BUDGETING STYLES OF ABM STUDENTS IN THEIR ALLOWANCES

AT SAN ANDRES VOCATIONAL SCHOOL SY 2022-2023

_______________________________

In partial fulfilment
of the requirements in
PRACTICAL RESEARCH 1

_______________________________

PRINCE JUSTIN S. SOLANO

VENICE E. PAMPLONA
MARYDEL D. SOMIDO
RANDY PORNOBE
July, 2023
 San Andres Vocational School
SENIOR HIGH SCHOOL UNIT
San Andres, Catanduanes

APPROVAL SHEET

This Research Project of Prince Justin S. Solano, Venice E.

Pamplona, Marydel D. Somido, and Randy Pornobe entitled
“Budgeting Styles of ABM Students in their allowances at San
Andres Vocational School SY 2022-2023” which is prepared and
submitted in partial fulfilment of the requirements for the Practical
Research 1 in Accountancy, Business and Management, is hereby
accepted.

CHRISTINE M. SOCAO
Research Adviser

MINETTE R. BRILLANTE
Chairman

MA. LORYLYN R. BURCE ENGR. MELOGAY D. ALBERTO

Member Member

JON ALLEN M. SARMIENTO

Member

Accepted and approved in partial fulfillment of the requirements

for the Practical Research 1 in Accountancy, Business and
Management.

RECOMMENDING APPROVAL

ALLAN M. BENOYO
OIC-Assistant Principal/SHS Coordinator

APPROVED

MAYBELLE V. RUBIO
School Principal II
Date: ____________
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 San Andres Vocational School
SENIOR HIGH SCHOOL UNIT
San Andres, Catanduanes

CERTIFICATION OF THE EDITOR

This is to certify that the research of PRINCE JUSTIN S. SOLANO,

VENICE E. PAMPLONA, MARYDEL D. SOMIDO and RANDY PORNOBE,
entitled “BUDGETING STYLES OF ABM STUDENTS IN THEIR
ALLOWANCES AT SAN ANDRES VOCATIONAL SCHOOL SY 2022-
2023” has been edited along format, language and content.

LORAINE D. TAULE
Language Editor

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 ACKNOWLEDGEMENT

We would like to express our profound gratitude –

To our research teacher and also class adviser, MRS. CHRISTINE

M. SOCAO for the unrelenting support, guidance, encouragement and
wisdom she gave to us through the journey of writing this study.

To our dear panelists, who gave us great advices and

recommendations that contributed for finishing this research.

To our respondents, Grade 11 and 12 ABM students, for their

willingness to be our subject and to their cooperation that resulted to a
reliable data collection that helped us in our research.

To our family, especially to our dear parents, for the unwavering

support, care and encouragement they gave for us.

But above everything, to the ALMIGHTY for all the greatness he

gave to us and to other people. For always showing the way whenever
we’re blind and could not find the answers to our questions, and help us
complete this research study.

P.J.S.S, V.E.P, M.D.S & R.P

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 DEDICATION

To those who are part of this research:

To my Mama and Daddy
to my brothers, Nonoy, Batching and Jacob
to my Lola, thank you for the love and care while doing this research.

To my friends, Glaizy, Sarah, Danielle, Alliyah, JB,

Arwena, Winddylynn, Bern, Dwayne and Jan
thank you for your help and advice.

To Maam Tin, thank you very much for the support and guidance to us
especially to me in doing analysis and finalizing this research.

To my research buddies, thanks to all of you for the sleepless night and
collaborating to our study.

To my special someone thank you…

Last but not least, thank you Lord for all the blessings!

PRINCE

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 DEDICATION

This study is dedicated to my beloved parents, Mr. Severiano R.

Pamplona and Mrs. Nelia Eusebio; to my brothers and sister, Prince Sen,
Neil, Esteven, and Annie; to my teacher and friends,
who have been the source of inspiration
and give me strength when I thought of giving up,
who continually provide their moral support,
emotional and financial support.

Moreover, I dedicate this research to Almighty God who gives me

strength, knowledge, guidance, security and good health
while doing this.

