Students Budget Practices 1

STUDENT’S BUDGET PRACTICES: IT’S
RELATION TO THEIR FINANCIAL

CAPABILITIES
A Research Presented to the Senior High School Department,

SAINT LOUIS SCHOOL OF SOLANO INCORPORATED,
Solano, Nueva Vizcaya
In Partial Fulfillment of the Course Requirement for the

Subject
Practical Research II
GOMEZ, MAUREEN M.
MACADANGDANG, BEA A.
REY, RANADALE RYAN N.
SOMERA, CYRILLE MAE P.
TABINAS, KEITH WESLEY A.
2022
Solano, Nueva Vizcaya Telefax # (078) 326 – 7458

PAASCU ACCREDITED LEVEL 1 e-mail: saintlouisschoolofsolano@yahoo.com
Leave it Blank
(Your Research teacher will give you the copy of
page 2)

Table of Contents
Chapter I. Introduction 1
Background of the Study ………………………………………….….…………….........3
Statement of Research Gaps ……………….…………………………………....3
Rationale ……………….………………………………………………………..3
Statement of the Problem ……………………………………………………………...…4
Null Hypothesis ……………………….……………………….…………………….......5
Objectives of the Study ……………….………………………….….…………………...5
Significance of the Study ………………………………………….……………………..5
Scope and Delimitation of the study ……………….………………………..…… ……..6
Conceptual Framework of the study ……………….…………………………………….7
Research Paradigm ………………………….……………………………………….…..7
Operational Definition of Terms ……………….………………………………………..8
Chapter II. Review of Related Literature and Studies
Theme A ……………….…………………………………….………………………...10
Theme B ……………….…………………………………….………………………...10
Theme C ……………….…………………………………….…………………………12
Chapter III. Research Methodology
Research Design ………………………………………………………………………..14
Research Method ……………………………………………………………………….14
Sampling Technique ……………………………………………………………………14
Locale of the Study ………………………………………………………………...…...15
Respondents of the Study ………………………………………………………….…...15

Data Gathering Procedure ………………………………………………………………16
Research Instruments …………………………………………………………………...16
List of References
https://www.academia.edu/37042669/
A_DESCRIPTIVE_RESEARCH_ON_ALLOWANCE_AND_BUDGET_OF_ABM_SENI
OR_HIGH_STUDENTS_GRADE_11_12_OF_ST_MICHAELS_COLLEGE_IN_ILIGAN
_CITY_CHAPTER_1_The_Problem_and_Its_Background
https://www.studocu.com/ph/document/first-asia-institute-of-technology-and-humanities/
forensic-science/a-research-on-the-allowance-and-budgeting-of-grade-12-students-in-asist-
main-c-compress/34892466
https://www.studocu.com/ph/document/arellano-university/accountancy/final-research-
group-4-abm-12-b/18445731
https://www.studocu.com/ph/document/lyceum-of-the-philippines-university/research-in-
daily-life-2/research-chapter-1-5-final-budgeting/18975953
https://www.academia.edu/37042669/
A_DESCRIPTIVE_RESEARCH_ON_ALLOWANCE_AND_BUDGET_OF_ABM_SENI
OR_HIGH_STUDENTS_GRADE_11_12_OF_ST_MICHAELS_COLLEGE_IN_ILIGAN
_CITY_CHAPTER_1_The_Problem_and_Its_Background

Chapter 1
Introduction
Money has a big impact to the everyday life of every person. It also plays a big role in every
student. It is something that is typically used as a method of exchange, a yardstick for measuring
value, or a payment method (Merriam dictionary). Young children should be taught money
management skills. They need to be aware of how to create a budget and how to allocate their
resources over the course of the academic year. Every student needs to comprehend the
significance of spending and budgeting in order to not be financially dependent on their parents
in the near future. Spending, on the other hand, is the process of using money for one's wants
and needs, especially at school where many things need to be purchased in order to complete
certain tasks. Budgeting is the process of creating a plan that will determine how much money
can be spent and how it will be used to pay for expenses.
On the other hand, as they mature and learn to satisfy various academic needs, such as
transportation and projects, as well as things they wish to buy for themselves, students learn to
save their allowance. One of the practical skills that is beneficial to everyone, even them, is
budgeting. They gain a greater grasp of financial issues that will be important to them in the
future.
However, As students advance to higher levels of education, particularly in college,
managing their funds becomes incredibly challenging due to the growing duties and
opportunities. Children also have to worry about housing, food, supplies, and socializing in

