- Information
- AI Chat
A Descriptive Research ON Allowance AND
Bachelor in Secondary Education (BSED 4101- S)
Bestlink College of the Philippines
Recommended for you
Preview text
A DESCRIPTIVE RESEARCH ON ALLOWANCE AND BUDGET OF
ABM SENIOR HIGH STUDENTS (GRADE 11-12) OF ST. MICHAEL’S COLLEGE IN
ILIGAN CITY
CHAPTER 1
The Problem and Its Background This chapter covers the introduction, background of the study, statement of the problem, conceptual framework, scope and delimitation, significance of the study and definitions of terms.
Introduction
Going to Senior High School is an important part of any person's life. It is probably the first time students get to experience independence. Being independent is both a privilege and responsibility. To be a responsible student isn't something that can be achieve overnight. It needs to be put in mind and be an attitude. One of these responsibilities is managing their allowance (Kazmier, 2004). One of the challenges that every student encounter is to manage the money their parents provide them. Many students are having a hard time in terms of budgeting their allowances. Money as one of the main necessity plays a significant role in every student to survive Senior High School (Babbie, 1997 ).
Students on the other hand, learn to save their allowance as they grow and meet different requirements in school as well as things they want to buy for their own. Budgeting is one of the practical skills that come in useful for them (Norvilitis, et al., 2006). It helps them to attain a better understanding of financial matters that would become handful in their future. The manner in which the students manage their money depends on their daily needs;
somehow it changes due to some factors. Students have their personal needs, and through this study we will know how and where they generally spend their money. The more knowledge students have about their financial responsibility and status the less likely they are to be in debt (Norvilitis, et al., 2006). According to study women are more likely to report having a budget than men (Norvilitis, et al., 2006). Allowance is a necessity for every student (Micomonaco, 2003 ). It is a means of survival. It can also help students be financially responsible. Being essential, it just is right to state that students shall be able to budget their allowance appropriately. The problem is how to do it. Doing so isn't easy since students need to manage their allowance between their needs and wants. Also some only have a limited amount of money. Proper budgeting is important. If done responsibly, it can give both the students' needs and wants.
Due to factors that can affect budgeting, there exists a difference on planning a budget. The manner in which college/senior high school students manage their money is based on several factors such as age, personality traits, and knowledge (Gordon, 2010 ). This is the main focus of the study - the personal budgeting practices of students. To assess if the students possess financial management skill. To know how they manage their finances and the impact of the variables to their personal budgeting practices.
This study focused on the students of ABM Senior High School of the St. Michael’s College in doing their budget daily. This study will also benefit the students as well as helping them to improve their budget planning, make a recommendation based on the respondents what are the best thing to do in budgeting their allowances and also the things that they need to change in their budget planning.
The main purpose of this study is to find answers from the respondents as to how and where they spend their money every day. Budget as the main subject of this study will focus on the proper allocation of allowances of every
2 Communication 2 Savings
- Is there a significant difference on students’ personal budgeting practices and their profile?
Conceptual Framework
Figure 1. Research Paradigm The diagram shows the organization of ideas. The proponents opted to use Input-Process-Output diagram. The first box shows the inputs needed to gather data. These are the variables specific to each respondent. The second box represents the how the data will be gathered and the tools to be used in analyzing the
INPUTS PROCESS
survey questionnaire data gathering
PROFILE
Age Gender Year level Class schedule No. of class VARIABLE Transportation Food Luxury and Leisure
OUTPUT
Budgeting Practices
of students
data. The last box will be the result which is the main focus of this study.
Scope and Delimitation
The research study is limited and conducted only 100 students at St. Michael’s College- ABM Senior High School in the 1st semester of school year 2018-2019. The respondents of the study are from the from ABM Senior High School grade 11 and 12 since they have the knowledge in budgeting. Each of the respondents will be given a questionnaire to answer. In order to assure the manageability of the collected data, the proponents will only provide multiple questions like, checklist, ranking and rating question. This is used to assess and estimate the amount of money of ABM Senior High School students on where and how they spend their money and how they manage their finances.
Significance of the Study
According to Merriam-Webster Dictionary, budgeting is an amount of money available for spending that is based on a plan for how it will be spend and allowance is an amount of something that is allowed o available. If we connect these two words, it would mean, spending the available money within a plan. This research focuses on the significance of different point of view of the users such as the students, the parents, the administration, teachers or professors and the researchers.
For the students, some of the senior high school students are free from home and mostly they are living on a budget, others are living without worrying their allowances running out because they have enough to survive and the worst case are those students who simply getting themselves into a cycle of debt by each other mean. This is where the significance of allowance budgeting practices exists, to know; means to survive within daily allowance,
Allowance - is an amount of money given or allotted usually at regular intervals for a specific purpose.
Budget - is a quantitative plan used as a tool for deciding which activities will be chosen for a future time period.
Budgeting - budgeting is a process. This means budgeting is a number of activities performed in order to prepare a budget.
Budgeting Practices - the usual habit of students in spending their allowances and managing their finances
Communication - means of connection between people or places, in particular.
Composite Mean - refer to composite measures of variables, i. measurements based on multiple data items.
Descriptive method - is used to describe characteristics of a population or phenomenon being studied.
Luxury and Leisure - activities or hobbies students usually do after class or vacant period.
Meal - the food students eat at school.
Projects and Books - these are the school requirements the students must comply with.
Savings - the amount or money the students have saved.
Solving Formula - is used to calculate the sample size.
Stratified Sampling - with stratified sampling, the researcher divides the population into separate groups, called strata. Then, a probability sample (often a simple random sample) is drawn from each group.
Transportation -mode of travelling from home to school.
Weighted Mean - Mean in which each item being averaged is multiplied by a number (weight) based on the item's relative importance. The result is summed and the total is divided by the sum of the weights.
A Descriptive Research ON Allowance AND
Course: Bachelor in Secondary Education (BSED 4101- S)
University: Bestlink College of the Philippines
- Discover more from:
