Assessment on Effectiveness of Using 50-30-20 Rule in Improving Budgeting Skills ofGrade 12 ABM Students


  • Bianca Angela Rosales
  • Mikhail Louis Cea
  • Lusziel Castaritas
  • Bryan Larisma
  • Eaiver Concepcion
  • Crystel-Joy Tamon


assessment, 50-30-20 rule, budgeting skills


The research topic is budgeting and how the students can improve their budgeting skills. Budgeting is a plan that is used to decide the amount of money. Good budgeting is spending less than you are earning as you plan for your financial goals. It is also aprocess of creating a plan to spend and invest your hard-earned money wisely to meet your personal financial goal. It should not be a mathematical exercise that we think we have to endure; rather, it is the result of self-assessment of our relationship with money and a necessary road map to steer toward to higher standard and quality of living. This study aimed to improve the budgeting skills of students to know how to budget money theright way. Following a budget or spending a plan will also keep them out of debt or help their way out of debt. Budgeting shows all the monthly cash inflows and outflows, which will allow them to achieve financial goals by helping them identify spending and saving habits. Given that budgeting allows us to create a spending plan for our money, this study used a qualitative descriptive research design. The researchers created and served survey questionnaires that will help us gain insights into the study. The collected data were evaluated, and conclusions were drawn. The respondents of the study were 50Grade 12 Accountancy, Business, and Management (ABM)students that were selected through quota sampling. Based on the results of the study, practicing the 50-30-20 rule addressed the above-cited problems and improved the budgetingskills of Grade 12 ABM students in managing their allowance in terms of (1) avoiding the shortage of allowance (the students avoided shortage of allowance), (2) saving excess allowance (practicing the 50-30-20 rule helped them save their excess allowance in school), and (3) improve knowledge in proper budgeting (students practicing 50-30-20 improved their knowledge about proper budgeting). The researchers recommended that the students should apply the 50-30-20 rule in managing their allowances. It is also applicable and beneficial to the teachers and school personnel in managing their salaries. The school administrators must help the students and teachers to improve their financial management by conducting financial wellness programsor literacy.



How to Cite

Rosales, B. A. ., Cea, M. L. ., Castaritas, L. ., Larisma, B. ., Concepcion, E. ., & Tamon, C.-J. . (2020). Assessment on Effectiveness of Using 50-30-20 Rule in Improving Budgeting Skills ofGrade 12 ABM Students. Ascendens Asia Singapore – Bestlink College of the Philippines Journal of Multidisciplinary Research, 2(1). Retrieved from

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