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The purpose of this study was to provide data analysis regarding the effect of allowance frequency on Junior Tourism Management students of National University-Baliwag and their savings allocation. Subsequently, this study was done to understand how the students often rely on allowances for their saving portion, spending behavior, and financial goals. This study used the descriptive correlational method. A combination of a researcher-made and standardized questionnaire by Thung, et al. (2012) was used as an instrument for data collection. The study’s findings revealed that the students who receive their allowances more frequently, particularly daily, tend to have a higher perception of their financial well-being. Even though they grasp the significance of saving, only a small fraction of the allowance is allocated toward savings. Therefore, the researchers conclude that allowance frequency is not a significant factor in savings allocation. This emphasizes the need for practical financial education to bridge the gap between knowledge and saving behavior.
Banquerigo et al. (Sat,) studied this question.