Budgeting Practices Among Grade 12 Students in

Tuburan National High School

A.Y. 2023-2024

A Quantitative Research
Presented to
TUBURAN NATIONAL HIGH SCHOOL
Tuburan, Cebu

In Partial Fulfillment Of the Requirements

For Practical Research 2

BOCABAL, ANNA

CINCO, ARIANE KAYE

DACILLO, APRIL ANN

DELIMA, CARYL

DUMAGAN, KAREN MAE

GABILAN, MARIA RHOMA EVE

LIMPAG, SHIELA JEAN

MANCAO, LOVELYN

GRADE 12-ABM HARMONY

APRIL 2024
TABLE OF CONTENTS

Page

TITLE PAGE ……………………………….…............................…………… i

ABSTRACT………………………………..……………………………………iv

ACKNOWLEDGEMENT ………………..……….........................…………. v

DEDICATION………………………………………..........................……….vi

TABLE OF CONTENTS ………….……………………..................………. iii

LIST OF TABLES…………….................…………………………………..vi

LIST OF FIGURES ……………….........………………………………….. vii

Chapter 1

THE PROBLEM AND ITS SCOPE

INTRODUCTION ……………………....……………………………………….. 1

Rationale of the Study…………..…….......................……. 1

Theoretical Background……………….......................……...4

THE PROBLEM ………………………………......................................………11

The Statement of the Problem ………............……………11

Significance of the Study…..………...................………..…12

RESEARCH METHODOLOGY…………………….................………...............13

Design ………………………………....…………….....……..13

Flow of the study………………………………………...........14

Environment ………………………………………………………..........16

Respondents……………………………………………………...….........18

Instrument…………………………………………............………...........19

Data Gathering Procedure………………………..….………....…..…...20

Treatment of the Data………………………………………..........……..21

Scoring Procedure ……………………………………............….......….22

DEFINITION OF TERMS ……………………………………….................................23

LIST OF TABLES

Page

Table 1 Distribution of the Respondents…………………….................

………………………….…………18
LIST OF FIGURES

Page

Figure 1. Theoretical Framework……………………………....................….…...10

Figure 2. Flow of the Study……………………………………….........................15

Figure 3. Location Map of the Research Environment……………..…....................17

Chapter 1

THE PROBLEM AND ITS SCOPE

INTRODUCTION

Background of the Study

Galdonez, Dominic Patric & Edra, Tracy & Reyes, Thrisha & Senense,
Francine. (2023), This study evaluates financial literacy among 70 Grade 12
students at Philippine Science High School-Ilocos Region Campus. A mixed
methods research approach was used, including qualitative and quantitative
analyses. The results showed satisfactory knowledge and confidence in
financial matters. However, no significant correlation was found between
gender and scholarship categorization. Future studies should increase sample
size and adjust sampling methodology to better understand potential links
between scholarship categorization, gender, and financial literacy.
Additionally, interviews could provide additional insights.

The study reveals that allowance budgeting significantly impacts the

academic performance of Grade 12 Accountancy and Business Management
students. It helps students attend classes on time, allocate funds for food,
complete projects with fewer expenses, and save money for future academic
expenses. The findings suggest the need for parents, teachers, and school
administrators to guide students in creating effective allowance budgeting to
achieve academic goals. It is crucial for students to be knowledgeable about
allowance budgeting to improve their academic performance. Implementing
learner-driven seminars or workshops can help students become better
equipped to handle finances and achieve success.

Senior high school students have varying budgeting strategies for

postsecondary education, with nearly half having limited strategies. Financial
literacy is crucial for daily management and investment, and administration
implementation is essential for
transparency and limited funds. Strategic budgeting can lead to cost
savings and reduced unnecessary spending in public school administrations.

The 9th International Conference on Education (ICEDU) in Bangkok,

Thailand, will feature a wide range of abstracts covering various areas of
education. The conference will feature numerous sessions and keynote
speakers, with the organizers aiming for stimulating and engaging sessions.
The conference will be a busy two days, but it is important to take time for
wellness behaviors and relaxation. Bangkok offers options for relaxation, such
as massages, parks, and a boat ride on the Chao Phraya River. The
conference program will be appealing, but it is recommended to schedule
downtime for walks, mindfulness practice, and socializing with colleagues and
friends.

This study examines the effectiveness of budgeting strategies in

students' daily financial management. It focuses on 50 ABM Grade 12
students at Bestlink College of the Philippines during the 2018-2019 school
year. Four budgeting strategies were identified: DIY, weekly meal planning,
piggy bank use, and setting aside wants. The results showed that these
strategies significantly impact students' financial decisions regarding school
expenses, food, savings, and other expenses/wants. The study suggests that
teachers and school administrators should monitor students' expenses and
conduct seminars to educate them on the importance of budgeting strategies.
Parents should also play a crucial role in teaching their children proper money
management.

Theoretical Background

This study acknowledges the theories and concepts of allowance

management and budgeting practices found in other sources that the
researchers will consult in order to provide more details. But there has also
been a shortage of research on how student's budgeting management
techniques relate to current
LEVEL OF FINANCIAL LITERACY OF SENIOR HIGH SCHOOL
STUDENTS FROM PRIVATE SCHOOLS OF BACOLOD CITY (2019), has
the purpose to determine the level of financial literacy of senior high school
students from different private schools of Bacolod City. The researchers made
use of the descriptive-analytical scheme and the comparative correlational
scheme to determine the objectives of the study. The study dwells on the
areas spending habits, saving habits and financial knowledge in order to
determine the overall financial knowledge. It uses the sex, grade level, district
and family monthly income as variables. The researchers gathered data
through thorough research and survey by form of questionnaires. A total of
140 out of 9636 students from different private schools of Bacolod City were
surveyed for this study. The findings of the study include concluding of having
no significant difference in the level of financial literacy when participants are
grouped according to grade level, district and family monthly income.

According to Gacad, et al.,2019, the expense per week of the

students,41% of the students voted “301-400” for the expense for a week, and
7% answered “100-200”as their expense. On the satisfactory of the students
to their allowance, 66% voted“yes,” and 34% voted “no.” On the savings of the
students, 28% voted “100 pesos and below” while 6% has no savings at the
end of the week. However, these results do not completely grasp the thinking
of how a Senior High School student thinks about how he or she should
manage their weekly budgets. That is why much more research is needed so
that the future readers of future studies can get more ideas as to how
budgeting comes into the mind of Senior High School students of St. Mary’s
College Q.C. Allowance is a necessity for every student (Micomonaco, 2003).
Being essential,it is just right to state that a students shall be able to budget
their allowance appropriately.
Allowance and Budgeting of Grade 12 Students in Asist Kain
Campus,In the Philippines, schools have implemented the Senior High
School program, offering an additional two years of high school education.
This program teaches students financial responsibility and allowance
management. As students progress to higher education, they face challenges
in managing their allowances, which are essential for daily needs and
expenses. As living becomes more expensive, the importance of money is
increasing, making allowances a crucial aspect of daily life. Many students
struggle to budget and manage their allowances, making it a challenging
aspect of their education.

