Undergraduate Feasibility Study Bachelor of Science in Business Administration Major in Financial Management University of Rizal System Binangonan 2024

This study explored the money management strategies of food stall workers
in Binangonan. Carried out to determine if there is a significant difference in their saving, spending, borrowing and investing behaviours when grouped according to their demographic profiles. Data were collected from sixty-five respondents, using
stratified random sampling technique and descriptive method of research. Utilizing a survey questionnaire checklist divided into three parts; demographic, money management strategies, opportunities and challenges encountered. Collected data sets were analyzed using rank distribution, weighted mean statistical treatment and One-Way Analysis Variance (ANOVA). The study revealed important insights into the financial behaviors and money management strategies
of the respondents. Most of the respondents were young adults in their early career
stages, predominantly women, single, earning modest incomes, and holding
undergraduate educational qualifications. These characteristics reflect a
demographic group navigating early financial independence, shaping their approaches to saving, spending, borrowing, and investing. Their financial
behaviors likely mirror the challenges and opportunities typical of this life stage,
such as limited resources and the aspiration for financial stability.
The respondents demonstrated positive financial practices, particularly in
prioritizing essential needs, organizing expenses thoughtfully, ensuring timely
repayments, and making prudent investment choices. These behaviors suggest a
commendable level of financial awareness and discipline. However, while their
overall money management strategies reflect good practices, there remains an
opportunity for greater consistency in applying these principles across all aspects
of their financial lives. This highlights the potential for enhancing financial literacy
and fostering more robust money management habits. The analysis further revealed that individual characteristics influenced
specific financial strategies. Factors such as age, gender, income, and education
shaped decisions around spending, borrowing, and investing, while marital status
and work tenure did not significantly impact financial behaviors. This underscores
the importance of recognizing diversity in financial experiences and tailoring
support mechanisms to address the unique needs of different demographic groups. Such targeted interventions can bridge gaps and promote equitable
financial empowerment.
Lastly, the respondents identified unexpected expenses as a primary
challenge, highlighting the need for stronger financial buffers and contingency
planning. On the other hand, they viewed the opportunity to set and achieve
financial goals as a source of motivation, reflecting their desire for long-term
financial security. These findings emphasize both the importance of addressing
immediate financial vulnerabilities and fostering an environment that supports
goal-oriented financial growth. Together, these insights offer a roadmap for
improving financial resilience and enhancing overall well-being.
In response, the study recommends initiatives such as financial literacy
workshops focused on automated savings, community-based budgeting programs
for daily expense tracking, access to low-interest loans for entrepreneurial
purposes, and tailored investment seminars. These programs aim to empower
food stall workers in Binangonan with tools and strategies to strengthen their
financial security and better navigate their financial challenges, thereby enhancing
their money management skills.