ABSTRACT

Title : THE COMMON STRATEGIES IN BUDGETING THE ALLOWANCE

OF

THE GRADE 11 STUDENTS OF ACT BULACAO CAMPUS

Researchers : Althea Joy E. Taglinao

Rexbel L. Tapangan

Ma. Lea Cassandra G. Cabanig

Miguel Juban Jr. Fernandez

Program : Senior High School

School : Asian College of Technology – Bulacao

Researcher Teacher : Ma’am Maricar Tumulak

Date Completed : March 28, 2023

Authored by:

Althea Joy E. Taglinao

Rexbel L. Tapangan

Ma. Lea Cassandra G. Cabanig

Miguel Juban Jr. Fernandez

Grade 11 Senior High School Department

Accountancy and Business Management

Submitted In Partial Fulfillment

of the Requirements for the Subject

APPLD 02 – Practical Research 1

2nd Semester, School Year 2023-2024

Submitted to

Ma’am Maricar Tumulak

Asian College of Technology

CHAPTER 1

The Problem & Its Background

1.1 Rationale

Inflation is an increase in the general price level of goods and services in our economy. When the

general price level rises, each buys fewer goods and services accordingly. The unemployment rate,

growth rate, and inflation rate communicate a lot about the health of an economy. The prices rise

for food, commodities, and other goods and services our entire economy is affected. The rising

prices are known as inflation. Commonly, high inflation rates are studied to be damaging our

economy. According to the Philippine Statistics Authority, from 2.1% in May 2020, the inflation

rate rose to 4.5% in May 2021, which shows an increase of more than 100%. Their unemployed

parents can't afford to give a higher allowance for their children's needs in school, and due to the

inflation of the price level, the students can't make ends meet.

These are the factors that may affect the Grade 11 ABM students of the ACT Bulacao Campus in

the inflation rate: food, transportation, study materials, uniforms, school projects,

and tuition fees. Currently, the education inflation is at 10% to 12% parents are finding it

impossible to meet the growing fee structure and associated educational costs. The essential needs

of students’ uniforms, textbooks, tuition fees, school shoes, and transportation and food have

become so expensive that it is slowly becoming impossible for a parent to afford his child’s

education. Students have only budgeted allowance. Inflation may highly wreck the minds of the

students it is stead of focusing on their studies, they are thinking about an alternative way for

students like them to pay for their expenses or daily essentials.

essential needs or expenses.

b.) Finding an alternative way to have another income to make ends meet.

c.) Identifying every student’s allowance and their parent’s income.

1.2 Theoretical Background

Self Control Theory by Hopwood in (1976), it explains that this is down to student’s behavior but

this can be helped by a suitable system of rewards, performance related pay. The thought of this

theory is in order for the students to know how to control their self on not spending their money or

allowances in uneccessary stuff. The relationship of this theory to our present study is that self

control theory is we need to control ourselves from over spending in our budgeted money or

allowance. Motivational Theory by Kay Hofstede in (1967), it explains that in saving it’s a must to

set a particular goal that will motivate you to achieve your budgeting plan. The thought of this

theory is in order for the students to save or budget their money or allowances they must be

motivated. The relationship of this theory to our present study is that motivational theory explains

that us students must be motivated especially in budgeting our allowances and a kind of

responsibility where an individual will be able to save and budget his or her money and spend it on

important purposes only. Budget Planning Phase Theory by David Carnis in (2017), it explains that

overall budget planning phase theory differs from the costing phase in that the budget planner takes

a broader view. It is believed that one of the hardest part of budgeting the allowance of a Grade 11
student is the isolation of their wants from their needs. The thought of this theory is in order for the

students to ensure that they are not over spending their money or allowance in necessary stuffs. The

relationship of this theory to our present study is that in budget planning phase theory is that,

within a definite period of time certain amount of money is to be spent and such and such aims or

objectives are to be attained.

INPUT PROCESS
Student Profile
S  Data Gathering
 Age  Survey
 Grade, strand & Questionaires
section  Analysis of data
 Source of income through
 Allowance
 Parents work
status & income

Figure 1. Research Paradigm

OUTPUT

Common Strategies in
Budgeting the allowance
of the Grade 11 students
of ACT Bulacao Campus
1.3 Statement of the Problem

This study contributes the problem of the students many expenses in school, to understand

and identify the common strategies for budgeting the allowance and having an alternative income

which can affect or change the every life of the Grade 11 students of ACT Bulacao Campus.

Specifically aims to answer the following questions:

1. What are the profile of Grade 11 students of ACT Bulacao Campus?

a. age

b. grade, section and strand

c. living ( parents work status and income)

d. source of income ( Grade 11 students of ACT Bulacao Campus)

2. How did the students survive in spending their daily allowance?

3. What are the strategies suggested by the students of Grade 11 ACT Bulacao Campus?

1.4 Scope & Delimitation

The research study is limited and conducted only at Asian College of Technology – Bulacao

Campus in the 2nd semester of school year 2023-2024. The respondents of the study are Senior

High school students under 11th year level. Each of the respondents will be given a questionnaire

to answer. So as to guarantee the reasonability of the gathered information, the researchers will

only provide multiple questions such. This is used to evaluate and gauge the measure of the amount
of money of Grade 11 Senior High students on where and how they spend their money or

allowances and how they allocate their budget or what are their budget plans.

1.5 Significance of the Study

This study was conducted to know how the students will be able to spend wisely or budgeting

their daily allowance. This research would greatly benefit the following:

Students - The students will have the idea of how to budget their allowance or how will they be

able to manage their money properly. Mostly students are prone to spending other stuffs that are

not necessary or their needs. It will also inform the students where they generally spend their

money with and what is the general total amount of money they spend weekly from that certain

variable. The students can greatly benefit on how or what are the strategies in budgeting their

money or allowance.

Parents - The parents may also learn something from this research because they are the one

providing or giving the allowance to their children. As parents have different styles of giving

allowance to their children, they believed that giving allowance to their children can teach them to

be financially responsible. They can teach their children some basic budgeting or saving when it

comes to money.

Teachers – The teachers can also benefit in this research because they can also teach children in

school how spend their money wisely and separate the expenses needs or wants. They can teach

their students on having a budgeting plan. Moreover, this study will help to enlighten the teachers

to be more considerate towards students’ concerns and needs.

1.6 Definition of Terms

purpose

Budgeting - is a process of creating a plan to spend your money. It is simply balancing your

expenses with your allowance.

Income – money received, especially on a regular basic for work or through investment.

Savings - the amount of money the students have saved.

Essentials – a thing that is absolutely necessary.

Money - a current medium of exchange in the form of coins and banknotes; coins and banknotes

collectively.

Inflation – the rate of increase in prices over a given period of time.

Economy – the wealth and resources of a country or region, especially in terms of the production

and consumption of goods and services.

REFERENCES:

Chen (2019) : It is the constant rise in the general level of prices where a unit of currency buys less than  

it did in prior periods.(page 5)

Savanstano and Sharma (1997) : the inflation targeting is likely to be a more effective strategy if it

is phased in only after there has some successful disinflation.(page 5)