Authors : Milky Mariel P. Josue; Khristine Joy F. Maylem; Kurt Mic Jesster M. Sagao; Jose S. Sabaulan

Volume/Issue : Volume 11 - 2026, Issue 5 - May

Google Scholar : https://tinyurl.com/yc48a837

Scribd : https://tinyurl.com/mtwcxuen

DOI : https://doi.org/10.38124/ijisrt/26May1763

Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.

Abstract : This study examined Medical students' allowance allocation and spending practices and their relationships with selected demographic variables. A quantitative descriptive–correlational research design was employed involving 240 second-year students from the College of Nursing, Public Health, and Midwifery. Data were gathered using a structured questionnaire and analyzed using frequencies, percentages, weighted means, and the Kruskal-Wallis H test. Findings revealed that most respondents were female Nursing students aged 19–20, receiving weekly allowances below ₱1,500.00, with parents commonly engaged in skilled and professional occupations. The respondents demonstrated generally positive allowance allocation practices, particularly in prioritizing needs, monitoring expenses, and ensuring their allowance lasts throughout the week, although structured budgeting and emergency fund allocation were practiced less consistently. In terms of spending practices, students showed mindful behavior such as price consideration, discount-seeking, and postpurchase reflection, but they were also influenced by impulsive and emotion-based spending. Statistical analysis showed no significant differences in allowance allocation and spending practices when grouped according to demographic profile. However, a significant relationship was found between allowance allocation and spending practices, indicating that better financial planning is associated with more controlled spending behavior. The study concludes that while medical students exhibit generally responsible financial behaviors, improvements are needed in structured budgeting and impulse control. It recommends implementing financial literacy programs, budgeting tools, and behavioral interventions to enhance students’ financial management skills and promote long-term financial discipline.

Keywords : Allowance Allocation, Spending Practices.

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