1

money to go to school especially if students have money but it is only sufficient

for buying food.

The purpose of the study is to identify the various coping strategies

utilized by the Accountancy, Business, and Management students and help other

students who are in difficult to budget their allowance.

Review of Related Literature

Foreign Studies

Widener (2017) College students are often seen irresponsible and

impulsive, which has contributed to the perception that they are poor managers

of money. The researcher conducted a literature review to gain better

understanding of how college students manage their finances. Students

frequently face financial hardships due to inadequate income, low finances,

knowledge impulsive spending habits, and substantial debts. Financial decision

made by students today can have negative impacts on their health, graduation

success, career opportunities, and retirement planning. Understanding these

relationships is the key to better preparing the next generation for financial

success.
 3

Saumaya (2020) Students Budgeting primarily refers to management of

financial expenses within their assigned budget. Several factors make the

behavior of the students dynamic and different from each other. These factors

can be technical as well as psychological and controllable. There is a vast

different in spending behavior of students, the more knowledge students have

about their financial responsibility and status, the less likely they are to be in

debt

Dwiastanti (2015) Having a good financial literacy is necessary for

every individual to manage his/her finances to achieve their main needs and

prosperity. Have a good level financial literacy that provide their parents or their

own self need to have a smart financial behavior to make the skill and confidence

in using knowledge to be able to identify financial matters.

Luhmann (2018) The impact of financial education in intertemporal

choice in adolescence. The program was randomly assigned among high school

students and intertemporal choices were measured using an incentive

experiment. These findings suggest that the affect of such education programs is

to increase comprehension and decrease bracketing in intertemporal choices.

Local Studies

Tunnaco (2020) Most of the students receive their allowance in a daily

basis. The allowances are used for their everyday consumptions and to be used

for daily needs in school. The students appear to have a peaceful thoughts of

their financial lifestyles due to meeting financial duties with much less level of

debts. For the remaining money they can buy something for their love ones and

save money for future use. The budgeting techniques that the students use is a

proportional type of budgeting as they allocated their allowances based on

percentage.

Moneva (2020) Allowance has a significant role when student by their

requirements for a particular subject. Allowance of the students may determine

their interest on studies. It is interesting to know if students have enough

allowance.

Contante (2019) The academic performance of the students is very

important to both teachers and students as this affect the effectiveness of the

teaching-learning process. However, effective allowance budgeting falls outsides

the corner of the normal teaching-learning process and is deemed significant for

the students because this will benefits them not only for sustaining their every

needs in school but also help them be more prepared in the proper handling of

finances.
 5

Sollano (2018) Every students has a responsibility in school including

the submission of their project and for doing their different performance task in

eacg subjects. When it comes to the school projects, students daily allowance

and even their socioeconomic status is involved. Daily allowance is the amount

of money that a student is entitled to on a daily basis. Shows that students who

have daily allowance in school has the advantage to have high grades or has the

advantage to excel in class.

Deloso (2019) Aims to identify how students manages their finances in

a very effective way. Budgeting allowances is one of the problems of the most

students some tend to manage their allowances and some do not. The essence

of this research is to open the minds of the students about the vital role of having

budgeting strategies in their daily financial management.

Nancy (2021) That money management is very essential for every

individual to be able to survive in the future with satisfaction. Financial literacy is

now acknowledge globally as an important element for economic and financial

stability and development. Proper financial management leads to improved

available resources and reduce financial problem during education. Financial

literacy in knowledge and understanding of financial concepts and risk,

motivation and confidence to apply such knowledge and understanding in order

to make effective decision regarding the range of financial context and also

improve the financial wellbeing of.

Objectives of the study

This study aims to determine the experience of the Accountancy,

Business and Management students on the coping strategies. Especially the

following are addressed:

1. To determine challenges and problems encountered by Accountancy,

Business and Management students in handling their daily allowance.

2. To identify the coping strategies of Accountancy, Business, and

Management students in addressing the challenges and problems

encountered.

