##plugins.themes.academic_pro.article.sidebar##
Published
Aug 23, 2024
Download
Statistic
Read Counter : 243
Download : 72
Downloads
Download data is not yet available.
Main Article Content
Abstract
The current economic conditions and financial issues are becoming increasingly important as students face more complex challenges in managing their money. Nowadays, students need to be more aware of these challenges, which may pose a threat to their future success. Thus, the conduct of this study would be beneficial in order to bring light to the restraining results found from other literature and contribute to the body of knowledge aligned with this study. This study aims to understand the correlation between the family income and its effects towards the student budgeting, and whether sex, as a moderating variable, is related to the independent and dependent variables. The study employed descriptive-correlation design and random sampling method, particularly Slovin’s formula, to identify the total sample from the population of accounting students in the University. The statistical treatments used were descriptive statistics and inferential statistics to test the relationships of the variables particularly the relationship of family income towards budgeting and allowance and the relationship of allowance towards budgeting. Meanwhile, Mann Whitney U-test was used to test the differences of the participants when grouped in terms of sex. The results of the study depict that there is no significant difference in the budgeting of participants when they are grouped in terms of sex and there is an indirect relationship between family income and budgeting. Based on the results, researchers may recommend conducting a community extension initiative aimed at developing financial literacy among students.
Article Details
This work is licensed under a Creative Commons Attribution 4.0 International License.
How to Cite
Jumawan-Powao, A. R., Tubat, K. T., Cellero, R. C. L., Alibangbang, A. D. C., & Capilitan, M. K. T. (2024). Family Income in Relation to Budgeting of Accounting Students in A University. International Journal of Multidisciplinary: Applied Business and Education Research, 5(8), 2973-2984. https://doi.org/10.11594/ijmaber.05.08.03
References
Amanda, K. S., & Anwar, M. (Year). The influ-ence of lifestyle and financial planning on household financial behavior in Kenjeran District, Surabaya City. Journal Name, Volume (Issue), Pages. DOI
Antoni, X., Rootman, C., & Struwig, F. (2019). The influence of parental financial social-ization techniques on student financial behavior. International Journal of Eco-nomics and Finance Studies, 11, 1309-8055. https://doi.org/10.34109/ijefs.201911205.
Berg, L. (2015). Consumer vulnerability: Are elderly people more vulnerable as con-sumers than others? International Journal of Consumer Studies, 39, 284-293.
Boral, J. M., Chaves, C., Fong, F. K., Macenas, A. C., & Pardillo, L. (2020). The budgeting skills and academic performance of sen-ior high school students in College of Saint Catherine, Quezon City, S.Y. 2019-2020.
Brusdal, R., & Berg, L. (2010). Are parents’ gender neutral when financing their chil-dren's consumption? International Jour-nal of Consumer Studies, 33, 3-10.
Caldwell, M. (2019, March). Reasons why you should budget your money. The Balance. Retrieved from https://www.thebalancemoney.com/reasons-to-budget-money-2385699.
Chan, S. F., Chau, A. W., & Chan, K. Y. K. (2012). Financial knowledge and aptitudes: Im-pacts on college students' financial well-being. College Student Journal, 46(1), 114-132.
Chen, Q., Kong, Y., Gao, W., & Mo, L. (2018). Effects of socioeconomic status, parent–child relationship, and learning motiva-tion on reading ability. Frontiers in Psy-chology, 9, Article 1297. https://doi.org/10.3389/fpsyg.2018.01297.
Cleverism. (2019). Planning skills and tools. Retrieved from https://cleverism.com/skills-and-tools/planning/
Collins, J. M., & Odders-White, E. (2021). Al-lowances: Incidence in the US and rela-tionship to financial capability in young adulthood. Journal of Family and Eco-nomic Issues.
Dalmaijer, E. S., Gibbons, S. G., Bignardi, G., et al. (2023). Direct and indirect links be-tween children’s socio-economic status and education: Pathways via mental health, attitude, and cognition. Current Psychology, 42, 9637-9651. https://doi.org/10.1007/s12144-021-02232-2.
De, K., & Chattopadhyay, P. (2020). Influence of gender and financial independence on consumer spending habits in Kolkata: An empirical assessment.
Dwivedi, M., Purohit, H., Choudhary, N., & Me-hta, D. (2015). Retirement planning for women and solutions for common prob-lems. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2666971.
Dwivedi, M., Purohit, H., Mehta, D., & Gurjar, S. (2015). Empowering rural households through financial literacy: Case study of spectacular initiatives by Pradan. Asian Journal of Multidisciplinary Studies, 3(11). Available at SSRN: https://ssrn.com/abstract=2691457.