addition to school, books, and transportation. Given their youth and inexperience, students may
find it difficult to handle.
The most essential resource for surviving in this materialistic world is money. A sensible
individual understands its true worth. Businessmen spending their money when it is essential is
one illustration of this. The good news for them is that they also understand when to make large
investments in things they are certain will be profitable in the future. Everyone uses and saves
money in their own unique ways, regardless of their profession.
Most people nowadays cannot survive without money, and students are among them.
Students depend on money for a variety of daily needs, including food, transportation, wants,
and the majority of their educational costs. While still students and belonging to the millennial
generation, they also want to keep up with trends and buy anything they want. Children must
also pay for whatever they obtain from their stipend. As a result, they are unable to effectively
manage their everyday finances.
Therefore, students were expected to budget responsibly and to know how to allocate their
daily money. While students believe that budgeting is something they should do when they are
strapped for cash, they spend their allowance on extracurricular activities when they have it.
Students often spend their stipend on necessities for school, while some do some internet
shopping as well. Even seeing and holding money is an experience that anyone may have.
People value this to meet their daily necessities, regardless of whether it takes the shape of a
metal coin or a piece of paper. A student who utilizes money frequently should be accountable
for the amount they spend each day.

Early money saving by students is an excellent approach for them to begin managing their
own finances. Learning how to manage money responsibly from a young age is the best way for
students to help themselves and their parents reduce expenditure. There is a proverb that states,
"You have to spend money to save money," implying that in order to save money, one must risk
spending it. Similar to businesses, entrepreneurs must purchase raw materials, manufacture their
products, and then sell them in order to generate cash for their enterprises.
The majority of students only know how to budget and spend their money on the things they
desire, not how to save and plan for their necessities. Students who need to handle their money
just for crucial causes should perform this research. Students that are interested in budgeting and
spending can benefit from this research.
Background of the Study
As stated by Miriam Caldwell (2019), other mistake that people make was by classifying
their wants as needs. When something is categorized as a need, they initially do not think about
reducing it as much. It can be more difficult if they combine necessities and wants into one
category. For instance, eating out was viewed as a want rather than a necessary. Their basic
needs include food, shelter, and power. Depending on where you reside, transportation may be
required.
In addition, needs were something that the people must have or need for survival and wants
refers to something which is good to have, but not essential for survival. That was a common
mistake that the people do when they were spending, they don’t classify their needs and wants.
Also, students were spending their money on many expenses but sometimes they just focus on
spending their money on recreational activities.

According to Telegraph Co.
UK, (2007), Historical terms,
the annual Budget was
According to Telegraph Co. UK, (2007), historical terms, the annual Budget was a relatively
new invention. Its origins, however, lie in centuries of monarchs mismanaging the
country's finances. It was not until the early 18th century that a version of the annual Budget
emerged. The origins of the word Budget lie in the term "bougette"- a wallet in which
documents or money could be kept. While at first referring only to the Chancellor's annual
speech on the country's finances, the word quickly became used for any financial statement or
plan. Moreover, according to Cleverism (2019), one's planning skills are defined as their
capacity to strategically consider and effectively coordinate actions with the aid of any
resources at their disposal in order to realize certain objectives. Before starting a task, planning
essentially serves as a road map that shows us how to finish it. By making this spending plan,
individuals may predict whether they will have enough money to carry out the tasks they must
or would like to. Planning served as a manual for maintaining a daily financial plan. In addition,
as cited by George Peters (2014), making decisions should be influenced by the budget. A
budget was first and foremost a financial statement or a quantitative course of action that was
created and approved ahead of a specific time period. It includes an organization's aspirations
and objectives. Budgets are derived from past experiences and future expectations, which will
serve as a guide for decision making. Budgeting requires preparation and control, which

