Considering the Impact of Financial Budgeting Of Selected ABM Students towards their Academic Performance in Bestlink College of the Philippines S.Y. 2018-2019

Abstract

Time and money are scarce and the efficient and effective use of these resources requires planning. Planning alone, however, is insufficient. Control is also necessary to ensure that plans get carried out. Money plays a vital role in every person’s life. It can also prevent the suffering that comes with poverty like cold and hunger, give satisfaction, and provide education and even power. For students who are not income-earners, they should be diligent in using their very limited resources. The methods used in the study was descriptive research design. It focused on the 50 ABM students of Bestlink College of the Philippines where survey questionnaires were answered and validated. As a result of our survey, the study concluded that financial budgeting is one of the problems of the students of Bestlink College of the Philippines. This, in turn, has an impact on the academic performance of the students since they need money for doing projects and attending activities that are vital for their academic performance. The researchers also recommended that the teachers and the school need to enhance the skills of the students in terms of financial budgeting and not just be limited to its theories but also with its application to the very lives of these individuals. It can be an effective way to help ensure the success of the students in their future endeavors inside and outside the school.