DR. YANGA’S COLLEGES, INC.

On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

On The Php 10,000 Budget for a Month is Enough for a Family with Five Members:

A Descriptive Research.

A Paper Presented to Mr. Alfred Santiago

In Partial Fulfilment of the Requirements For

Practical Research 2

Artieda, Matthew Josafat

Caluag, Mariel

Ongaria, Clarence Oliver

Ramos, Monaliza

Salvador, Regina

March 2019
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

CHAPTER 1

THE PROBLEM AND ITS BACKGROUND

INTRODUCTION

Consistently, inflation rate in the Philippines has turned into the characterizing

element of our monetary way of life and our own money related status also. It is basic to

see how and why inflation happens on the planet we live in.

Incorporated into this examination think about are the causes and impact of

inflation amid its high and low. While understanding, it is meant to give a valuable data

about inflation and see how this occur in our regular day to day existence.

In a normal native, the fundamental impact on inflation rate is the possibility that

it is the proportion of the estimation of our cash and the costs of merchandise and

enterprises. It is said that the lower rate is the better for the nation. That is, the lower rate

of the inflation, the lower costs of fundamental products. In a nation like Philippines, this

general thought is by all accounts extremely hard to comprehend on the grounds that

regardless of how the administration say the inflation is showing signs of improvement,

individuals can't see it on the grounds that the costs of products and enterprises are

getting higher.

Cash runs the economy. It needs more business to work and more clients to

belittle the products and enterprises to profit in the market circle. It needs more cash to

lessen the costs but with the rising inflation in the market circle it seems purchasing

power decreases too. Purchasing power is the ability of one person to buy what he or she
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

needs to sustain its living.

With pay expands falling behind rising inflation, you can anticipate that your

wallet will keep on taking a beating as the typical cost for basic items increments in

pretty much every part of day by day life. Be that as it may, endeavour to watch out for

the long haul. In spite of the fact that you may need to decrease spending in a few zones,

don't give the present high costs a chance to demoralize you from putting something

aside for tomorrow's needs.

“The size of the family really affects the basic needs if the prices continue to rise

up,” (Lolito Tocardon,2018) The PSA detailed that toward the second end quarter of

2018, sustenance use remained at 41.5 percent of aggregate family use contrasted and

Western nations like the United States and United Kingdom, which spend around 10

percent of their month to month use on nourishment.

Furthermore, PSA said families with highest poverty incidence, similar to those in

the angling and agribusiness parts, are hardest hit as high inflation stays unabated,

making the day by day survival of poor families difficult to address, all the more so with

expanding family measure. (Philippines Statistic Authority,2018)

With these factors that must consider in order to live, various precision will come up

in people’s mind that are greatly affected by this issue. This mind may agree or disagree

with the NEDA’s statement about the inflation. In this research the researcher will tackle

about how many of the populations’ percentage will agree either disagree with this

statement of the said department. This study aims to identify which Socio- Economic

status are greatly affected by this. This research might help the government to know their
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

focus who are the cluster of people needs major assistance.

BACKGROUND OF THE STUDY

Cost of Living is the cost of maintaining a certain standard of living. Changes in

the cost of living over time are often operationalized in a cost of living index. Cost of

living calculations are also used to compare the cost of maintaining a certain standard of

living in different geographic areas. Differences in cost of living between locations can

also be measured in terms of purchasing power parity rates. Purchasing power decreases

when the monetary value decreases. With the consistent rise of inflation in the

Philippines it is such a burden for everyone to live specifically those providers either

parents to survive with this.

The Economist Intelligence Unit produces a semi-annual (twice yearly) worldwide

cost of living survey that compares more than 400 individual prices across 160 products

and services. They include food, drink, clothing, household supplies and personal care

items, home rents, transport, utility bills, private schools, domestic help and recreational

costs.

The survey itself is an internet tool designed to calculate cost-of-living allowances

and build compensation packages for corporate executives maintaining a western

lifestyle. The survey incorporates easy-to-understand comparative cost of living indices

between cities. The survey allows city-to-city comparisons, but for the purpose of this

report all cities are compared to a base city of New York City, which has an index set at

100. The survey has been carried out for more than 30 years.

The most recent survey was published in March 2017. Singapore  remains the
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

most expensive city in the world for the fourth year running, in a rare occurrence where

the entire top five most expensive cities were unchanged from the year prior. Sydney

and Melbourne have both cemented their positions as top-ten staples, with Sydney

becoming the fifth most expensive, and Melbourne becoming the sixth. Asia is home to

more than five most expensive cities in the top twenty but also home to eight cheapest

cities of the cheapest ten.

Due to some fluctuations and inflation that is happening the cost of living in every

society varies. Inflation is defined in economics as a sustained increase in price level of

goods and services in an economy over a period of time. Thus, price inflation diminishes

individuals’ capacity to pay for goods. The idea at a fundamental level states that if a

worker’s wages stay relentless, yet the cost of products build, at that point employees can

afford fewer goods. (Carter McBride, 2007 )

Recently, reported at the CNN Philippines, during a press conference amid the

worsening inflation rate and its effect especially to ordinary Filipinos, undersecretary

Rosemarie Edillon said that a family of five (5) can survive with a ten thousand pesos

( Php 10 000) budget monthly. Further, she added that a family earning a Php 10 000 is

not poor.