EFFECTIVENESS-OF-PERSONAL-BUDGETING-TO-DAILY-
EXPENSES-AMONG,A budget is a finance plan for how to spend money,
allowing for financial decision-making and covering expenses throughout the
year. Senior High School students, as part of the K-12 curriculum, face
challenges in managing allowances, which are essential for survival. This
study aims to understand how Senior High School students spend their
money and how parents can teach them proper money management. The
researchers tested if students, even at a young age, have the skill to manage
finances and studied their organization of finances and the effectiveness of
personal budgeting.

Furthermore, ALLOWANCE AND BUDGETING OF GRADE 12

STUDENTS IN ASIST MAIN CAMPUS, respective schools filed to offer and
implement the Senior High School program for their students. This program
offers an additional two years of High School Education. Being a Senior high
student is not that easy because it is already preparatory for every student
prior to their tertiary education, and aside from that, this is now where they are
going to practice on how to be a financially responsible student. To be a
responsible student is not something that can be achieved within a day only, it
must be taken as an attitude and needs to put it into their minds. One of these
responsibilities of a student is to manage their allowances given by their
parents or guardians. Money is the most basic requirement of life, without
which, one cannot fulfill his basic needs and requirements of the daily routine.
The importance of money is increasing day by day as the living has become
so costly (Archana 2017). Allowance refers to the money given to students
that shall be used for their daily needs and expenses given by their parents or
guardian (Galulu, et al., 2017). Allowance is money earned or given to a child
at regular intervals to teach the child how to manage money.
(healthofchildren.com)

A-Research-on-the-Allowance-and-Budgeting-of-Grade-12-
Students-in-ASIST-Main-, schools have implemented the Senior High
School program, offering an additional two years of high school education.
This program teaches students financial responsibility and allowance
management, which is crucial for fulfilling daily routines. As living costs
increase, the importance of money is increasing. Allowances are money given
to students to cover daily needs and expenses, and students face challenges
in managing these allowances wisely. As they progress towards higher
education, students face more challenges in budgeting and managing their
allowances.

A DESCRIPTIVE RESEARCH ON ALLOWANCE AND

BUDGET OF ABM SENIOR HIGH STUDENTS (GRADE 11-12) OF ST.
MICHAEL'S COLLEGE IN ILIGAN CITY, 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
achieved overnight. It needs to be put in mind and be an attitude. One of
these responsibilities is managing their allowance (Kazmier, 2004).

One of the challenges that every student encounters 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 necessities
plays a significant role in every student surviving Senior High School (Babbie,
1997 ).

According to Hassan, Nurul & Abdul Wahid, Nurmarni. (2023),

nowadays, a lot of university students tend to live independently whether in a
hostel or a rental house. Most students would manage their finances
themselves and they get their financial help from either National Higher
Education Fund Corporation (PTPTN), scholarships, their own savings or
family funding. Several previous studies have been conducted based on
students' finances and some of it is on students' awareness of their financial
management. There are studies on students spending expectations and
habits, also the relationship between monthly allowance and their average
grade. Hence, a study on the relationship between monthly allowance and
their daily spending is done. This research took place in Universiti Teknologi
Mara Jengka, Pahang (UCPh) where the researchers conducted a type of
Quantitative Survey Research gathering data. There are a total of 152
students that were involved in this research and they were from the various
faculties in UCPh. After running the data gathered through IBM SPSS
Statistics 25 Software, by using the Pearson correlation approach, it can be
concluded that there is no significant relationship between the monthly
allowance and their daily spending

According to Angcanan, K. (2017b).,Budgeting, a relatively new

invention, originated from centuries of monarchs mismanaging the country's
finances. The Treasurer's office began within the Exchequer, responsible for
managing royal revenues and issuing cash. The first major reform occurred
during the reign of Elizabeth, but monarchs continued to squander tax revenues
and raise debts. The early 19th century saw the emergence of the annual
Budget. The word "budget" comes from the term "," a wallet for documents or
money. Budgeting is helpful for those interested in spending

money wisely and students with high school expenses. It helps

students focus on their goals, reduces stress, and avoids unnecessary
spending.

According to Viray Groups (2020), Allowance is a financial tool used by

students to cover school expenses. Most students spend their allowance on
transportation, school supplies, food, and project activities, while others spend it
on entertainment, services, travel, and vacation. Students' spending habits are
influenced by various factors, including age, personality traits, and knowledge.
They also face unique situations due to restricted incomes and high expenses.
Students with more knowledge about their financial responsibility are less likely
to be in debt. Spending behavior is influenced by various factors, including
demographics, age, sex, ethnicity, qualities, and education. Students' spending
behavior has evolved significantly in modern times, with socioeconomic status
issues being a significant concern in society. Understanding these factors can
help students make informed decisions about their spending habits and maintain
a healthy financial future.

According to Moneva Jerald, Tuñacao Marijune(2020),The

purpose of this study is to determine the association on the students' level of
financial support satisfaction and their daily allowance. The study used a
quantitative approach-descriptive correlation using a self-made questionnaire
that was answered by the senior high school student. The questionnaire mainly
indicates the different ranges of school allowances and factors that influence the
students' satisfaction. The weighted mean was used for computing the mean of
the level of financial support satisfaction that students feel towards their daily

allowance. It used the chi-square (x²) showing a significant association between

students' financial support satisfaction and school allowance. Students' financial
support satisfaction depends on the level of their daily allowance. Most of the
students have the ranges forty-one to fifty pesos as their daily allowance. With
this, students are satisfied with their daily school allowances. The students seem
to have a peaceful mind in their financial life because of meeting financial
obligations with fewer debts and liabilities. A student who manages a financial
resource well leads to lesser debts and liabilities which tend to increase the level
of financial support satisfaction. Furthermore, a financial support satisfied
student is more confident, tolerant and less prone to stress for having improved
individual well-being. In order to enhance budgeting skills and increase theg
level of financial support satisfaction, this study suggests exploring more on the
students who are making debts at an early age.

