The Effects of Budget Management in Academic Performance of Grade 12 ABM Students in Bestlink College of the Philippines School Year 2018-2019

Abstract

Budgeting is a very challenging task especially for students who have limited allowance. Students face a lot of payments and expenses for their academics and extra-curricular that affect their academic performances. This study aims to assess the effects of budget management in the academic performance of Grade 12 ABM students in Bestlink and to provide ideas and tips for the effective budget management of students’ allowance. A quantitative method and descriptive research design were used in the study. It focused on how Budgeting Management Affects the Academic Performances of Grade 12 Accountancy, Business, and Management. Four academic variables were identified as affected by budget management. These include (1) attendance, (2) projects, (3) Food, and (4) Extra-Curricular activities. The data were collected by distributing questionnaires to the target respondents. The results of the study revealed that budget management affects the academic performance of the Grade 12 ABM Student in terms of the following variables: (1) Attendance –with proper budget management, students properly separate the part of their allowance for transportation, making sure to attend class regularly. (2) Projects –proper budget management teaches the students to separate and save a portion for projects and other expenses so that they can comply with whatever requirements needed in their subjects. (3) Food -proper budget management helps the students maintain a healthy lifestyle based on the foods they eat, avoiding skipping meals when they are lack of budget. (4) Extra-Curricular Activities –proper budget management helps the students pay incoming activities from their savings. The result of this study showed that Budget management affects the academic performance of Grade 12 ABM Students and identify problems that need to be addressed especially improper budget management. For the Grade 12 ABM students to learn and apply the proper budget management, the school must conduct a budget management program or seminar that will give ideas in proper budget management. With this, students can achieve academic excellence despite the complexity of budget management.