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Vol. 1 No. 1 (2019): Ascendens Asia Singapore – Bestlink College of the Philippines Journal of
Multidisciplinary Research Abstracts, Vol.1, No.1, March 2019
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Articles

Practical Spending Scheme in Allowances and its


E ects on the Financial Management of Grade 12
ABM Students in Bestlink College of the
Philippines School Year 2018-2019

Charlie May A. Dela Peña

Jolina Boholst

Trixia Guerero

Jayson Maloloy-on

Noly Suico

Crystel-Joy S. Tamon

Keywords: practical spending, allowances,


nancial management

Abstract

Budgeting is important to the students'


nancial stability, ensuring the students to
Published
pay common expenses at school. Smart
2019-04-01
goals are speci c enough to suggest
action, knowing that having excess money
is important to have something in an How to Cite
instant. Budgeting strategies will cover Dela Peña, C. M. A. ., Boholst, J. ., Guerero, T. .,
unusual expenses and changes that may Maloloy-on, J. ., Suico, N. ., & Tamon, C.-J. S. .
(2019). Practical Spending Scheme in
happen while the students are at school.
Allowances and its E ects on the Financial
Budgeting a ects the practical spending
Management of Grade 12 ABM Students in
scheme of student allowances and other Bestlink College of the Philippines School Year
aspects of expenses whether in internal 2018-2019. Ascendens Asia Singapore – Bestlink
College of the Philippines Journal of
expenses or external expenses. A
Multidisciplinary Research, 1(1). Retrieved from
Quantitative method was used in the
https://www.ojs.aaresearchindex.com/index.ph
study. Using a descriptive research design, p/aasgbcpjmra/article/view/1051
it focused on the assessment of 50 Grade
More Citation Formats 
12 ABM students. There were four
variables identi ed to be a ected by
budgeting, such as School Performance,
Issue
Project Materials, Food, and
Vol. 1 No. 1 (2019): Ascendens Asia
Transportation. Data were collected by Singapore – Bestlink College of the
distributing questionnaires to the target Philippines Journal of
respondents through purposive sampling. Multidisciplinary Research Abstracts,
Vol.1, No.1, March 2019
The results of the study revealed that
Practical Spending Schemes in Allowances
Section
a ects the Financial Management of Grade
Articles
12 ABM students in terms of the aforecited
variables. (1) School Performance -Practical
Spending Schemes help the students
improve their performance at school and
be active in di erent activities. (2) Project
Material -Practical Spending Schemes help
the students decide using recyclables
rather than expensive materials just to
present their projects. (3) Food –Practical
Spending Schemes help the students eat
healthy foods and know that having a
packed lunch will help them have excess
money. (4) Transportation -Practical
Spending Schemes help the students be
more comfortable at di erent
transportation and be in time at their
school hours. The results demonstrate the
need for the Teachers and School
Administrators to monitor the expenses of
the project and other expenses in di erent
activities in Bestlink College of the
Philippines. They should also monitor the
prices of food in the canteen so students
can a ord them. Students must also
attend seminars that will help them know
the signi cance of budgeting their
allowances. Parents should know rst the
expenses of their children before giving a
proper allowance for them to have an
e ective budgeting strategy.

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