Ability of One Hundred Pesos to Sustain a Day's Expense

Abstract

This study was conducted during the first semester of SY 2009- 2010 to: determine the amount of daily allowance of the respondents; determine who provides the respondent's allowance; determine the respondents' daily expenditures and the corresponding expenses; assess how the respondents allocate a hundred pesos in a day's expense; and to assess whether or not a hundred pesos is enough to sustain the respondents' daily expenses.

The respondents of the study were the 69 first year BSAB students of WPU. Data were analyzed and interpreted using descriptive statistical tools: frequencies, totals, percentages, ranks and averages.

The average daily allowance of the respondents is PhP 78.17 provided mostly by their parents and spent mainly for food with an average of PhP 34.81; fare with an average of PhP 18.46; and photocopying with an average of PhP 16.06. The other expenses of the respondents include: cell phone load, project, internet; and cigarette with an average of PhP 21.02, PhP 20.00, PhP 15.00, and PhP 10.00, per day, respectively.

If given one hundred pesos per day, their priority expenses are the following: food, photocopying, cell phone load, fare, internet, project and cigarette. Almost three-fourths of the respondents perceived that one hundred pesos is more than able to sustain a day's expense.