Notes

Saving Practices- Saving is an important activity of individual and business organization. In developing country such as Malaysia, saving plays an important role as a catalyst for economic growth and development. Saving encourages investment to trigger further growth of a country economy. Saving rate is most-widely indicator as a source of economic growth such as in a recent finding by (Dasmin & Fauzi, 2016). In a related study on savings behavior among Malaysians, (Yiing, 2016) indicated that low- and seasonal-income earners tend not to live within their means. The findings highlight the importance of saving.
https://www.researchgate.net/publication/338858599_Students'_Saving_Behaviour_Do_Demographic_Profile_Parents'_Background_and_Financial_Literacy_Matter_An_Empirical_Study_in_Private_Universities_in_Selangor

scrimp- To scrimp is to be sparing with or thrifty; to save slowly and with difficulty. Many arts and physical education programs landed on the chopping block, while schools often were forced to scrimp and improvise in bizarre ways (Pagac, 2012)
https://mswakf.afphila.com/how-scrimp-and-save

Seniors High School students in the Philippines- Senior high school (SHS) refers to Grades 11 and 12, the last two years of the K-12 program that DepEd has been implementing since 2012. Students begin to study in SHS the subjects that will introduce them to their preferred career path (Banal-Formoso, 2016)
https://newsinfo.inquirer.net/782541/primer-senior-high-rolls-out-k-12-plan-on-monday

spend- pay out (money) in buying or hiring goods or services. Pay out (money) for a particular person’s benefit or for the improvement of something. Used to show the activity in which someone is engaged or the place where they are living over a period of time. Use or give out the whole of, exhaust. An amount of money paid for a particular purpose or over a particular period of time (Maestro, 2021)
https://philnews.ph/2021/01/12/what-is-spend-definition-and-usage-of-this-term/

taxes- Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national. Tax revenues finance government activities, including public works and services such as roads and schools, or programs such as Social Security and Medicare. In economics, taxes fall on whoever pays the burden of the tax, whether this is the entity being taxed, such as a business, or the end consumers of the business’s goods. From an accounting perspective, there are various taxes to consider, including payroll taxes, federal and state income taxes, and sales taxes (Gorton, 2023)
https://www.investopedia.com/terms/t/taxes.asp

Teenager- teenagers do more "directed exploration," or exploration driven by information seeking, according to a recently published study involving UA psychologist Robert Wilson. The adolescent and college years are often regarded as periods of exploration — when teens and young adults begin to make decisions on their own for the first time. Yet, strategies for exploration may change significantly during the transition from adolescence to young adulthood, according to a recently published study in the Journal of Experimental Psychology: General (Blue, 2017)
https://news.arizona.edu/story/research-says-teens-young-adults-explore-differently