The Budgeting Practices of Working Mothers of Majada In

Abstract

INTRODUCTION

Nowadays, prices of commodities have risen, perhaps consumers are also struggling to budget their money in their homes. In this study we explored the different practices, challenges that are being encountered by working mothers in budgeting, and probed on solution that they take to overcome those challenges.

METHODS

Qualitative research was used, and case study research design was implemented. The type of case study that was used is the multiple or collective which purposefully selects multiple cases to show different perspectives on the issue. The researchers used semi-structured interview to gather data from the respondents. The study was implemented at Majada In, Canlubang, Calamba City and choose five (5) working mothers as a respondents. And the data was analyzed following the coding procedures.

RESULTS

As a result, the major practices of the working mothers in budgeting are the following: they estimate their monthly cost to divide their salary. The major challenges that working mothers encounter in budgeting is that sometimes they experience a lack of money to budget and experience unexpected expenses like in school, illnesses and calamities. The major solution that working mothers take to overcome those challenges is to be thrifty like prioritize what is needed and reduce unnecessary expenditures.

DISCUSSIONS

The results conclude that in every family, they have their own ways of budgeting their money. Perhaps, the important is that family budgeting helps to know where the money actually goes. Spell out the realities and consequences of these, some experience -lack of money, unexpected expenses, calamities and illnesses. But the most important is that within the family, they tend to help each other to meet their every salary to their expenditures.