Many of the senators antagonize the statement due to their view that it is

unrealistic. This trending issue will be further discuss in this research. This aims to know

the quantitative value of a certain community who disagrees with this

statement.Furthermore, this research aims to know also the greatest portion of which

factor contributes the most for the respondents to disagree.

 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

THEORETICAL FRAMEWORK

Theories are formulated to explain, predict, and understand phenomena and, in

many cases, to challenge and extend existing knowledge within the limits of critical

bounding assumptions. The theoretical framework is the structure that can hold or

support a theory of a research study. The theoretical framework introduces and describes

the theory that explains why the research problem under study exists.

a. Cost Push Inflation

The hypothesis of cost-push inflation wound up prevalent amid and after the

Second World War. This hypothesis keeps up that costs as opposed to being pulled-up by

abundant demand are additionally pushed-up because of an ascent in the cost of creation.

Under cost-push inflation costs ascend by virtue of an ascent in the cost of crude

materials, particularly compensation. The theory holds that the fundamental clarification

for inflation is the way that a few makers, gathering of specialists or both, prevail with

regards to raising the costs for either their item or administrations over the levels that

would win under more aggressive conditions.

As it were, inflationary weights begin with supply as opposed to demand and

spread all through the economy. Inflation of the cost-push compose begin in enterprises

which are generally gathered and in which merchants can practice significant prudence in

the detailing of the two costs and wages. Cost-push inflation may not be conceivable in

an economy described by unadulterated rivalry.

 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

Since this inflation is because of the powers of cost and supply, it isn't liable to

simple treatment in light of the fact that financial and money related measures may fix a

cost inflation just to the detriment of expanding joblessness and slower development.

That is the reason many cost-push inflation specialists advocate alleviation instead of end

of inflation.

The procedure of inflation is caused not by an abundance of interest but rather by

increment in cost, especially when components of creation endeavor to expand their offer

of the aggregate item by raising their honors or factor costs called cost-push inflation.

It is caused by the imposing business model components either in the work

advertise when there is wage-push or in the wares showcase when there is profit push yet

for the most part it is because of wage-push which builds the cost of generation and

subsequently costs. It has been watched as of late that in numerous nations guilds have

turned out to be intense so they can get wage increments relatively consistently

significantly in abundance of the general normal increment in yield per man-hour.

b. The Demand-Pull Inflation

The theory of interest pull inflation identifies with what might be known as the

conventional theory of inflation.

The embodiment of this theory is that inflation is caused by an over abundance of

interest (spending) with respect to the accessible supply of merchandise and enterprises at

existing costs.

As per classical's, the key factor is the cash supply on the grounds that as per the
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

amount theory of cash just an inflation in the cash supply is fit for raising the general

value level.

In present day salary theory, be that as it may, demand pull is deciphered to mean

an abundance of total cash demand in respect to the economy's full business yield level.

The theory accept that costs for products and enterprises and in addition for monetary

assets are receptive to free market activity powers, and will, subsequently, moves

promptly upward under the weight of an abnormal state of total demand.

Business analysts like Friedman, Hawtrey, Golden Weiser, who see inflation as a

simply fiscal wonder, emphatically bolster this hypothesis of inflation caused by

abundance cash supply. The over abundance demand in the economy creates inferable

from substantial scale speculation use either in people in general or in the private

segment, in this manner surpassing the aggregate yield.

Because of this abundance demand, costs will rise and overabundance demand

inflation or demand pull inflation comes to exist. Therefore, we locate that as per this

theory of demand pull inflation, costs ascend in light of an overabundance of total

demand over existing supply of merchandise and ventures caused by an inflation in the

amount of cash—bringing about a fall of financing costs—expanding speculation uses

and costs. Be that as it may, demand pull inflation may likewise be caused without an

inflation in cash supply—when MEC or MPC goes up causing an Inflation in

consumptions and consequently costs. Since inflation is because of overabundance

demand, it is viewed as controllable by the demand lessening money related and financial

arrangements.
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

Abundance demand approach is additionally created by Bent Hansen, Keynes,

Wicksell and Sweedish financial experts. Their view is that the general cost is dictated by

the aggregate interest for and add up to supply of products similarly as the cost of any

great is controlled by the powers of interest and supply for it.

As per them inflation is a circumstance caused by overabundance demand, in

which the aggregate interest for merchandise as estimated by the volume of cash offered

is in abundance of supply of products at winning costs. However, a more profound

investigation will demonstrate that there is almost no contrast between the two

methodologies, that is, the approach of amount theory bolstered by Milton Friedman that

overabundance demand is caused by abundance cash supply, particularly when it is

understood that abundance demand can wind up successful just by methods for an

expanded supply of cash.

