Pavia National High School
SENIOR HIGH SCHOOL DEPARTMENT
Technical Vocational and Livelihood (Home Economics)
Pavia, Iloilo
STRATEGIES OF HOME ECONOMICS LEARNERS TO BUDGET THEIR ALLOWANCE
A Concept Paper
Presented to the Faculty of the Senior High School Department
Pavia National High School
Pavia, Iloilo
In Partial Fulfillment of the Requirements
for the Technical Vocational and Livelihood Track
Home Economics Strand
By
Christine Joy B. Bermejo /
Alven C. Cabaya /
CJ H. Malones x
Lizette Andrea H. Sales /
October, 2019
Pavia National High School
SENIOR HIGH SCHOOL DEPARTMENT
Technical Vocational and Livelihood (Home Economics)
Pavia, Iloilo
Background of the Study
The K to 12 program cover kindergarten and 12 years of basic education (six years of
primary education, four years of Junior High School and two years of Senior High School (SHS)
to provide sufficient time for mastery of concepts and skills, develop lifelong learners, and
prepare graduations for tertiary education. As I say, under this K to 12 Program is the Senior
High School. Senior High School (SHS) covers the last two years of the K to 12 program
(Grades 11 and 12). This two additional years will equip learners with skills that will better
prepare them for the future whether it be employment, entrepreneurship, skills development
and higher education (college).(doncarlocavinaschool.com) In SHS, there is academic track and
TVL track. One of the Strand offered under the TVL track is Home Economics. The life of Home
Economic learners is hard because you have to budget your allowance. The average allowance
of Home Economic learners is from 100 to 150, because of this learners need to budget their
allowance wisely. Budgeting is the process of creating a plan to spend your money. It allows
you to determine in advance whether you will have enough money to do the things you need to
do or would like to do. Since budgeting allows you to create a spending plan for your money, it
ensures that you will always have enough money for the things you need and the things that
are important to you. Following a budget or spending plan will also help you out of debt if you
are currently in debt (mymoneycoach.com). This study aims to determine the strategies used
by Home Economic learners of Pavia National High School in budgeting their allowance in a
week.
Pavia National High School
SENIOR HIGH SCHOOL DEPARTMENT
Technical Vocational and Livelihood (Home Economics)
Pavia, Iloilo
Statement of the Problem
This study aims to determine the strategies used by Home Economic learners of Pavia
National High School in budgeting their allowance in a week.
Specific Objectives
1. How much is the average allowance of the Home Economic learners?
2. Where do learners spend the greatest amount of their allowance?
3. Where do learners spend the least amount of their allowance?
4. What are the strategies of Home Economic learners to budget their allowance?
5. Which among the strategies is the most effective?
6. Which among the strategies is the least effective?
Methodology
Participant of the Study
The participants of the study are 30 Home Economic learners (15 female, 15 male) of
Pavia National High School who are randomly chosen.
Data Gathering Instrument
Data is obtained by using a learner’s perspective questionnaire to know the different
strategies of Home Economic learners to budget their allowance.
Pavia National High School
SENIOR HIGH SCHOOL DEPARTMENT
Technical Vocational and Livelihood (Home Economics)
Pavia, Iloilo
Data Analysis Procedure
Data collected from the questionnaire is analyzed using descriptive statistics which
includes; frequency, mean and range.
RESEARCH QUESTIONNAIRE
for the study, “Strategies of Home Economic Learners to Budget their Allowance”
I : DIRECTIONS: Fill out the personal information section below.
Name(optional):
Grade and Track:
Age: Sex:
Address:
II. DIRECTIONS: Please answer the following question on your own.
1. How much is your allowance in a week?
2. Where do you spend the greatest amount of your allowance?
3. Where do you spend the least amount of your allowance?
4. What are your strategies to budget your allowance?
5. Which among the strategies is the most effective?
6. Which among the strategies is the least effective?
Pavia National High School
SENIOR HIGH SCHOOL DEPARTMENT
Technical Vocational and Livelihood (Home Economics)
Pavia, Iloilo
Review Related Literature
This part presents related readings and concepts to the study.
Allowance Budgeting Strategies
Allowance is an amount of money given or allotted usually at regular intervals for a
specific purpose (Wikipedia).
