Resear: Department of Education

Republic of the Philippines
Department of Education
Region IV-A CALABARZON
Division of Batangas
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District of Padre Garcia
Padre Garcia National High School
Statement of the Problem
Researchers aim to know how Senior High School Students budget their
allowance.
Specifically, this sought to answer the following question:
1. What are the importance of budgeting allowance in school?
2. How do students budget their allowance, whether it is on a daily or weekly basis?
3. What are the causes and effects of insufficient budget in the life of students?
4. Based on the analysis, what student budget plan maybe proposed?
Scope and Delimitation
The focus of the study is to measure and observe the level of the Allowance
Allocation of Senior High School Students in Padre Garcia National High School
after and before it is used in research. Moreover, this study also focuses on budgeting
studies that can be knowledgeable in handling money. It aims to grow student's
knowledge when it comes to budgeting their school allowance. Researchers have
removed less knowledge of Senior High School Students.
This study is also limited to selected
respondents who were in Senior High School. The respondents is selected based on
their ability to answer and understand the researcher's questions. The researchers
came up with a number of respondents hoping to generate and compile the
appropriate data for their study. Researchers will not limit themselves to studying the
specific organization or group of people because, it will be abundant for researchers to
do so and will also avoid referred to or any return to the study.
Collaborative Research Experience and Achievement Towards Exce

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Significance of the Study
Specifically this research study will be of great help to the following entities:
School. This research will be a great help to the students in equipping them
with the knowledge and skills they need to budget allowance effectively.
Parents. This research will be a great help to the parents to be aware on how
they can teach their child in budgeting allowance.
Teacher. This research will help the teachers to understand why insufficient
school allowance affect the academic performance of their students.
Students. This research will help the students to be aware on how to budget
allowance effectively. It may give ideas to the students, also they will be able
to know how to avoid having an insufficient school allowance..
Researcher. This research have a great benefit to the researchers they may
enhance their knowledge about identifying authentic ways on budgeting their
school allowance. It will be a guidelines to be a thrifty person.
Future researchers. The ideas to be gathered may help the future
researchers as their guidelines and reference data in conducting a research that
is similar to their study. This also gives ideas to the future researchers on
helping others in budgeting allowance.

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CHAPTER II
REVIEW OF RELATED LITERATURE AND STUDIES
This chapter deals with the presentation of the related literature and studies used as a
guide in conducting the study. The researchers included the similarities and
differences of the studies that were found to the current study.
Conceptual Literature
The following conceptual review focus on the Allowance Allocation among Senior
High School Students in Padre Garcia National High School.
Money Management
The key to financial success is to be well aware of how you are spending your
money. Know that there is a certain line between being cheap and having spending
savvy (Caole, 2014).
A current national concern is the low financial literacy of college students.
College students are not receiving the financial knowledge necessary to be successful
in today's paced economy. Due to an increasingly complex marketplace, college
students need greater knowledge about their personal finances and the economy
(Jorgensen, 2010).
Young people today face a very uncertain future as a result of the double-dip
recession, government spending cuts and structural problems such as the high cost of
housing. (Dolphin, 2012). Students were found lacking of money management skill

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due to the lacking of financial literacy. In the freshman year, there are 32% of college
students doubted about their capability of managing their money in campus (Ibrahim
et al., 2010). The millennial generation can be aided through financial literacy
programs offered by the financial services industry (The Millennial and Money
Management).
Factors Influencing Students to Save Financial Knowledge
One of the articles which has attracted researcher's attention is a term paper
written by Mohamad Fazli Sabri and Maurice MacDonald (2010) entitled "Savings
Behavior and Financial Problems Among College Students: The Role of Financial
Literacy in Malaysia". They demonstrate that students who had higher financial
knowledge were more likely to report savings behavior and also reported fewer
financial problems. According to them, students with financial knowledge promote
better financial management whether or not they can afford to indulge themselves
during the college years.
Purpose of Savings
Saving money for an emergency fund is important for everyone at all times.
Having a savings account for emergencies can prevent financial disaster in the event
of student's unemployment after graduate. An emergency fund can come in handy any
time students experience a shortage in income or an increase in expenses. An
emergency fund can also help students avoid using their credit cards or incurring debt
to pay for emergencies that arise. Dave Ramsey, an outspoken radio talk show and
television show host who teaches a course called Financial Peace University, suggest