3. To draw significant implication on the basis of research finding.

Significance of the study

This research will benefits the Parents, Teachers, and Students of

Accountancy, Business, and Management of Don Pablo Lorenzo Memorial High

School Stand-Alone Senior High School.

Students

The result of the study can help the students of Accountancy, Business,

and Management to be prepared on how would they deal their problem in

handling their daily allowance and how can they improve their coping strategies.
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Parents

The result of the study is for the parents to be aware on bow important

their moral support and financial support to their children. This study can help

also the parents to understand the struggles their children encountered.

Teachers

The result of the study can help and guide their students in overcoming

challenges from managing their daily allowance.

Scope and Delimitation

This study will focuses on the coping strategies of Daily Allowances of

Grade 11 Accountancy, Business, and Management (ABM) students. Study will

be conducted at Don Pablo Lorenzo Memorial High School Stand-Alone Senior

High School. It will be delimited to Ten Grade 11 Students. The participants will

be coded as Participant A, Participant B, Participant C, Participant D, Participant

E, Participant F, Participant G, Participant H, Participant I, Participant J.

Respectively for the school year 2022-2023. Gathering of the data will be done

through an interview using the guide questions approved by the research

teacher. Furthermore, this study is premise to the problems and challenges faced

by the Grade 11 Accountancy, Business, and Management students in their daily

Allowances.
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Operational Definition of Terms

The following Terms are defined operationally:

Accountancy, Business, and Management

This terms refers to the one strands under academic track in Stand-

Alone in Senior High School offered by DepEd.

Daily Allowance

This terms refers to the money that is given to students on a daily

basis.

Coping Strategies

This terms refers to how students manage their daily allowance.

CHAPTER II

METHODOLOGY
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Participants of the study

The participants in this study will be the Senior High School students of

Don Pablo Lorenzo Memorial High School Stand-Alone Senior High School. Ten

Grade 11 students of Accountancy, Business, and Management who are officially

enrolled this school year 2022-2023.

Method of Data Collection

For gathering data of course first, They are going to ask permission to the

participants which is 11 Accountancy, Business, and Management (ABM) student

of Don Pablo Lorenzo Memorial High School Stand-Alone Senior High if they

willing to interview about in how they handling their Daily allowance and coping

strategies. Then, the researcher ask permission to the principle if the approved to

conduct data to the participant. After they approved the researcher will conduct a

data by face to face interview. The researcher will ask a questions to the

participant about their opinion about daily allowance and coping strategies on

how they spend it to. After the interview the researcher wholeheartedly respect to

the participant and give them privacy. This are the possible question for the

participants: Do you have regular allowance, is it enough to sustain your daily

expenses in school? What do you usually do to spend less, in going school and

going back home? What challenges have you encountered in handling your daily

allowance? What did you do to address the challenges encountered? What do

you do to avoid unnecessary spending?

Data Gathering Procedure

The permission to conduct the study primarily inform the principle that the

researcher is going to conduct a study. Afterwards, a letter of consent will be

provided to seek the Accountancy, Business, and Management student of Don

Pablo Lorenzo Memorial High School Stand-Alone Senior High School, who

experienced problem in handling their daily allowance, that be personally

conducted through an interview to the participants in their most vacant time. After

it is done, the collection of data from the interview will be analyzed for the

presentation.

Just about other Phenomenology research, the researchers enunciated

questions that the participants, an open ended interview is designed around the

primarily research question use, secondary follow us question will use to

question and to make information about the participants attitude, opinion and

also their experiences regarding to the problem they encountered in handling

their daily allowance and the coping strategies they used to overcome it.

Verification and Validity

This study will be conducted at Don Pablo Lorenzo Memorial High

School Stand-Alone Senior High School students that belong to the

Accountancy, Business, and Management Strand for those have low allowances.

All the interview will be Scheduled and Conducted for the safety and
 12

convenience of the participants. The interview will be using smartphone voice

recorder, where it will recorder the conversation of the interviewer and responder

of the participants, in order to certify and validate the data. As soon as the

various interview will be conducted, analyzed and coded.

