|
|
| |
| Financial Knowledge of Non-Working Housewives: A Basis for Financial Resiliency of the Brgy. Mangalit Residents in Mabalacat City
Download PDF
|
Ricardo S. Jimenez,DBA, Josephine Evangelista, PhD, Rochelle S. Baltazar, Chriz Louwhen Layne G. Ocampo, Pearl Irish A. Sampang, Nermalyn V. Bondoc, Shairah L. Jammang
|
Abstract:
Life is unpredictable, and emergencies can occur at any time. Financial literacy encourages individuals, particularly non-working housewives, to establish emergency funds, which serve as a financial safety net during unexpected events. It also helps non-working housewives gain a sense of control over their finances, allowing them to budget efficiently, save consistently, and plan for the future with confidence. The study aims to develop a deeper knowledge of how financial resilience and financial literacy relate to one another among non-working housewives in Barangay Mangalit, Mabalacat City. To accomplish this purpose, a correlational design with Descriptive Correlational Research and a survey questionnaire as an instrument to gather data were used. To analyze the data, this study used both the Kolmogorov-Smirnov and Shapiro-Wilk tests. The findings indicate that shopping behavior significantly influences keeping control of money, while savings behavior, shopping behavior, long-term planning, and short-term planning significantly relate to the financial cushion. And shopping behavior does not significantly impact the ability to hold financial stress. Furthermore, demographic factors like age, educational attainment, and source of income generally do not show significant associations with financial behaviors. However, monthly household income exhibits significance, linking income levels to savings behavior, long-term planning, and short-term planning.
|
|
|
| | |