Chapter 2

REVIEW OF RELATED LITERATURE

This chapter presents the review of related literature that have bearing on the

present study. It also includes researches taken from thesis and dissertations that

are significant to the present undertaking.

A. Related Literatures

LOCAL

Angcanan (2020) Setting up a detailed budget for daily allowances. The kids

are able to determine how much money they will need to spend thanks to it. They will

also be aware of the anticipated amount of money they will make. Because it limits

spending, budgeting encourages efficiency and economy. It helps you become

conscious of your financial situation. It does not prevent you from enjoying things;

rather, it makes sure that you do so when you want to. You should use your

accounting knowledge to budget daily allowances as an ABM student. The company

needs to implement effective budgeting procedures that can deliver accurate results

in order to meet its objectives. Because it improves your analytical and measurement

skills, being an ABM student might help you manage your daily allowances better.

Additionally, it enhances your financial planning and management abilities. We can

boost our savings because of budgeting. You will experience less stress when you

develop exact money management skills. Making daily allowance budgets helps us

improve our ability to make decisions about things like what to buy and how much to

pay for transportation. Managing allowance is advantageous. We start learning how

to handle money at an early age, which is relevant to the ABM course we are doing.
 It is impossible to overstate the importance of education for economic growth,

which is why every effort must be made to enhance the educational system

effectively. One of the main obstacles to educational success and development for

both individuals and society at large has been recognized as finance. The goal of

this study is to ascertain how finances affect secondary school students' academic

performance and achievement. A student who has little money and illiterate parents

will find it difficult to succeed in school because he lacks access to electronic media,

an educated sibling, and friends from whom he can learn. If the learner lives in a

remote rural location cut off from contemporary culture, the task is considerably more

challenging. Students from intellectually rich backgrounds with knowledgeable

parents who can easily give anything the student needs to improve his or her

learning process will fare better. Dang (2020)