Inflation is a dynamic disequilibrium process. It suggests an unfaltering increment

in the value level after some time. At the point when financing costs ascend to a

sufficiently high level, the interest for cash will turn out to be absolutely inelastic

regarding the rate of premium. Now there are not any more theoretical adjusts to be had,

endeavors to obtain finances either will be baffled or, in view of the resultant increment

in loan fees, will cause the relinquishment of different endeavors. At the point when the

interest for cash ends up inelastic, all assets are utilized for exchange purposes, and

further increments in the total demand would then be able to be financed just by a

decrease in uses somewhere else in the economy or by an inflation in the exchanges

speed of cash. Along these lines, eventually cash supply is the causal factor.
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

c. Mixed Demand Inflation

The issue of distinguishing the essential nature-and basic wellspring of inflation

proceeds. Does inflation emerge from the demand side of the products, factor and

resource markets or from the supply side or from some blend of the two—the alleged

mixed inflation. Numerous financial specialists have come to trust that the genuine

procedure of inflation is neither because of demand pull alone, nor because of cost-push

alone, however because of a blend of both the components of demand pull and cost-push

—called mixed inflation.

The procedure might be started either by demand pull or by cost-push yet it can't

be kept up except if different powers likewise work movement. The significant

distinction between the two speculations of the inflationary procedure fixates on the

responsiveness of both the cash wages and costs to change popular. The individuals who

trust that there is wage and value adaptability in the economy contend for demand pull

inflation; on the grounds that such adaptability renders it outlandish for any cost incited

inflationary pattern to support itself.

Then again, the individuals who trust that wages and costs are not adaptable

accentuate the cost-push hypothesis or inflation. Neither one of the approaches taken

independent from anyone else ought to be viewed as a totally tasteful clarification of the

reason and nature of inflation—both the methodologies are supplementary instead of

aggressive (or option) as clarifications of the reason for inflation. The adjoining Figures

indicate instances of mixed inflation.

 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

CONCEPTUAL PARADIGM

INPUT PROCESS OUTPUT

People of the respondents: ● Questionnaire This formulate the
conclusion that really the
● Age ● Likert-type scale Php 10,000 isn’t really
Questionnaire enough for a Family with 5
● Civil Status
members given that the
● Statistical treatment
● Employment inflation in our country is
increasing.
Social support among other
in terms of medical
assistance of Family
member:

● Social Status of the

Family.

● Inflation authority raising.

● Purchasing power of the

consumer.

Figure # 1.0 Conceptual Paradigm

The analysts detail an applied outline wherein the thoughts or connection of the

factors can be delineated effortlessly. Through the visual portrayal of the factors it is

obvious that the factors are interconnected to each other. Since the focal point of the

investigation is the exactness of the respondents relating to the announcement of NEDA,

STATEMENT OF THE PROBLEM

The purpose of this study is to know the different factors that majorly affects how people

thinks on deciding how affected they are towards the increasing inflation. Various
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

variables are listed below:

● Numbers of people who agrees and disagrees with the statement.

A. Agree

B. Disagree

● Percentage of factors that affecting their answer.

I. Agree

1.1 Social Status

1.2 Place

1.3 Age of Family Members

1.4 Health Background

II. Disagree

2.1 Social Status

2.2 Place

2.3 Age of Family Members

2.4 Health Background

● Job identification of the respondent who approve and disprove with the statement.

I. Agree
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

1.1 Student

1.2 Single – Unemployed

1.3 Single - Employed

1.4 Married - Unemployed

1.5 Married - Employed

1.6 Others

I. Disagree

2.1 Student

2.2 Single – Unemployed

2.3 Single - Employed

2.4 Married - Unemployed

2.5 Married - Employed

2.6 Others

HYPOTHESIS

(Hi) Inflation is both a need and a weight. To influence a nation to survive a little

inflation is a great help to influence it's economy to develop in light of the fact that it
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

urges the general population to spend as opposed to spare, in the interim when expansion

is too high it isn't useful for the economy or people since high inflation can deliver low

development and increment the quantities of unemployment.

Cost of living and inflation rate are interconnected with each other. If the inflation

rate builds then the average cost for basic necessity will likewise rise. According to

Michelle Ulman " cost of living is the average cost of an accepted standard living that

includes basic necessity, meanwhile inflation is the cost of goods and services that rises."

Therefore, if the cost are 0.65 peso of each 1.00 peso that an average family acquires,

then even living an average life can cost a lot more.

SCOPE AND LIMITATION

The scope of this study are the people around the Bocaue specially those

barangay’s around Dr. Yanga's Colleges Inc. that includes the different social statuses of

the respondents. The researchers doesn't requires any qualification except the age of the

respondents for the assurance that they know the current issue/s that the survey will be

tackling about. Being a researcher, you need to do a survey to those people that knows

what is your topic is all about to avoid bias or misinformation. That is why we, the

researchers, needs 18 years old people and above in answering the survey. This research

needs information in near by places that's the focus of our research is only here at the

vicinity of Bocaue. As a researcher they need to have limitations when it comes on

gathering informations because if the research will be approved, it can't be changed

anymore but it can be the base of a new research topic. Randomization is visible also in
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

the research, it doesn't matter if you are single or lady or man but the thing that only

matters is the age. The survey that will be happening in the near future is very important

for the researchers for them to gather informations and for them also to get new ideas.