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on his website Dave Ramsey.com, that people should have a starter emergency fund
of $1000.00. Ramsey
suggests this serve as emergency fund until they have paid off all of their high interest
credit card debt, at which they should begin building a full savings account for
emergencies.
Financial literacy
The ability to use knowledge and skills to manage one's financial resources
effectively for lifetime financial security (Caole Vila, 2014)
The ability of the students to understand how money works: how a student budget and
manages their allowances.
Research Literature
Finance good money management skills are the process of budgeting, saving,
investing, spending the cash usage. Though it is not something we are born with, they
are acquired over one’s lifetime through many 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)
A study by Umali, (2017) mentioned that everyone needs to be financially
literate and can determine priorities in allocating their resources.
Money is any clearly identifiable object of value that is generally accepted as
payment. There is a motion that is working on teaching basic personal finances to

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high school students before they graduate. A budget is clearly the key to succeeding
financially. Student think that a way to pay for college is student loans, but there are
other options like scholarships, financial aid or work options. Some can take investing
classes where students can learn the process of investing and budgeting. As student
there are also other things to spend on, it can be wants or needs not just school
supplies. Most people recommend parents to have a long-term planning for their teen.
(Caldwell, 2017)
Another study Tempo, (2010) he mentioned that "Students have the tendency to
spend their allowances on their recreational activities such as, renting a computer unit
for fan and games, buying items at the shopping mall, and spending money for the
peers. Teens are active consumers interns of the money they spend, as well as in the
influence they wield in their families and on societal friends. Despite being raised in a
period of rapid change, they display a remarkable self-confidence in their judgment."
In the study of Caldwell, (2017) parents can teach their children money
management where they can set up a personal saving account for their teen.
Depositing clothes and money into an account that teen can manage while some can
help their child in planning their budget monthly that can help in organizing expenses.
These guardians can explain to teens how managing money is very important as if
there is an unforeseen event.
In the study of Gordon, (2010) due to factors that can affect budgeting, there
exists a difference on planning a budget. The manner in which senior high school

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students manage their money is based on several factors such as age, personality,
traits and knowledge.
A research study by Stollak, (2011) they had a hard time budgeting their
allowance in order to buy the requirements and other expenses related to their
projects. They are in a situation where they have restricted incomes and high
expenses.
Sander, 2012 he was able to note that many Americans are caught up in the
economic downturn, and college students are often worried about money, this
financial worry may affect their academic performance, due to divided attention.
When they are concern about the availability of learning materials, as well as their
daily upkeep in school.
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 student loans, but there are
other options like scholarships, financial aid or work options. Some can take investing
classes where students can learn the process of investing and budgeting. As student
there are also other things to spend on, it can be wants or needs not just school
supplies. Most people recommend parents to have a long-term planning for their teen.
(Caldwell, 2017)
The idea of Godfrey (2013) "Allowance is not an entitlement or a salary. It is a
tool for teaching children how to manage money." Allowance is an amount of money
given. It is a need for teenagers where they can save up for their wants or daily needs.

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Its history concerns the development means of carrying out transactions involving a
medium of exchange.
Theoretical Framework
Budgeting Planning Phase Theory
Carnis, (2017) says that the overall budget planning phase differs from the
costing phase in that the budget planner takes a broader view. You must identify
specific resources -- such a labor availability or sources of financing -- that are
necessary for each phase of a project. A budget planner also looks at cost elements for
various aspects of a project and identifies how they interrelate. This can help discover
potential bottlenecks and redundancies
Financial Socialization-Social Capital Theoretical Framework
Institutional factors include social and psychological influences (e.g., familial
resources and financial behaviors) (Clancy, & Guo, 2012). As indicated, the primary
focus of this study is to measure students’ financial knowledge, developmental assets,
and social support. The combined financial socialization-social capital theoretical
framework helps conceptualize how students’ current external influences (e.g.,
parents, neighbors, friends, and schools) and internal influences (e.g., internal assets)
affect or increase their financial knowledge (Chowa et al., 2012).

