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Chapter 1

THE PROBLEM AND ITS BACKGROUND

Introduction

Most individuals today depend on money to survive, and among them

are one of the things that students needed the most daily was money. Spend on
things like food, transportation, wants, and school expenses. Additionally, they
want to follow trends and purchase anything they desire while still being
students and members of the Generation Z. Additionally, students are required
to pay for anything they receive in their allowance. Students have the tendency
to spend their allowance on what they want rather than what they need and that
is one of the reasons why they can’t manage their allowance effectively.

Being able to manage your own finances well is crucial for young
people as they begin to live independently in today’s economy, which is
changing quickly. Because students frequently get an allowance to cover their
everyday expenditures and spending money, high school is a crucial period to
learn about money. Students in Grade 11 at Signal Village National High School
who are concentrating on courses like accounting, business, and management
have a unique challenge among the range of classes available in high school.
They must learn how to balance the demands of their academic workload with
sensible money management.

Students often receive their money once each week, frequently on

Mondays, to meet their weekly costs. However, there are some circumstances
where students may get their money every month or even every day. Teenagers
receive this money, sometimes referred to as a “allowance,” while they are
enrolled in school. It is intended to assist individuals in making purchases of the
goods they require and desire.
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Background of the Study

In the 21 st Century, budgeting the allowance is difficult to handle. A lot

of necessities need to be provided, and as a Senior High Student, the allowance

given by our guardians are not enough to fulfill it. It is essential for students to

have their own budgeting practices. Along the way having our lives every day,

food and other important essential needs are the most priority because health is

our shield to deal with those diseases or for the hard work that researchers do.

Budgeting practices are our thing to hold out in our hands or to apply to our lives

every day since our generation today is so social, more focused on money on

how that deal with wants since the wants of individuals were so hard to stop or

to prevent especially the students who think a lot of artifice

The importance of budgeting practices for Grade 11 ABM Students is to

achieve carefulness in handling their allowance. It is essential for Grade 11

ABM Students to know what budgeting practices suits the best in using their

money, this helps us to investigate how student manage their money wisely.

There are a lot of factors to understand the budgeting practices of ABM

students, senior high students tend to experience contributing money for school

purposes, in food these students consume, for the studying materials they need

to avail that is require as an ABM students of SVNHS, etc.

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Researchers aim to identify the key factor in budgeting financial

allowance of gr.11 ABM students that influence how they budget their allowance

in everyday that they encounter as a Senior High Students, including allowance

(daily, weekly, monthly). The study will investigate how students budget

depending on how they are given their allowance if it is daily, weekly, monthly

and how it can differs on one another. The study will also investigate on

understanding of budgeting practices purposes and how it would help students

in budgeting their financial allowance to suffice on every student expenditures

for school purposes.

The result of this study could helps students to identify what budgeting

practices suits better for their allowance given by the person that provides their

allowance. It could also help other students to know what is the best budgeting

practices to suits their allowance. This could contribute to students knowledge in

handling their financial allowance.

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Theoretical Framework

The following theories listed below will help the researchers to

understand why respondents budget their limited money:

This study is anchored on the Theory of Personal Budgeting by

Simone Galperti (2019). In this theory, it is suggested that consumers use

personal budgets to manage self-control problems, frequently generated by

current bias which somehow interferes with their saving goals. It describes the
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delicate mechanism, their interaction with minimum-savings regulations, that

makes a budgets useful commitment.

This study is also based on the “Rational-Choice Theory” by Adam

Smith (1776). This theory simply states that individuals employ logical

calculations to make rational decisions and arrive at results that are in line with

their own personal goals. Given the restricted options available to them, using

rational choice theory is anticipated to provide results that give people the

maximum benefit and happiness.

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Conceptual Framework

(WRITE YOUR RESEARCH TITLE)

INPUT PROCESS OUTPUT

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Statement of the Problem

Understanding Budgeting practices and money management are important

skills for us especially since we, Grade 11 ABM students are entering

adulthood.

This study aims to understand the budgeting practices of Grade 11 ABM

students in handling their financial allowance. This study seeks to provide an

answer for the following questions:

1. What factors influence the budgeting practices of Grade 11 ABM

students.

2. What are the common budgeting practices among grade 11 ABM

students when managing their financial allowances.

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3. How does the students handle their financial allowance in terms of:

3.1. Daily Allowance

3.2 Weekly Allowance

. 3.3 Monthly Allowance

Scope and Delimitation of the Study

This study focuses on the budgeting practices in handling financial

allowance among selected ABM students at Signal Village National High

School, for the School Year 2023 -2024. The data collection will be conducted

with selected ABM students at Signal Village National High School, who will

represent the population. This study will cover the best practices for handling

financial allowances. The respondents will be invited to an interview to answer

some questions from the researcher. The result of this research will be

applicable only to the respondents.

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Significance of the Study

This study must be conducted to find out the budgeting factors of

budgeting practices of Grade 11 Accountancy Business Management students.

This study is beneficial to the following.

TO THE STUDENTS

The importance of this research study is to notify students on how they

will practice their financial allowance provided by their parents and help them to

apply it to their daily lives. Considering the method by which students budget

their allowance for their expenses.

TO THE PARENTS

This research will help the parents to notify by knowing how their

children manage the giving financial allowance properly and apply practices for

how they will expend the money for school expenses and to learn more about

what and how their child spends their money.

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TO FUTURE RESEARCHERS

Future researchers can use this research as their guide to attain more

information. This research will be useful for the researcher's background of

information and provide them additional knowledge as well as letting them gain

some information that may be required for future study.

SCOPE AND DELIMITATION

This study focuses on the budgeting practices in handling financial

allowance among selected Grade 11- ABM students at Signal Village National

High School, for the School Year 2023 -2024. The data collection will be

conducted with selected ABM students at Signal Village National High School,

who will represent the population. This study will cover the best practices for

handling financial allowances. The respondents will be invited to an interview to

answer some questions from the researcher. The result of this research will be

applicable only to the respondents.

DEFINITION OF TERMS
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Money Management: Typically refers to the fundamental principles and

strategies used to control and oversee personal or organizational finances

effectively. It also involves a set of practices and techniques aim at making

informed decision about saving investing and spending.

Expend: It implies the utilization of funds or asses for various activities including

purchasing goods or service, investigating projects convering operation cost.

Expenditures: Arrange if financial concepts related to the spending money,

assets or the sources for various purposes. This terms is crucial for affecting

financial planning and management.

Fulfill: Typically refers to die completion of achievement of a goal, obligation or

desire

Artifice: Generally refers to the clever or cunning strategy or technique of ten

employee the intent to deceive or manipulate others. It can also refer to as

cleaver or skillfull tricks or plot used to achieves an specific outcome.

Aim: refers to the specific financial goal or objectives that an individuals or an

organization seeks to achieve. It can also for crucial on effective financial

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planning and health’s directing resources and efforts towards achieving desired

outcomes.

Suffice: Having enough financial resources to make once basic needs and fulfill

essential financial obligations.

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Chapter 2

REVIEW OF RELATED LITERATURE

Foreign Studies
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Local Studies
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Foreign Literature
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Local Literature
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Chapter 3

Methodology

Research Design
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Method of Research
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Population, Sample size and Sampling Technique

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Description of Respondents
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Research Instrument
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Data Gathering Procedure