SIGNIFICANCE OF THE STUDY

Significance of the study provides other literatures or studies that are connected to

the study of the researchers that can help the researchers on their study.

● To Students

With the sudden change in our societal system it is undeniable that students

are affected too with the increase rate of the inflation. This study aims to broaden the

knowledge of the student about the situation so that they can adjust their needs and learn

how to adapt with this dilemma. In line with this students must know their privileges

that the government imply to lessen the burden of inflation for the students.

● To Parents

One of the major holder of the burden that the inflation brought is the parents or

the guardian who are working t sustain a family. This research aims to give alternative

solution for the meantime so that they can adjust and adapt with this dilemma. This aims

to find ways for them to lessen their burden they are bringing.

● To Workers

This might be essential for those who are working most especially for those who

are sustaining their family. This research might help them to cope up and find alternative
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

solution so that the inflation may not bring so much burden for them. It is also essential

for them to know the consequences of inflation so that they can prepare their selves

facing this issue. This research also aims to inform them what are the causes and

precaution that the government was doing to decrease the rate of inflation.

DEFINITION OF TERMS

For the purpose of citing, it is very important to understand the following terms.

 Accentuate to make something more prominent or noticeable.

 Advertise to make the public aware of a product being sold.

 Alleviation to reduce trouble.

 Asset a property owned by a person or a company.

 Autonomous having the power or the right to govern.

 Business Model a design for the successful operation of a business.

 Deflation a decrease in the amount of available money or credit in an economy that

causes prices to go down.

 Demand the ability to buy goods and services.

 Disequilibrium a loss or lack of balance.

 Economist Intelligence Unit a British business within the economist group providing

forecasting and advisory services through research and analysis.

 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

 Enterprises a business organization.

 Excise a tax on certain things that are made, sold, or used within a country.

 Goad someone or something that urges.

 Gross Domestic Product the total value of goods and services provided in a country

during one year.

 Hyperinflation extremely rapid increase in the price of goods and services.

 Inflation a continual increase in the price of goods and services.

 Inflationary causing, experiencing, or affected by economic inflation.

 Legislature a group of people with the power to make or change laws.

 Market refers to the group of consumers or organizations that is interested in a

product.

 Praxeological the study of human action and conduct.

 Profit a financial gain.

 Randomization the process of making something random.

 Stagflation persistent high inflation combined with high unemployment and stagnant

demand in a country’s economy.

 Surplus an excess of production or supply over demand.

 Variables anything that has a quantity or quality that varies.

 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

REVIEW OF RELATED LITERATURE

DEFINITION OF INFLATION

Inflation estimates the yearly rate increment in costs. The most regular measure is

that of retail costs. The legislature distributes a file of retail costs every month, and the

rate of inflation is the rate increment in that file over the past a year.

"When prices of commodities rise, we refer to it as inflation. If prices fall, however, this

is normally referred to as negative inflation or deflation." (Caparas, Ma. Teresa D., 2000,

Economic Issue of the Day). There are two noteworthy composes of inflation, in

particular, the demand pull and the cost-push expansion. Demand pull expansion happens

when there are increments in buyer demand and generation does not increment.

It is the nonstop increase in the general level of prices which is measured as an

annual percentage increase. (Villamayor, Y., 2016, How Inflation Rate Affects in the

Filipino People). Inflation rate is the rate of progress of a value record after some time. It

is broadly figured by computing the development of progress in a value list. The National

Insights Office of the Philippines estimates the inflation rate in the Philippines. Each

youthful understudy, each profession people, even the observers in the road or even every

plain housewife, in any case are altogether prepared somehow by expansion.

To a person with economics training, a rise in inflation usually takes place when,

because of vigorous economic conditions, demand for the factors of production-labor ,

land, credit an raw materials and their production supplies-are exerting downward
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

pressure on their availabilities, so that bidding up of prices results. (Romero, Rudy, 2015,

What a Low Inflation Rate Indicates). Solid interest for Gross domestic product segments

hauls factor costs, and accordingly the expansion rate upwards. There has been no such

circumstance in the previous two years. Despite what might be expected, there has been a

considerable measure of slack in the economy: no upward value weight in the business

sectors for work and alternate components of creation. Absolutely not for work, given

that the Philippines, an Underdeveloped nation, is by definition a work surplus economy.

“The “Economy Killers” of the Philippines were bad government finances and

inflation.” (Mangun, John, 2018, Inflation: So what?). The organization of Gloria

Macapagal-Arroyo began dealing with the first. The administration spending deficiency

as a level of Gross Domestic Product diminished, from 5 percent to the present 3 percent.

The Philippine government obligation to Gross domestic product has been diminished to

42 percent, from 70 percent in 2004. Notwithstanding, in the event that you track

inflation to monetary development, the photo isn't beautiful. We don't generally observe

an "expansion up; development down" situation. However, what we do witness is

expansion ceasing or abating an uptrend in development and deferring a financial

recuperation.

