| As college students transition into adulthood, their ability to understand and handle
money is essential to the development of their budgeting discipline, which in turn affects their
spending patterns and general financial well-being. College students often struggle with
controlling their spending which can undermine overall financial discipline. In alignment with
Sustainable Development Goal 8 (Decent Work and Economic Growth), this research analyzes
the spending patterns and budget discipline of University of Batangas college students. The
data gathered will be used to guide the development of "Budge-It,
" a novel budgeting application. The application is designed to offer AI-driven financial tools that assist students in
tracking expenses, setting financial goals, and maintaining budgeting discipline. The descriptive
correlational design was employed, utilizing a stratified random sampling method to select 180
students from nine college departments at the University of Batangas. Data were collected
through a structured questionnaire, and statistical analyses were conducted using frequency
distribution, percentage, ranking, weighted mean, composite mean, and Pearson correlation
coefficient to examine spending habits, budget discipline, and saving techniques. Findings
revealed that college students demonstrated varying levels of financial discipline, with female
respondents exhibiting stronger budgeting discipline, particularly in educational consumption.
While students demonstrated mindful spending habits, challenges in controlling impulsive
purchases and adopting cost-saving practices persisted. The departments of Business,
Accountancy, and Hospitality Management, Education, and Engineering students displayed
better financial management skills, while ICT and Criminal Justice students showed weaker
financial discipline. Thus, the proposed Budge-It app offers features like calendar tracker,
expense and income tracker, and budget reminders to help students track expenses, prioritize
needs, and enhance saving strategies. Implementing the mobile budgeting application aims to
support financial literacy efforts, promoting improved budgeting discipline and long-term
financial stability. |
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