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Budgeting Financial System

Planning Phase Theory
Theory
(Clancy, & Guo,
( Carnis, 2017) 2012)
Budget Plan

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Figure 1
Theoretical Framework of Allowance Allocation Among Senior High School in
Figure I presents the paradigm of the study. The circle at the center contains the
students Budget Plan. Then, the circle at the left side contains the Budgeting Planning
Phase Theory which identify specific resources, such a labor availability or sources of
financing that are necessary for each phase of a project. The circle in the right side
contains Financial Socialization-Social Capital Theoretical Framework, which is the
primary focus of this study is to measure students financial knowledge, development
assets, and social support.

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INPUT PROCESS OUTPUT
- Importance of
Budgeting
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I Interview
Interview
- Interview
Documentary
- Documentary
Analysis
Analysis
Documentary
Analysisnterview
Budget Plan
Documentary Analysis
Figure 2
Conceptual Paradigm of Allowance Allocation Among Senior High School in
Conceptual Framework

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This study presented the paradigm of the study. The first box contains the
input which is the importance of budgeting, methods in budgeting and causes and
effects of insufficient budget. The second box contains the difference processes done
by the researchers. This will include the interview and documentary analysis. The
third box contains the proposed output which is conducting student budget plan. In
this budget plan will discuss the guidelines needed by the students to help them in
saving money.

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CHAPTER III
RESEARCH AND METHODOLOGY
This chapter discusses the methods that have been used in data collection and in
the analysis of the data to answer the research questions of the study. It explains the
research design that have been used as well as the sampling method used to analyze
and understand the data that have been collected by the researchers. This chapter
explains the approach used to answer the research questions so as to meet the research
objectives. This chapter then makes emphasis on the research design, population of
the study, size of the sample, data collection, validity and reliability of the research.
Research Design
The researchers will use qualitative research approach to fulfil the objectives of
the study. Also they will use descriptive as the research designs. According to Bhat
(2019), descriptive research is defined as a research method that describe the
characteristics of the population or phenomenon that is being studied. This
methodology focuses more on the "what" of the research subject rather than the "why"
of the research subject. In other words, it primarily focuses on describing the nature of
demographic segment, without focusing on why a certain phenomenon occurs. A
form of conducting descriptive research is by means of observation.

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This type of qualitative research is best suited to this study since this will identify
the importance of budgeting for Senior High School Students in Padre Garcia
National High School, strategies in budgeting school allowance and how insufficient
school allowance affect the students.
Subject of the Study
The focus of the study revolved around to the Senior High School Students of
Padre Garcia National High School. Due to the large number of the respondents the
researchers use Rao soft to minimize the number of the respondents. The total number
of the respondents is twenty two (22). The researchers use convenience sampling to
fulfill the twenty two (22) respondents.
Data Gathering Instrument
The main instruments to be focused are to gather some data about some
questions in the interview. This will be designed to test asses the completed project.
According to an interview design is an experiment where the observation of the
interview is taken before and after the interview. The design means that you are able
to interview some questions of the respondents. Interview design may be applied on
the study.
Data Gathering Procedure
The researchers of the study followed some procedures in order for them to
achieve the objectives of this study. First they created a letter to excuse those selected
respondents. Next to that, the researchers applied an interview to the participants to
ask some questions to be answered. The respondents need to answer the questions of

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the researchers being applied and the researcher's directed to learn the interview of
their personal insight through the given statement related to the objective of the study.
Furthermore, the chosen respondents were given the same set of questions. The first
questions involves the importance of budgeting and the second part is the effect of
insufficient school allowance to the students. The interview were done with
sequentially with the cooperation from the respondents.