influences decision. Standards were established from a budget through a control system to
decrease adverse variances to the nearest minimum when they actually happened.
Through budgeting, a student chooses how to allocate their funds, preferring to use it for
academic goals rather than for daily needs. Making decisions can assist kids in setting up a
budget and managing their allowance.
Godfrey (2013) that an allowance was not an entitlement or a salary. It served as a tool for
teaching financial management. Money was given as an allowance. Students needed a place
where they could save money for their wants or basic needs. Allowance also serves as a salary
that must be divided between the needs of the student and school-related expenses. In addition,
according to Miriam Caldwell (2019), One of the most important strategies for money
management was budgeting. The simplicity frequently turned off a lot of folks. budget for the
long term. They connect it with limitations, a lot of work, and headaches. They might think they
were too impoverished to budget
This study's major objective is to learn how and where respondents spend their money on a
daily basis. The primary focus of this study's budget will be on how to allocate each student's
allowances so that they can effectively use their daily, weekly, or even monthly allowances.
Budgeting will differ based on the student, of course. Budgeting will be more important,
especially if the student lives in a dorm where he is responsible for creating his own master
budget for his daily expenses.
Statement of the problem
This study aims to know the relation between Students Budgeting Practices and Their
Financial Capabilities. It aims to answer the following sub-problems:

1. What is the profile of the students in terms of
1.1 Age
1.2 Gender
1.3 Year Level and Strand
1.4 Allowance
2. What are personal budgeting practices of business students to:
2.1 Transformation
2.2 Food
2.3 Luxury and Leisure
2.4 Projects
2.5 Communication
2.6 Savings
3. Is there a significant difference on student’s personal budgeting practices and their
financial capability?
Null Hypothesis
Null: There is no association between Budget Practices and Financial Capabilities of
Students
Alternative: There is association between Budget Practices and Financial Capabilities of
Students
Objectives of the Study
Students spend their money on many things outside the school like food, luxury and leisure,
communication, transformation, and etc. The objectives of this study is to determine the

personal budgeting practices of the students. The researchers want to inform the student the
principles of budgeting.
Signifance of the Study
According to Merriam-Webster Dictionary, budget is a certain amount of money that is
accessible for use based on a plan for how it will be spent, whereas an allowance is a set amount
of anything that is permitted to be used. If we combine these two terms, it would entail
following a strategy when using the money that is available. The significance of many user
perspectives, including those of students, parents, the administration, teachers or professors, and
researchers, is the main emphasis of this study.
Through this study, the students will have a deeper comprehension of budgeting as well as
knowledge of budgeting techniques and their significance.
This study was encouraging everyone to give reliable information on to budget practice.
The findings of this study sought to be beneficial to the following:
For the Students, through this study, the students will have a deeper understanding of
budgeting, and they will have a deeper knowledge about budgeting skills and its importance.
For the Parents, for them to help their young ones in term of studying budgeting
as they knew more about budgeting skill.
The Youth. To increase their awareness and consciousness of their budgeting abilities and to
support them in maintaining their budgeting skills.
Regarding the Researchers. For this reason, the study would serve as a launchpad for their
goals of learning more about the students' awareness of budgeting and its effects on their
financial capacity.