Eckel, C. C., & Grossman, P. J. (2008). Differ-ences in the economic decisions of men and women: Experimental evidence. In C. R. Plott & V. L. Smith (Eds.), Handbook of experimental economics results (Vol. 1, pp. 509-519). Elsevier.
Family Income | Philippine Statistics Authority. (n.d.). Retrieved from https://psa.gov.ph/content/family-income.
Felipe, J., & Mehta, A. (2007). Deindustrializa-tion? A global perspective. Economics Letters, 149, 148-151.
Goyal, K., Kumar, S., & Xiao, J. J. (2021). Ante-cedents and consequences of personal fi-nancial management behavior: A system-atic literature review and future research agenda. International Journal of Bank Marketing. Advance online publication. https://doi.org/10.1108/IJBM-12-2020-0612.
Gürler, Ö. K., & Demiroglari, S. (2020). Deter-minants of household education expendi-tures by education level: The case of Tur-key. International Journal of Contempo-rary Economics and Administrative Sci-ences, 10(1), 235-258.
Ismail, R., & Khalid, K. (Year). Examining un-dergraduates’ spending behavior: The case of Sultan Idris Education University. Journal Name, Volume (Issue), Pages.
Jordan, M. M., Yusuf, J.-E. W., & Hooshmand, S. (2017). Budgeting by priorities: Balancing stability with economic responsiveness. Public Finance and Management, 17(1), 71-91.
Kamis, J. A. M. I. L. A. H., Samad, N. A., Pheng, L. S., Rasli, S. A. L. I. N. A., Hajali, S. H. M., & Peing, S. E. F. (2021). Money attitude and socio-demographic factors as deter-minants of university students’ spending behavior in Shah Alam, Malaysia. Jurnal Ilmiah Akuntansi Universitas Pamulang, 9(1), 65-77.
Khalid, K., & Ismail, R. (2019). Spending pro-files of Sultan Idris Education University undergraduates: A CHAID-based segmen-tation. International Business Education Journal, 12, 39-52.
Kim, D., & Jang, S. S. (2014). Motivational driv-ers for status consumption: A study of Generation Y consumers. International Journal of Hospitality Management, 38, 39-47.
Kwatiah, K., & Asiamah, M. (2017). Working capital management and profitability of listed manufacturing firms. International Journal of Productivity and Performance Management, 70(7), 1751-1771.
Labito, A. M. (2017). Can allowance, personal budgeting, and self-control as mediating role manage compulsive buying behavior among college students? International Journal of Social Sciences & Educational Studies, 4(3), 1.
Nano, D., Llukani, T., & Polo, A. (2015). The impact of family income on students’ fi-nancial attitude. European Journal of Economics and Business Studies, 3(1), 83-88. https://doi.org/10.26417/ejes.v3i1.p83-88.
Naoi, M., Akabayashi, H., Nakamura, R., Noza-ki, K., & Sano, W. S. (2017). Causal effects of family income on child outcomes and educational spending: Evidence from a child allowance policy reform in Japan. Keio Discussion Paper Series.
Ninan, M., & Kurian, A. (2021). A study on the impact of financial literacy on the finan-cial behavior of college students. Interna-tional Journal of Innovative Research in Engineering & Multidisciplinary Physical Sciences, 9(4), 17-22.
Obagbuwa, O., & Kwenda, F. (2020). Determi-nants of students’ spending habits: A case study of students at a premier university of African scholarship. African Journal of Business & Economic Research, 15(4).
Tang, N., Baker, A., & Peter, P. C. (2015). Inves-tigating the disconnect between financial knowledge and behavior: The role of pa-rental influence and psychological char-acteristics in responsible financial behav-iors among young adults. Journal of Con-sumer Affairs, 49(2), 376-406.
Trehan, B., & Walsh, C. E. (1988). Common trends, the government’s budget con-straint, and revenue smoothing. Journal of Economic Dynamics and Control, 12(2-3), 425-444.
Upsi, R., & Khalid, K. (2014). Examining un-dergraduates’ spending behavior: The case of Sultan Idris Education University. Journal Name, Volume (Issue), Pages.
Van Deventer, M., & De Klerk, N. (2016). Afri-can Generation Y students perceived per-sonal financial management skills. Inter-national Journal of Business and Man-agement Studies, 8(2), 1-14.
Van Deventer, M., & De Klerk, N. (2017). Fi-nancial literacy amongst African Genera-tion Y students: An empirical analysis of selected demographic factors. Interna-tional Journal of Economics and Finance Studies, 9(1), 235-251.
