ALLOWANCE AND BUDGET OF GRADE 11-ABM STUDENTS OF SENIOR HIGH SCHOOL OF CENTRAL PHILIPPINE UNIVERSITY
A Research Proposal
The Faculty of the University Senior High School
Central Philippine University
Barroca Girl Hope
Mesana Aira Patricia
Genine Jade Andrea
Fermalino Princess Anne
Castillo AlannaAbaygar Nichole Anderson
Money used as a way to pay for goods and services and to pay people for their work (Merriam-Webster Dictionary). Money has been part of people’s life and in this generation is easy to spend the stuffs that are not necessary to buy. It is used to buy the foods, clothes, medicines, and other materials that are needed in daily life. It can be used for payment for the goods and services. It can also use for education and even be a powerful person and it can be prevent the sufferings from beggary. Without it, you cannot buy the things that you wanted. It is a must to have a money to live in this materialistic world. Only few know how to handle nor value it. There are few things that cannot be bought by the money. That it is very important to spend it in the things you needed the most. It should be wise in spending money it is essential to save wealth for the future use and plan. The businessmen are the people who have skill in financial matters and also they know when will invest a money unto something that they know it will be useful. However, people have different methods on how to handle and save their money.
Budgeting is a plan that is used in to decide where the amount of money will be use and how it will be used. It is also a way of controlling the self by planning where it will be spent and it ensures that you will have enough money to buy the things you need the most. By budgeting the money it allows you to estimate the money that you will save and to achieve your dreams. It helps you to have an extra money to pay your bills and to get more things you wanted. The benefits that you can get in budget are that can help you set aside for the large plan of yours and help you to live within your bounds. In budgeting it is very helpful to those people who wanted to spend their money in a good way and to the students who have lots of things to pay in their school.
On the other hand, students should learn how to budget their money. The students should learn how to save their allowances as they encounter different obligation in their school as well as the things that they wanted to buy on their own. Budgeting is most important to them that can be very useful for them in daily life. It can help them to be more understanding on how to handle the money for their future. Students should know how much money that they spend. It is something to do in their surroundings. It becomes a challenge to the students to manage their money. Transportation, foods, and textbooks that are not the only things that they need to worry about, there are a lot of expenses that they need pay for. For the students it will hard for them to budget their allowances on their own. Recognizing this, the study aims to know how the Senor High students budget their allowances. The researcher decide to survey the Grade 11-ABM Senior High School students of Central Philippine University.
The significance of the findings of how much a students of Grade 11-ABM spends per week. It would let us know where they spend their money a lot. Upon the information, the researcher will be able to determine the same potentials or behaviors on how the Grade 11-ABM students spend their money.
The researcher will find out how much allowance are given to the SHS Grade 11-ABM students in particular, where they spend their allowance and how they budget it per day or in a week. This will point out the students in their financial matter. This study aims to benefit the students, parents and the department upon the information.
Statement of the Problem:
This study is aimed to find out where the Grade 11-ABM Senior High School of Central Philippine University spend their money per day or weekly by conducting a survey specifically to the Grade-11-ABM students during the school year 2018-2019.
Especially, the study sought to the answer the following question:
Is there any significance on knowing the money spend of Grade 11-ABM students per day?
Is there any ways how to budget the money of Grade 11-ABM students?
How the Grade 11-ABM students allocate their budget?
Importance of the study:
The study deals with the everyday allowance of Senior High School Grade 11-ABM students. It shows how and the respondent spend their money. Money is an essential product that helps them in their daily needs, this study is significant for it will benefit the Senior High School students, their parents and the SHS Department.
Senior High Students
This study is beneficial to the Grade 11-ABM students to evaluate on spending their money. The students will know where they spend their money so much. This study can help them on how they use their allowance wisely by not spending it so much.
This study can benefit the parents by knowing the allowance that they give to their children and to know where they use it. This study will let them know if the allowance that they give are enough to their children on their needs and to control their children in order to save money.
Scope and Delimitation:
This study was limited and conducted only at the Central Philippine University. The respondent of this study is the Grade 11-ABM Senior High School students and the researcher have planned to have 120 students of Grade 11-ABM students to be conducted. The method that will be used in conducting and collecting data by the researcher is through survey. This is used to know and to estimate the amount of money that the Grade 11-ABM students spend per day or week and where they spend too much.
Definition of Terms:
The following terms stated for the better understanding of the study.
Allowance- refers to the money that the Grade 11-ABM students used for their daily needs; it is given by their parents.
Money- refers to where they get the expenses that they have used.
Budget- refers on how they have planned to use their money in response of their daily allowances.
SHS- refers to the chosen department of the study.
CPU- serves as Central Philippine University
ABM- Accountancy Business and Management