowance
is money that is given to someone, usually on a regular basis, in order to help them pay for the
things that their need. Nowadays, it's undeniable that our allowance have a huge amount compared
to the past generation. These are the factors why this happened in our generation because of
increase of some school-related goods, mode of transportation, school fees. This study focuses on
explaining the disquisition on grade 11 students allowance spending behavior on a weekly. Moreover,
the result of the study will be beneficial to the following:

●Students

The result will provide the students with some knowledge about how to manage/budget their
allowance properly.

●Parents
Parents will able to know if their child's expenses are exact, inadequate, or too much to adjust how
much they will give a exact allowance for their child.

●Teacher

Will able to help or teach the students how they budget properly their allowance on a week.

●Future Researcher

The future researcher also gain significance in this study. It may serve this as their guidance to
gather information and it may serve them as a building blocks to have a bigger study.

●The Researcher

The researcher also gain significance in this study. They would improve their skill, strategy and
knowledge about this study and engaging research.

Definition of terms

●Allowance

Allowance is money that is given to someone, what on a regular basis, in order to help them to pay
for the things that their need.

●Budget

Is an amount of money available for spending that is based on a plan for how it will be spend.

●Manage

To control or organize someone or something

●Money

Is an economic unit that functions as a generally recognized medium of exchange for transactional
purposes in an economy. Money provides the service of reducing transaction cost, namely the double
coincidence of wants.

●Spending
The act of giving money for goods and services.

●Behavior

The way in which one acts or conducts oneself especially towards others