ANALYSIS OF WEEKLY BUDGET ALLOCATION AND SPENDING

PRIORITIES AMONG ACCOUNTANCY, BUSINESS, AND

MANAGEMENT STUDENTS AT GRANBY COLLEGES

OF SCIENCE AND TECHNOLOGY

A Research Study

Presented to the Faculty of

Senior High School Department

Granby Colleges of Science and Technology

In Partial Fulfillment

of the Requirements for

the subject Practical Research 1

Researchers:

De Asis, Franzine Chrace

Dela Cruz, Anne Juliana Joy

De Pablo, Janica Marie

Estel, Jehra Mae

Lapez, Prince Joshua

Orcajada, Aldrian Jhay

Rostata, Jasmine

March 2025
 CHAPTER I

INTRODUCTION

Background of The Study

In this study, Researchers will examine how the Accountancy, Business and management

students at Granby Colleges of Science and Technology divide their weekly allowances across

different expenses like food, transportation, school supplies and many more. We will identify

how they prioritize their needs from their wants. Students can divide their money by using some

budgeting methods like recording the expenses, limiting their wants and setting financial goals.

By the help of these methods, Students can effectively manage their weekly or monthly

allowances and ensure they meet their essential needs while still having funds for their wants.

Within the rapid pace of current education, financial literacy is increasingly important for

students in Accountancy, Business, and Management disciplines. Straining to juggle personal

responsibilities alongside academic obligations, these students need to manage their weekly

budget to optimize their finances without compromising their academic success. Analyzing the

selected financial strategies reveals salient priorities that provide substantial information about

their financial behavior, skills, and lifestyle.

This research project seeks to examine the spending patterns and budget allocation of

Accountancy, Business, and Management students at Granby Colleges of Science and

Technology. By understanding the emerging trends, preferences and difficulties concerning

student budgeting within a broader context, this research aims to develop instructional materials

for financial literacy education and auxiliary services. Moreover, the data will promote better

financial planning for students, which will foster their overall personal and professional growth.

The rising cost of college has become a major challenge for students, making it more important

than ever for them to understand how to manage their money wisely. This is especially true for

students in the Accountancy, Business, and Management track, where strong financial skills are

not just helpful but essential for their future careers. While many schools and organizations are

now offering financial literacy programs, there's still a big question around how well students are

actually applying what they learn to their everyday lives.

This study focuses on the weekly budgeting habits and spending priorities of Accountancy,

Business and Management students at Granby Colleges of Science and Technology. It aims to

give a clearer picture of how these students manage their finances on a day-to-day basis.

Previous research on student budgeting has looked at things like family background, parental

support, peer influence, and cultural trends. But there’s still a gap when it comes to

understanding how Accountancy, Business and Managements students, in particular, handle their

money—especially within a specific school setting. Since these students are training for careers

in finance and business, it’s important to know whether their financial behavior reflects what

they’re learning.
 To fill this gap, the study will take a close look at how Accountancy, Business, and

Management students at Granby Colleges of Science and Technology allocate their weekly

budgets and what factors shape their financial decisions. This includes their class schedules,

extracurricular activities, social lives, and personal goals. By exploring these areas, the research

hopes to find connections between their academic paths and the way they manage their money.

Ultimately, the goal is to gain insights that can help improve financial literacy programs and

better support students as they prepare for their professional lives.

In addition, money management while in senior high school can have lasting effects.

Behaviors developed in these early years will likely carry over into adulthood, particularly as

students move into college or the workforce. Building good budgeting habits today can lead to

financial independence and security in the future. Thus, the results of this research can be

beneficial not just to the students themselves but also to policymakers, parents, and educators

who seek to improve financial education programs.

By revealing trends and typical problems with student budgeting, this research hopes to provide

valuable input to the creation of better financial literacy education and student support services.

It can also promote the inclusion of more experiential and practical financial management

activities in the Accountancy, Business and Management curriculum. With this study, we aim to

instill a culture of prudent financial behavior, enabling students not only to survive their college

life but also to thrive in their professional and personal lives.

Overall, this research will investigate the budgeting practices and weekly allowance management

among Accountancy, Business, and Management students in Granby Colleges of Science and

Technology. It will measure how they make their needs a priority over their wants, how they

apply budgeting techniques, and what drives their financial choices. Knowing these habits, this

research aims to make students more financially aware and provide them with the necessary tools

for long-term financial sustainability.