“Inflation is dead” stated by Josef T. Yap, 2000, Inflation and Economic Growth

in the Philippines. This high handed presentation by individuals like Lester Thurow and

Roger Bootie is erroneous mad may be founded on imperfect hypotheses or shallow

experimental evidence. What entangles the investigation of the connection amongst

inflation and yield development are exogenous supply stuns in the previous two decades

and the way in which monetary directors reacted to these stuns. Arrangements to balance
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

out the economy brought about scenes of stagflation. Inflation along these lines decreases

however simply after a slack while contractionary consequences for yield continue what's

more, in the long run deliver supply bottlenecks that contribute over again to inflationary

weight. Measures to hose total demand are again executed however the endless loop is as

it were rehashed. This is another point to the commonplace blast bust cycle.

VARIOUS CAUSES OF INFLATION

According to Sean Ross, 2018, How Does Money Supply Affects Inflation. The

theory most talked about in the connection amongst costs and the cash supply is known

as the theory of cash. The amount theory proposes the trade estimation of cash is resolved

like some other great, with free market activity. The fundamental condition for the

amount theory, created by American market analyst Irving Fisher, is communicated as:

(add up to cash supply) x (speed of cash) = (normal value level) x (volume of financial

exchanges).

To start with, as the national obligation per capital builds, the probability of the

legislature defaulting on its obligation benefit commitment increments, and accordingly

the Treasury Office should raise the yield on recently issued treasury securities to draw in

new speculators. This decreases the measure of expense income accessible to spend on

other administrative administrations since more duty income should be paid out as

enthusiasm on the national obligation. After some time, this move in consumption will

make individuals encounter a lower expectation for everyday life, as obtaining for

monetary upgrade ventures turns out to be more troublesome.

In conclusion, and maybe in particular, as the danger of a nation defaulting on its

 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

obligation benefit commitment builds, the nation loses its social, financial and political

power. This, thus, makes the national obligation level a national security issue. (Adkins,

Troy, 2018, What the National Debt Means to You)

Demand Draw Expansion includes inflation ascending as genuine GDP rises and

joblessness falls, as the economy moves along the Phillips Bend. Demand Force

Expansion is ordinarily portrayed as "a lot of cash pursuing excessively couple of

products".

All the more precisely, it ought to be depicted as including "a lot of cash spent

pursuing excessively couple of products", since just cash that is spent on merchandise

and enterprises can cause expansion. This isn't relied upon to happen except if the

economy is as of now at a full business level. The term demand pull expansion is

generally connected with Keynesian financial aspects. (Agarwal, Prateek, 2018, Demand-

Pull Inflation)

Cost push expansion is inflation caused by an expansion in costs of sources of

info like work, crude material, and so on. The expanded cost of the components of

creation prompts a diminished supply of these products. While the demand stays

consistent, the costs of wares increment causing an ascent in the general value level. This

is basically fetched push expansion.

For this situation, the general cost level increments because of higher expenses of

generation which reflects as far as expanded costs of merchandise and products which

significantly utilize these sources of info. This is expansion activated from supply side

i.e. on account of less supply. The contrary impact of this is called demand pull
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

expansion where higher demand triggers inflation. (Bennett, Coleman, Co., 2018, The

Definition of Cost-Push Inflation)

Inflation is firmly identified with loan fees, which can impact trade rates. Nations

endeavor to adjust loan costs and inflation, however the interrelationship between the two

is mind boggling and regularly hard to oversee. Low financing costs goad purchaser

spending and monetary development, and for the most part positive impacts on money

esteem. On the off chance that buyer spending increments to the point where demand

surpasses supply, inflation may follow, which isn't really a terrible result. Be that as it

may, low loan costs don't usually pull in remote venture. Higher loan costs have a

tendency to draw in remote speculation, which is probably going to expand the interest

for a nation's cash.

A definitive assurance of the esteem and conversion standard of a country's

money is the apparent attractive quality of holding that country's cash. That discernment

is affected by a large group of financial variables, for example, the strength of a country's

administration and economy. Financial specialists' first thought as to money, before

whatever benefits they may understand, is the well being of holding trade resources out

the cash. On the off chance that a nation is seen as politically or financially precarious or

if there is any noteworthy probability of a sudden downgrading or other change in the

estimation of the nation's money, speculators tend to bashful far from the cash and are

hesitant to hold it for critical periods or in huge sums. (N.A., 2018, How Does Inflation

Affect the Exchange Rate)

VARIATION OF INFLATION
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

At the point when the general value level with the goal that expansion rate winds

up negative, it is called Deflation. It is the inverse of the Inflation.

A decrease in cash supply or credit accessibility is the purpose behind flattening

as a rule. Lessened speculation spending by government or people may likewise prompt

this circumstance. Emptying prompts an issue of expanded joblessness because of slack

sought after. (Bennett, Coleman, Co., 2018, Definition of Deflation)

There are a few principle reasons that can make an economy encounter

disinflation. In the event that a national bank chooses to force a more tightly fiscal

strategy and the administration begins to auction a portion of its securities, it could

diminish the supply of cash in the economy, causing a disinflationary impact.