Thanks…

NES

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 DEDICATION

This research is dedicated to:

My father, Mr. Rodel B. Somido
and my mother Mrs. Mary Ann D. Somido
my two brothers, John Reymond and John Dhel
my other relatives,
my friends,
my classmates,
my teachers,
my k-idols, Bangtan boys
and most especially, to Almighty God.

MERDZ

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 DEDICATION

Above all, I wholeheartedly and proudly dedicate

this to God for His unending love, guidance and wisdom
throughout this study
To my family, you are all my inspirations and motivations
throughout the process of this research.
Thank you Papa for the understanding, encouragement
suggestions and financial support.
To my groupmates, thank you for all the efforts
and time spent in finishing this study

RANDY

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 ABSTRACT

SOLANO, PRINCE JUSTIN S., PAMPLONA, VENICE E., SOMIDO,

MARYDEL D., PORNOBE, RANDY “BUDGETING STYLES OF
ABM STUDENTS IN THEIR ALLOWANCES AT SAN ANDRES
VOCATIONAL SCHOOL SY 2022-2023” (Unpublished Research,
San Andres Vocational School, San Andres, Catanduanes,
2023)

The study determined the Budgeting Styles of ABM Students of

San Andres Vocational School SY 2022-2023 in their allowances. It
sought answers to the following specific questions: 1) What is the
demographic profile of respondents in terms of sex, age, grade
level/section, and address? 2) What are the budgeting styles of ABM
students in their allowances? 3) How do the budgeting styles help the
students in managing their finances?
The budgeting styles of ABM students in their allowances help
the students in budgeting their allowances. This study significantly
benefit the ABM students, parents, teachers and also the researcher.
The study founded that most of the ABM students at San Andres
Vocational School SY 2022-2023 are 16-18 years of age; majority are
female and most of the respondents are from grade 11-Bravery
Budgeting Styles of ABM Students in their allowances.
50/30/20 Rule, that prioritize needs over wants and this strategy may
make budgeting a little simpler.
While the other respondents budgeting styles are: 80/20 Rule,
Reverse Budgeting and No Budgeting.
Budgeting Styles helps the ABM students in managing their
finances.
These budgeting styles help students in handling their money:
Budgeting Styles assist the students in allocating their money for their
goals, establishing priorities by setting goals, and experiencing as few
worries as possible whenever an unforeseen situation arises. Saving for
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wants, assisting with expense tracking, and saving for future uses or
emergencies.
The researcher offers the following recommendations:
The researcher advised that this study should not have chosen the
ABM students to be their respondents since proper budgeting their
allowances has already been taught to them.
The researcher's most recent suggestion is that additional studies
should be done to evaluate the students' concerns with budgeting and
financial management at the school, particularly among senior high
school students.

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 TABLE OF CONTENTS
Page
TITLE PAGE i
APPROVAL SHEET ii
CERTIFICATION OF THE EDITOR iii
ACKNOWLEDGEMENT iv
DEDICATION v
ABSTRACT ix
TABLE OF CONTENTS xi
LIST OF TABLES xiii
Chapter
1 INTRODUCTION
Background of the Study 1
Statement of the Problem 2
Scope and Delimitation 3
Significance of the Study 3
Definition of terms 4
2 REVIEW OF RELATED LITERATURE AND STUDIES
Related Literature 6
Related Studies 8
Synthesis of Related Literature and Study 9
Gaps Bridge by the Present Study 10
Conceptual Framework 10
3 RESEARCH DESIGN AND METHODOLOGY
Design of the Study 12
Sources of Data 12
Sampling Technique 13
Instrumentation and Validation 13
Data Gathering Procedure 14
4 DICUSSION OF RESULTS AND ANALYSIS
Profile of ABM Students 15

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 Budgeting Styles of ABM students in their allowances 17
Budgeting Styles helps the student in managing finances 17
5 SUMMARY, CONCLUSIONS, AND RECOMMENDATIONS
Summary 19
Findings 20
Conclusion 22
Recommendations 23

REFERENCES 24
APPENDICES
A Letter Request to the Respondents 26
B Questionnaire
27

ATTRIBUTION TABLE 28
CURRICULUM VITAE 29

xii
 LIST OF TABLE
Page
1 Population of the Respondents 13
2 Profile of the Respondents 16

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