EXPLORING THE IMPACT OF ONLINE PALUWAGAN: BASIS FOR FINANCIAL STRATEGY AND BUDGETING PROGRAM

Abstract

This quantitative research study explores the impact of online paluwagan as a basis for financial strategy and budgeting programs among residents in North Caloocan. It aims to assess how participation in online paluwagan influences savings behavior, financial discipline, and emergency preparedness. This study explores key questions regarding respondents' demographics, perceived benefits and risks, and reasons for joining online paluwagan schemes. Additionally, it assesses their level of knowledge concerning policy, security, accountability, and transactions. Data was collected through surveys targeting individuals participating in online paluwagan, with a focus on their financial behaviors and perceptions. Online paluwagan promotes community trust and financial discipline but also carries risks such as dependency and fraud. Participants adopt various approaches to integrating paluwagan into their financial planning. While online paluwagan can improve saving habits, it also requires caution due to potential risks. Implementing tailored programs can help individuals effectively integrate paluwagan into their budgeting strategies.