Correspondingly, a withdrawal in the business cycle, or a subsidence can likewise cause

disinflation. (N.A., 2018, Disinflation)

There are various traps to hyperinflation. Individuals will tend to accumulate

merchandise — including perishables like sustenance — on account of rising costs,

which thus, can make deficiencies in reserves. Reserve funds wind up useless,

influencing buyers' primary concerns. Furthermore, on the grounds that individuals aren't

saving their cash, monetary organizations and loan specialists may leave business.

Assessment incomes likewise fall, which means governments can't stay aware of giving

essential administrations. Printing more cash turns into the main choice, aggravating the

hyperinflation even. (N.A., 2018, Hyperinflation)

There are two principle speculations on what causes stagflation. One hypothesis

expresses that this financial marvel is caused when a sudden increment in the cost of oil
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

decreases an economy's gainful limit. Since transportation costs rise, delivering items and

motivating them to racks gets more costly and costs rise even as individuals get laid off.

Another hypothesis is that the conjunction of stagnation and expansion are

consequences of low quality monetary strategy. Essentially enabling inflation to go wild,

and after that all of a sudden snapping the reins on expansion is one case of poor strategy

that some have contended can add to stagflation, while others refer to unforgiving

direction of business sectors, products and work joined with enabling national banks to

print intemperate measures of cash are refered to as another conceivable reason for

stagflation. (N.A., 2018, Stagflation)

“The notions of inflation and deflation are not praxeological concepts. They were

not created by economists, but by the mundane speech of the public and of politicians.”

(Mises, 2018,Implications for the Debate on Free Banking). The main point we ought to

consider is that Mises comments that the term inflation isn't a praxeological term

originating from financial aspects, yet a thought that originates from political or famous

utilize. Consequently, the word inflation does not have the precision anticipated that

would be found in a hypothetical term, turning into a dubious and messy concept.

IMPACTS OF INFLATION

“Inflation was necessary to prevent the Paradox of Thrift . If consumer prices are

allowed to fall consistently because the country is becoming too productive, consumers

learn to hold off their purchases to wait for a better deal. The net effect of this paradox is

to reduce aggregate demand, leading to less production, layoffs and a faltering

economy.”(Keynes, John Maynard, 2018, How Can Inflation Be Good for the
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

Economy?)

The paradox states that an increase in autonomous saving leads to a decrease in

aggregate demand and thus a decrease in gross- output which will in turn lower total

saving. The paradox is, narrowly speaking, that total saving may fall because of

individuals' attempts to increase their saving, and, broadly speaking, that increase in

saving may be harmful to an economy. Both the narrow and broad claims are paradoxical

within the assumption underlying the fallacy of composition, namely that what is true of

the parts must be true of the whole. The narrow claim transparently contradicts this

assumption, and the broad one does so by implication, because while individual thrift is

generally averred to be good for the economy, the paradox of thrift holds that collective

thrift may be bad for the economy.

“Actually, we can survive with [P10,000] a month as long as we all stop

breathing”(Lacson,P. ,2018) with the excruciating increment of cost of products in the

market, it is certain that getting by for your reality is an awesome fight that each family

was battling for. To spending plan the 10 000 worth of cash in the Philippines you should

just eat once a day to guarantee that 10 000 will be sufficient for a month. It isn't the

violations or unlawful killings who are slaughtering the general population yet it is our

framework that chokes out us with the agonizing costs in the market.

“Poverty incidence had gone up in the last 10 years and with the implementation

of TRAIN law, every Filipino worker should receive a substantial wage increase to cope

with higher prices and inflation,” (Porras, R. 2018) the execution of the TRAIN didn't

reduce the weight of Pilipino specialists rather it is another incumbrance that each

national needs to shoulder. The weight spread additionally even to the non-laborer
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

individuals of the Philippines which makes the poor much poorer. With the considerable

expansion that is continously occuring in the nation, the compensations of the employees

don't increment. In accordance with that surviving turn out to be all the more battling

because of this unbalance happening wherein average cost for basic items increments

thus the compensations or salaries that the workers are getting doesn't fit any longer to

manage a family.

“We will ask the Department of Finance and other government agencies to

carefully study the suspension of excise taxes on fuel because of the continued increase in

the price of petroleum products,” (Poe, G. , 2018)

Following a while of persevering through the weight because of the inflation, Sen.

Grace Poe had been at long last talked about the issue wherein she think about the battles

of the Pilipino representatives and laborers. It is as yet a continuous procedure in the

court wherein suspension must be actualized because of the absurd cost of goods in the

market. The inception of these price hike may on account of the expansion in value

likewise of the Petroleum items we import that nearly run our entire nation. In

accordance with that Sen. Grace presume that suspension of excise tax may ease

partially the weight of the general population.

