A Comparative Study about the Spending Habits of Senior High School and College Students during the Pandemic PDF

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PAGE i A Comparative Study about the Spending Habits of Senior High School and College Students During the Pandemic A Research Presented to the Faculty of the Basic Education Department of FEU Roosevelt Marikina City In Partial Fulfilment of the requirements for Research Writing By Kiano P. Avellana...

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PAGE i

A Comparative Study about the Spending Habits of Senior High School and College Students During the Pandemic

A Research Presented to the Faculty of the Basic Education Department of FEU Roosevelt Marikina City

In Partial Fulfilment of the requirements for Research Writing

By Kiano P. Avellana Rona A. Galapon Daphne S. Pangan Hannah V. Pascual Siekinah M. Taradel

May 2021

12 ABM

PAGE ii

APPROVAL SHEET

This research hereto entitled: A Comparative Study about the Spending Habits of Senior High School and College Students during the Pandemic

Prepared and submitted by

Avellana, Kiano, Galapon,

Rona, Pangan, Daphne, Pascual, Hannah, and Taradel, Siekinah in partial fulfilment of the requirements for Research

Writing

recommended

for

has

been

acceptance

examined and

and

approval

it

for

is ORAL

EXAMINATION. DR. FREDERICK EDWARD T. FABELLA Research Instructor

Approved by the committee on Oral Examination with a grade of PASSED on May of 2021 Mr. Jared Cruz Ms. Dena Culaba Ms. Nicka De Guzman Accepted in partial fulfilment of the requirements for Research Writing. DENA S. CULABA Principal

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ABSTRACT Name of Institution

: FEU Roosevelt, Marikina City

Title

: A Comparative Study about the Spending Habits of Senior High School and College Students during the Pandemic

Authors

: Kiano Avellana Rona Galapon Daphne Pangan Hannah Pascual Siekinah Taradel

Date of Completion

: May 2021

Summary: This descriptive comparative study focuses on

the

college

spending students

habits during

of

senior the

maturity and consumer theory.

high

pandemic

school

and

using

the

These theories helped

this study guide the researchers to find out who's the mature one is when it comes to managing their money, how

senior

high

school

and

college

students

their money, and how often they spend money.

spend

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70 respondents permitted their answers in the online survey to contribute to the goal of this study. This study aims to show the comparison between senior high school

and

college

students

in

terms

of

spending

habits and the possible significant differences. As interpreted from the answers of the respondents, the senior high school students are the one who’s likely to

spend

college

more

money

students

are

during the

the

one

pandemic,

who’s

more

and likely

the to

spend less and save money. The results revealed that there is a significant difference between the spending habits

of

senior

high

school

and

college

students

during the pandemic. The findings of this study may help students to be aware of their spending habits, and to be wise when it comes to spending their money.

PAGE v

Table of Contents

TITLE PAGE...........................................i APPROVAL SHEET......................................ii ABSTRACT...........................................iii Table of Contents....................................V Chapter I............................................1 THE PROBLEM AND ITS BACKGROUND.......................1 Introduction....................................1 Theoretical Framework...........................3 Statement of the Problem........................4 Hypothesis......................................5 Significance of the Study.......................5 Definition of Terms.............................6 CHAPTER II...........................................7 REVIEW OF RELATED LITERATURE AND STUDIES.............7 CHAPTER III.........................................28 RESEARCH DESIGN AND METHODOLOGY.....................28 Research Design................................29 Research Locale................................30 Participants of the Study......................31 Research Instruments...........................32 Data Collection................................33

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Treatment of Data..............................35 Ethical Consideration..........................38 CHAPTER IV..........................................38 PRESENTATION, ANALYSIS AND INTERPRETATION OF DATA...38 Problem No. 1: What is the profile of the subjects in terms of age, sex, and grade year level? ....................................................39 Problem No. 2: What is the level of Spending Habits of those who belong to Senior High School? ....................................................54 Problem No. 3: What is the level of Spending Habits of those who belong to College? ....................................................58 Problem No. 4: Is there a significant difference in the Spending Habits of those belonging to Senior High School and those belonging to College? ....................................................64 CHAPTER V...........................................72 SUMMARY OF FINDINGS, CONCLUSIONS AND RECOMMENDATIONS............................... 72 Summary of Findings............................72 Conclusions....................................77 Recommendations................................78

PAGE vii

REFFERENCES.........................................81

PAGE 1

CHAPTER I THE PROBLEM AND ITS BACKGROUND Introduction

Many

people

their

money;

have it

different can

be

ways

spent

of

on

how

they

important

spend

things,

essential things that we need, especially now that we are

in

a

pandemic

situation,

on

unnecessary

things

that we find cute or attractive, for collection, and many more reasons to spend it more often that may lead to people’s spending habits. Spending

habits

are

the

behavior

pattern

that

is

followed regularly that is almost involuntary. It is a habit of spending money whenever you have money and every moment you get paid. It is a habit that many people

didn’t

selves. According

realize to

Money

or

noticed

Habitudes

to

(2020),

their it

is

often contextual. You spend the same way with the same set of conditions. Because it’s a habit, it may be so natural and involuntary that you don’t even realize it. The examples of it are you always spend a lot of money right after you get paid, that might mean taking your family out to dinner every payday; You always

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give to charity at the end of the year; You have a habit of spending on souvenir T-shirts on vacation, and You always wait until the last minute to buy a plane

ticket. During

online

business

the

Covid-19

platforms

Pandemic,

many

popular

and

became

recognized by many people. As staying at home is kind of

boring

media

to

became

others, their

especially

the

entertainment

youth,

social

including

online

shopping. Many people continue their work by selling online as they became unemployed due to closing many businesses, malls, and works during the lockdown. At the same time, many people spent their time buying things

online.

