TY  - BOOK
AU  - Cenidoza, Mariel L.
AU  - Arabella B. Pabilonia
AU  - Mary Joy Cenidoza
AU  - Denise Cerda
TI  - Exploring Effective Money Management Strategies of Food Stall Workers in Binangonan: Cenidoza, Mariel L.
PY  - 2024///
N1  - Undergraduate Feasibility Study
N2  - 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. 



UR  - https://forms.gle/7LqvGGkaDrUQqz429
UR  - https://drive.google.com/file/d/1_Aw-Xzq8UnsEIt4W5IF2BFQhV3Cxt4zi/view?usp=drive_link
ER  -