“While we understand the need of government to increase revenues, we need to

prioritize the protection of the public who are bearing the brunt of these high prices

which is negating the increase in take home pay brought about by lower income taxes,”

(Ejercito, J.V., 2018) For a developing nation a few changes must happen, the majority

of the recipients of this inflation is the individuals who possessed the organization

wherein the cost of an item increments yet the workers compensation don't.
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

notwithstanding of the need in increment of incomes of the administration it is an

absolute necessity to determine this issue first that may facilitate everybody's weight. the

pay rates of the specialists must fit with the general public where they have a place with

accomplish reasonableness and keeping in mind the end goal to survive. If at any point

this inflation reliably increment it may be all the more attempting to survive and poverty

may increment as well. With the outlandish price hike, Government must be circumspect

and accomplish something in accordance with this. We may get at the best yet who will

profit for it if the general population of the country has been kicked the bucket because of

hunger.

SYNTHESIS

Inflation is one of the biggest problems that a country may have. It is controllable

or it can be tolerated but even though it is controllable it still occurs or exist. Inflation?

What is it? And What is the effect of it?

Inflation is characterized as a maintained increment in the general level of costs

for products and ventures in a province, and is estimated as a yearly rate change. Under

states of inflation, the costs of things ascend after some time. Put in an unexpected way,

as inflation rises, each dollar you possess purchases a small level of a decent or

administration. At the point when costs rise, and on the other hand when the estimation of

cash falls you have already inflation.

Inflation is fundamentally caused by abundant demand or decrease in total supply

or yield. Former prompts a rightward move of the total demand bend while the last causes
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

total supply bend to move leftward. Former is called demand pull inflation (DPI), and the

last is called cost-push inflation (CPI). Individuals' wants are conflicting. When they go

about as purchasers they need costs of products and ventures to stay stable yet as

merchants they expect the costs of merchandise and enterprises ought to go up. Such a

cheerful result may emerge for a few people; "at the same time, when this happens, others

will get the most exceedingly terrible of the two universes."

Inflation have many kinds but even though it is different or multiple, it is still not

good for anyone here that is affected by it. Financial analysts consider expansion all the

more doubtlessly as a "supported ascent in the general level of costs." Their worries

center around inquiries, for example, regardless of whether inflation contorts monetary

choices. High inflation antagonistically impacts monetary execution, as proof from cross

country examines appears. Similarly, direct levels of inflation can twist venture and

utilization choices.

Lastly, inflation is everywhere, no buddy in this world is safe in inflation, so we

must discipline ourselves unto the next level and always remember that it doesn't lose or

disappears it is just minimizing on what will happen in the next or following years.
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

CHAPTER 2

RESEARCH METHOD

RESEARCH DESIGN

The exploration outline of this investigation is essentially a quantitative research

which intends to request the appropriate responses of the respondents that will add to plan

of the result. This examination will just focus to number of individuals who are in support

or not of the announcement of the secretary accordingly, the finding of this exploration

will add to the present society for the administration to make enough move with respect

to the issue and offer solution for the expanding rate of inflation.
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

Quantitative research configuration is a brilliant method for settling results and

demonstrating or refuting a theory. The structure has not changed for a considerable

length of time, so is standard crosswise over numerous logical fields and teaches. After

measurable examination of the outcomes, a complete answer is to come, and the

outcomes can be honestly talked about and distributed. Quantitative analyses additionally

sift through outer components, if appropriately composed, thus the outcomes picked up

can be viewed as genuine and fair. Quantitative trials are helpful for testing the outcomes

picked up by a progression of subjective examinations, prompting a last answer, and a

narrowing down of conceivable bearings for follow up research to take.

Specifically the quantitative research that the researchers have been use is the

Descriptive type of research , it is used to describe characteristics of a population or

phenomenon being studied . Descriptive research is likewise called Statistical Research.

The principle objective of this sort of research is to portray the information and qualities

about what is being considered. The thought behind this sort of research is to think about

frequencies, midpoints, and other measurable computations. In spite of the fact that this

examination is profoundly exact, it doesn't accumulate the causes behind a circumstance.

descriptive research is essentially done when a specialist needs to pick up a superior

comprehension of a point for instance, a solidified prepared dinners organization

discovers that there is a developing interest for new prepared suppers yet doesn't know

much about the region of new nourishment thus needs to do examine keeping in mind the

end goal to pick up a superior comprehension. It is quantitative and utilizes studies and

boards and furthermore the utilization of likelihood inspecting. descriptive research is the

investigation of the current certain phenomena.

 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

RESEARCH LOCALE

The research will take place around the Bocaue since the respondents will be

coming from the said municipality. Furthermore, the availability of respondents are also

impressive in this municipality.

The poverty rate of Bocaue is higher than the other towns near to it like the

Municipality of Marilao. Marilao has a decreasing poverty rate of 2.8% while Bocaue

has an increasing poverty rate of 4.2% that signifies that Bocaue has higher poverty rate

than Marilao. (Public Statistics Authorities, 2015)

As the inflation increases the poverty rate also increases. In line with that the

researchers aim to know various precision of the respondents coming from the chosen

municipality since the municipality of Bocaue are one of the places with leading poverty

rate in Bulacan. Multiple opinion might be gathered in this area since they are

experiencing more struggle due to having high poverty rate then inflation add more on

their problems

The research will also take place at Dr.Yanga’s Colleges Inc.. It can be found at

Wakas, Bocaue, Bulacan. The researchers chose Dr.Yanga’s Colleges Inc. due to the high

probability that the respondents are aware with this topic. Dr.Yanga’s Colleges Inc. have

estimated number of population of more than 6,000 people including the teachers, school

staffs, maintenance, other staffs and the students.

