Significance of the study

Budgeting daily allowances is a precise plans. It enables the students to know the amount
of money that they need to spend. They will also known the expected income that they
will earn. Budgeting promotes the economy and efficiency because it controls the
expenses. It makes them aware of what is going on with their money
It dosen’t stop them from enjoying stuff it ensures that they enjoy the stuff. Being an
ABM student they should apply their knowledge in accounting on budgeting daily
allowances. The organization must adopt the efficient budgeting processes that will able
to provide an accurate performance to achieve our goals

Statement of the problem

The aim of this research is for us to know how would the students budget their
allowances. To understand more what really budgeting is for the students of ABM
because of today’s expenses are getting more higher each year, it’s tough for the students
who are in budget.
1. How do they budget as a student?
2. why budget? While you can spend it?
3. How would they achieve their budget?
For the research is to know what really is budgeting for the ABM students of systems plu
college foundation
Key words: ABM Students , Budgeting , Allowances, Expenses

Review of Related Literature (RRL)

Daniel and Tiina (2013) Our experience in an interdisciplinary seminar on education
politics and policy suggests that a budget simulation exercise is an effective tool to
achieve multiple objectives, including increased student engagement and strengthening
student-learning outcomes (Wakelee, Itkonen ; 2019)

According to Andrew McGettingan (2013) Money goes out of the door today, even if it is
not classified as regular spending. ( Accounting and Budgeting of Student Loans, 2013)
According to Rita and Tom (2018) Four arenas of interest are described: planning,
budgeting, and managing “the student loan”; disruptions to financial planning; the role of
familial support; and strategies of augmenting the budget. ( Hordosy, clark ; 2019)

Shahryar and Tan (2013) Among the student, there are a lot of brand awareness that
causes student expenses on clothes and accessories too unprecedented height.
(Sorooshian, Seng Teck; 2019)

Shahryar and Tan (2013) The technique of students expenses show a parabolic trend. In
the high schools, students spend more on entertainment compared to their parents during
their academic year.( Sorooshian, Seng Teck; 2019)

Shahryar and Tan (2013) Willful expenses are directly related to the student’s resources.
Being prudent in one’s spending will lead to improved available resources to compete
requirements for a degree or reduced students loans and related financial problems during
education. (Sorooshian, Seng Teck; 2013)

Shahyar and Tan (2013) The observation is on the student decision to spend based on the
range of their expenses monthly was conducted. This will strongly related to the student
spending behavior with weather they have plans before spending on
anything.(Sorooshian, Seng Teck; 2013)

Kamali and Chen (2014) The factors we find to directly affect internal communication
are geographical distance, interpersonal relationship ( Mikael, Xiaohang;2014)

Meintjies (2014) should contribute greatly to how unique the budgeting process has
become in the modern economy. Unlike previous studies that only focussed on
abandoning budgets completely or on alternative methods (Adele, 2013)
Hudson (2012) Abandoning the traditional budget, a cornerstone to moving to the
concept as a whole, has turned out to be one of the biggest hurdles to its wider
dissemination (Field,2012)