1

2
3
 CHAPTER 1

THE PROBLEM AND ITS SETTING

Background of the Study

Allowance is money that are given within time period (weekly, monthly,

yearly) parents or the guardian for educational needs (Vhalery., et al 2018).

Allowances teach children decision-making, freedom, responsibility, and value, while

also teaching saving and budgeting.

Every students learn to value money ones they receive their own allowance.

The amount of money that parents gves to their children is a money to spend on what

they want which differ from family needs. Allowance can give to their children a

chance you experience the things what they want to do. The students may spend they

all allowances soon after they receive it. If they do this, they will learn the hardway

that spending money must be done within budget. So that young people need to

understand that their every cost that they spent is important. “You have to cut cost and

plan for the future”. , quoted by VOA Learning English. They tackled about ‘How an

Allowance Helps Children Learn about Money” , it says that savings help children to

understand that costly goals require sacrifice. It mean young people need to be wise in

spending money.

According to the study funded by IJESC un 2018 managing students’

allowance has a significant effect on the student academic performance, and to a new

4
 study led by Harvard, Princeton and Warwick University Scientist, a person cognitive

ability or students’ academic performance directly influence by financial hardship.

Several studies already show allowance management is good if it is combined

knowledge men branches connected to financial literacy. However, some studies are

not clearly enough to explain what factors can influence the allowance because of that

this study try to find, form and explain the factors which are become as a basis for

student that able to do allowance management.

Students on the other hand, learn to save their allowance as they grow and

meet different requirements in school as well as things they want to buy for their own.

Managing their allowance is one of the practical skills that come in useful for them. It

helps them to attain a better understanding of financial matter that would become

handful in their future.

The main purpose of the study is to find the answer from the respondents on

what factors influenced on their allowance management and what is the impact on

their academic performance.

Statement of the problem

This research will address the gaps by investigating the factors influencing of student

allowance management and its implications on students’ educational outcomes.

Specifically, this will seek answer to the following questions:

1. What is the allotment of allowance in terms of:

1.1 Transportation

1.2 Food

1.3 Luxury and Leisure

5
 1.4 Projects

1.5 Savings

2. Do the students live by their own budget?

3. Is there`s a relationship between factors influencing student allowance management

and academic performance?

Scope and Delimitations

This research study is limited only 30 students in Bato Rural Development High

School in first semester of S.Y: 2023-2024. The respondents to be selected is limited to 5 five

only in each strand in grade 12. The method of the researcher will be used in collecting

information will be through questionnaire. This will be used to evaluate and estimate the

amount of money they spent every day, on what re the factors that influence the management

of the allowance and what is its effect on academic performance.

Significance of the Study

This study will be able to contribute research-based data and knowledge on the

possible effects of managing students allowance managing student allowance to the academic

performance of selected grade 12 students in BRDHS. Furthermore, the society in general

can make informed decisions that are relevant to this area.

The researcher also firmly believes that the finding of the study of the study will

benefit the following:

Students. This study may assist the students in assessing their budgeting and spending

practices. Student will also benefit with knowledge school allowance and how it manages.

It will educate student that school allowance cam be encouragement for them to stay focused

on the studies. This will enlighten them about where other students spend their money. In

6
light of this information, this study can teach them to how to manage their allowance

properly. It enhances the student awareness as the importance of managing an allowance.

Teacher. One of the variables given is that is usually given by teacher. This study has

significance to them to know, the allowance managing / budgeting practices of the students

regarding to the project. The sum that the students give up or practices of the students.

Parent/guardian. This study may assist parents/guardian by giving insight and information

on the allowance they give to their children, as well as how and where they normally spend it.

This study can enlighten them about how much allowance is appropriate for their children to

use for academic needs.

Researcher. The study itself is significant to the future researcher an idea in order to perform

well, in school, we will learn about self-determination and managing school allowance. Also,

it gives awareness and a chance to inform the users of research, on from the variable;

Transportation, Luxury, and Project affect the students on their allowance managing

practices.

Definition of terms

Factors - a circumstances, fact, or influence that contributes to a result or outcome.

Allowance - is an amount of money given or allotted usually at regular intervals for a specific

purpose.

