RESEARCH TITLE

Survey on the Budgeting and Spending

Habits Among Senior High School
Students of Saint Joseph College
MEMBERS:
AGUELO, JOHN PETER
EPIZ, HANZ GLENN
SAGARINO, RENEBOY
SALVINO, JOYE ALEXIS
ASIS, ANGEL
CABERO, JOYCE CHLOE
MORANO, JAESSER ANNE
VASQUEZ, JENEVEY
VILLA, JOAN STEPHANIE

CHAPTER 1: THE PROBLEM AND ITS

SCOPE

INTRODUCTION
Amidst the pandemic, the Senior High School Students during this first
semester of S.Y. 2021-2022 experienced many alterations in their lives. This
includes their budgeting and spending habits that affects their financial needs.
The affects brought by the current situation lead us to conduct this study to
help Senior High School Students gain awareness of their budgeting and
spending habit. As a Senior High School Student, budgeting money is so
hard for us, but spending it is so easy. And this habit is not right to follow
especially in our situation today where our parents are having hard time to
make or find money. It is not the right time to order a lot from shopee, lazada
or other online store as what we have saw on social medias, but a lot of us
are having hard time to deal with this specially now that we are just staying at
home.
The alterations in Senior High School Student’ lives is a matter that is also
experienced by us. From budgeting the allowance to spending it, all has gone
change and it caused an impact to students’ behavior. Most of bills are paid
through online, can shop through online and so things seems to be easy anad
practical. But the problem is that money shortage comes upon because bills
and shopping fees comes successively. The researcher lost the control to his
budgeting as he gets overwhelmed with the new habits of spending, shopping
and paying in short, he developed the new habit of spending too much money
for his uncontrollable desires and needs. And so it drives him to conduct this
research to resolve such problems and come up with a good plan that wold
bring him and beneficiaries a good result to their financial and behavioral
state.
 According to IJCRT, student budgeting primarily refers to management of
financial expenses within their assigned budget. Several factors make the
behavior of students dynamic and different from each other. These factor can
be technical as well as psychological and controllable or uncontrollable. The
major challenge that students face is the difficulty to budget their expenses
and save a proportional amount every month for contingent events. With the
technological revolution and advancement, students have adapted their
budgeting and spending habits accordingly. The advanced marketing
strategies of the firms have made the students spend extravagantly on wants
and not just needs. And the marketing tactics have influenced the adults too
which has led the young to follow their footsteps and pend free-handedly.
There is a vast difference in the spending behavior of students as the system
to free the younger population at an early age is different. Developing the
saving habits of students can be an effective tool to encourage the younger to
live in a financially suitable way. The more knowledge students have about
their financial responsibility and status, the less likely they are to be in debt.
Academically speaking, students’ spending behaviors hold importance to
marketers as they continue to understand and develop proper market plans to
address their products and satisfy the needs of the students. Hence, spending
habits is an important subject to understand. Around the world, nearly all
students of all levels have their allowances for educational, personal and
other purposes.
It stated by (Messinger, 2018) that every parent approaches their
student’s financial responsibilities differently, shaping the way they manage
and spend their finances is directly proportional to the amount of allowance
their parents give. It was also proven that if a student receives less allowance
for a week he/she knows that their is less to spend. This this gives the a better
sense of financial awareness, establishing priorities for them to rationalize and
spend their money effectively. A good spending and budgeting habit is
essential to having better finances because it helps the students to save and
spend tehir finances effectively.
According to a Press Reader article by (Garcia, 2017), it is said that in the
Philippines, a vast majority of Filipino guardians are concerned regarding the
financial fate of their kids, particularly their capacity to save and manage their
finances, which may affect spending behavior.
According to the Standard and Poor’s Global Financial Literacy Survey in
2014, it is shown that the Philippines is ranked 117th out of 143 countries in
terms of financial literacy. The survey presents questions such as risk
diversification, inflation, numeracy and compound interest, it was shown that
only 25% of Filipinos are financially literate.
This research will study the Senior High School students’ finances,
budgeting control and their influences that has driven them to spend, as well
as the output that can be generated from this study.
This research is most likely to find out a budget for students to limit their
spending, a little savings on the part of the students so that they can invest in
some good places and so that they can manage their personal finance with
the budget being the counter for measuring. It is to help them in their
budgeting as it is important to their financial stability. It is in this light that this
research is conducted to see the root of the problems with regards to the
spending and budgeting habits, give awareness of the impact of the
alterations that the senior high school students’ experienced and provide a
way to practice so they wouldn’t struggle in controlling their undesirable
spending habits and in budgeting their allowance.
The focus of this paper is to determine the budgeting and spending habits
of the students and to know he factors that influence these habits in this
school year. We need to conduct this study as it will sum up all the expenses
that the students spend and how they were able to handle in terms of
budgeting their money despite of the many things that they need to buy. The
general objective of the problem is to know how senior high school students
do their budgeting and spending habits. The overall purpose is to know and
understand how senior high school students budget their money and their
habits in spending it.

