The Importance of Saving Money among Grade 12 ABM Students of Bestlink College of the Philippines SY 2018-2019

Abstract

“Savings” are usually put into the safest places or products that allow us to access our money at any time. People’s saving decision is rationally based on their economic situation and preferences. Saving money is a hard task to accomplish, though it always gives the impression that when things came up, there goes your saving. Many students end up making some costly money mistakes that is why students must have good saving habits. Nowadays, most students are aware and concerned with the continuous and uncontrollable increase in prices of goods and services. To cope, students manage their finances with their strategies. They learn to pay attention not only in terms of their expenses but also to find ways of saving. Some students cannot cope with this problem. It is really hard for them to be on a tight budget.It can be depressing and frightening to realize that they do not make enough money to cover their expenses and they are still relying on their parents for their expenses. Moreover, due to the costly habits of the students, they need to know how to save money for their benefits in case of emergencies or immediate needs. This study aims to describe the attitudes of ABM Students towards money and saving. The researchers used the descriptive method. This design is fact-finding and aimed at casting light on problems through a process of data collection that enables the researcher to describe the situation more completely. Descriptive research is mainly done when the researchers want to gain a better understanding of a topic by gathering useful data. The survey will be conducted with the ABM Students of Bestlink College of the Philippines as respondents. According to the data gathered, it indicates that most of the students help themselves to pay other expenses and buy things with the help of their savings. Out of50 respondents, they strongly agreed that saving money is also necessary as students with a tight budget. Most of the students help themselves pay other expenses and buy things with the help of their savings. Therefore, the researchers concluded that the savings of the students were useful. Most of the students are not afraid when there are unexpected expenses because they have savings. Some of the students are not having any difficulties in covering school expenses because of their savings.