Statement of the Problem

This research aims to determines the effectiveness of using music as a motivation to Grade 11

and 12 Accountancy, Business, and Management in Granby College of Science and Technology

Specifically, It is focus to answer the following questions:

1. What is the Demographic Profile of the Students in terms of:

1.1 Name (Optional)

1.2 Age

1.3 Gender

1.4 Grade Level

2. How much is the weekly allowance of Accountancy, Business, and Management students?

3. What are the spending priorities of Accountancy, Business, and Management students?

4. Does being Accountancy, Business, and Management students helps to budgeting the weekly

allowance of Accountancy, Business, and Management students?

Significance of the Study

The result of this study will be beneficial to the following:

Students : This research offers a practical, real-world guide to understanding your spending

habits. It empowers you to see where your money goes, identify areas to cut back, and develop

effective budgeting skills. This leads to less financial stress, better long-term planning, and the

confidence to make smart financial decisions throughout your life, both personally and

professionally. It's a valuable tool for building strong financial habits early in your career.

Parents and Guardians : Gain a clearer picture of your student's financial life. This research

helps you understand their spending patterns and priorities, allowing for more supportive and

effective conversations about budgeting, saving, and responsible spending. It strengthens your

relationship with your child while equipping them with the skills for greater financial

independence.

Teachers : Enhance your financial literacy curriculum with real-world data. This research

pinpoints common student spending challenges, enabling you to tailor your lessons, incorporate

relevant examples, and create more effective learning experiences. It helps prepare students for

the financial realities of their future careers and can inform the development of new, practical

financial management courses or workshops.

Future Researchers : This study provides a rich dataset for future exploration of student

financial behavior. Compare spending patterns across different groups, locations, and time

periods to gain a deeper understanding of the factors influencing financial decisions among

young adults. Use this information to develop more effective interventions that promote
financial literacy and responsible spending, and explore the link between financial skills and

academic or career success.

Theoretical Framework

Conceptual Framework
Hypothesis

The following are the hypothesis of this research:

Ho — There is no significant effect of music in the motivation to study among Grade 11 and 12

Accountancy, Business and Management students.

Ha — There is a significant effect of music as motivation to study among Grade 11 and 12

Accountancy, Business, and Management students

Scope and Delimitation of the Study

This study focuses on the budgeting strategies of Accountancy, Business and Management

students at Granby colleges of science and technology. It examines the abm students to learn how

to budget their allowance weekly as an abm student. This topic will help to improve students at

making decisions for how they spend the money for their priorities at school.

This study is only grade 11 and 12 abm students at Granby Colleges of Science and Technology

are included in the analysis, and it focuses on how you will spend your weekly budget for

something important and your priority to buy. Additionally this topic can give awareness of abm

students because budgeting serves as a practice for them in the future.

Definition and Terms

This section provides the proper understanding of terms that are used in the research.

Allowance — This means the money that the students have.

Essential Needs — It's a needs that always present in everyday life of students
Budget Habits — It's the students action on budgeting

Financially Aware — The meaning of this is students know where their money goes.

Financially Sustainable — It meant having a long term balance of money.

 CHAPTER II

REVIEW OF RELATED LITERATURE

This chapter presents the relevant literature and studies that the researcher considered in

strengthening the importance of the study. It also presents the synthesis of the art to fully

understand the research for better comprehension of the study.

Foreign Literature

Among the various challenges first-generation college students encounter, managing the

financial burden of college while addressing monthly expenses can be especially difficult. The

current research employs the framework of person-in-environment theory to understand how the

financial attitudes, behaviors, and resources of first-generation college students impact their

financial well-being. Information from the multi-institutional Study on Collegiate Financial

Wellness is utilized to contrast first-generation students with continuing-generation students at

four-year public colleges regarding their educational funding sources, financial literacy, financial

optimism, financial stress, and financial self-efficacy. First-generation students were

considerably more inclined to utilize federal student loans, private loans, employment earnings,

scholarships/grants, and credit cards for their educational financing, while continuing-generation

students were more prone to rely on parental and family income. First-generation students, on

average, scored noticeably higher than continuing-generation students on the financial strain

assessment; however, this trend was inverted for the financial knowledge score, the financial

self-efficacy measure, and the financial optimism assessment. These findings align with previous
research indicating that first-generation students often face increased financial difficulties, which

may influence their attitudes and perceptions regarding money. ( T. Rehr, 2022)

The purpose of this research was to explore the intricate relationships between college

students' life experiences, personality traits, and subjective well-being. The first goal is to

determine how two particular life events—financial difficulties and academic stress—impact the

student body. This study also looks at the mediating roles of specific personality characteristics,

including neuroticism, agreeableness, extraversion, conscientiousness, and openness. A total of

396 college students took part in the study using a quantitative cross-sectional research

methodology. Data on subjective well-being, personality traits, financial issues, and academic

stress was gathered using a self-administered questionnaire. The relationship between these

variables was analyzed using Smart PLS. The results indicated that students' subjective

well-being was impacted by financial difficulties and academic pressure. Additionally, students

dealt with academic and financial stress in different ways because of their varying personalities.

