Improper Budgeting of Allowance and its Effects in the Academic Performance of Grade 12 ABM Students in Bestlink College of the Philippines School Year 2018-2019

Abstract

Budgeting has been part of the daily lives of people. It exists anytime and anywhere, others have enough budget while others do not. Expenses of people also differ based on their status in life. Students, having their weekly allowance, experience some struggles in proper budgeting. The purpose of this study is to assess the effects of improper budgeting of allowance in the academic performance of Grade 12Accountancy, Business, and Management students. Using a qualitative method and descriptive research design, this study focused on how improper budgeting affects the academic performance of grade 12 ABM students. There were three academic variables identified as affected by improper budgeting of allowance, such as the students’ attendance, performance, and school-related expenses. Data were gathered by distributing questionnaires to the target respondents. The results of the study revealed that improper budgeting affects the Academic Performance of Grade 12 ABM students in terms of (1) Attendance —improper budgeting resulted to lack of transportation and food allowance, affecting the capacity of the students to report regularly in the class and lessening the number of outputs submitted during class discussions. (2) Performance —improper budgeting of allowance affects the capability of the students to meet all the requirements in the class, resulting in late submission and low-quality output. (3) School-related expenses —improper budgeting of allowance affects the capacity of the students to meet other school-related expenses, affecting their capability to participate in school-related activities and events. The results of the study showed that students must be knowledgeable and disciplined in budgeting their allowances. Parents should monitor and guide their students on how they should budget their allowance and monitor other expenses of the students that affect their allowance for food and transportation. Teachers can also discuss some tips on proper budgeting of allowance depending on the amount of budget. Finally, this study recommends further research about the range of senior high school allowance to give effective guidelines on how they will budget their allowance properly.