Management - is a distinct process consisting of planning, organizing, actuating, and

controlling performance to determine and accomplish the objectives by use of people and

resources.

Academic performance - is the measurement of student’s achievement across various

academic performance.

7
Definitions of terms

Factors – a circumstances, fact, or influence that contributes to a result or outcome

Allowance – is an amount of money given or allotted usually a regular intervals for a specific

purpose

Management – is a distinct process consisting of planning, organizing, actuating, and

controlling performance to determine and accomplish the objectives by the use of people and

resources.

Academic Performance – is the measurement of student achievement across various

academic subjects.

Chapter II

REVIEW OF RELATED LITERATURE AND RELATED STUDIES

This chapter gives recognition to the concepts and theories of financial budget

planning or Allowance Management and control from different books and references which

the researchers used to provide supplementary information. Review of related literature and

studies, foreign and local was conducted for the achievement of goals and completion of the

study.

Review of Literature

The importance of money for students is that it can help them learn how to be

responsible with their finances. When they are young and just starting, they must learn how

to manage their allowance. The importance of money management for students will also help

them in the future when they are adults and need to support themselves. Money management

can also help students stay out of dept. If they are careful with their spending, they can avoid

financial trouble.

8
 Other than that, students need to understand that are financial behavior will effect

their future. Students should empower their financial planning. They need to plan and budget

their money on specific things with priority by differentiating their needs and wants. Students

nowadays are lacking of financial awareness and financial planning concepts (Joyce K.H.

Nga,Lisa H.L. Yong, and Radhakrishnan D. Sellappan 2010).

Good money management skills are the process of budgeting, savings, investing,

spending the cash usage. Though it is not something we are born with, they are acquired over

one`s lifetime through ,amy successes and some failures as well. ``An allowance is not an

entitlement or a salary. It is a tool for teaching children how to manage money.”

(Godfrey,2013) Allowance is an amount of money given. It is a need for teenagers where they

can save up for their wants or daily needs.

There is a motion that is working on teaching basic personal finances to high school

students before they graduate. A budget is clearly the key to succeeding financially. Students

think that a way to pay for college is students’ loans, but there are other options like

scholarship, financial air or work options. Some can take investing classes where students can

learn the process of investing and budgeting. As a student there are also other things to spend

on, it can be wants or needs not just school supplies. Most people recommended parents to

have a long-term planning for their teen. (Caldwell, 2017). Giving children an allowance has

many benefits, including teaching them how to make decisions with limited funds and limited

needs, granting them freedom responsibility of money, and helping them understand the value

of money so they can manage it wisely.

A budget and managing an allowance are a quantitative expression of a plan for a

defined period of time. It may include planned sales volumes and revenues, resource

quantities, cost and expenses, assets, liabilities and cash flows. Managing an allowance

9
practice are heavily influenced by the organizations management style and can vary

considerably, but the theory is common to all. Given the relationship between budgets and

planning, readers might also like to refer the Planning and Forecasting topic gateway.

Budgeting is the process of expressing the predicted costs and resources for a planned

course of action over as specified time period. Budget can be drawn up for business units,

department product, teams or the entire organizations. Another term for a budget is financial

plan, but budgets can refer to non-cash resources, such as staff or time.

Budgeting helps all types of organization to plan and control their operations, and to

support their managerial strategies. A budget sets out the benchmark against which

performance will be measured. For example, this might be the minimum profit and loss

performance expected by senior management. Performance against budget may be part of

organizations appraisal system for an individual who are deemed accountable for such

performance. Therefore, budgets are the management tool, to expressed in quantitative

terms because this is the easiest way to prioritize and co-ordinate complex completing

decisions throughout the organizations.

However, budgets may be dismissed as a finance tool because they usually originate

from the finance department and involve numbers. An unenlightened manager might

undervalue their contribution. Budget are often unpopular because of the time and effort

spent on spent on preparing and negotiating them, or explaining variances.

Budgets can include financial indicators such as cash, profit/loss, working capital and

non-financial items such as staff number, orders and volumes of output. Progress is

monitored regularly (typically monthly) by comparing actual performance against budget.