Van Someren, E. J. (2022). Insomnia disorder: State of the science and challenges for the future. Journal of Sleep Research, 31(4), e13604.
Velaudham, C., & Baskar, P. (2015). Influence of gender in consumer buying behavior towards air conditioner in Chennai City. Annamalai Journal of Management, 3-9.
Wan, D., Xue, R., Linnenluecke, M., Tian, J., & Shan, Y. (2021). The impact of investor attention during CoViD-19 on investment in clean energy versus fossil fuel firms. Finance Research Letters, 43, 101955.
Ye, L., Bose, M., & Pelton, L. E. (2019). How gender identity affects consumer behav-ior: Overview and future research: An ab-stract. In D. Rossi (Ed.), Finding new ways to engage and satisfy global customers: Proceedings of the 2018 Academy of Mar-keting Science (AMS) World Marketing Congress (WMC) (pp. 417-418). Springer International Publishing.
Antoni, X., Rootman, C., & Struwig, F. (2019). The influence of parental financial social-ization techniques on student financial behavior. International Journal of Eco-nomics and Finance Studies, 11, 1309-8055. https://doi.org/10.34109/ijefs.201911205.
Berg, L. (2015). Consumer vulnerability: Are elderly people more vulnerable as con-sumers than others? International Journal of Consumer Studies, 39, 284-293.
Boral, J. M., Chaves, C., Fong, F. K., Macenas, A. C., & Pardillo, L. (2020). The budgeting skills and academic performance of sen-ior high school students in College of Saint Catherine, Quezon City, S.Y. 2019-2020.
Brusdal, R., & Berg, L. (2010). Are parents’ gender neutral when financing their chil-dren's consumption? International Jour-nal of Consumer Studies, 33, 3-10.
Caldwell, M. (2019, March). Reasons why you should budget your money. The Balance. Retrieved from https://www.thebalancemoney.com/reasons-to-budget-money-2385699.
Chan, S. F., Chau, A. W., & Chan, K. Y. K. (2012). Financial knowledge and aptitudes: Im-pacts on college students' financial well-being. College Student Journal, 46(1), 114-132.
Chen, Q., Kong, Y., Gao, W., & Mo, L. (2018). Effects of socioeconomic status, parent–child relationship, and learning motiva-tion on reading ability. Frontiers in Psy-chology, 9, Article 1297. https://doi.org/10.3389/fpsyg.2018.01297.
Cleverism. (2019). Planning skills and tools. Retrieved from https://cleverism.com/skills-and-tools/planning/
Collins, J. M., & Odders-White, E. (2021). Al-lowances: Incidence in the US and rela-tionship to financial capability in young adulthood. Journal of Family and Eco-nomic Issues.
Dalmaijer, E. S., Gibbons, S. G., Bignardi, G., et al. (2023). Direct and indirect links be-tween children’s socio-economic status and education: Pathways via mental health, attitude, and cognition. Current Psychology, 42, 9637-9651. https://doi.org/10.1007/s12144-021-02232-2.
De, K., & Chattopadhyay, P. (2020). Influence of gender and financial independence on consumer spending habits in Kolkata: An empirical assessment.
Dwivedi, M., Purohit, H., Choudhary, N., & Me-hta, D. (2015). Retirement planning for women and solutions for common prob-lems. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2666971.
Dwivedi, M., Purohit, H., Mehta, D., & Gurjar, S. (2015). Empowering rural households through financial literacy: Case study of spectacular initiatives by Pradan. Asian Journal of Multidisciplinary Studies, 3(11). Available at SSRN: https://ssrn.com/abstract=2691457.
Eckel, C. C., & Grossman, P. J. (2008). Differ-ences in the economic decisions of men and women: Experimental evidence. In C. R. Plott & V. L. Smith (Eds.), Handbook of experimental economics results (Vol. 1, pp. 509-519). Elsevier.
Family Income | Philippine Statistics Authority. (n.d.). Retrieved from https://psa.gov.ph/content/family-income.
Felipe, J., & Mehta, A. (2007). Deindustrializa-tion? A global perspective. Economics Letters, 149, 148-151.
Goyal, K., Kumar, S., & Xiao, J. J. (2021). Ante-cedents and consequences of personal fi-nancial management behavior: A system-atic literature review and future research agenda. International Journal of Bank Marketing. Advance online publication. https://doi.org/10.1108/IJBM-12-2020-0612.
