THE RELATIONSHIP OF DAILY ALLOWANCE AND BUDGETING OF GRADE 12 ACCOUNTANCY, BUSINESS AND MANAGEMENT STUDENTS AT IMMACULADA CONCEPCION COLLEGE

Abstract

The relationship between daily allowance and budgeting seeks to investigate students' budgeting levels concerning their daily allowance. It aims to determine how students allocate their daily allowance and their budgeting practices in terms of various factors such as transportation, food, wants and leisure activities, school events and contribution fees, and mobile data. This study follows a quantitative, descriptive, correlational research design to describe how the research objectives will be met, including the steps, methods, and procedures for collecting and analyzing data. The researchers collected data from a total of 151 Grade 12 Accountancy, Business, and Management (ABM) students at Immaculada Concepcion College using the convenience sampling technique. The results of this study revealed that students have varying amounts of daily allowance, which are allocated to different factors in their everyday expenses. However, the correlation between these two variables is interpreted as negligible. Therefore, it is concluded that daily allowance and student budgeting have no significant relationship, leading to the acceptance of Ho. The negligible correlation between daily allowance and student budgeting highlights the need to promote workshops, programs, and webinars that provide practical tips and strategies for creating an effective budget, tracking expenses, and making informed financial decisions. Additionally, it is important to adapt various educational budgeting tips for different social media platforms so that students can gain knowledge and insights to apply in their lives and develop financial responsibility.