Phipps After-School Program

On this page you will view several charts and graphs that show how each gender spent their $100.00 allowance of the month.

First you will see the way the boys spent their money; you will see a chart followed by a graph.

BOYS
	AGE	SAVINGS	CLOTHES	SCHOOL SUPPLIES	ACCESSORIES	FUN TIME	MISC.
Jose	11	$100.00	0	0	0	0	0
Jamal	11	$50.00	0	$5.00	$10.00	$25.00	$10.00
Kyle	12	$90.00	0	$10.00	0	0	0
Matthew	12	$80.00	0	0	$10.00	$10.00	0
Jonathan	12	$50.00	$25.00	$10.00	0	$15.00	0
Shawn	12	$40.00	0	0	$20.00	$20.00	$20.00
Gerardo	13	$75.00	0	$10.00	0	$15.00	0
William	13	$60.00	0	$10.00	$15.00	0	$15.00
Jeremy	13	$85.00	0	$15.00	0	0	0
Mario	14	$60.00	0	0	$20.00	$20.00	0

Mario: I try to save most of my money until I get a lot, so I can than buy more stuff, but sometime it's hard because I want a lot of things. My dad sometimes helps me but he tells me, "What do I give you an allowance for if you are not going to use?" So he makes me use my money.

Jeremy: My mom helps me a lot. She tells me that she will get the clothes and sneakers. She tells me to use my allowance for my other fun things. So when I get my allowance I buy some school supplies and try to save the rest. Sometimes I use my money to buy things for my family members on special occasions. Like flowers for my mom on Mother's Day or for her birthday. A birthday present for my sister. If I do not have to buy anything I just tell my mom to save it for me until I need it for something.

Kyle: I save most of my money because I do not like to spend my money. My mother buys my clothes and other things so I get to keep my own money. I know that some day it will come to an end and all the good times will stop.

Gerardo: I like to have fun. I like to go out with my friends to the movies, to the arcades and buy music CDs, so my mom give me the money for all my fun things and she saves the money that I do not spend. I always save more in the winter season because we do not go out as much as we do in the summer. As soon as the summer gets here I can have a lot of fun, even to go to amusement parks.

Secondly you will see the way the girls spent their money; you will see a chart followed by a graph.

GIRLS
	AGE	SAVINGS	CLOTHES	SCHOOL SUPPLIES	ACCESSORIES	FUN TIME	MISC.
Jazmin	11	$50.00	0	0	$10.00	0	$40.00
Miladys	11	$40.00	0	$10.00	0	$30.00	$20.00
Tiasia	11	$40.00	$10.00	0	$20.00	0	$30.00
Kimberly	12	$20.00	0	0	$28.00	$20.00	$32.00
Stephanie S.	12	$20.00	0	0	$30.00	0	$50.00
Stephanie R.	12	$40.00	$40.00	0	0	0	$20.00
Tempestt	12	$34.00	$26.00	$15.00	0	0	$25.00
Daynisha	13	$25.00	$30.00	0	0	$20.00	$25.00
Shanell	13	0	$100.00	0	0	0	0
Tanisha	14	$50.00	0	0	0	0	$50.00

Stephanie S.: When my parents give me my allowance I try not spend it all but you know us girls have to have our hair done and our nails done and that means that I have to use my allowance. What ever is left I give back to my mom to save for me.

Shanell: I like good clothes so as soon as I get my allowance I go straight to the stores and shop until I am broke. The only bad thing about that is that I will be broke until next month, but it is all good because I have enough clothes until the end of the month to show off.

Tanisha: I always try to save at least half and use the other half for my nails and hair. If I need anything else, I still have some saved away until next month.

Daynisha: I try to split my allowance to cover the whole month. I do my nails one month and then I do my hair the next, this way I still have some money left over for other things as well as saving.

Both genders started with the right idea of saving money, however they need to learn to save in larger amounts. When the charts were developed the group realized that they needed to learn to spend their money more wisely.

According to the chart the girls saved some money but spent the majority of the money on themselves. For instance, fixing their hair, going to do their nails and purchasing clothes.

The boys also saved some money but when it came to spending, they bought school supplies, some music CDs and spend some on having fun. The boys demonstrated saving in much larger amounts of money than the girls. So, does this mean that boys are better at managing the money than girls manage? No, I do not think so, it just means that our young adults have yet to learn the full meaning of "the value of money."

We, here at the Phipps After-School Program, end with a famous financial phrase, "It's not what you make; it's what you keep."

This project educated the students more on money matters and as Malcom S. Forbes states: "Education's purpose is to replace an empty mind with an open one."