Here budget holders explain significant favorable or unfavorable variances. Budgets variance

described as: The difference, for each cost or revenue. Where flexible budgeting is employed,

10
it is the difference between the flexed budget and the actual value

(http://www.cimaglobal.com).

Budgets are commonly used in large companies which usually have formal and

sophisticated budgetary system. It does not mean however, that budgeting is applicable only

to a large film. The use and importance of budgets in small companies should not be

overlooked.

Management consists of many activities, including making decisions, giving orders,

establishing policies, providing work and reward, and hiring people to carry out the abilities

of management. This was true in many ways of organization in the past. Alternatively,

planning and control may be pushed into the background and become almost invisible to line

workers unless a major problem or failure occurs. Even which the planning effectively

performs the basic functions of planning, organizing, and control management still must all

three functions require participations by all management levels.

Management set goals and objectives and formulate plans for achieving them. The

expected financial impacts of plans are developed and evaluated through budgeting, once

plan is implemented, control

depends heavily, or cost accounting which provides management with reports of actual

production cost, marketing expenses, and administrative expenses. Comparison of actual cost

with those budgeted for control. The reason for significant deviations are then determined a

corrective actions are taken (Carter, 2007).

Good money management directs the firm activities toward the achievement of

organizational goals. In the budgeting process, specific organizational goals for each

segment, as well as the goals of the organizational goals for each segment, as well as the

11
goals of the organization as well as a whole formally established and incorporated in the

budgets (Roque,2011).

Factors that affect the budgeting of students include attitude toward money, financial

management capabilities, and spending habits. Financial management capabilities are

essential for students personal and academic success, as they help in organizing their lives

and managing their time effectively. Attitudes toward money and spending habits can have a

significant impact on relationship, family, stability, and employment success. Lack of

financial management skills can also hinder students’ ability to graduate from university.

Therefore, it is important for students to develop good financial management skills and

attitudes to ensure successful budgeting.

Students manage their money by creating a budget that includes everything.

Student should list out the source of income such as parents’ allowance, part time job, study

loans or any grants. Then, they can map out the estimated expenses for a week or a month

including expenses like food, travel, school supplies and laundry. As a result, they will have a

better picture of their spending money amount per month. Also, there are applications like

mint and spender to assess them in keeping tabs on their online bank account to these

applications. At the end of each month, a summary of a monthly spending amount will be

shown on these applications. On other hand, students can use the spreadsheets to record their

spending if they prefer the conventional method. Nevertheless, students should spend

according to the budget planned beforehand or it would be ineffective. Furthermore, students

can minimize the spending amount to money efficiently. Instead of buying a brand-new,

students can opt for second hand item to reduce their spending amount

Related Studies

12
 Research studies revealed that teachers have a responsibility in the students’

academic life (Alshammari, Saguban, Pasay-an, Alteban, & Alshammari,2017). It also

exposed that even though there are students in school (Rossi,2017). Financial status, parents’

education level, and attendance are the few different elements that influence the scholarly

activity of the students (Jayanthi, Balakrishan, Lim Siok Ching, AbdullLatiff &

Nasirundeen,2014). In order to take initiatives in academic performance of students need to

include efforts and make their selves aware academically for them to develop their academic

performance (Shanzadi & Amhad, 2011). Students are mostly doing recapitulation the tackled

lesson by memorizing the word again by themselves and this may become one of the styles of

learning of the students (Gbolle & Hussain, 2014). The proper utilizing of e- learning could

help students increase their eagerness to go to school and improve their engagement in school

activities especially their beliefs that they can benefit from their experiences and own efforts

because correct answer not only the basis for competence (Hardre, Sullivan & Crowson,

2009).

Persistence could be an advance development that lends student to achieve the

specific online course (Hart, 2012). A study implied that both attitude and self- efficacy have

strong effect on academic achievement (Li, 2012). Student performance can be influenced by

how they are been guided by them teachers and parents considering the learning facilities

(Saeed & Zyngier, 2012). Students; academic achievement is greatly be influenced by what

structure of a home or family they have been raised (MeenuDev, 2016). In addition,

researchers say that the rules and regulation of a school is responsibly important in enhancing

student`s academic rendition (Stanley, 2014).