Ethical Consideration

The researcher’s will obtained an informed concept from the participants,

specifying their awareness to the purpose of the study, agreement to participate

at interview participants, agreement to record the interview proceedings.

Freedom to disclose not to disclose information, freedom to stop their

participation anytime if they feel uncomfortable, right to be inform of the results of

the research study, confidentiality of information will be observed and the

participants anonymity will be considered. After the data will be recorded, the

researcher’s will submit all of the gathered data to research adviser for proper

and secure safekeeping.

CHAPTER III

PARTICIPANTS AND THEIR STORIES

Ms. Ericka

Ms. Ericka is a 18 years old and a student of Don Pablo Lorenzo

Memorial High School Stand-Alone Senior High School taking up Accountancy,

Business, and Management (ABM) Strand according to her , she experience to

have and nothing to cause problematic and stress. she has a hard time

budgeting and managing her money since her parents only get give her twenty

pesos daily allowance and it's not enough to sustain her school expenses. The

coping strategies she do to fit in His daily allowance is that he no longer eats or

buys his recess for her to save money for fees.

Ms. Ali

Ms. Ali is a 17 year old study at Don Pablo Lorenzo Memorial High School

Stand-Alone Senior High School base on her story, she has fifty to seventy daily

allowance that her parents provide her and it is not enough for her school fees.

The thing she do to sustain her school expenses, she doesn't spend her daily

allowance to the things that are not necessary just to pay the expenses in school.

She experience to borrow money to her/his classmate for her to pay the school

expenses. Furthermore, if there no class she will keep her allowance for the next

day.
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Mr. Patrick

Mr. Patrick is a 17 years old and a student of Don Pablo Lorenzo

Memorial High School Stand-Alone Senior High School. According to him, having

low allowance it is not enough to sustain the daily needs and expenses in school

"ahmm... unsa ba?, meron naman man akong regular na allowance na hindi

naman malaki ang binibigay ng parents ko ahmm poreso dili sya kasya sa akong

mga school expenses na kailangan bayaran sa school" the action he do to

spend less he doesn't commute going back home to be able to save money for

fees and expenses in school. The strategies he do is to endure and diligence and

his being practical for his needs than to his wants by that he can save money for

his daily expenses in school.

Ms. Mochi

Ms. Mochi is a 17 years old and a student of Don Pablo Lorenzo Memorial

High School Stand-Alone Senior High School taking up Accountancy, Business,

and Management. base on her story, her daily allowances is not fit for expenses

in school and it is not enough to sustain her daily needs went it come to school

projects. she just walk going back home for her to save money and for her to pay

the fees in school "ahm so like!!.. ahmm i usually walk going back home to be

able to save money and going to school hinahatid lang ako ng papa ko" her

father pick up on her going to school to be able to thrifty the allowance that her

parents provide. One of her strategy she doesn't buy food for recess and that
 15

money she can save it for expenses in school by doing this he can fix her

problem when it to expenses and financial problem.

Ms. Olivia

Ms. Olivia is a 18 years old and a students of Don Pablo Lorenzo

Memorial High School Stand-Alone Senior High School, pursue Accountancy,

Business, and Management (ABM) Strand. According to her, she has daily

allowances and it is not enough to sustain her daily need expenses in school.

The strategies she do is she doesn’t spend her money to the things that are not

important instead of her needs. “ahmmmm…. Yun na nga may binabayaran na

mga fees at minsan nakukulangan ako and minsan kung may yun classmate ko

is may sobra sila pera hinihiram ko muna sakanila tapos ibabayad ko

pagkabukas”. She sometimes borrow money from her classmates to sustain her

expenses. This one of her strategy to address those challenges that she

encountered.