Figure 1. Theoretical Framework

THE PROBLEM

Statement Of The Problem

This study aims to determine the budgeting practices of Grade 12

Students in the Tuburan National High School for the academic year 2023-
2024 as a basis for information dissemination.

Specifically, this study seeks to answer the following questions:

1. Determine the profile of the respondents as to:

1.1 Age

1.2 Gender

1.3 Track and Strand

1.4 Daily Allowance

2. What are the budgeting practices in terms of:

2.1 Transportation,

2.2 Meal,
2.3 Luxury and leisure,

2.4 Projects and books ,

2.5 Communication

3.Are there any distribution of how much a grade 12 student spends

depending on their strand.

4. Is there a significant relationship on how the respondents manage their

budgeting? 5.Output brochure every strand.

Null Hypothesis

Ho: There is no significant relationship between the budgeting practices of the

respondents.

Significance of the Study

This study focused on identifying the Students Budgeting Practices

Among Grade 12 Students in Tuburan National High School A.Y. 2023- 2024.
The results of this study benefited the following:

Students. This study helps students evaluate their spending and

budgeting strategies. Understanding school allowance and its administration
is beneficial. Students learn that a school allowance can motivate them to
study and gain insights into financial management. The study instructs them
on managing allowances and creating budgets effectively.

Teachers. This study can help educators teach students how to

manage allowances and create budgets. It increases awareness of students'
academic achievement and behavior, and helps understand their lack of
dedication to studies.
Parents/Guardians. This study helps parents adjust the amount they
give their children as allowances. It also highlights the importance of school
allowances in relation to student determination and academic performance.
Parents can gain insights into their children's allowance spending habits and
learn how much money is reasonable for school expenses.

School Administrators. They will be aware of their students' behavior

in the classroom and how well they are doing in specific subjects. They will
also understand why their students perform poorly academically as a result of
financial difficulties.

Future Research. The study is important to us as researchers

because it teaches us how to effectively manage our school allowances and
use the ideas to succeed in our studies. It provides insights on the importance
of financial budgeting in education impacts students' academic performance
and motivation. The collected data also helps us understand how variables
like meals, transportation, other expenses, and projects affect students'
allowance budgeting practices. Overall, this research enhances our
knowledge and allows us to educate others on the significance of budget
planning for financial success.

RESEARCH METHODOLOGY

Research Design

This research employs a quantitative descriptive approach to data

collection and presentation. For the most part, percentages were used to
collect and analyze the data. In order to evaluate the effects of Students'
Budgeting Practices Among Grade 12 Students at Tuburan National High
School, the researchers gathered data via a survey questionnaire. The
population of the study consisted of senior high school students at Tuburan
National High School. The data were interpreted, presented, and analyzed,
which served as the foundation for the presentation of the findings,
conclusion, and suggestions.

Flow of the Study

Figure 2 used the input process and output

approach to specify the study's direction. The input
consists of the respondents' profiles and the daily
expenses of the students. Through the use of
questionnaires, pertinent data were
gathered. Completed questionnaires were
then recorded, analyzed, reversed, and interpreted.
The result is an information dissemination designed to
enhance senior high school students' budgeting
techniques.

INPUT OUTPUT

PROCESS
The
researcher adopted the Input
Process Output (IPO) model. It
included all the materials
and
information that were
required in the process,
the specific details of the
process itself, and the guide
on creating a medium
of information
dissemination about the data
gathered and
calculated. The concept
model, as shown in Figure 1,
depicted the process of
determining these budgeting practices and analyzing the data from a
statistical viewpoint, along with the intended output of the data analysis.
For input, it comprises respondents' profiles and the daily expenses of
the students. All the details outlined in the statement of the problems are
explicitly addressed in this section.

For the process, it encompasses observations, the data collection

method, and statistical analysis, including data calculation and tabulation.

For output, it entails the creation of a brochure for disseminating

research findings, with a specific focus on illuminating best practices in
budgeting and providing actionable insights for students.

Research Environment

The study will be conducted at Tuburan National High School, Brgy. 7,

Tuburan, Cebu, Philippines. Tuburan National High School is a public school
that offers Junior High School with Senior High School curricular classes.
Situated in the northern part of Cebu within Central Visayas, Tuburan is a
municipality located around 96.7 kilometers from Cebu City. It shares borders
with Tabuelan to the north, Asturias to the south, and is flanked by Sogod and
Catmon to the east. To the west lies Tanon Strait, connecting

Tuburan to Escalante, Negros Occidental. With fifty-four barangays

covering a total land area of 29,316 hectares, Tuburan's name is derived from
the Cebuano term for "spring," reflecting the abundance of such water
sources in the region. The research will be conducted at Tuburan National
High School,located in Poblacion 07, a roadside barangay in Tuburan. For a
visual representation, please refer to Figure 3, displaying maps of Cebu and
Tuburan, pinpointing the specific location of the study.
Figure 3. Location Map of the Research Environment

Research Respondents

The research respondents are Grade 12 students in any strand

enrolled at Tuburan, National, High School during the academic year 2023-
2024. This study employed a stratified random sampling approach, a
probability sampling technique where the population was divided into distinct
subgroups or strata. Within each stratum, participants were randomly
selected, ensuring representation from all relevant categories. This selection
aimed to capture insights from all students in all strands providing a
comprehensive perspective for the research. The sample size was
determined using Slovin's formula.

Table 1.Distribution of Respondent

N= 80
TNHS SHS - STRAND F %
ACAD- ABM 10 12.5
ACAD- STEM 10 12.5
ACAD- HUMMS 10 12.5
TVL - Tailoring 10 12.5
TVL - ICT 10 12.5
TVL - SMAW 10 12.5
TVL - EIM 10 12.5
TVL - Housekeeping 10 12.5
TOTAL 80 100

Research Instrument

This study will utilize the researchers' prepared and adapted survey
questionnaires as for all intents and purposes the main tool in gathering data,
which assessed the students’ budgeting practices. The questionnaire will be
divided into four sections; sections (I-III); Section I will be for collection of
information on personal data of respondents profile, which identifies the data
needed for statistics; Section II is the parameters or metric used, which helps
the respondents identify the measures in responding to the questionnaires;
Section III will focus on the issues and concerns met by the respondents
related to budgeting practices.