For the Future Researchers. The concepts offered may serve as a source of information in
performing fresh research or examining the reliabilty of pevious findings that are related. This
will also act as a cross reference for them, providing background information or an overview of
budgeting abilities. The effectiveness of having a budget plan is suggested as the researchers'
research topic.
Scope and Delimitation of the Study
The socioeconomic situation of the participants in this study is not discussed. For instance,
the respondents' socioeconomic status, which ranged from below average to above average, and
their parents' income.
The research study is limited and conducted to only 30 students at Saint Louis School Senior
High Student school year 2022-2023. The respondents of the study are from the diferrent strand
of Senior High School grade 11 and 12 since they have the knowledge in budgeting. Each of the
respondents will be given a questionnaire to answer. In order to assure the manageability of the
collected data, the proponents will only provide multiple questions like, checklist, ranking and
rating question. This is used to assess and estimate the amount of money of Senior High School
students on where and how they spend their money and how they manage their finances.
The focus of this study is to

identify the budgeting and

spending behaviour of the
Grade 12 Accountancy,
Business and
Management (ABM) students
at the University of the East,
Manila.
The data collected through the
use of survey with the consent
to the
respondents. The researchers
will use the Simple
Random

Technique because the
respondents are randomly
selected from
Grade 12 students in
different Academic Tracks
including
Accountancy and Business
Management (ABM). This
research
focuses on the current academic
year, 2018-2019. The study will
be

limited only to the budgeting
and spending behaviour of
Grade 12
ABM students. The researchers
will evaluate the students on
their
knowledge about the proper
way of budgeting and spending
their
money. The researchers also
want to know the possible
ways on

how the students budget their
money and how can they lessen
their
expenses to unnecessary things.
Conceptual Framework
INPUT Process
 Survey Questionnaire
PROFILE  Data Gathering
 Age  Analyical procedures
 Gender  Statistical procedures

Inputs
Year level and
Strand
 Allowance
Output
Variables Budgeting Practices of
 Transportation Students
 Food
 Luxury and
Leisure
 Projects
 Communication

Figure 1. Research Paradigm
The diagram shows the organization of ideas.
Input-Process-Output diagram was chosen by the proponents. The inputs for data gathering
are shown in the first box. These are the characteristics that make each respondent unique. The
second box displays the procedures and equipment that will be used to analyze the data. The
final box will include the outcome, which is the major subject of this investigation.
Operational Definition of Terms
 Allowance – a sum of money granted or allotted, typically on a recurring basis for a
certain purpose.
 Project or Requirements – are requirements or tasks that must be accomplished in
order to guarantee the project's success or completion.
 Budgeting – is the process of coming up with a budget. Simply balancing your
expenses and allowance is all there is to it.
 Wants and Needs – are goods or services that are not necessary but we desire or wish
for (wants); defined as goods or services that are required (needs).
 Budget – a projection of costs, income, and resources over a given time period that takes
future financial conditions and objectives into account.
 Food – any material ingested to support a person's nutritional needs.
 Transportation – refers to any type of vehicle that you can travel in or carry goods in.
 Luxury and Leisure – Students typically engage in hobbies or activities after class or
during free time.

 Budgeting Practices – how students often manage their finances and spend their
 Communication – means of connection between people or places, in particular.
 Savings – the amount or money the students have saved.
Chapter 2
Review of Related Literature and Studies
This chapter provides an overview of previous research that will support this study. It
introduces the studies related to this correlational research that comprises the main focus of the
research entitled “Students Budget Practices: Its relation to their Financial Capabilities.” and it
includes the following studies below.

These are the most common
expenses that students should
know how to manage. Students
should know how they can
balance all
of their expenses for a day, a
week and a month. So that even
after the
day they will have the
knowledge on how many or
how much they had
spent the whole day.

According to Alessandra
Anonas (2015), millennial
spend hard –
earned savings on nonessentials
for many reasons: to vent out
stress,
to indulge and to reward
themselves after so many
happenings they
had in their life. Specifically
students because we all know
that even

though students are inside the
school they are in need to spend
the
money to so many things
like foods, school supplies
and other
expenses inside the classroom.
There are times that students
doesn’t
have any idea how much
amount of money they’re
spending because

they are not aware of some
things that is going on in their
environment
and they are not fully informed
on what are things they
supposedly buy.
They just know how to spend
and spend the money and not to
save
any because they still depend
on their parents’ money.