THEORETICAL BACKGROUND
This study is supported by the theory of Self Control Theory by Hopwood
in 1976, explains that this can be helped by a suitable system of rewards,e.g.
performance related pay. The object is to keep costs under control and, if
possible, complete the project under budget. The thought of this theory is in
order for the students to know on how to control their self on not spending
their money or allowances to unnecessary stuff.
Motivational Theory by Kay Hofstede in 1967, explains that in order for the
students to save or budget their allowances they must be motivated. The
theory also explained that in saving, it’s a must to set a particular goal that will
motivate you to achieve your budgeting plan.
Teenagers are lacking in the basic knowledge and skills important in
personal finance such as savings, investing, credit and debt management
(Tennyson & Nyguen, 2001) SHS students has to develop their skills in
financing their allowance. This will allow them to inhabit a good practices in
spending and budgeting their finances.
CONCEPTUAL FRAMEWORK

BUDGETING SPENDING
HABITS HABITS
-TRACK EXPENSE -FOODS
-REVIEW BILLINGS BUDGETING -TRANSPORTATION
-AVOID AND -BOOKS AND
EMOTIONAL SPENDING MAGAZINE
SPENDING HABITS -BILLS
-PLAN ERRANDS -ENTERTAINMENT
EVERYDAY AND LEISURE
-WRITE DOWN -SHOPPINGS
MONTHLY BUDGET -SAVINGS

THEORY
TEMPO (2010)

DATA
A. ONLINE SURVEY & FORMS
B. DISTRIBUTION OF QUESTIONNARES

OUTPUT
DEVELOP SAVINGS
HABIT

The study focuses in the different budgeting and spending habits of

Senior High School Students. The assumptions of the researchers were
based according to Tempo (2010) mentioned that “Students have the
tendency to spend their allowances on their recreational activities such as,
renting a computer unit for fun and games, buying items at the sopping mall,
and spending money for the peers. Teens are active consumes in terms of the
money they spend, as well as in the influence they wield in their families and
on societal trends. Despite being raised in a period of rapid change, they
display a remarkable self-confidence in their judgement”.
Researchers will conduct an online survey and distribute questionnaires to
the SHS students in Saint Joseph College to gather data and information.
This will allow the researcher to know the overall percentage and find the
factors that influence the budgeting and spending habits of the students. And
that will become a way to generate an output, which is to teach students in
developing savings habits.

STATEMENT OF THE PROBLEM

The study aims to determine students’ budgeting and spending habits
during this first semester of S.Y. 2021-2022 to come up with a plan or output.

Specific Problems:
1. What are the budgeting and spending habits of students?
2. What factors influence these budgeting and spending habits?
3. What output can be generated from this study?

RESEARCH HYPOTHESIS
There is a significant relationship between spending habits and budgeting
habits.

Null hypothesis
There is no significant relationship between spending habits and budgeting
habits.
SIGNIFICANCE OF THE STUDY
The importance of this study is to know how students in Senior High
School students spend and budget their money. Help students how to spend
and budget their money properly. And let them be aware the difference
between their needs and wants.
The result of the study will benefit the following:

Students in Senior High School- Some students are very conscious of the
money they spent to have enough left to save. This study will provide
recommendations for them to spend their money wisely, thus improving their
spending behavior.

School Facilities- Facilities such as cafeteria and bookstore will have a better
knowledge of the spending behavior of their consumers, which can also be
referred as consumer behavior. With the main objective as to satisfy the
demands of consumers, they can design the most suitable product and
services that their consumer needs. They also might generate the best
method of promotion that will be more effective in attracting consumers to buy
their product.
Teachers- This research will assist teachers in instilling budgeting and
spending habits in their students. They have the ability to provide advise and
raise awareness for all the students.

Parents- This will benefit them as they gain a better understanding of their
children’s budgeting and spending habits. They have the right to raise
awareness or discipline to their children and supply them enough of what they
need.

Future Researcher- Through this study, researchers who pursue to

understand the spending and budgeting behavior of students will have prior
knowledge of the results, which will help them in formulating better and more
consolidated research.
SCOPE AND DELIMITATION
This research aims to survey the spending and budgeting habits of Senior
High School Students. This study, like any other studies, have limitations and
boundaries. These limitations and boundaries are essential to keeping this
research paper in the track of its objectives/goals. These factors give the
scope and delimitation of this study, and provides an equitable affect on the
outcome of this study.
The respondents of this study are the Senior High School Students, it may
not be represent the specific setting of the study, thus resulting in a reliability
and accuracy concern.
The time frame. Searching, analyzing and interpreting the experiences of
the participants take up much time that is compelling for us to accomplish in
the allotted time. With less time, we cannot achieve the assessment of the
data gathered from research on the internet.
DEFINITION OF TERMS
The following terms are operationally defined:

Spending Habits- This behavior of different students pertaining to their

financial management. It includes the way students spend their money on
food, transportation, personal needs and academic purposes.