Scope and Limitation of the Study

This study will focus on Grade 12 students at Tuburan National High

School. This will examine the students budgeting practices on their
allowances. This study will also look at how these practices affect their
spending habits and financial management skills. This may include surveys or
interviews to gather data directly from the students. The study could also
analyze the impact of these budgeting practices on students' academic
performance and overall well-being. The study is limited to Grade 12 students
at Tuburan National High School, so the findings may not be applicable to
students from other schools or grade levels. The accuracy of the study relies
on the honesty of the students' responses, which could be influenced by
social desirability bias. This study may not account for external factors that
influence students' budgeting practices such as their family's financial
situation or cultural beliefs about money.

This study might not be able to establish a causal relationship between

budgeting practices and outcomes like academic performance, as there could
be other contributing factors.

Data Gathering Procedure

The appropriate authorities will receive a transmittal letter outlining the

study's plan of conduct. Following approval, the principal of Tuburan National
High School will be contacted via letter to request permission to carry out the
study there. The researcher will give the questionnaire to the respondents
after it has been approved. Both the respondents' and their parents' consent
will be obtained, and both will clearly explain the procedures used for
collecting data and the goal of the research. Participants will not be compelled
to take part in the study; they will have the freedom to accept or decline taking
part in the stud.

Treatment of the Data

Following the questionnaires' retrieval, the responses will be tailed,

collated, tabulated, and then subjected to the subsequent statistical processes
and analysis.

1. Simple Percentage. This will be used to determine the age and gender
distribution, year level, track, and strand of the study respondents.
2. Weighted Mean. Employing this statistical tool, Tuburan National
High School grade 12 students' allowances will be compared to their budgeting
strategies in their allowances

3. Simple Ranking. This will be utilized to ascertain the results of students

managing their allowances.

4. Frequency count- This method was used to calculate the frequency

counts of the respondents' personal variables.

Scoring Procedure

The data was analyzed and interpreted using a five-point Likert Scale
in the scoring technique described below, with the respondent's of a response
based on the weighted scale, range, category, and its verbal description.

Weight

Range Category Verbal

Description
When the
respondents’
5 4.24 - 5.00 Very Frequently involvement is
100%
When the
respondents’
4 3.23 - 4.23 Frequently involvement is
75%
When the
respondents’
3 2.62 - 3.22 Occasionally involvement is
50%
When the
respondents’
2 1.81 - 2.61 Rarely involvement is
25%
When the
respondents’
1 1.00 - 1.80 Very Rarely involvement is
0%

“Students Budgeting Practices Among Grade 12 Students in Tuburan National High

School ‘’ Table 1

Age n= 80
AGE f %
20 years old 1 1.25
19 years old 8 10
18 years old 24 52.5
17 years old 29 36.25
TOTAL 80 100
As tabulated on table 1, with a total 80 students, there were 42 students
whose age is 18 years old which constituted 52.5 percent: 29 students whose age is
17 years old which constituted 36.25 percent, 8 students whose age is 19 years old
which constituted ten (10) percent, 1 student whose age is 20 years old which
constituted 1.25 percent, Therefore, there are a total of 80 respondents and
constituted a hundred percent. This table also indicated that the vast majority of the
responders are under the age of 18.

Table 2

SEX

n=80

This section describes the profile of the respondents in terms of gender

Sex f %
Male 32 40
Female 48 60
TOTAL 80 100

Following the completion of this study, the researchers had a total of 80 students
from Tuburan National High School, with 48 female students accounting for 60
percent and 32 male students accounting for 40 percent, for a total of 100 percent.
This simply implies that the majority of the study's respondents are females.

Table 3

Weely Allowance

n= 80
Weekly Allowance f %
Below 500 12 15
50-100 31 38.75
101-150 6 7.50
251-200 8 10
200-500 13 16.25
501-1000 9 11.25
Above 1000 1 1.25
TOTAL 80 100

Table 4 illustrates the result in terms of students' weekly allowance, 38.75% of

respondents has 50-100 allowance per week, 16.25% has 200-500 allowance per
week, 11.25% of respondents has 501-850 allowance per week, 3.85% of
respondents has an allowance of 851- 1000, 3.08% has 1001-1500 allowance, other
respondents has an allowance below 50 with a percentage of 15%, and 1.25% of
them has an allowance of above 1500 per week.

Table 4

Strand

n= 80

This section contains the strand preferences of the respondents.

Strand f %

Abm 10 12.5

Stem 10 12.5
Humms 10 12.5

TVL - Ict 10 12.5

TVL - Eim 10 12.5

TVL - Smaw 10 12.5

TVL- Housekeeping 10 12.5

TVL - Tailoring 10 12.5

Total 80 100

In a total population of 80 (both academic and non-academic). Table 5 shows that

there were 10 STEM students accounting to (12.5) percent, 10 ABM students
accounting to eight (12.5) percent, 10 HUMSS students accounting to (12.5) percent;
10 TVL (ICT) students accounting to nine (12.5) percent: 10 TVL (EIM) students
accounting to (12.5) percent; 10 TVL (SMAW) students accounting to six (12.5)
percent, (10) TVL (TAILORING) students accounting to (12.5) percent, and 10 TVL
(HOUSEKEEPING) students accounting to (12.5) percent with a total of 100 percent.

A. TRANSPORTATION
Statement x̄ Verbal Description

1. 3.44 Frequently

2. 2.40 Rarely

3. 3.06 Occasionally

4. 3.35 Frequently

Average Weighted Mean 3.06 Occasionally

Table 5 shows the overall mean of all the statements under Transportation. Based
on the table, it was determined that students of Senior High School frequently have a
regular school service which eliminates their transportation expenses with a mean as
a whole of 3.44. With a mean as whole of 3.35, Senior High School students rarely
takes an alternative route or mode of transportation that is less expensive and they
rarely spend 50% of their allowance for transportation with a mean of 3.06 while it's
very rare for them to live in a dorm or at a house which is just a walk from school
with a mean as a whole of 2.40.

B. MEAL
Statement x̄ Verbal Description

1. 4.95 Very Frequently

2. 2.93 Occasionally

3. 3.76 Frequently

4. 3.32 Frequently

5. 3.38 Frequently

Average Weighted Mean 3.67 Frequently

Table 6 illustrate the overall mean of all the statements under meal. It can be inferred
that the Senior High Students frequently bring pack lunch on going to school for less
expenses with a mean as a whole of 4.95 and spend 40-50% of their allowance for
food came second to the most significant with a 3.38 as whole mean. It is also
frequent for Senior High School Students to bring pack lunch of food to save
allowance with a mean as a whole of 3.32. Senior high Students rarely eat outside
the school with a mean as a whole of 3.76 for more affordable choices of food and
bringing pack lunch or food because it is not provided for their allowance with a
mean as a whole of 2.93.

