Budgeting: A Quantitative Study on the Senior High School Students’ Management of Their Weekly Allowances

Abstract

The purpose of this research is to identify how the Senior High School Students of St. Mary’s College QC manage their allowance and expenditures primarily every week. This research looks at the word of Simone Galperti wherein his theory “A Theory of Personal Budgeting,” shows the relationship between budgeting and self-control problems in terms of expenditures. The goal of this research is to inform and educate the Senior High School students of St. Mary’s College QC on how they spend their money and if it is the best way possible on spending it. The researchers used survey questionnaires to get the most accurate answer possible. The researchers made use of a non-experimental quantitative research design to control the factors that may supply to the effectiveness of the study. This research will educate Senior High School students of St. Mary’s College QC to the point where they can have a good grasp on how they should spend their money and manage it wisely. The population consist of 116 correspondents: 37.93% are grade 11 students with 44 correspondents; 62.07% are grade 12 students with72 correspondents. Based on our graph for the “allowance per week,” 25% of the votes were “others” which states that their allowance is below 100 pesos or above 500 pesos. On the other hand, 95% of the votes was “food” where they spent their allowance, and 1% chose “school supplies” as their means of expense. Base on 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.