Parents can teach their children money management where they can set up a personal

savings account for their teen. Depositing clothes and money into account that a teen can

manage while some can help their child in planning their budget monthly that can help in

13
organizing expenses. These guardians can explain to teens how managing money is very

important as if there is an unforeseen event. (Thompson, 2007).

Finding a job during summer may help students save up. Finishing they required

hours for a day will be rewarded with weekly or daily salaries. Employment can provide

valuable experience for youth. It teaches responsibility, develops organizational and time

management skills, and can help youth form good work habits, gain valuable work

experiences, and become financially independent. Youth especially those who are black-

Hispanic, or economically disadvantaged-who have some employment experience while in

school are less likely to drop out than those who do not work during high school. High

School “school-to-career” programs with work experience component can increase the

likelihood of students’ enrolling in college after graduation. (Youth employment; Data Bank

Indicator)

Allowance is a tight budget as a student which means savings up is a must. When

needing supplies for school, old supplies are accepted. Another idea for saving up is asking

for hand-me-down books from older family members. Before buying an item that has a high

price tag students should ask themselves if it is worth buying for. Cutting out vices is another.

These teens can save up by setting up a meal plan. (Villa, 2014).

Everyone should identify their wants and need. Friends are not one`s

inspiration, teens do not have to buy everything their friends has. Save up for a rainy day. Not

only adults but also High School students can have spending plan. Another thing that is

important, one should not spend money that is theirs to avoid any problems. Paying debt is a

responsibility to a person not to mention a teen who is just student. It can affect one`s savings

for the future. (Make your money matter; Your money matters, A guide to your personal

finances).

14
 Adults knows best. Asking help for them about saving money can be a guide. Teens

can use coupons that they see in magazines, newspapers, etc. that can help save money as

well. Knowing how to cook can be a life saver. Teens can save up so much money when they

have their own cooked meal instead of buying lunch at their school`s canteen. Even with a

small amount of cash, you can stretch it out your daily needs. (Ewing, 2008).

Students having a high financial status gain public attention and peaceful surrounding

that would improve their academic achievement (Chandra & Azamuddin, 2003). Researchers

demonstrate that financial status of the students correlates with academic performance (Bath,

Joshi, & Wani 2016). Parents’ educational attainment and socioeconomic status or income is

the factors why students show consistency to their academic achievement compared to others

(Kumar, 2016). Parents and guardian play a big role to the students who are doing well in

school. Parents` socioeconomic status and students finance affect students’ academic

achievement in performing well in school (Suleman, Aslam, Shakir, & Nisa, 2012). The

status of student in the society sees the family income as a factor to consider regarding

socioeconomic status (Okioga, 2013).

Higher family income may improve students’ performance. Nevertheless, it is not an

indicator for students who are from low-income families not to get serious and be responsible

in performing school (Adzido, Dzogbede, Ahiave, Dorkpah, 2016). Socioeconomic status is

divided into three major parts the high, middle, and low. Students found that those major

parts influence their academic performance and that adolescents with high and middle

socioeconomic status have better academic achievement than in low socioeconomic status

(Singh & Choundhary, 2019). Consistency of finance in everyday can help the students attain

the goals and be responsible on things that can help for their scholarly accomplishment (Saifi

& Mehmood, 2011). Students’ socioeconomic status deals a big role in improving their

academic performance. Parents socioeconomic status is the factor of the students

15
academically inclined and persistence (Abdu-Raheem, 2015). A study indicates that a male

having high socioeconomic status attain high academic achievement than on males having

low socioeconomic status. This is due to their provided necessary facilities concerning their

education, health, and comfort, which addict their academic attainment. (Ahamr & Anmar,

2013).

Synthesis of the State of the Art

Related Literature and Studies underscores the need for early financial education,

effective budgeting and responsible allowance management for students, with implications

not only for their current financial well-being but also for long-term academic success and

life skills.

Conceptual Framework

This study aims to analyze the factors that influence allowance management and its

impact on the academic performance of selected Grade 12 students. The independent variable

includes the allowance management of selected Grade 12 students. On the other hand, the

dependent variable includes the academic performance of selected Grade 12 students.

