Factors Affecting the Budgeting of Allowances of Senior High School Students: Basis for a Proper Budgeting Awareness (PBA) Program

Abstract

INTRODUCTION

The main objective of this study was to determine the factors affecting the budgeting of allowances for Senior High school students.

METHODS

The study used a typeof quantitative research thru survey. The results were used as the basis for a proper budgeting awareness program.

RESULTS

Respondents agree that their family, financial status, peers, and personal decision affect them in budgeting their allowances. However, when the respondents were grouped according to their demographic profile, there was a significant difference in the perception of the respondents. Also, there was a significant difference in the perception of the respondents regarding the factors affecting the budgeting of allowances when they were grouped according to their daily allowance in terms of personal and peers influence.

DISCUSSIONSThere was no significant difference in the perception of the respondents regarding the factors affecting the budgeting of allowances when they were grouped according to their sex, age, and family's monthly income in terms of family influence, financial status influence, peers influence, and personal influence. Also, there was no significant difference in the perception of the factors affecting the budgeting of allowances when they were grouped according to their family members in terms of family influence, financial status influence and peers influence. Moreover, there was no significant difference in the factors affecting the budgeting of allowances when they were grouped according to their daily allowance in terms of family influence, and financial status influence. A proper budgeting awareness program was developed to help the parents, teachers, researchers, future researchers, and the students.