This chapter reviews the related literature and studies that support and validate the

results of this research. This in-depth analysis was anchored by the researcher to numerous
viewpoints and perspectives to present a comprehensive analysis of the issue. Concepts,
findings, theories, and suggestions from academic studies and articles about online games and
To give a complete background, the lived experiences of online gamers are discussed.
to the investigation and to aid the goal of the researchers. This research also offers a
synthesis of relevant research, which may then be verified, disproved, or improved by
the fresh information that this study has produced.
as reported by Telegraph Co. UK, 2007: The annual Budget was a relatively recent invention in historical
terms. However, it has its roots in centuries of financial mismanagement by monarchs. An annual
Budget did not start to take shape until the early 18th century. The term "bougette," a wallet in which
money or documents could be kept, is where the word "budget" first appeared. The term was initially
only used to describe the Chancellor's yearly speech on the state of the nation's finances, but it soon
came to mean any financial statement or plan. Additionally, according to Cleverism (2019), planning
skills are the capacity to consider and effectively manage activities with the aid of any resources
accessible in order to achieve specific goals.

According to Chen & Volpe (1998), it is also demonstrated that people with less knowledge tend
to adopt incorrect beliefs and make bad choices in the areas of saving, borrowing,
additionally to investments. This is typical of students, but
Various initiatives have been made to introduce these people to budgeting courses.
Get them out of that awful box. Senior high school students must develop the discipline of budgeting.
Nevertheless, it cannot be learned by participating in a forum, a unit of economics coursework, or
overnight. However, when people are unable to manage their money, it becomes a society's problem.
a problem that needs to be solved (Chen and Volpe, 1998)

According to Godfrey (2013), an allowance is not a salary or an entitlement. It served as a tool for
teaching budgeting. Money was given as an allowance. Students needed a place where they could save
money for their wants or basic needs. Allowance also serves as a salary that must be divided between
the needs of the students and school expenses. In addition, budgeting was one of the most important
aspects of effective money management, according to Miriam Caldwell (2019). The simple term budget
frequently turned off a lot of people. They connect it with limitations, a lot of work, and headaches.
They might think they're too broke to make a budget or have other justifications.
This study seek to know the awareness of senior high school student in budgeting their daily
allowance. The researchers conducted this study to provide information that can benefits the
respondents and students in improving their skills about budgeting. Knowing budgeting maybe
good for the students as they can be more responsible in spending their money wisely.

Everyone needed to learn how to make a budget, but it was especially important for
students who had a tight budget to support their wants and needs for their own interests. A
budget is a strategy that outlines all of your monthly cash inflows and outflows, according
to Ryerson (2014). It is a snapshot of your assets and your anticipated or planned
spending, which can help you recognize your spending and saving patterns and reach your
financial objectives. Budgeting is the most important component of a financial plan. The
amount of money someone has is not a reflection of their income, but rather of how
effectively they manage their spending. You must be aware of where your money is going if
you hope to manage your finances well. Despite appearances, Budgeting protects you from
financial hardship in the future and a life of debt; it is not difficult, complicated, or a drag on
your happiness.

Making and sticking to a budget is one simple step that everyone can take to improve their
well-being and financial security, per [CITATION ONe17 l 1033]. Unfortunately, many
people have a very negative perception of the word "budget." Similar to the word "diet,"
people evoke up the three Ds (denial, deprivation, and don't) or the three Cs (cut back, cut
out, and can't).

Utilizing your budget to increase your future financial security is among the best ways to
look at it. The budget is a blueprint for anticipated income and expenses, as well as the
savings necessary to meet financial objectives. The ability to set "guardrails" for spending,
achieve financial goals (if savings are included as a fixed "expense"), and enjoy peace of
mind are all advantages of budgeting.

As expressed by [ CITATION Mie15 \l 1033 ] Failure in managing an individual’s finance

can lead serious long-term consequences not only for that person but also for enterprise,
society. So, in recent years, researchers have become increasingly concerned with how
people manage their personal finances. Personal financial management is described in the
study by Deacon and Firebaugh (1988) as the collection of actions taken in relation to the
budgeting, credit, investments, insurance, retirement, and estate planning processes.
Accordingly, Xiao and Dew (2011) consider personal financial management in terms of
managing cash flow, credit, savings, and investments. In numerous studies conducted in
Vietnam, only one aspect of financial management behavior has been looked at.

(Gries and Ha, 2014), or saving (Nguyen and Lai, 2013; Vuong and Nguyen, 2013).
However, because each area of financial management behavior is crucial, it is crucial to
measure a wide range of it (Xiao and Dew, 2011). Domains of financial management
behavior are important because each domain plays a significant role, and this study builds
on earlier studies to identify factors that influence financial management behavior
generally (Xiao and Dew, 2011). This study builds on earlier research by discovering
factors influencing financial management behavior more generally.