Independent Dependent
variable

16
 Variable

Allowance management Academic performance

Gaps bridged by the study

The previous study has contributed to our understanding of the analysis of factors that

influence allowance management and its impact on the academic performance on the selected

Grade 12 students, as observed in related studies. Our quantitative study distinguishes itself

through its focused approach analysis.

Our research specifically aims to analyze the relationship between the allowance

management and its impact on the academic performance of selected Grade 12 students,

drawing upon findings from previous related studies. In contrast to earlier research that

consider a range of factors, our study employs statistical

analysis in analyzing this specific dimension of allowance management and its impact on the

academic performance.

Furthermore, our quantitative study uniquely targets selected senior high school

students at Bato Rural Development High School, employing structured survey, data

collection, and statistical methods to provide precise numerical insights into how allowance

management and its impact to the academic performance on the selected Grade 12 students.

17
 Chapter 3

RESEARCH DESIGN AND METHODOLOGY

This chapter presents the design, sources of data, sample and sampling procedure,

instrumentation and validation, statistical used and the data gathering procedure used in the

study.

Research Design

The design of the study calls for descriptive design as it aims to analyze the factors

that influence allowance management and its impact on academic performance of selected

senior high school students, this descriptive research design analyzes two variables and assess

the analysis between them, with no influence from any extraneous variables with critical and

accurate interpretations.

Sources of Data

The main data of the study was obtained from the selected SHS Grade 12 students

each strand from academic and technical vocational High School. The participants consist of

25 respondents.

Sample and Sampling Procedure

The sample for this analysis will consist of Senior High School, specifically selected

from different academic strands. Stratified random sampling will be employed to ensure

representation from each strand, considering the diversity in the students’ population.

Instrumentation and Validation

In undertaking a quantitative research investigation into the determinants of allowance

management and repercussions on the academic performance of designated senior high

18
school students in Bato Rural Development High School, a comprehensive instrumentation

strategy will be implemented. The primary data

collection will employ thoughtfully designed survey questionnaire administered in a

traditional paper-and-pen format. This questionnaire, featuring sections on allowance

management practices, academic performance

metrics and pertinent demographics, will include Likert scales for quantitative insights. To

enhance accessibility, particularly in high school demographic, the survey will be

supplemented with the use of calculators to facilitate numeral responses. Additionally, an

interview protocol will be employed to gather qualitative data providing a more dept-

understanding of the factors influencing allowance management. The validation process

encompasses content validation by experts in education and research to ensure clarity and

relevance. A pilot test involving a small group of students will identify and rectify any issues

related to comprehension. Reliability testing through the test- retest method will ascertain the

consistency of responses overtime. Construct validity will be examined by correlating

allowance management variables with academic performance metrics. Peer reviews will

contribute valuable insights to refine the questionnaire further. This multi-faceted approach,

combining traditional paper, printed paper and pen methods with calculators for numerical

precisions and interviews for qualitative dept, aims to yield the a robust Quantitative Analysis

of the intricate interplay between allowance management and academic performance within

the unique context of Bato Rural Development High School.

Data Gathering Procedure

This study will follow a structured approach to systematically collect and analyze

numerical information on factors influencing allowance management and it`s impact on

19
academic performance among selected Senior High School in Bato Rural Development High

School, considering different academic strands. After obtaining ethical approval, participants

will be selected using stratified random sampling, ensuring representation from each

academic strand. Informed consent will be sought from both students and their parents or

guardian. A well-designed survey questionnaire will be administered, covering aspect such as

sources of allowance, spending habits, time allocation, and self-reported academic

performance. The survey will employ Likert Scales and multiple-choice questions to quantify

responses. Surveys will be distributed in print based on participants preferences. The

collected quantitative data will be subjected to statistical analysis including descriptive

statistics to summarize key variables and inferential statistics to identify correlations and

trends. The goal is providing a quantitative understanding of the relationship between

allowance management

an academic performance, offering valuable insights for evidence-based decisions-making in

financial planning at Bato Rural Development High School.