C. LUXURY AND LEISURE

Statement x̄ Verbal Description

1. 2.63 Occasionally

2. 3.44 Frequently

3. 3.23 Frequently

4. 3.60 Frequently
5. 3.0 Occasionally

Average Weighted Mean 3.18 Occasionally

Table 7 summarized the overall mean of statements under luxury and leisure. From
the table, it can be inferred that Senior High Students prefer to go home after class
to avoid unnecessary expenses with a mean as a whole of 3.60 and saving 10-30%
of their money to buy the things that they want and in case they might need it with
3.44 as a whole mean are both frequently practiced. Staying at the library and
reading books during vacant got a 3.23 as a whole, spending 10-30% of their
allowance for leisure with a mean as a whole of 3 and with a mean as a whole of
2.63 Senior High students spending their extra time for luxury and leisure e.g going
to the mall, watching movies at the cinema, playing online games, arcades, etc, are
practiced rarely by the Senior High Students.

D. PROJECTS AND BOOKS

Statement x̄ Verbal Description

1. 2.52 Rarely

2. 2.90 Occasionally

3. 1.06 Very Rarely

4. 2.77 Occasionally
5. 3.11 Occasionally

Average Weighted Mean 2.47 Rarely

Table 8 shows the overall mean of statement under projects and books. Based on
the result, Senior High Students frequently allotting 10% of their allowance for
photocopy has a mean as a whole of 2.52, having projects of researches increase
their allowance for project with as a whole mean of 1.06 and spending 15% of my
allowance for their project with as a whole mean of 3.11. It is rare that their
allowance is not enough to cover their projects with a mean as a whole of 2.77 and
with a mean as a whole of allotting 10% of their allowance for books.

E. COMMUNICATION
Statement x̄ Verbal Description

1. 3.0 Occasionally

2. 2.66 Occasionally

3. 3.76 Frequently

4. 3.51 Frequently

5. 2.75 Occasionally

Average Weighted Mean 3.14 Occasionally

Table 9 illustrates the overall mean of statements under Communications. With a

mean as a whole of 3.76, Senior High School Students used free data connection for
their messenger application, rather than loading. Secondly, having a mean as a
whole of 2.66, the respondents register to text and call promos to maximize their
load budget. Then, they only spend for communication, if it is for emergency or
needed with as a whole men of 3.51 and having as a whole mean of 3.0 students
allocate 10% of their allowance for communication expense. Lastly. having a rarely
result with as a whole mean of 2.75 students subscribe to monthly plan that suit to
their preference usage.
IV. ISSUES AND CONCERN

Statements f Rank

Unexpected Expences 54 -1

Impulse Buying 26 -5

Inconsistent Expenses 17 -9

Lack of Financial Literacy 31 -3

Entertainment 18 -8

Eating out 37 -2

Lack of Discipline 16 -10

Online shopping 22 -6

Peer Pressure 11 -11

Saving for the future 20 -7

Limited Income 27 -4

Chapter 3

Summary of findings, conclusions, recommendations

This chapter includes the results of the research and covers the

findings, conclusion and recommendations of the researchers. This study was

conducted to determine the different budgeting practices of Grade 12

students. A quantitative descriptive method was used in this study and survey

questionnaires were disseminated to gather data. The sample was composed

of 10 ABM, 10 HUMSS, 10 STEM, 10 TVL- Housekeeping, 10 TVL- Tailoring,

10 TVL- ICT, 10 TVL- EIM, and 10 TVL- SMAW.

There are five (5) variafibles included as the factors affecting the

budgeting practices of students.

SUMMARY

This research focuses on the budgeting practices of Grade 12 students

at Tuburan National High School. It employs a quantitative descriptive

approach to understand how students manage their allowances and the

impact of these practices on their financial literacy and spending habits. The

study involves students from various strands, assessing their budgeting

strategies for expenses like transportation, meals, luxury and leisure, projects,

books, and communication.The study identifies various factors affecting

students' budgeting practices and offers insights into how these practices

influence their financial well-being and academic performance. It underscores

the importance of financial literacy and proposes measures to foster effective

budgeting skills among students.

The salient findings of the research were as follows:

1. What is the allowance of grade 12 students?

1.1 Allowance
The result in terms of student’s weekly allowance, 38.7% of

respondents has 50-100 allowance per week, 16. 25% has 200-500

allowance per week, 11.25% of respondents has 501-850 allowance per

week, 3.85% of respondents has an allowance of 851-1000, 3.08% has

1001-1500 allowance, other respondents has an allowance below 50 with

a percentage of 15%, and 1.25% of them has an allowance of above 1500

per week.

2. Is there any distinction of how much is Grade 12 students spends depending

on their strands?

2.1 Transportation

Based on the tables on chapter 3, it was determined that the students of

Senior High School frequently have a regular school service which

eliminates their transportation expenses with a mean as a whole of 3.44.

With a mean as whole of 3.35, Senior High School students rarely takes

an alternative route or mode of transportation that is less expensive and

they rarely spend 50% of their allowance for transportation with a mean of

3.06, while it’s very rare for them to live in a dorm or at a house which is

just a walk from school with a mean as a whole of 2.40.

2.2 Meal

With the reference to Chapter 3, it can be inferred that the Senior High

School Students frequently bring pack lunch on going to school for less

expenses with a mean as a whole of 4.95 and spend 40-50% of their

allowance for food came second to the most significant with a 3.38 as

whole mean. It is also frequent for Senior High School Students to bring
pack lunch of food to save allowance with a mean as a whole of 3.32.

Senior high Students rarely eat outside the school with a mean as a whole

of 3.76 for more affordable choices of food and bringing pack lunch or food

because it is not provided for their allowance with a mean as a whole of

2.93.

2.3 Luxury and Leisure

The parameter mean of Luxury and Leisure. From the table, it can be

inferred that Senior High Students prefer to go home after class to avoid

unnecessary expenses with a mean as a whole of 3.60 and saving 10-

30% of their money to buy the things that they want and in case they might

need it with 3.44 as a whole mean are both frequently practiced. Staying at

the library and reading books during vacant got a 3.23 as a whole,

spending 10-30% of their allowance for leisure with a mean as a whole of

3 and with a mean as a whole of 2.63 Senior High students spending their

extra time for luxury and leisure e.g going to the mall, watching movies at

the cinema, playing online games, arcades, etc, are practiced rarely by the

Senior High Students.

