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Saving and Spending: Allowance of High School Students in Sta. Rosa Academy

This document provides an introduction to a research paper on the saving and spending habits of high school students in Sta. Rosa Academy. It discusses how teens' attitudes toward money have changed over time, with more brand consciousness and impulse spending. Internationally, Japanese high school students are influenced by fashion trends but rank highly in saving for the future. In the Philippines, students generally save half their allowance but this often means buying wants and needs rather than long-term saving. The research aims to understand what percentage of students save money, what they can save for, and their general saving and spending habits. The results may benefit students, teachers, and future researchers. The study will focus on 99 high school students at Sta. R

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Daryl Balidoy
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28 views

Saving and Spending: Allowance of High School Students in Sta. Rosa Academy

This document provides an introduction to a research paper on the saving and spending habits of high school students in Sta. Rosa Academy. It discusses how teens' attitudes toward money have changed over time, with more brand consciousness and impulse spending. Internationally, Japanese high school students are influenced by fashion trends but rank highly in saving for the future. In the Philippines, students generally save half their allowance but this often means buying wants and needs rather than long-term saving. The research aims to understand what percentage of students save money, what they can save for, and their general saving and spending habits. The results may benefit students, teachers, and future researchers. The study will focus on 99 high school students at Sta. R

Uploaded by

Daryl Balidoy
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Saving and Spending: Allowance of High School Students in Sta.

Rosa Academy

A Research Paper Presented to the Faculty of the SENIOR HIGH SCHOOL of Sta. Rosa

Academy

San Nicolas, Ilocos Norte

In Partial Fulfillment of the Requirements for

Practical Research II: Quantitative Research

Members/(Alphabetical)

John Gabriel Agustin (?)

Neetzel Joy Butay

Mikayla Jane Domingo

Eidzeal Jay Escario(?)

Shawn Andrei Garcia(?)

Jenievyb Manzano

Giro Tenedor

Research Adviser

Sir Jonathan Tagala


Introduction

Background of the Study

The saving and spending habits of High School Students have changed over the years.

Excessive exposure to corporate marketing communications activities has made students more

brand conscious, spending a significant portion of allowance on entertainment and gadgets. Saving

has become somehow impossible, due to a huge number of needs and wants of individual

especially High School students. They are immediately tempted with objects and buy immediately

without thinking about the price, as a result, high school students find it difficult to spend more

wisely. Teens attitude toward money nowadays is different from previous generations. For

instance, Teenagers in the past saved money for future purposes, but today’s teenagers spend

money on short-term personal needs/wants and often engage in impulse consumption. Teenagers

may still be saving money, but it’s undeniable that most of them spends more than they save.

Internationally, according to Lux Research Japan, a survey found that Japanese high school

students were very familiar with luxury brands and fashions. And Japanese parents tended to be

more savvy than other countries, saying that they were more likely to get in the way of their

children. About half of the Japanese surveyed said that their parents, the lowest of the respondents,

had an attitude towards saving. They are ranked top in terms of being influenced by fashion trends

of celebrities, were most likely to ditch recently trendy styles, and had a strong desire to be rich

and want the latest or have a latest brand. On the other hand, when it comes to saving for the future,

they ranked with 88.4%.

In the Philippines, Filipino students are generally not clueless when it comes to budgeting

and saving. They tend to obey their parents and save half of their allowance. But for Filipino

students, saving only means buying wants/needs, such as gadgets, shoes, bags, clothes, etc., not an

opportunity for growth or future purpose. According to a survey there is an ample room for them

to improve their management skills. It’s just their way of thinking about money and the

environmental factors that influence their spending that keep them from saving and improving.

Statement of the Problem


Generally, this research aimed to know and confirm how high school students save and spend their

allowance.

1. What percentage of high school students save money?

2. What can teens save for high school?

3. What is the saving and spending habit of high school students?

Significance of the Study

The result of the study will benefit to the following:

Students – This research would help them to know their saving and spending habit and with that,

they could enhance and change their habits. Also, the researchers hope that in giving more

emphasis on saving and spending habits, more students will be interested to make similar studies

with such an objective as to make positive contributions in saving habits.

Teachers – They would benefit this research because they would be able to make use of the

information imparted in this research, especially on knowing how students save and spend their

daily allowance.

Future Researchers – This would help them to have an idea of they would develop in this study.

And also, this research paper can provide the information they needed for their related research.

Scope and Limitation

The general intent of this study is to know the saving and spending habits of high school

students.

The researchers will limit the study to 57 males and 42 females high school students

enrolled of the school year 2022-2023 of Sta. Rosa Academy. Each of the respondents will be

interviewed personally for the researchers get their point of views.

Only the high school students were chosen to participate in this study.

Definition of Terms
To have clear understanding of the research, the following terms were defined:

Brand Conscious- aware of popular brands and wanting to buy particular brands rather than others.

Impulse consumption- unplanned and unconscious purchase behavior of customers under the

impetus of external factors.

Ample room- enough space.

Luxury brands- a branded product or service that consumers perceive to.

Ditch- get rid of or give up.

Short-term- occurring in or relatively short period of time.

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