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CHAPTER IV
PRESENTATION ANALYSIS AND INTERPRETATION OF DATA
This chapter deals with the presentation of the data gathered through semi-
structured interview guide, analyzed and interpreted by the researchers regarding the
importance of budgeting and the causes and effects of insufficient school allowance.
1. Importance of Budgeting Allowance
Budgeting is important for your financial stability, ensuring you can pay
common expenses like, transportation, daily needs, and school expenses. Budgeting
ensures you’re not spending more than you’re making, allowing you to plan for short
and long term expenses.
Table 1 shows the coding and transcription of the responses of the students on
the questions related to the importance of budgeting.
Table 1
Importance of Budgeting Allowance
THEME TRANSCRIPTIONS
What are the importance of budgeting allowance in

school?
Respondent (01): Not only for food expenses but
also for school expenses and for savings.
Respondent (02): if you don’t budget your money
you can’t buy your wants
Respondent (03): For you to know where you did
used your money.
Respondent (04): For us to buy our needs and wants
Respondent (05): For you save money

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Respondent (06): In our everyday life we need to

budget our allowance because we didn’t sure if we
still have excess money in our pocket.
Respondent (07): For us to save some money
The students preferred to Respondent (08): For us to have savings that we can
used in necessary things and for our future used
save money and to buy their Respondent (09): For us to compute all the expenses.
Respondent (10): To save money
daily need and wants. Respondent (11): For you to save your money and to
know where you did used it.
Respondent (12): As a student’s we have so much
things to pay and we need to manage our money well
because budgeting is one of the vital rows in our
everyday life.
Respondent (13): You need to budget your money for
those unannounced expenses such as in research.
Respondent (14): To use your money in important
way.
Respondent (15): In school we have a lot of expenses
that we need to pay such as research that has
connection in academic.
Respondent (16): For you to save money
Respondent (17): Not all the time you have enough
money to buy your wants.
Respondent (18): For you to save money
Respondent (19): To ensure that you will always
have enough money for the things you need and the
things that are important to you.
Respondent (20): To save money
Respondent (21): For us to have savings for
necessary things
Respondents (22): To save money
The above coded statement of the respondents revealed the commonly
importance of budgeting for the students.
When the respondents were asked about the importance of budgeting most of
them stated that budgeting is important to save money and to buy our daily needs and
wants. Moreover, some of the respondents mentioned that budgeting is one of the
vital rows in our everyday life.

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From the non-participant observation undergone by the researchers, it is
observed and noticed that the respondents are always do the budgeting for those
necessary things.
This idea has similarity with idea of (Caldwell), 2017 who states that
allowance is an amount of money given. It is a need for teenagers where they can save
up for their wants or daily needs
2. Students Method in Budgeting Allowance
Many adopt money-saving behavior, like utilizing students discounts, buying
used textbooks, choosing to grocery shop over eating out utilizing coupons and online
discount, sharing housing, walking or biking instead of owning a car, renting
textbooks and working longer hours to increase funds.
Table 2 shows the coding and transcription of the responses of the students on
the questions related to the student’s method in budgeting allowance
Table 2
Students Method in Budgeting Allowance
THEME TRANSCRIPTION
Guide Question How do students budget their allowance, whether it is
No.2 on a daily or weekly basis?

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Respondent (01): 250.I always save money not only for

expenses but also for future use.
Respondent (02): 100. I separate the transportation
expenses and food expenses and if there is excess money
Most of the students I’ll use it for school expenses
Respondent (03): 70. I separate the transportation
daily allowance is 50 expenses and food expenses and if there is excess money
I’ll use it for school expenses
to 100 spending for Respondent (04): 50. I used it in necessary things.
Respondent (05): 500. I used it in necessary things like if
necessary things we have contribution in cooking.
Respondent (06): 200. I used it wisely
such as Respondent (07): 100. Actually 20 pesos provides for the
transportation and the rest it will be a savings.
transportation, Respondent (08): 100. I used it for foods, school supplies
2and for emergency situations.
school expenses and Respondent (09): 50. For school expenses and break time
Respondent (10): 250. It depends upon the expenses in
emergency situation. school each day.
Respondent (11): 20. It depends, I didn’t buy food in
break time because that money is for my transportation
Respondent (12): 70. I’m using my allowance for the

transportation for the food and for the other expenses in
school such as class fund.
Respondent (13): 100. I save the half of my allowance
and the half is for transportation and unannounced
contribution.
Respondent (14) : 40
Respondent (15): 30. I did not used my allowance
instead I save it.
Respondent (16): 500. Know your priorities and set aside
the unimportant things
Respondent (17): 1000. I used it for the transformation and

foods then the rest is for savings.
Respondent (18): 100. I used it wisely.
Respondent (19): 50. I didn’t buy foods in break time just
to pay those school expenses.
Respondent (20): 50. For transportation and food.
Respondent (21): 60. For transportation, food and school
expenses.

