SPEND ANALYSIS AND BUDGET STABILITY OF EMPLOYED SOLO PARENTS IN SAN PABLO CITY, LAGUNA
Journal: Malaysian E Commerce Journal (MECJ)
Author: Elaine Joy C. Apat
This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited
In the Philippines, one of pressing concerns of the government is providing sustainable programs for Filipino families especially those poor families. To raise a family alone is very hard financially, emotionally and psychologically. As the head of the household, it is up to you to make sure that your entire family’s needs are being met. In order to do that, you need to be extremely diligent when it comes to money management basics. Extending your budget out into the future also allows you to forecast how much money you will be able to save for important things like your vacation, a new vehicle, your first home or home renovations, an emergency savings account or your retirement. This paper aimed to study the significant relationship of spend analysis tool (visibility, analysis and process) and budget stability in terms of needs and wants of employed Solo Parents in San Pablo City. By means of purposive sampling technique out of 100 questionnaires distributed, only 65 were retrieved. Pearson -r was used to test the relationship of the pr ofile of the respondents and spend analysis to the budget stability of the Solo Parents. Findings revealed that there is a significant relationship between their monthly income and spend analysis to their budget stability with p-value of .035 and. 012 respectively.