2.3 Projects and Books

Project and Books has the overall mean of statement under projects

and books. Based on the result, Senior High Students frequently allotting

10% of their allowance for photocopy has a mean as a whole of 2.52,

having projects of researches increase their allowance for project with as a

whole mean of 1.06 and spending 15% of my allowance for their project
with as a whole mean of 3.11. It is rare that their allowance is not enough

to cover their projects with a mean as a whole of 2.77 and with a mean as

a whole of allotting 10% of their allowance for books.

2.4 Communication

The parameter mean for communications. With a mean as a whole of

3.76, Senior High School Students used free data connection for their

messenger application, rather than loading. Secondly, having a mean as a

whole of 2.66, the respondents register to text and call promos to

maximize their load budget. Then, they only spend for communication, if it

is for emergency or needed with as a whole men of 3.51 and having as a

whole mean of 3.0 students allocate 10% of their allowance for

communication expense. Lastly. having a rarely result with as a whole

mean of 2.75 students subscribe to monthly plan that suit to their

preference usage.

3. Is there any significance on how the Grade 12 students manages

their budget?

It can be determined from the data gathered that there exists a

significant

difference on every strand of Grade 12 Senior High Students in

managing their budget and on how much a Grade 12 Senior High Student
spends depending on their strand based on the survey conducted. The

level of preference they gave each variables varies. It is clear that the

profile of the students have an impact on how students budget or allocate

their allowances. In the tables on Chapter 4, it can be observed how

frequently or rarely do they practice the statements under each variable

provided.

Conclusions

Based on the findings, the researchers concluded that for each strand,

the level of preference in terms of the variables differed. This means that

there is significant difference on every strand of Grade 12 Senior High

Students in managing their budget and on how much a Grade 12 Senior

High Student spends depending on their strand. This can be due to the

differences in their profile such the amount of allowance spend weekly and

the strand where they belong in. It is also determined how frequently or

rarely do they practice the statements under each variable in their

personal budgeting.

1.Transportation: By senior High-school level, each student, regardless

of his or her academic route, depends on regular school services mostly,

which nearly cuts down on the transport expenditures. The alternatives modes

of transport are virtually unused, this serves a spot of the financial acumen

users who prefer cheaper transportation options. Being close to school is not,

however, the general rule among the students included in the survey.

2.Meal Expenses: Generally, students spend the leftover amounts they

had for school meals, as their interest in preparing a packed lunch increases
the intention to save food costs. Statistically, a fairly large percentage of their

allowance about 40 to 50 %, is reserved for food. Students go out to eat on a

more relaxed basis than their weekly lunches probably signifies that they can

afford to eat out more and they need to carry packed meals from home.

3.Luxury and Leisure. Nearly 70% of students utilize savings plans as

described above and often go home directly after school forgoing additional

spending related to daily activities. They also save money sometime for a

major one-time purchase or in case they will need more money in the future

like when their friends may go to a food court, the mall, or the cinema .

4.Projects and Books . Most of the students allocated the money they

received to projects and photocopies of materials. Only a small proportion of

students had spent a significant proportion of their allowance on transactions

and a much smaller proportion had experienced a large fee to be paid for

such transactions.

5. Communication Expenses: Students utilize free data connections for

messaging applications rather than purchasing data packages. Registering for

text and call promos is another common strategy to maximize their

communication budget. Subscription to monthly plans tailored to individual

usage preferences is less prevalent among the surveyed students.

In conclusion, Grade 12 students demonstrate prudent spending

behaviors across various aspects of their budgeting practices. They prioritize

cost-effective options for transportation, meals, and communication while

showing restraint in indulging in luxury and leisure activities. These

conclusions provide insights into the financial habits and preferences of

Senior High School students, which can inform the development of targeted

financial literacy programs and support initiatives to enhance their financial

management skills

Recommendations

The study suggests that each academic track should focus on

improving money management skills, emphasizing the importance of saving
for essential expenses. Furthermore, students who already practice saving
money from their allowances should continue this habit. It is recommended
that senior high school students carefully consider their spending decisions.

1.Schools can create or improve financial literacy programs that teach

students about money management, budgeting, and saving practices. These
programs can be added to the curriculum or offered as extracurricular
activities to guarantee that all students receive financial education.

2.Encourage parents to actively participate in their children's financial

education by discussing budgeting strategies at home, involving them in
financial decision-making processes, and teaching them about responsible
spending habits. Parent workshops or financial literacy seminars could also
be developed to provide parents with the resources they need to effectively
support their children.

3.Establishing peer support groups or clubs focused on financial

management can provide a safe space for students to share budgeting and
savings strategies, experiences, and concerns. This facilitates collaborative
learning and gives students a sense of accountability for sticking to their
budgetary goals.

4. Implement methods for regularly monitoring and evaluating students'

budgeting behaviors, academic achievement, and overall well-being. This
allows for early identification of any issues or areas for progress, as well as
timely interventions or adjustments to properly support students
CHAPTER 4

OUTPUT OF THE STUDY

Rationale

In today's dynamic economic landscape, understanding and managing

personal finances is paramount for academic success and overall well-being.
The researchers action plan aims to address this critical need by focusing on
the factors that significantly influence students' spending habits. By delving
into the realms of transportation, meals, luxury and leisure, projects and
books, and communication, we aim to equip students with the necessary
insights to make informed financial decisions.

Objectives

Students' Financial Empowerment Initiative Brochure In today's fast-

paced economic landscape, mastering personal finance is indispensable for
academic success and overall well-being. Our "Students' Financial
Empowerment Initiative" aims to address this pressing need by delving into
the factors influencing students' spending habits. Through a thorough
examination of categories such as transportation, meals, luxury and leisure,
projects and books, and communication expenses, we equip students with
insights to make informed financial decisions.

The researchers primary objective is to empower students with a

comprehensive understanding of personal finance principles, fostering
financial responsibility and resilience. By analyzing spending patterns and
trends, we inform targeted initiatives to enhance financial literacy. Additionally,
we provide practical tools and resources tailored to students' needs,
promoting confidence in financial management. The researchers initiative
fosters a culture of financial literacy, raising awareness and instilling
confidence in students' ability to navigate financial challenges. Through
collaboration and engagement with stakeholders, we aim to advance financial
literacy education at institutional and societal levels.
In essence, our "Students' Financial Empowerment Initiative"
represents a holistic approach to equipping students with the knowledge,
skills, and resources for effective financial decision-making, ultimately
promoting long-term financial well-being
ACTION PLAN
The brochure discusses towards the factors that influence spending habits,
specifically Transportation, Meal, Luxury and Leisure Projects , Books,
Communication. It aims to provide students with insights into the importance of these
factors and how they influence spending decisions. In conclusion, participants will be
expected to:

1. Determine the key factors that influence their spending habits.

2. Create strategies for improving their budgeting practices in line with their
academic objectives. 3. Consider their personal financial management practices.