Ms. Rose

Ms. Rose is a 18 years old from Don Pablo Lorenzo Memorial High

School Stand-Alone Senior High School taking up Accountancy, Business, and

Management. According to her she has a regular allowances for one week but

it's up to her how she handle the money for the daily expenses in school " Yes

ahhh… and enough naman siya sa akin dahil binigyan naman ako ng nanay ko
 16

ng one week allowances at and tapos yun one week na allowance na yun is ako

na bahala kung paano ku istrategies yun pera na yun." it's up on her decision

how to handle the money and where to spend it. she encountered a hard time for

managing and budgeting the money when it comes to expenses in school for her

to be able to spend less she use recycle material for her projects in school.”para

saakin ano ohh example meron kami mga projects magrerecycle nalang kami

tulad ng newspaper, meron yun last naggawa kami ng project sa science tapos

need talaga namin ng nga recycled paper para maggawa ng planet sa science

namin so yun lang.” by that she can save the money for the school fees.

Mr. Denise

Mr. Denise is a 19 years old and a student of Don Pablo Lorenzo

Memorial High School Stand-Alone Senior High School. Base on his story, he

has a regular allowance that his parents provide for his daily allowance but it is

not enough for his expenses in school and difficult for him to budgeting his daily

allowance "Hindi sapat yun allowance na binibigay saakin ng parents ko, so yun

na nga mahirap din kasi paminsan may binabayaran tayo sa school”. He is

struggling to manage and budget his daily allowance because of the expenses in

school to be able to save money and budget he doesn't commute going back

home the remaining or extra money he save it for the next day and for his school

expenses.
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Ms. Heart

Ms. Heart is a 18 years old and a student of Don Pablo Lorenzo Memorial

High School Stand-Alone Senior High School taking up Accountancy, Business,

and Management. Base on her response she have a regular daily allowance that

is intended for food. Her parents pick up on her going to school and going back

home since they have a service for her to be spend lees. She is struggling by

handling low allowances regardless to school expenses and the strategies she

do for her to be able to pay the fees in school "Tipid lang huwag bilhin yung hindi

mahalaga" thrifty is the way to be able to pay the fees in school and buy the

needs than the things are not important.

Ms. Kate

Ms. Kate is a 18 years old and a student of Don Pablo Lorenzo Memorial

High School Stand-Alone Senior High School taking up Accountancy, Business,

and Management. According to her story, she has regular daily allowances range

of fifty pesos "Yes po, everyday 50 pesos ang baon ko" and it is not enough to

sustain her daily expenses in school for her to be spend less she doesn't buy

food for recess and she doesn't commute going back home for her to save

money. She is being practical regardless to her allowance and avoiding

unnecessary spending by buying the needs than the wants.

Ms. Lisa

Ms. Lisa is a 18 years old and a students of Don Pablo Lorenzo Memorial

High School Stand-Alone Senior High School taking up Accountancy, Business,

and Management. Base on her response, she has daily allowance and its not

enough for her to sustain her daily expenses in school for her to be able to save

more money, she doesn’t buy something to eat. Back and fort transportation, her

parents pick up on her going to school and going back home to spend less “Hindi

ako naga recess at yung sa pagpunta ko sa school pati pag uwi hinahatid lng ako

ng tatay ko”. She is struggling and problematic by handling her allowances

regardless to the expenses and fees in school and if there is something she

wants to buy she thinks the fees that need to pay in school expenses.
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CHAPTER IV

FINDINGS
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Themes were identified by following the established protocols of

horizontalization, clustering and convergence. Horizontalization was

accomplished by identifying and highlighting insights about the learning

experiences of the Grade 11 Accountancy, Business, and Management students

in Daily Allowances. Similar comments and insights were clustered together for

further review. From a convergence of these cluster of meaning, the following

themes were emerged:

1. Challenges faced by the students in their Daily Allowances

2. Strategies to overcome those challenges

3. Improving their Coping Strategies

Theme 1: Challenges faced by the students in their Daily Allowances

Theme 2: Strategies to overcome those challenges

CHAPTER V

CONCLUSIONS AND RECOMMENDATIONS