Budgeting Habits- This habits pertains to how students do budgeting to fit in

their weekly/monthly allowance.

Family background- it includes the household income, such as the shared

allowances in the student’s household, such as salaries from the students’
parents.

Basic Necessity- This pertains to the necessities of the students in which they
tend to mostly spend money on. Personal needs such as clothing, hygienic
paraphernalia, entertainments and safety are essential to the everyday needs
of the students.
Comments/Suggestions:
 Wrong ang font style ug font size. Ang font size sa titles ug sa content kay
12 nya Times New Roman. I-bold ang titles ja i-uppercase tanang titles.
 I separate by page ang kada part. Dili isumpay tanan.
 I-indent kada paragraph nya i-justify tanan.
 Ang margin, adtos custom margin ja ang margin is 1 sa left ja 0.5 sa right.

Chapter 1

- Wrong ang format sa font style ug font size. Dapat 12 nya Times New Roman.
Nakajustify tanang paragraphs nya naka indent sad.
- Sa research hypothesis , butangi ug Alternative Hypothesis nga title before sa
first nga statement.
- Sa significance of the study, dili school facilites ang beneficiary, school
administrators dapat.
- Sa statement of the problem, mao rani questions :
1. What are the budgeting and spending habits of students?
2. What factors influence these budgeting and spending habits?
3. What output can be generated from this study?

Chapter 2

- Wrong ang format sa font style ug font size. Dapat 12 nya Times New Roman.
Nakajustify tanang paragraphs nya naka indent sad.
- Ang title is “Chapter II Review of Related Literature and Studies”
- After sa title, butangi ani “This chapter presents the different relevant
literature and studies that are related to the research topic, budgeting and
spending habits among students.”
- Tangtanga nang title nga factors affecting chuchu nga injo gibutang.
- Ang Chapter 2, nadivide into two parts : Related Literature and Related
Studies.
- Butangi ug Related Literature title before sa budgeting and spending habits.

- Ang related studies para sa mga past studies/researches nga related sa study.
Same variable ug same topic sa imo study.
- Tangtanga nang title nga factors affecting chuchu nga injo gibutang, pulihi ug
title sa past research study ug kinsay author.

- Sa last nga paragraph, pwede ug explanation about sa relevance sa past study

sa injong research present study.
Chapter 3

- Wrong ang format sa font style ug font size. Dapat 12 nya Times New Roman.
Nakajustify tanang paragraphs nya naka indent sad.
- Use future tense aria. Icheck ang tenses sa verbs ninjo.
- Tangtanga ang lettering sa kada section. Diretso ra butang sa title.
- Sa research design, ibutang nga mugamit mo ug non-experimental research
design particularly descriptive design.You should include the TVL Track.
- Sa research environment, tangtanga ang second sentence. Butangi ug gikan sa
examples, naa adtoy about sa SJC.
- Sa research respondents, make it 100. Then equal ang number ug pila kabuok
kuhaon sa kada strand.
- Sa research instrument, istate nga online survey questionnaire injo gamiton.
Tan awa ug ang sections ninjo mao ba sad ang questions nga naas statement of
the problem. Dapat kung unsay questions sa statement of the problem. Mao
sad sa questionnaire.
- Sa data collection procedure, tangtanga tong first sentence nga maghimo mo
internet. Tangtanga ang head teacher. Nya ang letter isend ra directly sa
principal, dili isend sa facebook page tawn. Nya tangtanga ang last two
sentences nga injo gibutang.

Questionnaire

- Sa first part, name ray ibutang. Tangtanga natong uban. Kay man moy demographic
profile sa injo statement of the problem.

- Kung unsay questions nga naas statement of the problem, mao rasad sa
questionnaire.

- Sa injong part 2, dapat naay duha ka table paras budgeting ja ang unsa paras
spending. I check nalang tong injong gibutang sa duha ka tables. Dapat pareha 10
kabuok. Nya sakto natong likert scale (5,4,3,2 and 1) ang gamiton, hasta sad sa usa sa
ka table likert scale sad gamiton (5,4,3,2 and 1). Dili yes or no.

- Sa injong part 3, mu ask mo ug unsay factors nga naka influence sa budgeting and
spending habits. Pwede ra nga mag enumerate mog factors ja mupili ra ang
respondents.