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Respondent (22): 50. I used it for necessary things only.
The above coded statement of the respondents revealed the commonly ways in
budgeting their allowance is knowing every expenses.
As confirmed from the conducted interview to the respondents, most of them
stated that their allowance is daily which is 50 to 100. They spend their money for
transportation, foods and school expenses. Moreover, some of the respondents
mentioned that their allowance is weekly which is 250 to 500. They spend it for
unannounced contribution, school supplies, and emergency situations and for the
necessary things. Furthermore, the excess money will be a savings.
This idea has similarity with idea of (McWhirter), 2016 who states that by
setting a budget for things like eating, clothe and travel, students avoid running out of
money before the semester ends and can save for things like spring fall break or any
emergency expenses.
3.1 Causes and Effect of Insufficient Budget
People get into trouble with their finances is because they really don’t have the
skills to manage their money. Spending your hard earned money without a budget
plan is like driving into unfamiliar territory without a GPS.
Table 3.1 shows the coding and transcription of the responses of the students
on the questions related to the causes of insufficient budget

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Table 3.1
Causes and Effect of Insufficient Budget
THEME TRANCRIPTION
Guide Question What are causes and effects of
No. 3.1 insufficient budget in the life of
students?
Respondent (01): Yes, because as a

Grade 11 students there are many
expenses.
Respondent (02) : Yes
Respondent (03) : Yes, there is a lot of
expenses.
Respondent (04) : Yes, there is many
expenses when it comes in research.
Respondent (05) : Sometimes
Respondent (06) : Yes, because school
supplies is expensive.
Most of the students encountered Respondent (08) : Yes, there is a lot of
problem when it come in expenses
problem when it comes in budgeting Respondent (09) : Sometimes, because
my allowance is not enough.
allowance. Respondent (10) : Yes, when it comes
in making project the materials needed is
so expensive.
Respondent (11) : Sometimes, because there is many

things to pay
Respondent (13) : Yes, because there is a lot of things to
pay like class fund.
Respondent (15): Yes, especially right now, being a
grade 12 students there is so many expenses.

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Respondent (18) : Yes, because sometimes the

allowance is not enough
Respondent (20) : Yes, because there is a lot of
unannounced contribution.
The above coded statement of the respondents revealed the commonly reasons
why students encountered problem in budgeting is because of having so much
expenses.
As confirmed from the conducted interview to the respondents, most of them
stated that they always encountered problem when it comes in budgeting allowance.
Moreover, some of the respondents mentioned that as a Senior High School
Students there are many expenses such as in research that's why they experience
shortage in school allowance.
This idea conforms to the idea of (Failaman), 2017 who states that entering
in senior high school is much difficult than junior high school. More on paper works,
research, and individual or group activities. We, as a students are preparing for more
expenses daily.
3.2 Causes and Effects of Insufficient Budget
Insufficient budget can have major effects on your health. Stress, in general,
can cause heart attacks, strokes, and many other serious health issues regardless of the
source.
Table 3.2 shows the coding and transcription of the responses of the students
on the questions related to the causes and effects of insufficient budget

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Table 3.2
Effects of Insufficient Budget
THEME TRANSCRIPTION
Guidance Question What are the causes and effects of insufficient
No.3.2 budget in the life of students?
Students stated that it Respondent (01): It gives anxiety

Respondent (02): It feel so hard because if my
makes them stress and it allowance is not enough I can’t buy those things I
want.
affects their healthy life Respondent (03): Sometimes it make me stress
because I don’t know how I can budget my
style and academic insufficient school allowance.
performance.
Respondent (04): It’s hard to think that you can’t buy

those things you want. For example teacher ask you to do
a project, you can’t but it if you don’t have enough
money.
Respondent (05): When I encountered shortage in my
allowance, I can’t buy food I want so it can lost my
energy.
Respondent (06): It makes me stress because you don’t
know where you can get money.
Respondent (07) : It is hard because I can’t buy those
things I want and I feel too shy when some of my friend
buy food them I’m the only one who can’t afford to buy
it.
Respondent (08): It has big effect because when there is
unannounced contribution it so hard to make an excuse.
Respondent (09): Sometimes I can’t buy food in break
time.
Respondent (10) :It makes me stress
Respondent (11): If there is so many expenses
Then I don’t have enough money so that I need to borrow
some money for me to pay those expenses.
Respondent (12): Insufficient school allowance affect