balance all
after the
how much they had
spend hard –

stress,
happenings they
that even
the

and other
doesn’t
spending because
environment

supposedly buy.
save
balance all

after the
how much they had
spend hard –
stress,

happenings they
that even
the
and other

doesn’t
spending because
environment
supposedly buy.

save
balance all
after the

how much they had
spend hard –
stress,
happenings they

that even
the
and other
doesn’t

spending because
environment
supposedly buy.
save
Budget

According to CIMA (Chartered Institute of Management Accountants) UK, a budget is “a
financial plan created and approved ahead of time that often contains predicted revenue to be
received, costs to be paid throughout the time period, and the capital to be used to attain a
certain goal.”
In a view of Keller & Ferrara, “A budget is a plan of action to achieve stated objectives
based on predetermined series of related assumptions.” G.A. Welshstates, “A budget is a written
plan covering projected activities of a firm for a definite time period.” practical tools to make
keeping track of their spending easier in order to develop better financial habits.
Budgeting
Budgeting was essential to everyone, especially to those students with tight means who
nevertheless need to. According to Ryerson (2014), An outline of your monthly cash inflows
and outflows is called a budget. You can identify your spending and saving tendencies and
accomplish your financial goals by using this snapshot of your assets and anticipated or
scheduled spending. The most crucial element of a financial strategy is the budget. The quantity
of money someone has less to do with their income and more to do with how well they control
their expenditure. If you want to effectively manage your finances, you must be aware of where
your money is going. Contrary to what you may have thought, budgeting is not tough,
confusing, or a drag on your happiness. Budgeting actually protects you against future financial
difficulties and a life of debt.
Alessandra Anonas (2015) argues that millennials spend their hard-earned money on non-
essentials for a variety of reasons, such as self-rewarding after a whirlwind of life events, stress
alleviation, and pleasure. Students in particular, as we all know that students still need to spend

money on a variety of items when they are enrolled in school, including meals, classroom
supplies, and other necessities. Since they are not completely informed about what is happening
in their world and the items they should be purchasing, students frequently have no idea how
much money they are spending.
According to the University of Pennsylvania (2015), “The goal of good budgeting is to spend
less than you earn — and to know what you are saving for.” Learning how to budget makes
happy for the futureand spending your money helps you to know if it is only your wants
andneeds. List your goals so that you can understand why you are saving, then decide how you
will create your budget. Second, list your expenses so you can calculate how much you'll save
and create a daily schedule. Make a plan for how you'll use it third. Fourth, discuss it and decide
how you'll consume it with your pals. Finally, keep in mind that since it is your money, you
should treat yourself. In addition to providing you with a range of ways to manage and spend
your money as a student, it also gets you ready for the future. Since it prohibits you from buying
the things you want, budgeting is not fun, but it has many advantages.
Strategic budgeting is the act of creating an overall budget that can last for more than a year.
It helps develop a comprehensive vision for the upcoming situation of an entity (Accounting
Tools, 2020). With the Budgeting Strategies, budgeting might be a leeway for people from
stress. Strategic planning is the term referred to as how an organization defines its strategy.
Strategic planning establishes broad objectives and develops a strategy to achieve them. The
budget is in sync with the strategic strategy thanks to strategic budgeting. The procedure that
enables people to manage their money properly over an extended period of time is the creation
of a long-term budget. The purpose of budgeting is to develop a plan that serves as the

foundation for a long-term vision of one's potential and position. Budgeting is essential for all
kinds of companies. Ribnick and Nathan (2019) state that the crucial role of budgeting is
translating vision into reality. Tracking and analyzing the budget can show the most profitable
area of a business and help identify areas where cost savings would have the most impact
(Poster, n.d).
Financial Literacy
According to [CITATION Man09 \l 1033], the ability of consumers to make financial
decisions in the short or long term that are in their best interests is typically referred to as
"financial literacy." Poor mortgages made by many Americans of modest means that contributed
to the recent catastrophe in the US and global banking institutions have been partially attributed
to low levels of financial literacy. Additionally, low or even negative rates of personal savings
are likely a result of the lack of financial awareness.
As stated by [ CITATION Fik17 \l 1033] Financial literacy is considered a very useful tool
for seeing how people deal with financial problems. People are better able to handle financial
issues if they have confidence in their financial literacy. Governments take into account the
financial literacy of their citizenry when formulating policies and addressing the financial
difficulties facing society. Data on financial literacy from different countries can also be used to
make comparisons. If these nations' financial literacy levels are equivalent, then different
countries can share knowledge. Furthermore, the level of financial literacy can be used as a
benchmark to rank countries in ascending or descending order. Governments can enhance
retirement planning by evaluating their constituents' financial literacy.

