RELATIONSHIP BETWEEN BUDGETING SKILLS AND SCHOOL ALLOWANCE OF GRADE 12 ACCOUNTANCY, BUSINESS, AND MANAGEMENT STUDENTS AT IMMACULADA CONCEPCION COLLEGE

Abstract

Budgeting is the process of creating a plan to spend your money. By making this spending plan, you can decide whether you will have enough money to do the activities that are essential for you or things you want to do. This study aims to examine the relationship between budgeting skills and the school allowance of Grade 12 Accountancy, Business, and Management students. The researchers collected 165 responses from Grade 12 ABM students randomly. This study employed a stratified sampling technique to acquire the necessary data for their research. The research method used in this study is quantitative research that deals with measurable solutions and numbers while a descriptive-correlation research design is used by the researchers to investigate the characteristics of relationships. The Pearson Correlation Coefficient was used as the statistical treatment to measure the relationship between the two variables. The result of the study indicates that the majority of the students only have ₱50.00-₱100.00 daily school allowance. The r value of this study is -0.0565 and its P value is 0.4671 — the budgeting skills of the students has no significant relationship to their school allowance. Students should prioritize their needs over their wants. They should also practice creating a budget plan to track and manage their expenses effectively, allowing them to save more money.