St.

Clare College Of Caloocan

Zabarte Road, Camarin Caloocan City

Introduction

Are you in home economic strand? Have you ever experience shortage in
your allowance? How if there’s a lot of an expense that you need to pay but you don’t
have enough money? What will you do? Got nothing inside your pocket every time you
have activities like classroom contributions or always low in budget for school supplies?
Or always have an insufficient fund to buy something you need in school projects or
something you want in school? If you are, then this study can help you with your
problem and can give you strategies on how you will budget your weekly allowance. It
might help you to balance your daily allowance and to spend your money wisely.

Some students are unable to handle their money because of various school expenses so
their money is easily depleted. To begin, Going to Senior High School is an important
part of any person's life. It is probably the first time students get to experience
independence. Being independent is both a privilege and responsibility. To be a
responsible student isn't something that can be achieve overnight. It needs to be put in
mind and be an attitude. One of these responsibilities Is managing their allowance. One
of the challenges that every student encounter is to manage the money their parents
provide them. Many students are having a hard time in terms of budgeting their
allowances. Money as one of the main necessity plays a significant role in every student
to survive Senior High School.

Home economics is such an expensive strand. You will be buying lots of things
especially in cooking class. So we should be able to budget our money on a daily basis.
Therefore, our group conducts a study for you to help and lessen your worries about
your allowance and for your allowance to meet the said day.
This study may be helpful to other students who have difficulty with their budgeting.
This study will help others have ideas on budgeting their money. If you take the Home
economic strand, you will also learn how to balance your own money and the other
things you can spend inside the school. We all know that the home economic strand will
cost a lot because it has different parts of the business. So If you don't have enough
money for a week to get in, this study can help you.

Other students suffer from hunger and save money just for school expenses. So most of
their money goes to expenses and they are no longer able to use it for their own needs.
School expenses are inevitable especially since we are in grade11. So the only problem
is the poor or low allowance of daily expenses . We learn to save money for our school
needs, so sometimes we don't have to save for our own needs because all our money
goes to school expenses.
 St. Clare College Of Caloocan
Zabarte Road, Camarin Caloocan City

The content of this study is about how students budget their daily or weekly expenses.
Thus in our study they can come up with a budgeting strategy. It also helps to avoid the
hassle of budgeting their allowance.

Background Of Study

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. The manner in which the students manage their money depends
on their daily needs; somehow it changes due to some factors. Students have their
personal needs, and through this study we will know how and where they generally
spend their money. The more knowledge students have about their financial responsibility
and status the less likely they are to be in debt. Allowance is a necessity for every
student. It is a means of survival. It can also help students be financially responsible.
Being essential, it is just right to state that students shall be able to budget their
allowance appropriately.

In our day we can say money is the most important thing in our daily lives. Money is
the thing that makes us live by the money we can buy all our life needs. We all pay
for it and as a student this is also one of their most important needs in terms of how
much a single student spends with their daily fare, their meals, the endless school
project, excessive school requirements and non-existent school fees and especially school
contribution.

For a long time ago, We all knew that budgeting an allowance for a student is quite
difficult because there are lots of expenses being a student specially in the strand Home
economics and also the expenses had become expensive than before and Generations are
not the same anymore because generations now are more luxury and leisure. They want
to buy everything; they want to buy it even though they don't have to buy it just
because they want it. And the rates of things got higher. There`s a lot of expenses
being a student we have our daily transportation, food, project, and others school fees.
Therefore, our group would like to conduct a study on how the students will budget
their allowances and also to help those students who don’t know and can’t handle their
allowance well.

Let's say that not only Home economic strand have a costly strand but we can say it is
really expensive because it has a lot of work to do. There are still hours and days when
 St. Clare College Of Caloocan
Zabarte Road, Camarin Caloocan City

the work of the disciples is at the same time. There are projects and assignments that
you will need to finance and in addition to the Home Economic Strand fee requirement.

Conceptual Framework

INPUTS PROCESS

Profile 1. Survey questionnaire

1. Age 2. Data gathering

2. Year Level 3. Interview

3. Class Schedule

4. Amount of allowance

5. No. of class days per week

Variable OUTPUT

1. Food
2. Transportation ~ Strategies of student in
3. Luxury and Leisure budgeting allowance
4. Projects and Books
5. Savings
 St. Clare College Of Caloocan
Zabarte Road, Camarin Caloocan City

Significance of the study

Budgeting is an amount of money available for spending that is based on

a plan for how it will be spend and allowance is an amount of something that is
allowed or available. If we connect these two words, it would mean, spending the
available money within a plan. This research focuses on the significance of point of
view of the users which is the students

The students are having problems when it comes to their allowance. Some of the
student starve their selves or even borrow money to its classmate just to pay school
fees, activities project classroom contributions etc. Therefore this study may serve as a
guide or reference for the students especially to those taking He strand under K-12
curriculum. The gathered information in this study will enable the students to improve
their budgeting skills and their financial planning. The outcome of this study will give
the readers/ student a strategy, ideas on how they can budget their allowance without
having any shortages.

Some of the senior high school students whose under HE strand are free from home and
mostly they are living on a budget, others are living without worrying their allowances
running out because they have enough to survive and the worst case are those students
who simply getting themselves into a cycle of debt by each other mean. This is where
the significance of allowance budgeting practices exists, to know; means to survive
within daily allowance, ways to avoid over spending and having debt, allowance
budgeting practices that they do; suit to their lifestyle and live within their means.

Statement of the problem

Many students find it difficult to save money and always short in

allowance due to high fees and lot of expenses inside and outside of the school.

The researchers came up with the following questions:

1. What are the advantages in budgeting the allowance?

2. What are the strategies that can help a student in budgeting allowance
3. What are the specific reasons why a student experiencing shortage in allowance
 St. Clare College Of Caloocan
Zabarte Road, Camarin Caloocan City

Scope And Delimitation

The research study is limited and conducted only 50 students at St. Clare
College of Caloocan- He Senior High School in the 1st semester of school year 2019-
2020. The respondents of the study are from the from He Senior High School grade 11
J1 and J3 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 He Senior
High School students on where and how they spend their money and how they manage
their finances.

Definition Of Terms

Allowance - is an amount of money given or allotted usually at regular intervals for a

specific purpose.
Budgeting - is the process of creating a plan to spend your money.
Luxury and Leisure - activities or hobbies students usually do after class or vacant
period.
Meal - the food students eat at school.
Money - a current medium of exchange in the form of coins and banknotes; coins and
banknotes collectively.
Projects and Books - these are the school requirements the students must comply with.
Savings - the amount or money the students have saved.
Transportation -mode of travelling from home to school.
Shortage - a state or situation in which something needed cannot be obtained in sufficient
amounts.
Inevitable - certain to happen; unavoidable. Frequently experienced or seen that it is
completely predictable.
Depleted - use up the supply or resources of. Diminish in number or quantity
 St. Clare College Of Caloocan
Zabarte Road, Camarin Caloocan City

“The Perception Study Of Students` Budgeting

Strategies”

Chapter 1 Of
A Research Paper
Presented to
St. Clare College Of Caloocan

In Partial Fulfillment
of the Research for
Practical Research 1

By:
Dalay, Russel F.

Herrera, Princess Aubrey

Malipot, Regie M.

Lontoc, Crissa Mae

Macalos, Cristy
Alejaga, Khayla
 St. Clare College Of Caloocan
Zabarte Road, Camarin Caloocan City
Estuita, Aliah