Statistical Treatment of Data

In order to interpret the data gathered during the conduct of the study, the following

statistical tools was utilized:

Table 1

Statistical Tools

ANALYSIS STATISTICAL TOOLS

Descriptive Statistics of Allowance Pearson R

Management

Allowance and Academic Performance Pearson Correlation Coefficient

Impact of allowance on Academic Regression Analysis

20
 Performance

Factors influencing Allowance Management Multiple Regression Analysis

CHAPTER 4

AN ANALYSIS OF FACTORS INFLUENCING ALLOWANCE MANAGEMENT AND

ITS IMPACT ON THE ACADEMIC PERFORMANCE OF SELECTED GRADE 12

STUDENTS AT BATO RURAL DEVELOPMENT HIGH SCHOOL

This chapter presents the analysis and interpretation of data gathered both tabular and

textual form to enhance understanding in the presentation and discussion. They are

interpreted according to the specific question presented in chapter 1.

1.) What is the allotment of allowance.

Table 1 shows the allotment of allowance of selected grade 12 students.

TABLE 1

The average of allotment of allowance of selected grade 12 students.

List of Strongly Agree Neither Disagree Strongly Xw QNR QLR

statements Agree (4) disagree (2) disagree

(5) or agree (1)

(3)

1 6 5 4 0 0 4.13 5 SD

2 0 2 6 5 0 2.4 2 D

3 1 6 5 2 1 3.26 3 NDA

4 0 3 4 2 6 2.26 2 D

5 8 7 0 0 0 4.4 4 A

6 5 10 0 0 0 4.3 4 A

21
 7 7 7 0 1 0 4.3 4 A

8 2 4 1 2 6 2.6 2 D
9 0 6 5 3 1 3.06 3 NDA
10 6 6 1 2 0 4.06 4 A
11 12 2 0 1 0 5.66 5 SD
AVERAGE 3.7 3 NDA

2.) Do the students live by their own budget

Table 2 stated whether the students live by their own budget or not

TABLE 2

Budget of the selected grade 12 students

List of the Strongly Agree Neither Disagre Strongly Xw QNR QLR

statements agree (4) disagree e disagree

(5) or agree (2) (1)

(3)

1 1 5 8 1 0 3.4 3 NDA

2 6 8 1 0 0 4.2 4 A

AVERAGE 3.8 3 NDA

22
 3.) Is there`s a relationship between factors influencing student allowance

management and academic performance?

Table 3 shows the relationship between the factors influencing the allowance

management of the selected grade 12 students and its impact to the academic

performance.

TABLE 3

Relationship between allowance management and its impact to the academic

performace.

List of Strongly Agree Neither Disagree Strongly Xw QNR QLR

statements agree (4) disagree (2) disagree
(5) or agree (!)
(3)

1 1 4 1 6 3 2.6 2 D
2 0 6 7 0 2 3.13 3 NDA
3 4 4 4 0 3 3.4 3 NDA
4 3 4 4 3 1 3.33 3 NDA
5 1 4 10 0 0 3.4 3 NDA
6 1 4 9 1 0 3.33 3 NDA
7 1 8 5 1 0 3.6 3 NDA
AVERAG 3.25 3 NDA
E

23
 TABLE 4

Correlation between allowance management and academic performance

X Y
(Allowance management) (Academic performance)
4.13 2.6

2.4 3.13

3.26 3.4

2.26 3.33

4.4 3.4

4.3 3.33

4.3 3.6

2.6 3.4

3.06 4.2

4.06 5.66

∑=34.77 ∑=36.05
X=3.477 X=3.605

24
 TABLE 5

Relationship between allowance and academic performance

Variables Test statistics Computed p-value interpretations

value

Selected Pearson r 0.1489 .596372 There is

Grade 12 Correlational relationship

students Coefficient between two

allowance analysis variables but

management its either it

and academic has impact or

performance none.

25
 CHAPTER 5

SUMMARY, FINDINGS, CONCLUSIONS, AND

RECOMMENDATIONS

This chapter presents the summary, findings, conclusions, and

recommendations drawn by the researchers on this study through the guide of data

gatherings.

