Table 1

Common Budgeting strategies and Budgeting Awareness of the Grade 11 and Garde 12 Accountancy
Business, and Management Students
Grade 11 Grade 12
Yes No Differenc Rank Yes No Differenc Rank
e e
A. Budgeting Strategies
2. Do you budget before spending your 150 34 116 5 166 68 98 6.5
money?
3. Do you set aside money regularly in case of 139 45 94 7 166 68 98 6.5
emergencies in the future?
4. Do you make a written budgeting plan? 42 142 -100 10 45 189 -144 8
5. Do you record all your expenses? 47 137 -90 9 41 193 -152 9
6. Do you keep all your receipts? 82 102 -20 8 91 143 -52 7
10. When budgeting, do you over-estimate
purchases to ensure you have enough 155 29 126 4 173 61 112 5
money?
Budgeting awareness
1. Do you think of saving? 175 9 166 1 216 18 198 2
7. As a student, do you have difficulties in
158 26 132 3 189 45 144 3
managing your finances?
8. Does budgeting serve as a practice to you
174 10 164 2 218 16 202 1
for the future?
9. Does budgeting help you get through the
144 40 104 6 188 46 142 4
week without being financially stressed?
Table 2.
Comparison of the Budgeting Strategies and Money Expenditures of the Grade 11 and Grade 12 Accountancy
Business and Management Students
Grade 11 Grade 12
Yes No Difference Rank Yes No Difference Rank
A. Budgeting Strategies
1. Do you think of saving? 175 9 166 1 216 18 198 2
2. Do you budget before spending your money? 150 34 116 5 166 68 98 6.5
3. Do you set aside money regularly in case of
139 45 94 7 166 68 98 6.5
emergencies in the future?
4. Do you make a written budgeting plan? 42 142 -100 10 45 189 -144 8
5. Do you record all your expenses? 47 137 -90 9 41 193 -152 9
6. Do you keep all your receipts? 82 102 -20 8 91 143 -52 7
7. As a student, do you have difficulties in managing
158 26 132 3 189 45 144 3
your finances?
8. Does budgeting serve as a practice to you for the
174 10 164 2 218 16 202 1
future?
9. Does budgeting help you get through the week
144 40 104 6 188 46 142 4
without being financially stressed?
10. When budgeting, do you over-estimate
155 29 126 4 173 61 112 5
purchases to ensure you have enough money?
B. Money Expenditures
1. Do you spend all of your allowance? 49 135 -34 6 91 143 -52 6
2. Do you spend on things that are on trend? 34 150 -116 10 80 154 -74 7
3. Do you spend your money more on your wants
81 103 -22 5 93 141 -48 5
than your needs?
4. Have your spending habits lead you into debt? 50 134 -84 9 73 161 -88 8
5. Do you compare prices before buying something? 166 18 148 1 211 23 188 1
6. Do you think thoroughly before buying
163 21 142 3 189 45 144 3
something?
7. Do you look carefully to find the best value for
164 20 144 2 202 32 170 2
1your money?
8. Does it matter for you having all your things
51 133 -82 8 56 178 -122 10
branded?
9. Do you prefer higher end personal items that are
52 132 -80 7 67 167 -100 9
more expensive than the regular ones?
10. Do you prefer buying bestselling brands or
82 102 -20 4 119 115 4 4
products?