According to a study by Lusardi and Mitchell, many households lack even the most
fundamental understanding of economic principles that are necessary to make decisions about
saving and investing. Young and old people in the United States and other nations appear to be
hopelessly uninformed about basic financial principles, with major implications for saving,
retirement planning, mortgages, and other decisions. Such financial illiteracy is pervasive.
Governments and a number of charity organizations have responded by launching projects to
improve financial literacy.
According to [CITATION GUL17 l 1033], the idea and meaning of financial literacy are
frequently debated by academics. In academic writing and the media, terms like financial
literacy, financial education, and financial knowledge are frequently used interchangeably.
Accordingly, Kozina and Ponikvar (2015) defined financial literacy as the elements of human
capital used in financial activities to enhance a person's financial well-being. On the other hand,
financial literacy is the fundamental ability and information required for people to survive in
contemporary society, according to Mahdzan and Tabani (2013). In addition, Krachowska
(2015) asserts that the definitions of financial literacy encompass the capacity for securing one's
own income, the capacity for cost decision-making, the understanding of the effects of one's
current and personal choices on one's present and future earnings, and the capacity for job
market orientation.
Chapter 3
Research Methodology

This chapter presents the research design, method, sampling technique, locale of the study,
respondents of the study, data gathering procedure and the research instruments of the entitled
“Students Budget Practices: Its relation to their Financial Capabilities.”
Research Design
This study operates through a Stratified Sampling Technique. To gather all the 30 Student,
all student from the large population must be grouped first and then interviewed. All necessary
data must be gathered to see the behaviors of the student. Due to the group of respondents their
attitudes, characteristics and behaviors must be explored on how they practice their budgeting
skills. Quantitative survey research design was used for this investigation. This type of research
are aiming to identify a representative sample, to collect data. It process of selecting the
representable units from a large population. For the clarification examining of the data
collected, Analytical research design was used to analyze the collected data.
Research Method
Among the quantitative research methods, a correlational method was used in this study in
order to gather the necessary data. The characteristics of this method were used as a tool to
compare the grade 11 and 12 students regarding their allowances and budgeting practices.
Sampling Technique
The Students of Saint Louis School has a student exceeding 2500 for the school year 2022-
2023. The researchers got the sample size using the stratified sampling and the total respondents
was 30, 15 were from the different strand of grade 11 and 15 were respondent from the Grade
12. The total of respondents for the Grade 11 and 12 were 30.
Locale of the Study

The locale of the study was conducted in Saint Louis School. Researchers acquired data by
asking the students of Grade 11 and 12 of Senior High Scool to fill out surveys regarding their
financial capacities and different budgeting techniques.
The image below is the map of the Saint Louis School:
Figure.1 the map of the Saint Louis School
Respondents of the Study
The respondents of this study are 30 students from different year levels. The respondents
were only limited to people doing the budgeting on their own. They were classified according to
age, sex, occupation, social class, and residency.
The participants can be recruited via personal or messenger. The researchers will use a non-

