BUDGET MANAGEMENT PRACTICES AMONG THE

SENIOR
STUDENTS OF SAN JOSE TECHNICAL HIGH
SCHOOL
Budget Management is a spending plan based on income and
expenses, in other words, it is an estimate of how much
money you will make and spend over a certain period of time
such as a year, month. The purpose of a budget is to plan,
organize, and improve your financial
situation. Financial management practice is referred to the
individuals’ behavior and perception on how well they
manage their finances. Therefore, in order to resolve their
financial issues, students in san jose technical high school need
to learn more about money-saving techniques and acquire more
experiences to develop into sensible spenders.
Many students are facing hard financial times. Poor budget
management also happened to students who do not have
discipline in their budgeting and spending money. they fail
to do the management and flow their money. They do not
have the skill to manage their own money. Students make the
decisions on how to budget their money rather than spend it
on their daily needs for academic purposes. Decision making
can help students to budget and manage their money or
allowance. Many students are living on the edge of financial
crisis and many of them do not possess the knowledge needed to
manage their money.
Various difficulties and suppositions currently confront
students. one of the the toughest obstacles they must overcome
are financial ones. Now, tuition and living expenses as a result
of national inflation. This is due in response to the rising
expense of living, particularly for students who have not yet
entered the workforce.
The poor knowledge about budgeting skills and spending
money was one of the problems for parents, as well for the
students.
Joe in his article consequently, financial management
is mainly concerned with effective fund management. In line
with this, effective financial management behavior should
improve financial well-being positively and failure to
manage personal finances can lead to serious long term,
negative social and societal consequences.
Joe. (2008) financial management
is mainly concerned with effective fund
management.www.studocu.com%2Fph%2Fdocument
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In Tasmania, the financial problem in this report refers to
the difficulties faced by international students to maintain
their basic expenditure (books, accomodation, transportation
, food etc.) due to insufficient financial resources. This may
be caused by their poor money management, lack of money
and support as well as inappriopriate spending habits.
Falahati and Laily assert that "financial problem is failure to
manage expenses."  Furthermore, Kerkmann et al. (2000), a
financial problem arises when the available resources are
insufficient to match the demand. For instance, the inability to
fulfill obligations and to purchase necessities of life.
Falahati and Laily (2012, p.311-326), Falahati and Laily (2012,
p.311-326),https://www.studocu.com/en-au/document/university
-of-tasmania/academic-culture/financial-problems-international-
students-from-different-countries-who-are-studying-at-
universities/1112635
The area of study is Northern Samar in San Jose technical
High school. The study used the survey approach. The
primary source was the administration of questionnaires to
the respondents and students of the selected schools.
In San Jose Technical High School, Students may have
already come across problems on their Financial, Budget
Managing.
This study aims to know the relationship between budgeting
management practices among senior high students in San Jose
technical high school. The researchers conducted this study to
provide information that can benefit the respondents and
students in improving their budget management practices.
Knowing budgeting may be good for the students as they can
be more responsible in how they spend their money.