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most of the students because we have different things to

pay like our transportation, research.
Respondent (13): If you don’t have enough money you

can’t do your task.
Respondent (14) : It makes me stress
Respondent (15): It makes me stress because you don’t
know when you can get some money to fulfill your daily
needs.
Respondent (16): It affects my healthy life style because if
you don’t have enough money you can’t buy the food you
want.
Respondent (17): I don’t know what to do.
Respondent (18) : It makes me stress because I can’t paid
those expenses
Respondent (19): It makes me feel sad because I can’t paid
my school expenses.
Respondent (20): It makes me stress.
Respondent (21): I can’t buy my daily needs.
Respondent (22): It makes me depress.
The above coded statement of the respondents revealed the commonly effects
of insufficient school allowance is making students stress.
When the respondents were asked about the effects of insufficient school allowance,
most of them stated that it makes them stress and they can't do their task in school.
Moreover, some of the respondents mentioned that insufficient school allowance can
affect their healthy lifestyle and academic performance.
From the non-participant observation undergone by the researchers, it is
observed and noticed that insufficient school allowance has big impact to the students.
This idea conforms to the idea of (Sander), 2012 he was able to note that
many Americans are caught up in the economic downturn, and college students are
often worried about money, this financial worry may affect their academic

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performance, due to divided attention. When they are concern about the availability of
learning materials, as well as their daily up keep in school.
Proposed Strategic Budget Plan
In view of the findings made, the strategic budget plan is hereby designed.
Rationale
The main goal of every students is to save money for their wants and needs.
This can be attained by providing a strategies in budgeting and continuously engaging
worthwhile efforts in conducting research to further improve the management
process. One very essential move toward achieving this end is the development of a
functional strategic budget plan. This provide a place record your mission, vision and
values.
The proposed strategic budget plan is primarily designed to provide clarity
and direction on how to budget the school allowance. The researchers wants to give a
creative idea on how to manage money effectively that may leads increasing savings.
In addition strategic budget plan serve as the road map of students to the destination
to success. When properly implemented this will help the students in terms of
different expenses and students will know the proper method in budgeting allowance.
Objective
The strategic budget plan for students was developed to further improve their
knowledge in budgeting, create a cushion for unexpected expenses and makes talking
about finances much easier. This could also help improve their management skills
such as planning, decision making and problem solving.

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Specifically this output will transform the weak points into strengths. It
highlight the following concern:
•Proper method in budgeting
Proposal Budget Plan
AREA OF OBJECTIVE STRATEGY/ PROPOSAL PERSONS PERFORMANCE
CONCERN ACTIVITIES BUDGET INVOLVED INDICATOR
• Provide • Use trifold PHP 10,000 • Students • To encourage the
more brochure to • Parents students to save
techniques in discuss the • Teachers money for
budgeting guidelines in necessary things
• To ensure budgeting • To avoid anxiety,
that students • Attractive depression and to
will apply that and easy to study well
different read • To have a budget
techniques in guidelines for unexpected
their everyday • Conduct a expenses and other
life survey about activities in school
• To convince what are the
the students to effective
have savings strategies in
Proper budgeting

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method of allowance
Budgeting
• Conduct a
proper
training on
how to make
guidelines
CHAPTER V
SUMMARY, CONCLUSION AND RECOMMENDATION
This chapter discusses the summary of the study, conclusion, as well as the
recommendations that the researchers sees fit based on the findings.
Summary
This study was about allowance allocation of Senior High School Students in
Padre Garcia National High School that aims to answer the following questions:
1. What are the importance of budgeting allowance in school?
2. How do students budget their allowance, whether it is on a daily or weekly basis?
3. What are the causes and effects of insufficient budget in the life of students?