4. Implement practical measures to improve their financial literacy and

budgeting skills in decision-making.

Methodologie:

Materials: Printed Copies of the Brochures, Visual Aids, Handouts

Strategies: Interactive Elements, Case studies, Distribution Channels

Brochure Outline:

I. Introduction

A.Welcome and Purpose of the brochure per strand

B. Overview of financial literacy and it's significance on practice

C. Introduction to key factors such as transportation, meals, luxury and

leisure, projects and books, and communication, as well as the effects on spending
behavior.

II. Understanding the factors students affecting budgeting practices

A. Presentation of each factor

1. Transportation - Costs associated with the expenses like bus fares and
fuel.

2.Meal - Involves planning and allocating funds for purchasing food items.

3. Luxury and Leisure - Entails managing discretionary spending on non-

essential items and leisure activities.

4. Projects and Books - Includes budgeting for textbooks, school supplies,

and project-related expenses.
5. Communication - Involves expenses related to communication tools and
services such as, internet subscriptions.

III. Examining Case study

A. Presentation of real-life scenarios highlights the detailed examination of

real-life examples of student budgeting practices, transportation, meal expenses,
luxury and leisure spending, projects and books, and communication costs in
budgeting practices.

B. Distribution channels on the various methods used to disseminate the

case study and its findings to students.

IV. Reflecting on personal budgeting practices

A. Self Analyzing spending habits to identify areas for development. B.

Seeking feedback and guidance to enhance financial management skills.

V. Strategies for decision making budgeting

A. Prioritizing essential expenses to manage allowances effectively.

B. Setting clear financial goals to guide spending decisions and savings

habits.

Expected Outcome:

Participants will gain insights into the factors influencing budgeting practices
among students, enabling them to make informed decisions regarding their finances.
By reflecting on personal budgeting habits and exploring effective strategies,
students will develop essential money management skills to support their academic
and personal goals.
DEFINITION OF TERMS

To avoid ambiguity, certain terms are defined as they are used in the
study.

The following terms are defined as they will be operationally used in

the study to give a better understanding and guidance.

Allowance refers to the regular sum of money given to students by

their parents or guardians to cover their daily needs and expenses, like food,
transportation, and school supplies. It serves as a learning tool to help
students develop money management skills.

Budgeting refers to planning and managing their allowance or income

to make conscious spending decisions, prioritize needs, and achieve financial
goals like saving for textbooks or future studies.

Budgeting Practices refers to the methods and strategies used by

students to manage their limited allowances, including income allocation,
expense tracking, and saving habits.
Consumption Values refers to the amount of money students spend
on different categories of expenses, such as food, transportation,
entertainment, or educational materials.

Expenses refers to expenses include costs for necessities like food,

transportation, school supplies, and educational materials. Managing these
expenses through budgeting helps students make the most of their limited
resources and avoid unnecessary spending.

Planned Behavior this concept suggests that students' budgeting

practices are deliberate and intentional, aiming to achieve specific financial
goals or priorities.

Practices refers to the specific actions or routines students adopt for

budgeting, such as keeping spending logs, setting spending limits, or
prioritizing essential expenses.

Scarcity refers and highlights the limited nature of students'

allowances, emphasizing the need for careful budgeting and financial
discipline.
BIBLIOGRAPHY
BIBLIOGRAPHY

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APPENDICES
Appendix A

TRANSMITTAL LETTER

Feb. 8 2024

BAGAMEL L. YLANAN
School principal II
Tuburan National High School
Brgy. 07, Tuburan, Cebu

Dear Sir,

Greetings!

The undersigned is currently conducting a survey for their research on their partial
fulfillment of the subject Investigation, Inquiries and Immersion subject. In
compliance, we would like to conduct a survey, descriptive method of a research
study titled : Budgeting practices among grade 12 students in Tuburan National
High School.
In this regard, may we request your permission to implement our research
instrument among the Grade 12 students at Tuburan National High School.

Your most favorable action on this request is highly appreciated

Sincerely Yours,

Limpag, Shiela Jean

Lead Researcher

Noted by:

JAIVY MARIE L. DY
Research Adviser

Approved By:

BAGAMEL L. YLANAN
School Principal II

Appendix B

RESEARCH INSTRUMENT

Students Budgeting Questionnaire

( by Rachel Bong Gao et. al,’s study of Allowance and Budgeting of

Grade 12 Students in ASIST Main Campus)

Hello _________________________________ (your name is potential),

We highly appreciate your opinion! Kindly spare a few moments to express

your thoughts in our survey related to our Quantitative Research titled
"Students Budgeting Practices Among Grade 12 Students in Tuburan National
High School A.Y. 2023-2024" from ABM 12-Harmony. Your insights are
invaluable in enhancing and customizing our brochure designed for
information dissemination. Thank you for contributing to our research and
dedicating your time. Your participation is genuinely valued!
Kindly indicate the most appropriate response to the following:

I. Profile of the Students

Directions: Kindly tick the box that corresponds to your response.

Age:________

Gender: Male Female

Track: Academic TVL

Strand: ABM HUMSS STEM

HOUSEKEEPING EIM SMAW ICT

II. Level of Students’ Weekly Allowance

Directions: Kindly tick the box that corresponds to your response.

● Below 50

● 50-100

● 101-150

● 151-200

● 201-500
● 501-1000

● Above 1

Instructions: Please indicate below your level of agreement with the

statements listed below. Tick the box VF if Very Frequently, F if

Frequently, O if Occasionally, R if Rarely, and VF if Very Rarely

Weight Category Verbal Description

5 Very Frequently Respondent’s agreement is 100%

4 Frequently Respondent’s agreement is 75%

3 Occasionally Respondent’s agreement is 50%

2 Rarely Respondent’s agreement is 25%

1 Very Rarely Respondent’s agreement is 0%

A. TRANSPORTATION 5 4 3 2 1

VF F O R VR
1. I have a regular school service which
eliminates my transportation expenses
2. I live in a dorm or at a house which is
just a walk from school.
3. I spend 50% and above on my
allowance for transportation.
4. I take an alternative route or mode of
transportation that is less expensive.

B. MEAL
1. I bring a packed lunch of food to save
allowance.
2. I bring a packed lunch of food because
it is not provided for in my allowance.
3. I prefer to eat outside the school for
more affordable choices of food.
4. I eat my meal at home before I go to
school for less expenses.
5. I spend 40-50% of my allowance for
food.

