Republic of the Philippines

Taguig City and Pateros

Signal Village National High School
Ballecer St. Zone 2 Central Signal Village, Taguig City

“UNDERSTANDING THE BUDGETING PRACTICES IN

HANDLING FINANCIAL ALLOWANCE AMONG GRADE 11 –
ACCOUNTANCY, BUSINESS, AND MANAGEMENT STUDENTS
IN SIGNAL VILLAGE NATIONAL HIGH SCHOOL”

A Research Paper Presented to the Senior High Department

at Signal Village National High School

In partial fulfillment of the requirements in the subject of Practical

Research 1 in Senior High School

Submitted by:

Cabanlit, Yesha
De Guzman, Jasmine
Dugang, Lizeth
Franco, Deniel
Lambit, John
Mendoza, Zyra
Norial, Eloisa
Pepino, Emmanuel
Serdan, Sherilyn
Tangtang, Kristine
 Submitted to:
Ms. May-Ann Lanuza
October 2023 PAGE 1

CHAPTER I

THE PROBLEM AND ITS BACKGROUND

INTRODUCTION
Most individuals today depend on money to survive, and among them are one of
the things that students needed the most daily was money. Spend on things like
food, transportation, wants, and school expenses. Additionally, they want to
follow trends and purchase anything they desire while still being students and
members of the Generation Z. Additionally, students are required to pay for
anything they receive in their allowance. Students have the tendency to spend
their allowance on what they want rather than what they need and that is one of
the reasons why they can't manage their allowance effectively.

Being able to manage your own finances well is crucial for young people as they
begin to live independently in today's economy, which is changing quickly.
Because students frequently get an allowance to cover their everyday
expenditures and spending money, high school is a crucial period to learn about
money. Students in Grade 11 at Signal Village National High School who are
concentrating on courses like accounting, business, and management have a
unique challenge among the range of classes available in high school. They
must learn how to balance the demands of their academic workload with
sensible money management.

Students often receive their money once each week, frequently on Mondays, to
meet their weekly costs. However, there are some circumstances where
students may get their money every month or even every day. Teenagers
receive this money, sometimes referred to as a "allowance," while they are
enrolled in school. It is intended to assist individuals in making purchases of the
goods they require and desire.
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Being smart with your money means you have good money management skills.
Making decisions about what to buy, setting aside money for the future, and
possibly investing it to expand it are all involved. Every student can benefit from
learning this, and doing so will help you manage your finances effectively.

This study is focused on the Grade 11, ABM students at Signal Village National
High School in relation to their practices on how to budget their limited
allowances. In this study, we aim to install the importance of budgeting and its
impact on the everyday expenditure and savings of the student/s. We aim to
make recommendations based on the broad experiences of the herein
respondents and encourage them to practically apply all the best practices.

Additionally, this study aims to understand the Budgeting Practices of Grade 11

ABM students by gathering relevant ideas and practices based on the amount
of the allowances they received and how frequent they receive their allowances
including the manners of their spending.
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BACKGROUND OF THE STUDY

In the 21st Century, budgeting the allowance is difficult to handle. A lot of

necessities need to be provided, and as a Senior Highschool Student, the
allowance given by our guardians are not enough to fulfill it. It is essential for
students to have their own budgeting practices. Along the way having our lives
every day, food and other important essential needs are the most priority
because health is our shield to deal with those diseases or for the hard work
that researchers do. Budgeting practices are our thing to hold out in our hands
or to apply to our lives every day since our generation today is so social, more
focused on money on how that deal with wants since the wants of individuals
were so hard to stop or to prevent especially the students who think a lot of
artifice.

The importance of budgeting practices for Grade11 ABM Students is to achieve

carefulness in handling their allowance. It is essential for Grade 11 ABM
Students to know what budgeting practices suits the best in using their money,
this helps us to investigate how student manage their money wisely. There is a
lot of factors to understand the budgeting practices of ABM students, senior
high students tend to experience contributing money for school purposes, in
food these students consume, for the studying materials they need to avail that
is require as an ABM student of SVNHS, etc.

Researchers aim to identify the key factor in budgeting financial allowance of

Gr.11 ABM students that influence how they budget their allowance in everyday
that they encounter as a Senior High Students, including allowance (daily,
weekly, monthly). The study will investigate how students budget depending on
how they are given their allowance if it is daily, weekly, monthly, and how it can
differ on one another. The study will also investigate on understanding of
budgeting practices purposes and how it would help students in budgeting their
financial allowance to suffice on every student expenditure for school purposes.
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The result of this study could help students to identify what budgeting practices
suits better for their allowance given by the person that provides their allowance.
It could also help other students to know what the best budgeting practices is to
suits their allowance. This could contribute to students’ knowledge in handling
their financial allowance.
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THEORETICAL FRAMEWORK

The following theories listed below will help the researchers to understand why
respondents budget their limited money:

This study is anchored on the Theory of Personal Budgeting by Simone Galperti

(2019). In this theory, it is suggested that consumers use personal budgets to
manage self-control problems, frequently generated by current bias which
somehow interferes with their saving goals. It describes the delicate
mechanism, their interaction with minimum-savings regulations, that makes a
budgets useful commitment.

This study is also based on the “Rational-Choice Theory” by Adam Smith

(1776). This theory simply states that individuals employ logical calculations to
make rational decisions and arrive at results that are in line with their own
personal goals. Given the restricted options available to them, using rational
choice theory is anticipated to provide results that give people the maximum
benefit and happiness.
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CONCEPTUAL FRAMEWORK

This Framework is made of three components; the input which defines

the research, the process that depicts the steps taken, and the output that is

the amalgamation of the research.

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STATEMENT OF THE PROBLEM

Understanding Budgeting practices and money management are

important skills for us especially since we, Grade 11 ABM students
are entering adulthood.

This study aims to understand the budgeting practices of Grade 11

ABM students in handling their financial allowance. This study

seeks to provide an answer for the following questions:

1. What factors influence the budgeting practices of Grade

11 ABM students.
2. What are the common budgeting practices among grade
11 ABM students when managing their financial allowance.
3. How does the students handle their financial allowance in
terms of:
3.1. Daily Allowance
3.2 Weekly Allowance
3.3 Monthly Allowance
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SIGNIFICANCE OF THE STUDY

This study must be conducted to find out the budgeting factors of

budgeting practices of Grade 11 Accountancy Business
Management students. This study is beneficial to the following.

TO THE STUDENTS

The importance of this research study is to notify students on

how they will practice their financial allowance provided by their
parents and help them to apply it to their daily lives. Considering the
method by which students budget their allowance for their
expenses.

TO THE PARENTS

This research will help the parents to notify by knowing how

their children manage the giving financial allowance properly and
apply practices for how they will expend the money for school
expenses and to learn more about what and how their child spends
their money.
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TO FUTURE RESEARCHERS
Future researchers can use this research as their guide to
attain more information. This research will be useful for the
researcher's background of information and provide them additional
knowledge as well as letting them gain some information that may
be required for future study.
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SCOPE AND DELIMITATION

This study focuses on the budgeting practices in handling financial

allowance among selected Grade 11- ABM students at Signal
Village National High School, for the School Year 2023 -2024. The
data collection will be conducted with selected ABM students at
Signal Village National High School, who will represent the
population. This study will cover the best practices for handling
financial allowances. The respondents will be invited to an interview
to answer some questions from the researcher. The result of this
research will be applicable only to the respondents.
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 PAGE 13
DEFINITION OF TERMS
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