Summary

This study examined the factors influencing allowance management

and its impact on Academic Performance among Grade 12 Senior High School in

Bato Rural Development High School S.Y, 2023-2024. Specifically, this study

sought answer the following questions:

1. What is the allotment of allowance in terms of:

a. Transportation

b. Food

c. Luxury and Leisure

d. Projects

e. Savings

2. Do the students live by their own budget?

3. Is there`s a relationship between factors influencing student allowance

management and academic performance?

This study was conducted to identify the factors influencing allowance

management and its impact on Academic Performance among grade 12 Senior

High School students in Bato Rural Development High School S.Y, 2023-2024.

The researchers make used a random sampling method where the gathered data is

from selected 15 respondents in Academic Strand.

26
 The researchers gathered data needed through Likert Scale without proper

schedule but utilized the opportunity to collect data when the respondents is

available because there is not enough time for the researchers to collect the data

needed because of many reasons behind.

Findings

1. Based from the responses of the respondents, it is revealed that allowance

is neither sufficient or not in their allotments.

2. Based from the responses of the respondents, it is revealed that some

students lived by their own budget while others are not.

3. Based from the responses of the respondents, it is revealed that it has either

yes or no relationship between Allowance and Academic Performance.

Findings from the data analysis suggest a discernible influence of various factors on

allowance management. Furthermore, there appears to be a potential relationship between the

administration of allowances and academic performance. This implies a need for deeper

investigation to uncover the specific dynamics at play and to better understand the

implications of these factor on student’s financial support.

Conclusions

Based on the findings of the study, the following conclusions were drawn.

1. The findings suggest a significant variability in the adequacy of allowance among

respondents highlighting a need for further exploration into factors influencing the

sufficiency of financial allotments for students.

2. The research indicates a diverse financial landscape among students, with some

effectively managing their expenses through budgeting, while others may face

27
 challenges in this aspect. This diversity emphasizes the importance of understanding

individual financial behaviors and needs.

3. The relationship between allowance and academic performance appears dichotomous,

with respondents expressing either a positive and negative correlation. This suggests a

complex interplays between financial support and academic outcomes, necessitating a

more nuanced investigation to unveil underlying factors contributing to this variation.

Recommendations

To further explore the relationship between allowance and academic performance,

future studies is recommended to conduct a comprehensive study to delve deeper into the

identified factors influencing allowance management and their potential impact on academic

performance. Additionally, consider implementing targeted interventions to address these

factors, aiming to improve students financial support and enhance educational institutions and

financial support provides may contribute to more effective strategies.

28
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 APPENDICES

A consent approval for respondents

31
B. Crafted Questionnaire Approved by the Research Teacher

32
 CURRICULUM VITAE

Personal Background

Name: Joannie Eunice Tenerife

Age: 17 years old

Sex: Female

Contact Address:

Physical Address: Buenavista, Bato Catanduanes

Cellphone Number: 09076637145

Email Address: tenerifejoannieeunice@gmail.com

Birthday: October 12, 2006

Birthplace: BMCH

Nationality: Filipino

Civil status: Single

Religion: Roman Catholic

Father: Oscar Tenerife

Occupation: Construction Worker

Mother: Maricel Tenerife

Occupation: House wife

Educational Background

Primary

Name of School: Buenavista Elementary School

Address: Buenavista, Bato Catanduanea

School year: 2017-2018

Secondary

Name of school: Bato Rural Development High School

Address: Banawang, Bato Catanduanes

School year: 2023-2024

Personal Background

33
Name: Tricia Angela Tapel

Age: 17 years old

Sex: Female

Contact Address

Physical Address: San Juan San Miguel Catanduanes

Cellphone Number: 09706403012

Email Address: trixiaagelz@gmail.com

Birthday: June 1, 2006

Birthplace: San Juan San Miguel Catanduanes

Nationality: Filipino

Civil Status: Single

Religion: Roman Catholic

Father: Ronald Tapel

Occupation: Construction Worker

Mother: Lanie Tapel

Occupation: House wife

Educational Background

Primary

Name of School: San Juan Elementary School

Address: San Juan San Miguel Catanduanes

School Year: 2017-2018

Secondary

Name of School: Bato Rural Development High School

Address: Banawang, Bato Catanduanes

School Year: 2023-2024

34