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This chapter contains the background of the study, statement of the problem,
significance of the study, scope and limitations of the study, conceptual framework and
definition of terms.
confidently take effective actions that best fits an individual and family goals. Financial
literacy provides the understanding and capabilities for individuals to make informed
financial decisions with confidence, to manage personal wealth with efficiency (Ali, 2013).
can often lead to the development of poor habits (Gutter, Garrison & Copur, 2010). They
work to earn an income that would enable them to bring food to the table, clothe
themselves, as well as to give pleasure or satisfactions that can be obtain through money.
There are people who spend more than they earn. Spending is normal, but more
wants or both which is not healthy for a family. One of the significant Filipino attitudes
towards money is that we simply don’t plan our personal finances. Most of us spend our
financial planning, effective money management means using money to further your
The Filipino mindset is that spending comes before saving. What is left, is saved.
If there’s none left, then, there’s nothing saved. Savings, according to Keynesian
economics, are what a person has left over when the cost of his or her consumer
expenditure is subtracted from the amount of income earned in a given period of time.
Saving is important for unexpected expenses like medical expenses, sudden loss
of income, and education. Lack of savings will result to big financial burdens from
are concerned about their own and their family’s health, however, only 16 percent of them
are prepared to pay for medical costs in case they are diagnosed with a critical illness.
Saving and spending play an important role in the financial aspect as they direct
an individual financial condition. As stated by Adrian and Liang (2018), monetary policy
In order to help the Ube Jam community as one that faces financial shortage, this
study aims to determine their Spending and Saving habits and further determine in what
way to improve their spending and saving habits through the action of Rogationist College
This will determine the spending and saving habits of Ube Jam Community, one
1.1 Age
1.2 Gender
1.6 Occupation
1.7 Income
The result of this study will help the Rogationist College Community Extension
program.
The result of this study will help the residents of Ube Jam Community have a
positive spending and saving habits that will lead to their good financial condition by
benefiting from the program to be conducted by the Rogationist College Community
Extension office.
The result of this study will help the future researchers in seeking additional
This study includes the demographic profile of the respondents in terms of their
age, gender, civil status, income and occupation. It also includes information about
This study will used Input-Process-Output (IPO) model. The input includes the
demographic profile of the respondents in terms of age, gender, civil status, educational
attainment, number of family dependents, occupation, and income. It also includes the
spending habits of the respondents in terms of their monthly expense and preference and
values, and saving habit in terms of their engagement, means, purpose of saving, and
achievement of purpose.
After the data gathering, the results will be computed using statistical tools. Then, the
The output is the Spending and Saving Habits of Ube Jam Community.
Definition of Terms
The following terms are defined for a better understanding of this study:
Age refers to the length of years that the respondents has lived.
Civil Status refers to the distinct options that describe a person's relationship with a
significant other.
Community refers to a small or large social unit (a group of living things) that has
completed.
Expense refers to the money that something costs you or that you need to spend in
order to do something.
something for aid, support, favor, etc. a child, spouse, parent, or certain other relative to
Income refers to the money received, especially on a regular basis, for work or through
investments.
Means of Savings refer to ways on how the person saves his money.
Monthly Expenses refer to the sum of money that is being spent monthly by the residents
Preference refers to the certain characteristics any consumer wants to have in a good or
Savings refer to the money you put aside for future use rather than spending it
immediately.
Saving Habits refer to the frequently practiced behaviors done without a particular sense
Spending Habits refer to the way you are used to paying money for things, the things
you pay money for, and how much you are used to paying.
Ube Jam Community is the name of the place wherein the study is to be conducted.