Effects of Budgeting Students’ Allowance to the Academic Performance of Grade 12 ABM Students In Bestlink College Of The Philippines School Year 2018-2019

Abstract

The academic performance of the students is very important to both teachers and students as this reflects the effectiveness of the teaching-learning process. However, effective allowance budgeting which falls outside the corners of the normal teaching-learning process is deemed significant for the students because this will benefit them not only for sustaining their everyday needs in school but also for helping them be more prepared in the proper handling of finances. A qualitative method was used in the study. Using a descriptive research design, it focused on the assessment of Grade 12 Accountancy and Business Management students and the effects of students' allowance budgeting to their academic performance. There were four variables identified to be affected by allowance budgeting, such as transportation, food, projects, and savings. Data were collected by distributing questionnaires to the target respondents. Theresults of the study revealed that allowance budgeting affects the academic performance of the Grade 12 Accountancy Business and Management Students in terms of these: (1) Transportation –allowance budgeting helps students attend their class on time and it gives positive effects on their academic performance; (2) Food –allowance budgeting helps students properly allot their money on food so they can have enough energy to participate well in class recitations and activities; (3) Projects-allowance budgeting positively helps students to make their assigned projects with fewer expenses; and, (4) Savings –allowance budgeting helps students save money that can be used for future academic expenses. The results demonstrate the need for the parents, teachers, and school administrators to lead the Bestlink students in creating effective allowance budgeting in terms of achieving their academic goals. This may somehow affect their academic strategy in becoming academically excellent. That is why it is very important that students are knowledgeable enough about effective allowance budgeting because it can positively affect their academic performance. A learner-driven seminar or workshop and guidelines must be implemented to train the students to be the best and be linked to success with the help of allowance budgeting.