probability sampling technique, specifically the Stratified Random Sampling, and with that, the
people who already answered it could refer to people they think that can fit the descriptions and
know how to answer questionnaires.
Data Gathering Procedure
The researchers have requested approval of the questionnaires from the research adviser,
research coordinator and the officials of the school. After the approval, the researchers will
conduct a survey to the respondents using the questionnaire. On the other hand, the researchers
will only start conducting the survey when the permission to conduct was approved.
Questionnaires are set of question that was answered through multiple choices. The survey was
created using accurate questions from related research study and individually formed by the
researchers and it will be done for several days. The confidentiality of the respondents we’re
given time to answer all the questions with the guide of the researchers. After conducting the
survey, the answer that gathered will be tallied by the researchers and will go through the
statistical treatment Spearman Rho to analyze how strong the relationship of the budgeting
skills and student financial capability of the respondents at Saint Louis School.
Research Instrument
In order to collect information for the study, the respondents were asked to complete a written
list of questions called a questionnaire. The research adviser reviewed the questionnaires, which
will now be submitted for review by the teacher. The purpose of the surveys was to evaluate
student’s financial capabilities in connection to their budgeting skills. The researchers affirm
that the questionnaires were only appropriate for students. The statistician undoubtedly tested
the questionnaire.

The first part of the questionnaire was the Demographic Profile of the respondents which
consisted of age, gender, grade level. The second part was the assessment of the respondents
towards the budgeting skills. It was composed of the questions that were based on how they do
skills in budgeting. Furthermore, the confidentiality of the answers and personal information of
the respondents was secured. Only the researchers will read and use the information gathered.


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STUDENT’S BUDGET PRACTICES: IT’S

RELATION TO THEIR FINANCIAL

A Research Presented to the Senior High School Department,

In Partial Fulfillment of the Course Requirement for the

Solano, Nueva Vizcaya Telefax # (078) 326 – 7458

(Your Research teacher will give you the copy of

Solano, Nueva Vizcaya Telefax # (078) 326 – 7458

Solano, Nueva Vizcaya Telefax # (078) 326 – 7458

Solano, Nueva Vizcaya Telefax # (078) 326 – 7458

can be spent and how it will be used to pay for expenses.

However, As students advance to higher levels of education, particularly in college,

Solano, Nueva Vizcaya Telefax # (078) 326 – 7458

find it difficult to handle.

money in their own unique ways, regardless of their profession.

manage their everyday finances.

for the amount they spend each day.

Solano, Nueva Vizcaya Telefax # (078) 326 – 7458

spending can benefit from this research.

Background of the Study

spending their money on recreational activities.

Solano, Nueva Vizcaya Telefax # (078) 326 – 7458

Solano, Nueva Vizcaya Telefax # (078) 326 – 7458

budget and managing their allowance.

were too impoverished to budget

budget for his daily expenses.

Statement of the problem

Financial Capabilities. It aims to answer the following sub-problems:

Solano, Nueva Vizcaya Telefax # (078) 326 – 7458

1.3 Year Level and Strand

2. What are personal budgeting practices of business students to:

2.3 Luxury and Leisure

3. Is there a significant difference on student’s personal budgeting practices and their

Null: There is no association between Budget Practices and Financial Capabilities of

Alternative: There is association between Budget Practices and Financial Capabilities of

Objectives of the Study

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Signifance of the Study

According to Merriam-Webster Dictionary, budget is a certain amount of money that is

researchers, is the main emphasis of this study.

knowledge of budgeting techniques and their significance.

The findings of this study sought to be beneficial to the following:

as they knew more about budgeting skill.

support them in maintaining their budgeting skills.

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Scope and Delimitation of the Study

their parents' income.

The focus of this study is to

Solano, Nueva Vizcaya Telefax # (078) 326 – 7458

Solano, Nueva Vizcaya Telefax # (078) 326 – 7458

Solano, Nueva Vizcaya Telefax # (078) 326 – 7458

Solano, Nueva Vizcaya Telefax # (078) 326 – 7458

Solano, Nueva Vizcaya Telefax # (078) 326 – 7458

The diagram shows the organization of ideas.

Operational Definition of Terms

 Allowance – a sum of money granted or allotted, typically on a recurring basis for a

 Project or Requirements – are requirements or tasks that must be accomplished in

order to guarantee the project's success or completion.

 Budgeting – is the process of coming up with a budget. Simply balancing your