Many

online

businesses

increased

as

people, especially the students can’t go outside to buy the things they need for their online classes, so they use the online platforms to buy necessary and unnecessary pandemic, people,

things it

buying

they

became things

the

want

to

buy.

spending

online

as

During

habits

much

as

the

of

many

they

have

money and as much they see things that they want/need to buy. The researchers came up with this topic to further know if there is a significant difference between the

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spending

habits

of

Senior

High

School

and

College

Students. This will contribute to future studies in the field of education related to students’ decision making

especially

the

ones

who

are

not

wise

about

spending their money.

Theoretical Framework The purpose of this study will help us understand and show the comparison between Senior High School and College students in terms of Spending Habits. How they manage their money as online business platforms became popular in this Covid-19 Pandemic situation.

According

to

Argyris’

(2016)

Maturity

Theory,

he

introduced Personality and Organization, which is one of

the

theories

that

attempt

to

understand

human

existence and behavior. According to his principle, a person's progression is tracked through a continuous transition autonomous,

from

immaturity

self-assured,

to

and

maturity.

Active,

self-controlled

are

characteristics of a mature individual. An immature person, on the other hand, is passive, dependent, lack

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motivation,

and

thinks

he

or

she

needs

to

be

controlled by others. As stated in Consumer Theory, it describes how people make decisions based on their financial resources and the

cost

individuals

of

goods

make

and

choices

services. to

spend

It

shows

their

money

how and

build a better understanding of individuals’ tastes. Consumer theory isn't perfect and it relies on a lot of conclusions regarding human nature since people are unfamiliar

with

the

goods,

certain

choices

difficult to make for them.

Statement of the Problem The

goal

comparison

of

this

between

study

is

to

Senior

High

show

the

School

and

College Students in terms of Spending Habits during the Pandemic. 1. What is the profile of the subjects in terms of: a. Age b. Sex c. Grade Level 2. What is the level of Spending Habits of

are

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those who belong to Senior High School? 3. What is the level of Spending Habits of those who belong to College? 4. Is there a significant difference in the Spending

Habits

of

those

belonging

to

Senior High School and those belonging to College? 5. What

are

the

implication

and

recommendations based on the findings of the study?

Hypothesis This study hypothesized that there is no significant difference

between

Senior

High

School

and

College

students in terms of Spending Habits.

Significance of the Study The

findings

significant habits

of

and

of

this

research

in-depth

Senior

High

during the Pandemic.

result

School

will about

and

provide

a

the

spending

College

students

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Students: This may serve as a guide to managing their spending habits during the pandemic Parents: The data from the study will help and guide parents

to

teach

the

children

to

become

wise

on

spending their money. Business owners: The result of the study will help the business owners plays a vital role in decisions about what products or services to offer and how to sell them. Society: The study may serve as data for comparison for

a

different

enhance

the

institution

critical

to

thinking,

aim

to

develop

and

decision-making,

and

maturity of a person. Future

researchers:

This

may

also

benefit

because

they get information, ideas, and guidelines for future research and study about the spending habits of Senior High School and College Students.

Definition of Terms Spending habits - The difference between the spending

money

of

Senior

High

School

and

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College Students; spending money for things that they want and how often they do it. Senior High School Students - Someone who is currently enrolled in Grade 11 or Grade 12 in a DepEd recognized school. College Students - Someone who is currently enrolled in a full academic mode in a CHED recognized higher education institution.

CHAPTER II REVIEW OF RELATED LITERATURE AND STUDIES This chapter presents the summary of literature and studies that have relevance to the present study. They are viewed by the researcher to gain deeper insights into the field of study. It was from these materials that the concept of this work was based and formed. It

also

included

the

theoretical

and

framework on which this study was anchored.

conceptual

PAGE 8

Senior High School Students

in

high

school

really

want

to

be

independent, and parents already know about it because they

have

been

through

it.

Teenagers

can

become

estranged from their parents in high school when they are entering the world and doing a lot of things on their

own,

and

instead

of

questioning,

they

always

only behave. I believe that if you are reasonable, parents will always say yes if you ask, for example, if you should stay out later than normal. Remember to reflect

on

what

is

relevant,

be

compassionate,

and

clearly express your desires and needs the next time you

are

looking

independent

and

for

win

opportunities

confidence

from

to

become

adults

in

your

life (Harrison, 2015). Additionally, Biswas (2018) conducted a study about Emotional managing emotional schools.

maturity

that

is

emotions/actions. maturity The

administered

the

of

about It

students

investigator emotional

understanding

aims in

to

look

higher

at

Scale

the

secondary

self-designed

Maturity

and

(EMS)

and to

assess students' emotional maturity. The reliability

PAGE 9

was measured and was found to be 0.72. After analyzing the

data,

it

was

discovered

students

have

matured

revealed

that

there

that

emotionally

is

no

all and

substantial

H.S. the

School

findings

variation

in

Emotional Maturity among H.S. School Level students depending on gender or location.

College Students Being a college student is fun, but there are so many

responsibilities

ahead

of

that.

Some

college

students are the first time to leave the warmth of their parents and be away from their home. This is the early age of being an adult so that they need to learn to

live

on

their

own

and

budget

their

own

money.

Determining the distinction between necessary and nonessential

objects

is

another

challenge

for

many

college students. Food, clothes, and toiletries are all essential products for daily life and grooming, as well as, arguably, for schooling. Non-essential items are items that you don't need on a daily basis, such as a new pair of shoes or an iPad. Non-essentials are things

that

are

"want

to

have"

but

are

not

"important." Restrict your expenses to just important

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goods until you've been used to working under your means, which could be tough at first (Segal, 2020). The

goal

for

college

students

is

to

gain

flexibility and understand the value of being able to set their plans. Independence d...