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.