The findings emphasize the necessity of holistic treatments that acknowledge the interrelation of

life events and their possible effect on students' subjective well-being. ( H. Yu, 2024)

Using the 2015 National Financial Capability Study dataset, we investigated the link between

financial satisfaction and student loan ownership, as well as the moderating effect of financial

education. Compared to families without a student loan, those with one reported less financial

contentment. Regardless of who the loans were taken for, we discovered that receiving both

formal and informal financial education moderates the relationship between financial satisfaction

and student loans. Our results support the need for financial education and indicate that students
loan borrowers will have higher financial satisfaction if they receive a comprehensive blend of

formal and informal education. ( K. Kim et al., 2021)

Local Literature

There are two primary reasons why Filipinos tend to quickly overlook the 50-30-20 rule.

Firstly, the cost of living in the United States differs from that in the Philippines, so the

percentages might appear quite inaccurate when considering their needs and ability to save.

Suppose you are a recent graduate earning P18,000 each month after deductions. This indicates

that P9,000 will be allocated for needs, P5,400 for wants, and P3,600 for savings. If you were to

live on your own without any other income sources, P9,000 per month on rent, food,

transportation, utilities, and other costs is insufficient. Therefore, you would need to cut back on

expenditures related to wants and savings, violating the 50-30-20 rule. The second reason a lot of

Filipinos do not recognize the necessity of the 50-30-20 rule is due to cultural differences. In the

US, it is commonly expected that individuals either leave their parents’ house by 18 or begin

paying rent to their parents. Conversely, in the Philippines, where familial bonds are greatly

cherished, young adults are not anticipated to leave home until much later in their lives—and

that’s assuming they eventually do. This cultural difference means that, from a young adult age,

Filipinos often have mixed income streams and are not entirely financially independent. When it

is time to move out, they tend to have unrealistic budget allocations or have formed poor

spending habits, making it harder for them to adhere to a 50-30-20 budget. (Metro Bank)

In two weeks, their daughter starts college at the state university. After studying abroad, She and

her husband feel she’s ready—not just for classes, but for handling her own money. That
confidence came after a year of learning through both funny and expensive lessons. College is

when many students begin managing their finances for the first time. They pay for things like

tuition, books, and meals without daily help from parents. That’s why it’s so important to prepare

them early. We started by having open talks about money—what we would pay for, how much

allowance she’d get, and why. We also helped her make a weekly budget, which is easier to

manage than a monthly one. She opened a bank account with good features like mobile banking

and low fees. We also explained how credit cards work and the risks of spending without

thinking—something we learned the hard way. Finally, we taught her to say no. In college, she’ll

meet people with different spending habits, and it’s okay not to keep up. Managing money is a

life skill. Helping our daughter now gives her the tools to succeed both in school and beyond.

(ABS-CBN NEWS, 2024)

"Spend your money wisely, my friend," Prudence and her friends are hungry, but they opt to

prepare their own noodles at home instead of eating out and spending five times the cost. In

another video, "Practice delayed gratification," Pepper is a shopaholic but realizes she must be

sensible when she sees she lacks enough money for what she really wants. "Self-control is a

crucial ability for achieving life goals," states the parent guide. "To master self-control, one must

lessen the urge for immediate gratification and practice delayed gratification. " Easier said than

done. Thus, parents are encouraged to discuss with their children questions like: Do I genuinely

need this item, or is it merely something I desire? If I obtain this item now, will I forfeit

something else later? Do I require or desire it sufficiently to spend my money on it? If the

purchase is entirely considered and planned, am I acquiring it at the most advantageous price?

Cha Ching offers children vibrant, downloadable worksheets: a personal budget planner to
distinguish between needs and wants, with related costs; a grocery list featuring estimated and

actual expenses; a pocket money tracker to evaluate target savings compared to allowance. (Q.