C. LUXURY AND LEISURE

1. I spend my extra time for my luxury and
leisure e.g going to the mall, watching
movies at the cinema, playing online
games, arcades,etc.
2 I save 10-30% of my money to buy the
things that I want and in case I might need
it.
3. I prefer to stay at the library and read
books during my free time.
4. I prefer to go home after class to avoid
unnecessary expenses.
5. I spend 10-30% of my allowance for
leisure.

D. PROJECTS AND BOOKS

1. I allocate 10% of my allowance for
photography.
2. I allocate 10% of my allowance for
books
3. Having projects as a researcher
increases my allowance for projects.
4. My allowance is enough to cover my
projects
5. I spend 15% of my allowance for my
projects

E. COMMUNICATION
1. Allocate 10% of my allowance for my
communication expenses.
2. I register to text and call promos to
maximize my load budget.
3. I use free data connection for my
messenger application rather than loading
4. I only spend it on communication, if it is
for an emergency or needed.
5. I subscribe to a monthly plan that suits
my preference of usage.

IV. Issues and Concerns Met by the Respondents

Directions: Please tick the box on the space provided for before each
issue and concern which you met through Budgeting Practices. Select all that
apply.

Unexpected Expenses

Impulse Buying

Lack of Financial Literacy

Inconsistent Expenses

Lack of Discipline
Entertainment

Eating out

Online shopping

Peer Pressure

Saving for the future

Limited Income

APPENDIX C
CURRICULUM VITAE

\
PERSONAL DATA

Name: : SHIELA JEAN T. LIMPAG

Home Address :Cogon, Tuburan, Cebu
Date of Birth :April 09, 2006
Place of Birth : Cogon, Tuburan, Cebu
Age :18
Religion : Roman Catholic
Civil Status :Single
Mother Name : Alona Limpag
Father Name : Yolito Limpag

EDUCATIONAL BACKGROUND
Senior High School : Tuburan National High School
Barangay 07, Tuburan, Cebu
2022 – 2024
With High Honors
Junior High School : Tuburan National High School
Barangay 07, Tuburan, Cebu
2018 – 2022
With Honors
Elementary : Tuburan Central Scholl
Brgy.7, Tuburan, Cebu
2014 – 2018
SEMINARS & TRAININGS ATTENDED
: Drug Awareness Symposium
Tuburan National High School
November 25, 2022
METHODOLOGY

An overview of the study's research techniques is provided in this

chapter. It gives details about the study's eligibility requirements, the

participants themselves, and the methodology for selecting a sample of them.

The researcher explains why and how the research design that was selected

for this study was chosen. Along with the procedures that will be followed to

carry out this study, an instrument that will be utilized for data collection is

also described. The researcher also talks about the procedures that will be

followed in order to examine the information that is collected.

Research Design
This research employs a quantitative descriptive approach to data

collection and prensentation. For the most part, percentages were used to

collect and analyze the data. In order to evaluate the effects of Budgeting

Practices Among Grade 12 Students at Tuburan National High School. The

data were interpreted, presented, and analyzed, which served in foundation

for the presentation of the findings, conclusion, and suggestions.

Research Locale

The study will be conducted in Tuburan National High School, a public

school that offers Junior High School with Senior High School located at Brgy.

7, Tuburan, Cebu, since the studys main aim is to determine the budgeting

practices among grade 12 students

Research Participants

The participants are Grade 12 student in any strand enrolled at

Tuburan National High school during the academic year 2023-2024. At

present TNHS has a large population of students, thus, the researchers have

decided to select only (10) students per strand randomly.

The researchers believe that these participants would be enough to

provide sufficient and essential information to answer the questions raised in

this study.

Data Collection Procedures

Before filling out the questionnaire, each person who is chosen at

random to participate in the study will be given a consent document. Their

voluntary participation in the research will be documented using this form.

Confidentiality and the usage of their data both during and after the study will

be covered. Participants will fill out the questionnaire after signing the consent

form. The format of the questionnaire will collect quantitative information. It

will be composed of closed-ended questions with pre-selected response

possibilities so that replies can be easily quantified and analyzed. The

questions will be created to address pertinent topics associated with the goals

of the research. A same set of questions will be included in the questionnaire

for each participant because this study is quantitative in nature. This permits

simple analysis of the findings and guarantees consistency in data collecting.

On the other hand, if more information is needed, researchers might give

participants the chance to offer it. When the process of gathering data is

complete, the questionnaire responses will be combined and subjected to

suitable statistical techniques in order to extract insights and conclusions.

Data Analysis Procedures

The appropriate authorities will receive a transmittal letter outlining the

studys plan of conduct. Following approval, the principal of tuburan national

high school will be conducted via letter to request permission to carry out the

study there. The researcher will give the questionnaire to the respondents

after it has been approved. Both the respondents and their parents consent
will be obtained, and both clearly explain the procedures used for collecting

data.

Following an evaluation of the respondents' responses to each

question, the codes will be simplified into categories. From these categories,

the researchers will generate a general pattern that will stand in for the most

common responses to each of the study's questions.

Abstract

The study delves into the budgeting practices of Grade 12 students at

Tuburan National High School, aiming to comprehensively understand their
methods, financial literacy, and spending habits. Employing a quantitative descriptive
approach, the researchers distributed survey questionnaires to gather data from a
representative sample of Grade 12 students. The findings underscore significant
variations in budgeting approaches among student strands, revealing distinct
preferences for expenditure categories. Notably, expenditures on meals emerged as
a consistent priority across all respondents. However, the study highlights a
concerning trend where only two strands consistently adhere to budgeting practices,
while others face challenges such as unforeseen expenses, dining out, and limited
financial literacy, hindering effective budget management.

The research underscores the crucial role of parental supervision in

monitoring student spending behaviors and advocates for integrating financial
management skills into academic curricula. Recommendations are put forth,
emphasizing the need to focus on improving money management skills within each
academic track and stressing the significance of saving for essential expenses.
Moreover, the study proposes an actionable plan for schools and students to
enhance budgeting practices, aiming to equip students with the necessary tools for
responsible financial decision-making.

Furthermore, the study advocates for future research endeavors to delve

deeper into budgeting issues and financial management, acknowledging the
complexity of the subject matter and the potential for further insights to inform
educational practices and policies. By addressing these findings and
recommendations, educators and parents can better support Grade 12 students in
developing sound financial habits critical for their future success