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4. Based on the analysis, what student budget plan maybe proposed?
In order to satisfy the objective of the study, the research employed descriptive
study under qualitative approach, with this design the researcher gathered sufficient
and enough facts, and made the findings, interpretation, conclusion and
recommendation.
These methods were the most appropriate and suitable to be used because
these could easily explain the allowance allocation of Senior High School in Padre
Garcia National High School.
The subject of the study were 22 Senior High School Students in Padre Garcia
National High School. The researchers made use of semi-structured interview guide
as the main instrument to be able gather information and it is through individual
approach.
Conclusion
After the concise findings, the researchers came up the following conclusion:
1. The importance of budgeting is to save money to provide our daily needs.
Furthermore, budgeting is one of the vital rows in our everyday life.
2. The students spend their money for transportation, foods and school
expenses. In addition, they used their allowance for emergency situations.
3. The students encountered the insufficient budget since there is a lot
expenses in school. Moreover, the students allowance is not enough to pay those
expenses.

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4. The insufficient budget affects the performance of the students in school. It
may leads the students in stress such as anxiety and depression. Furthermore, the
students can't afford to buy their wants and needs.
Recommendation
1. Students may know the strategies in budgeting allowance and they may know to set
their priorities.
2. Teacher may pay more attention to teach the students on how they can budget their
money well.
3. The school administrations and facilitators may administer program and activities
that can help the students to learn the techniques in budgeting their allowance and be
made the students to be aware
4. The parents may guide their children to prevent them from experiencing the
negative effect of insufficient school allowance.

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Republic of the Philippines

Statement of the Problem

Specifically, this sought to answer the following question:

1. What are the importance of budgeting allowance in school?

2. How do students budget their allowance, whether it is on a daily or weekly basis?

4. Based on the analysis, what student budget plan maybe proposed?

Scope and Delimitation

studies that can be knowledgeable in handling money. It aims to grow student's

knowledge when it comes to budgeting their school allowance. Researchers have

removed less knowledge of Senior High School Students.

This study is also limited to selected

came up with a number of respondents hoping to generate and compile the

specific organization or group of people because, it will be abundant for researchers to

do so and will also avoid referred to or any return to the study.

Collaborative Research Experience and Achievement Towards Exce

Significance of the Study

they can teach their child in budgeting allowance.

school allowance affect the academic performance of their students.

to know how to avoid having an insufficient school allowance..

enhance their knowledge about identifying authentic ways on budgeting their

school allowance. It will be a guidelines to be a thrifty person.

Future researchers. The ideas to be gathered may help the future

researchers as their guidelines and reference data in conducting a research that

helping others in budgeting allowance.

Collaborative Research Experience and Achievement Towards Exce

REVIEW OF RELATED LITERATURE AND STUDIES

differences of the studies that were found to the current study.

High School Students in Padre Garcia National High School.

savvy (Caole, 2014).

A current national concern is the low financial literacy of college students.

in today's paced economy. Due to an increasingly complex marketplace, college

Collaborative Research Experience and Achievement Towards Exce

Factors Influencing Students to Save Financial Knowledge

financial problems. According to them, students with financial knowledge promote

during the college years.

time students experience a shortage in income or an increase in expenses. An

Collaborative Research Experience and Achievement Towards Exce

effectively for lifetime financial security (Caole Vila, 2014)

manages their allowances.

to manage money.” (Godfrey, 2013)

A study by Umali, (2017) mentioned that everyone needs to be financially

literate and can determine priorities in allocating their resources.

Money is any clearly identifiable object of value that is generally accepted as

payment. There is a motion that is working on teaching basic personal finances to

Collaborative Research Experience and Achievement Towards Exce

period of rapid change, they display a remarkable self-confidence in their judgment."

there is an unforeseen event.

Collaborative Research Experience and Achievement Towards Exce

traits and knowledge.

daily upkeep in school.

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

The idea of Godfrey (2013) "Allowance is not an entitlement or a salary. It is a

Collaborative Research Experience and Achievement Towards Exce

Budgeting Planning Phase Theory

specific resources -- such a labor availability or sources of financing -- that are

potential bottlenecks and redundancies

Financial Socialization-Social Capital Theoretical Framework