Chua, 2020)

Foreign Study

To tackle the financial challenges of higher education, effective budgeting is crucial for

college students in Malaysia. This research examines financial attitudes, financial literacy,

money-related attitudes, and peer influence as it investigates the elements that affect the

budgeting habits of Malaysian college students. We apply Behavioural Finance Theory to

uncover cognitive biases that sway financial decision-making. The Theory of Planned Behaviour

is also instrumental in assessing how beliefs and external standards shape budgeting behaviors

among Malaysian college students. We distributed surveys to 400 Malaysian undergraduate

students who were randomly selected to gather data for this research. Subsequently, we utilized

the Statistical Package for the Social Sciences (SPSS) version 27. 0 to conduct a Multiple Linear

Regression Analysis. The findings of the analysis revealed that subjective standards and financial

literacy significantly influence budgeting practices, while financial attitudes have minimal

impact. Consequently, we recommend that universities, governments, and religious organizations

prioritize these factors in efforts to enhance budgeting practices among college students in

Malaysia. In summary, budgeting is a vital component of the financial accountability of

Malaysian college students, and this study highlights the critical factors affecting their budgeting

behaviors, providing valuable insights for improving financial practices within this demographic.

(C. Yee et al., 2023)

 Spending habits/behaviors of college students and the management of their finances will be

examined in this paper. The possible sources of income for university/college students, how

money is utilized, and the influencing factors will be focused on. A mixed-methods approach,

which incorporates surveys and interviews from a sample population as data collection

techniques, will be highlighted in this paper. The study emphasizes the necessity for enhanced

financial education programs designed for college students to prepare them to manage their

finances in a much more effective manner. It also indicates the significance of encouraging

alternative income sources, such as freelancing and part-time jobs, which can empower students

to take greater responsibility for their spending habits. This research overall contests the

stereotype of college students as negligent money managers and highlights the potential for

instigating a positive change through financial literacy. (V. Vijay et al., 2024)

Personal finance encompasses all financial choices and actions taken by an individual or

household, including aspects such as saving, investing, and borrowing. Individuals who lack

financial literacy or proper knowledge will struggle to choose suitable investments, loans, or

savings alternatives for themselves. One of the most important aspects of people's lives is

personal finance. However, as noted by financial experts, numerous millennials are facing

difficulties in achieving financial independence and stability. The aim of this study was to assess

the most effective methods for financial education while also evaluating the financial literacy

levels and spending habits of the students. Data were gathered from 120 respondents who are

students at a public sector university in Pakistan through simple random sampling. A

comprehensive questionnaire was developed to gather information regarding the level of

financial literacy, spending patterns, and preferred sources of information for financial education.
The gathered data were analyzed utilizing Microsoft Excel and SPSS. The findings reveal that

65, 43, and 51. 67 percent of students, respectively, demonstrate insufficient knowledge

concerning financial planning, expense management, and budgeting. They claimed that they lack

skills in planning, budgeting, and managing expenses related to their available financial

resources. Several student responses indicated that the most effective way for them to learn about

financial management was through social media campaigns on Facebook, Twitter, and YouTube

(93. 33%). The majority (ranging from 80% to 85%) believe that neither educators nor

universities provide financial literacy training, which would aid them in managing finances in the

future. The analysis component of this study revealed that most students in higher education

institutions struggle to handle their personal expenses, as they lack financial literacy concerning

money management. Observations suggest that students are not even informed about the various

formal institutions' loan programs, budgeting tools, or interest rates. This study indicated that

social media applications play a vital role for both businesses and individuals regarding personal

finance. (I. Muhammad et al., 2023)

Local Study

University students must learn how to allocate their funds or create a budget to improve their

financial decision-making in the future. In order to gain insight, it is critical to be aware of the

financial habits of college students. This creates opportunities for growth in their budgeting

abilities. This research seeks to illuminate the budgeting behaviors of students majoring in

financial management in relation to their financial issues, solutions, spending habits, and saving

habits. The sample consisted of 104 students majoring in Financial Management who were in

their first, second, or third year of college. This project used a quantitative descriptive approach
as its research design. The required data was collected via an online survey questionnaire. By

employing frequency, rankings, and mode, the researchers were able to extract valuable insights

from the participants to meet the study aims. The majority of the participants were 20 years old

and enrolled in the third year of the Financial Management program at Tarlac Agricultural