Gürler, Ö. K., & Demiroglari, S. (2020). Deter-minants of household education expendi-tures by education level: The case of Tur-key. International Journal of Contempo-rary Economics and Administrative Sci-ences, 10(1), 235-258.
Ismail, R., & Khalid, K. (Year). Examining un-dergraduates’ spending behavior: The case of Sultan Idris Education University. Journal Name, Volume (Issue), Pages.
Jordan, M. M., Yusuf, J.-E. W., & Hooshmand, S. (2017). Budgeting by priorities: Balancing stability with economic responsiveness. Public Finance and Management, 17(1), 71-91.
Kamis, J. A. M. I. L. A. H., Samad, N. A., Pheng, L. S., Rasli, S. A. L. I. N. A., Hajali, S. H. M., & Peing, S. E. F. (2021). Money attitude and socio-demographic factors as deter-minants of university students’ spending behavior in Shah Alam, Malaysia. Jurnal Ilmiah Akuntansi Universitas Pamulang, 9(1), 65-77.
Khalid, K., & Ismail, R. (2019). Spending pro-files of Sultan Idris Education University undergraduates: A CHAID-based segmen-tation. International Business Education Journal, 12, 39-52.
Kim, D., & Jang, S. S. (2014). Motivational driv-ers for status consumption: A study of Generation Y consumers. International Journal of Hospitality Management, 38, 39-47.
Kwatiah, K., & Asiamah, M. (2017). Working capital management and profitability of listed manufacturing firms. International Journal of Productivity and Performance Management, 70(7), 1751-1771.
Labito, A. M. (2017). Can allowance, personal budgeting, and self-control as mediating role manage compulsive buying behavior among college students? International Journal of Social Sciences & Educational Studies, 4(3), 1.
Nano, D., Llukani, T., & Polo, A. (2015). The impact of family income on students’ fi-nancial attitude. European Journal of Economics and Business Studies, 3(1), 83-88. https://doi.org/10.26417/ejes.v3i1.p83-88.
Naoi, M., Akabayashi, H., Nakamura, R., Noza-ki, K., & Sano, W. S. (2017). Causal effects of family income on child outcomes and educational spending: Evidence from a child allowance policy reform in Japan. Keio Discussion Paper Series.
Ninan, M., & Kurian, A. (2021). A study on the impact of financial literacy on the finan-cial behavior of college students. Interna-tional Journal of Innovative Research in Engineering & Multidisciplinary Physical Sciences, 9(4), 17-22.
Obagbuwa, O., & Kwenda, F. (2020). Determi-nants of students’ spending habits: A case study of students at a premier university of African scholarship. African Journal of Business & Economic Research, 15(4).
Tang, N., Baker, A., & Peter, P. C. (2015). Inves-tigating the disconnect between financial knowledge and behavior: The role of pa-rental influence and psychological char-acteristics in responsible financial behav-iors among young adults. Journal of Con-sumer Affairs, 49(2), 376-406.
Trehan, B., & Walsh, C. E. (1988). Common trends, the government’s budget con-straint, and revenue smoothing. Journal of Economic Dynamics and Control, 12(2-3), 425-444.
Upsi, R., & Khalid, K. (2014). Examining un-dergraduates’ spending behavior: The case of Sultan Idris Education University. Journal Name, Volume (Issue), Pages.
Van Deventer, M., & De Klerk, N. (2016). Afri-can Generation Y students perceived per-sonal financial management skills. Inter-national Journal of Business and Man-agement Studies, 8(2), 1-14.
Van Deventer, M., & De Klerk, N. (2017). Fi-nancial literacy amongst African Genera-tion Y students: An empirical analysis of selected demographic factors. Interna-tional Journal of Economics and Finance Studies, 9(1), 235-251.
Van Someren, E. J. (2022). Insomnia disorder: State of the science and challenges for the future. Journal of Sleep Research, 31(4), e13604.
Velaudham, C., & Baskar, P. (2015). Influence of gender in consumer buying behavior towards air conditioner in Chennai City. Annamalai Journal of Management, 3-9.
Wan, D., Xue, R., Linnenluecke, M., Tian, J., & Shan, Y. (2021). The impact of investor attention during CoViD-19 on investment in clean energy versus fossil fuel firms. Finance Research Letters, 43, 101955.
Ye, L., Bose, M., & Pelton, L. E. (2019). How gender identity affects consumer behav-ior: Overview and future research: An ab-stract. In D. Rossi (Ed.), Finding new ways to engage and satisfy global customers: Proceedings of the 2018 Academy of Mar-keting Science (AMS) World Marketing Congress (WMC) (pp. 417-418). Springer International Publishing.