THE INFLUENCE OF DAILY ALLOWANCE ALLOCATION ON THE SPENDING BEHAVIOR OF GRADE 12 ACCOUNTANCY, BUSINESS AND MANAGEMENT STUDENTS AT IMMACULADA CONCEPCION COLLEGE

Abstract

As the field of education grows, one of the most important tasks is to help students develop behaviors influenced by their allowance spending by guiding them toward financial responsibility and awareness. This study aimed to determine the influence of daily allowance allocation on the spending behavior of Grade 12 Accountancy, Business, and Management (ABM) students at Immaculada Concepcion College (ICC). The study follows a quantitative method, and a descriptive-correlational design was utilized to determine the relationship between daily allowance allocation and the spending behavior of students. To effectively analyze the data, the researchers used frequency and percentage distribution, the Likert scale, weighted mean, and Pearson correlation coefficient. The results of the study revealed that the average daily allowance allocation of Grade 12 ABM students shows that 59 out of 130 students have a daily allowance ranging from 100 pesos to 150 pesos, while 46 out of 130 students have a daily allowance below 100 pesos. Additionally, the results revealed that 25 out of 130 students have a daily allowance ranging from 150 pesos to 250 pesos or more. Moreover, the data also revealed the level of spending behavior of Grade 12 ABM students in terms of food, transportation, and school expenses, which had average weighted means of 3.07, 3.19, and 3.28, respectively. The relationship between daily allowance allocation and its influence on the spending behavior of Grade 12 ABM students showed that there is no significant relationship. It is also suggested that a seminar could help the students to set proper financial goals and prioritize their spending.