University. They get a monthly allowance of Php 1,001–2,000 (18–36 USD). The results showed

that the majority of the students occasionally saved money in a wallet or piggy bank, consistently

saved money for personal interests, seldom gave their saved money to people close to them, and

consistently saved money for emergencies. Regarding the students' purchasing behaviors, they

evaluate the necessity, cost, and advantages of items before buying them, including basic

necessities for their leisure activities and miscellaneous expenditures. The findings also revealed

that students' main issues with budgeting are uncertainty in financial decisions and a lack of

understanding of the 50/30/20 budgeting guideline. Students primarily focus on becoming

informed consumers in order to solve these issues. The researchers were able to create a financial

plan for the students to enhance their budgeting habits based on the data collected from

conducting this study. (A. Lucero et al., 2024)

This research looks at the budgeting habits and expenditure patterns of college students who

live in dorms and primarily depend on parental allowances or part-time income to meet their

academic and personal demands. Based on the Financial Capability Model (FCM), this

framework examines the impact of students' financial knowledge, skills, and behaviors on their

capacity to handle financial resources successfully. The FCM framework, which is based on the

Behavioral Life Cycle Hypothesis and the Theory of Interest, aids in understanding how

financial decision-making and self-control affect students' budgeting behaviors. The results
imply that students' financial security and well-being can be enhanced by practicing budgeting

and spending habits. This study seeks to demonstrate to university administrators, parents, and

students the value of financial literacy courses in education. Such initiatives can enhance

financial behaviors and foster support networks that prepare students to handle their money more

efficiently. This is to verify that we take complete responsibility for the piece titled "Budgeting.”

(M. Dorog et. al., 2024)

This research sought to assess the spending behavior of students in Tacurong National High

School's accountancy, business, and management programs. This study employs a

descriptive-correlational quantitative research design. Eighty-five (85) ABM students in Grade

11 and 12 of Tacurong National High School served as the study's participants. The study used

convenience sampling to choose participants who would be able to provide accurate information.

With a descriptive narrative of high, spending practices attained a mean score of 3.98. This

indicates that purchasing patterns are frequently noted. The researchers enhanced students'

spending habits utilizing the gathered data through a suggested intervention program. The

suggested intervention program is a "Seminar-Workshop on Spending Habits Focusing on Debt

Attitude and Compulsive Spending.” (A. Pasco et al., 2023)

 CHAPTER III

METHODOLOGY

Research Design

This research study will be using quantitative research design. Specifically, the researchers

want to analyze the weekly budget allocation and spending priorities among Accountancy,

Business, and Management students at Granby Colleges of Science and Technology.

Research Instrument

The researchers employ survey questionnaires to collect the required data. Survey

questionnaires will be utilized because this method is easy and effective in gathering information

regarding how Grade 11 and 12 Accountancy, Business, and Management students of Granby

Colleges of Science and Technology utilize music as an incentive to study. This method is simple

to obtain clear and systematic data to enable the researchers to effectively analyze the opinions of

the students. Survey questionnaires make the process of data collection uniform and simple.

Sampling Technique

To conduct this study, a stratified technique will be employed. The researchers will first

divide the Grade 11 and 12 Accountancy, Business, and Management students at Granby

Colleges of Science and Technology into groups based on gender. A proportional number of

students will be randomly selected to participate in the study. This sampling technique ensures

that the sample represents the diversity of the population while maintaining the proportion of
male and female students. By using this technique it ensures that the data will be more accurate

and unbiased.

Data Gathering Procedures

The following is the procedure on how the researchers will be gathering the data:

Step 1 : The researcher will provide and distribute the survey questionnaire to the specific

responders which are the Grade 11 and 12 Accountancy, Business, and Management students at

Granby College of Science and Technology.

Step 2 : Before conducting a survey, the researchers will ask for permission for the participants

to lend some time to answer the survey questionnaires.

Step 3 : The researchers will explain that the information will be keep confidentials and give

instructions to the responders for better understanding.

Step 4 : After Collecting the data, the data results were then computed and interpreted with

appropriate statistical tools to acquire accurate data and ensure that the results will not be

manipulated.

Statistical Treatment

The researchers will determine the number of respondents by applying Slovin’s formula with

a 0.05 margin of error:

n = N/1 + Ne²

Where:

n = sample size

N = total population
e = margin of error

The results will be determined by using the formula of percentage.

P = (fi/n) × 100

Where:

P = percentage

fi = frequency

n = total no. of the respondents

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(H. Yu, 2024)

https://eric.ed.gov/?q=financial+problem+of+the+students+&pr=on&ft=on&id=EJ1323287 —

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