THE EFFECTS OF IMPULSIVE SPENDING PATTERNS ON ALLOWANCE MANAGEMENT OF GRADE 12 ACCOUNTANCY, BUSINESS AND MANAGEMENT LEARNERS

Abstract

One of the challenges that students encounter is the difficulty of managing their allowance and controlling their spending. The level of the perceived problem with impulsive spending is still not fully understood. This study focused on determining the impulsive spending patterns and allowance management of students at Immaculada Concepcion College using a descriptive method. The researchers used stratified random sampling to determine the 171 respondents in Grade 12 who are taking the Accounting, Business, and Management Strand. A researcher-made questionnaire was used for data collection. Based on a summary of findings, respondents were found to spend cautiously on food, personal needs, and academic purposes. The alternative hypothesis, "There is a significant effect of impulsive spending patterns on the allowance management of Grade 12 Accounting, Business, and Management learners," was not rejected. The gathered results show that impulsive spending has negative effects, particularly on students who lack the knowledge to manage their allowance, as well as those who do. Additionally, various circumstances still influence why students may end up spending money they did not intend to or spending impulsively.