Senior High School Department

Spending Behavior of Selected Grade 11 ABM Students in

UPHSD- Molino
Munoz Mary Joy S., Nakazawa Yamato D., Narvaja Jessa.,
Oliver Kaye Tatjana, Paghubasan, Rolyn
Senior High School Department
University of Perpetual Help – Molino

INTRODUCTION

Background of the Study

Money plays a vital role in every person's life. Merriam Thesaurus Dictionary
defines money as a something customarily and legally used as medium of exchange, a
measure of value or a means of payment. It is used to buy goods and materials that is
important in human survival. It gives us satisfaction, avoid hunger and even give us
power especially nowadays that our society cannot function without money. It only
means that everything found in this world can be bought by money.
This paper studied the spending behavior among selected Grade 11 ABM
students of University of Perpetual Help-Molino Campus. If these students are being
taught about money, then they have a big opportunity of understanding in spending it
wisely. According to a research of Westwood College in U.S., most of the seniors and
college students spend the least of their allowance in transportation, books and supplies
but spends 40% on discretionary activities — entertainment, apparel and services,
travel and vacation. In fact, all people in different fields have their own ways to spend
and save their money. On the other hand, students have their own ways too. As they
grow and meet other different requirements in school as well as things they want to buy
for their own. Budgeting is one of the practical skills that come in useful for them. It
helps them to attain a better understanding of financial matters that would become
handful in their future.
However, with escalating responsibilities as they go to a higher level of
education, particularly in senior high school, it is very challenging to students to budget
their money or allowance. Tuition, textbooks and transportation is not the only things
they are worried about, food and supplies together with socializing. With a very young
age and lack of experience, it might hard to a senior high school student to budget their
allowance on their own. The manner in which students manage their money is based on
several factors such as age, personality traits, and knowledge (Norvilitis, et al., 2006).
This paper studied the spending behavior among selected Grade 11 ABM students of
 Senior High School Department

University of Perpetual Help-Molino Campus. If these students are being taught about
money, then they have a big opportunity of understanding in spending it wisely.
According to a research of Westwood College in U.S (2009) most of the seniors and
college students spend at least of their allowance in transportation, books and supplies
but spends 40 percent on different activities-entertainment, apparel and services travel
and vacation

Review of Related Literature(Cite at least 10 studies)

Theoretical Framework
Students all over the world spend in several different ways, but close market
research on student spending indicates that there are several common patterns that can
be seen. Spending habits in adolescents is changing drastically in the last few years,
but that change is almost uniform in all the metros of the world. Commercialization has
begun targeting students' spending habits a very long time ago. (IFIM Students Lifestyle
and Spending Habits, 2009) According to a study conducted by a bank and financial
institution, youths fork over money to buy cellphone load, to play computer games at
Internet cafes and to buy cigarettes and alcohol. They also spend money on going out
and on clothes and accessories. (TJ Manotoc, ABS-CBN News, 2010) Teens hang out
and shop. Teens are active consumers in terms of the money they spend, as well as in
the influence they wield in their families and on societal trends. Despite being raised in a
period of rapid change, they display a remarkable self-confidence in their judgment.
(Tempo, 2010) A lot of the number of students seem to want what is the “in” trend, what
people are doing or using “right now”. Most teens will usually have one or two sources
of income, either allowance from their parents or a job. The answer to this question isn't
found by looking at the income of the family or social status, it's more a way of living and
rearing that the parents have given their children. (Felipe, 2007) “Despite the Filipino
teens’ having limited budget to spend, low price does not necessarily make any brand a
shoo-in for their patronage,” explained Ming Barcelona, TNS Philippines Associate
Research Director. “The TRU study reminds us the mindsets, preferences and
purchasing habits of Filipino teens, whether on brand values, the latest product
offerings, or on values and social issues should not be ignored,” added Gary De
Ocampo, TNS Philippines Managing Director.

Research Questions
If these students are being taught about money, then they have a big opportunity
of understanding spending it wisely. Even though they're just students and not yet
 Senior High School Department

applying the major purpose of their strand as an accountant or businessman they are
still part of our economy. Questions regarding the study are listed below:
1. What are the different spending behavior of the students especially the ABM
Students?
2. How do they spend their allowance?
3. What are the most priority as well as least priority in creating a budget plan?
Significance of the Study
It is incontestable that the students allowance nowadays increases compare to
the past generation. This is because there are factors why this event happened. Some
of these are the increase of school-related goods, mode of transportation, school fees
or even the higher demands of the students nowadays. This study will benefit the
following:
ABM Students- This study will help the ABM students in understanding the
different spending behaviors of the youth today. It will enhance their capacity to apply
their knowledge from the ABM field to the real world as a part of their daily practices ad
living
Parents- It will be helpful to the ABM’s students’ parents as they are the most
affected in term of monetary issues. To give them some information about the factors
affecting the spending behavior of the youth today
ABM Teachers- this study will help them in assisting the students as they teach
about money related issues and expenses
Future Researchers- This study will provide information or data to guide ad that
will help them in studying the spending behavior of the ABM’s students
Scope and Limitation
The scope of this study is restricted to the selected Grade 11 ABM students
studying in the University of Perpetual Help System Dalta - Molino Campus. This study
is limited to 10 ABM students of UPHSD-MOLINO Campus. An interpretation of the
study is based o the assumption of the student’s respondent is given correct
information. Besides, the study has the limitation of time, place and resources.
Definition of Terms
The following terms are defined conceptually/operationally for the better
understanding of the study:
 Allowance - amount of money given to ABM students. A share or portion allotted
or granted.
 Budget - the amount of money that is available for, required for, or assigned to a
purpose
 Senior High School Department

 Spending - to use up or pay out.

 Behavior - the manner of conducting oneself.
 Spending Behavior - defined as the act of disbursing money in response to an
action, environment, or person in the satisfaction of needs and wants.
 Money - something generally accepted as a medium of exchange, a measure of
value, or a means of payment.
 UPHSD – serves as University of Perpetual Help System Dalta
 ABM - serves as Accountancy, Business, and Management, is a strand perfect
for those inclined in mathematics and for those persons who want to venture into
the world of business, marketing and enterprise