Financial Decision Making: The Factors Influencing Budget Utilization Among Students at Noveleta Senior High School

This study examined the factors influencing budget utilization among senior high school students at Noveleta Senior High School during the Academic Year 2025–2026. It aimed to understand how students manage their allowances, identify their spending priorities, and determine how peer pressure, social media trends, and family financial habits affect their financial decision-making.

A qualitative phenomenological research design was used to explore students’ lived experiences in managing their allowances. Ten (10) Grade 11 and Grade 12 students were selected through convenience sampling. Data were collected through semi-structured interviews and analyzed using thematic analysis.

The findings showed that most students prioritize essential needs such as transportation, food, and school supplies before spending on non-essential wants. However, allowance sufficiency varies, and unexpected school expenses sometimes create financial challenges. Students attempt to manage their money through simple saving strategies such as dividing their allowance and setting aside small amounts. Peer influence, social interactions, and social media trends were also found to encourage impulsive spending, while family financial practices help shape students’ budgeting habits.

The study concludes that students are aware of responsible money management, but their financial decisions are influenced by social, digital, and family factors. Strengthening financial literacy through budgeting strategies, parental guidance, and school-based programs is recommended to promote responsible financial behavior.