There are many ways to budget your allowance.
First, track your incomings and outgoings.
Second outline your budget, in this, you write out your budget plan to track your
outgoings to project how much you’ll spend, to guide your outgoings and spending for the
coming weeks. In this strategy, make sure plan for saving and decide how much you’ll save.
Third, set up a savings plan. Always have a purpose for your savings.
Fourth, review and update projections, by keeping your budget plan up to date, you’re
more likely to follow it and reach your goals.
Fifth, set realistic goals. Realistic goals, on the other hand, are achievable. Each time
you reach a milestone, you’ll be motivated to continue to next.
Sixth, set new goals. As you achieve a new goal, remember to set new ones so you
always have something to move towards.
Seventh, use the 50/20/30. This easy structure has you spending 50 percent of your
incomings on necessities, saving 20 percent, and using 30 percent for your lifestyle choice.
Eight, empower yourself with the right tools. Find the best tools – whether it’s an app
linked to your banked account or an Excel’s spreadsheet – for you and your lifestyle.
Pavia National High School
SENIOR HIGH SCHOOL DEPARTMENT
Technical Vocational and Livelihood (Home Economics)
Pavia, Iloilo
And lastly, stay motivated, you’re the only person in charge of your finances, so make
sure you stay on track and motivated to follow your budget. Celebrate your wins, regularly
remind yourself of why you’re saving, and review your goals to bring to mind why it’s all worth
it (speckle.com).
With that, it can help you control over your money, it is said that with budgeting, you
control your money and not your money control you. It makes you aware what is going on with
your money, with budgeting, you are clear on what money is coming in, how fast it goes out,
and where it is going to. It keeps you focused on your money’s goal, you avoid spending
unnecessarily on items and services that do not contribute to attaining your goals. Helps you
organize your spending and saving, by dividing your money into categories of expenditures and
savings, a budget makes you aware which categories of expenditures takes which portion of
your money. That way, it is easy for you to make adjustments. It enables you to save for
expected and unexpected costs. In this budgeting, it allows you to plan to set aside money for
emergency costs. Enables you to communicate with your significant others about money, if you
share your money with your spouse, family, or anyone, a budget can communicate how you
use money as a group. This promotes teamwork on working for common financial goals and
prevents conflict on how money is used. Provides you with an early warning for potential
problems, when you budget and take a big picture view, you will see potential money problems
in advance, and be able to make adjustments before the problem appears. Helps you determine
if you can take debt and how much, budgeting shows you how much debt load you can
realistically take without being stressed or if taking the debt is worth it. And lastly, it enables
you to produce extra money, in budgeting, you get to identify and eliminate unnecessary
spending like rate fees, penalties, and interest (budgetingincome.com).
Pavia National High School
SENIOR HIGH SCHOOL DEPARTMENT
Technical Vocational and Livelihood (Home Economics)
Pavia, Iloilo
Action Research Work Plan and Timeline
To achieve this research work’s objectives, the researcher will religiously follow the
activities, timelines, and activity duration presented below.
Table 1
Schedule of Research Activities
Activity Timeline Duration
A. Planning
1. Preparation of Concept Paper September 2-6 2019 5 days
2.
2. Checking and Editing of the September 9-10, 2019 2 days
Paper
3. Proofreading and Consultation of September 11-17 5 days
the Paper
4. Finalization of Concept Paper September 18-24 5 days
B. Implementation
1. Administration of Research
November 11-22, 2019 10 days
Instrument to the Respondents
2. Interpretation of Pre-tests Results November 25-29, 2019 5 days
3. Finalization of the Results of the December 2-6, 2019 5 days
Collected Data
4. Proofreading of Interpreted December 9-13, 2019 5 days
Results
C. Dissemination
1. Preparation of Final Write-up February 4-8, 2019 5 days
2. Proofreading of Final Paper February 11, 2019 1 day
3. Finalization of Paper February 12, 2019 1 day
4. Presentation of Results in School February 13, 2019 1 day
5. Submission of Final Paper February 14, 2019 1 day
References
Retrieved from https://www.doncarlocavinaschool.com
Retrieved from https://www.mymoneycoach.ca>w
Retrieved from https://ww.speckle.com.au>blog
Retrieved from https://www.budgetingincome.com