 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

RESEARCH PARTICIPANTS

A research participants, likewise called a human subject or an investigation,

preliminary, or study member or subject, is a man who takes an interest in human subject

research by being the objective of perception by researches.

The participants of this research are ranging from 16 and above years old. The

respondents of this study will be gathered from the Grade 11 students of the Senior High

School Department of Dr. Yanga’s Colleges Inc. for they are more knowledgeable

regarding to this today’s issue about the inflation compare to those younger ones.

Furthermore, the researchers segmented into mutually exclusive sub-groups the

population wherein students are one of the sub groups. In addition with the sub groups

there are employed, unemployed, single- parents and marrieds. This participants are

mainly located at the Municipality of Bocaue.

Non-probability sampling has been use as testing strategy in this examination

where the chances of any part being chosen for an example can't be ascertained. It's the

inverse of probability sampling, where you can compute the chances.

The researchers chose Dr.Yanga’s Colleges Inc. due to the high probability that

the respondents are aware with this topic. Dr.Yanga’s Colleges Inc. have estimated

number of population of more than 6,000 people including the teachers, school staffs,

maintenance, other staffs and the students.

The sampling use in this research is the Quota Sampling under the Non-

Probability selection. Quota sampling is the non-probability version of stratified

sampling. A sampling method of gathering representative data from a group. As opposed

 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

to random sampling, quota sampling requires that representative individuals are chosen

out of a specific subgroup. Judgment is used to select the subjects or units from each

segment based on a specified proportion.

RESEARCH INSTRUMENT

To give and accumulate as much enlightening and relative assessment, descriptive

technique was utilized. This technique incorporates the utilization of survey, specifically

the questionnaire form.

Normally, a questionnaire is a paper-and-pencil instrument that is managed to the

respondents. The typical inquiries found in questionnaire are closed- ended inquiries,

which are trailed by reaction choices. Notwithstanding, there are surveys that request that

open-finished inquiries investigate the appropriate responses of the respondents.

The researchers chosen type of questionnaire is the Likert- type scales wherein

Respondents are asked whether they agree or disagree with a statement. Each option is

given a score, which can be used to analyze results.

When in terms of time involvement this is a type of a Cross- sectional Survey

wherein gathering data from the respondents at a solitary period in time utilizes the cross-

sectional sort of study.

In addition the researches are in need of a Non Participant Observer to conduct

non-participants observation that is an exploration method whereby the specialist watches

the subjects of his or her survey, with their insight, however without taking an active part
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On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

in the circumstance under investigation. This approach is at times criticize in light of the

fact that the simple certainty of their being watched may lead individuals to carry on in a

different behavior.

For the questionnaire’s validity the researchers got a total average of 4.28 that

means that the researcher’s questionnaire had is considered with very high validity.

DATA GATHERING PROCEDURE

The researchers aim to follow this procedures for the benefit of the success of

interpreting the data that have been gathered. These procedures are guidelines that must

be followed in order to formulate proper conclusion of the research.

Figure # 2.0 Data Gathering Procedure

 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

The researchers have a procedure to be followed. It starts with submitting a letter

of intent for the researchers to be able to conduct a survey. Second, the researchers will

select their respondents that are needed to their survey. Third step is conducting the

research proper. Then after that, the researchers will gather all he data they have been

collected and analyze it. Lastly, when the researchers already gathered all the information

they need, the researches will draw now the conclusions that they can make after the

survey that they have conducted.

STATISTICAL TREATMENT

Statistics is a scope of procedures for strategies, sorting out, analyzing and

showing quantitative data. Data is the term for facts that have been acquired, and, for

statisticians, data usually refers to quantitative data that are numbers. Basically therefore,

statistics is a logical way to deal with examining numerical information with a specific

end goal to empower us to expand our interpretation, comprehension and utilize.. This

means that statistics helps us turn data into information; that is, data that have been

interpreted, understood and are useful to the recipient.

The researcher aims to use descriptive statistic which is used to describe the basic

information of the data in a study. It provide simple summaries about the sample and the

measures. Together with simple graphics analysis, they form the basis of virtually every

quantitative analysis of data. The formulas needed for this study are the following:

Central Tendency
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

Central tendency is a central or typical value for a probability of

distribution. There are three measures of central tendency, the mean, median, and mode.

Mean is the arithmetic average of the values. It can be computed by dividing the sum of

the value of the observations by the numbers of observations.

Mean ( X́ ¿=
∑X
n

Median is the middlemost value in an ordered array of data. It devides the

data set into two equals parts, half of them smaller than the median, and the other half

larger.

~
Median ( X ¿=×m

Which ×m is the middlemost value when n is is odd.

× m1 +xm
(~
X ¿= 1

Where ×m 1 and ×m 2 are the two middlemost value when n is even.

Mode is the value the most frequently occurs. If all values in the data set have the

same frequency, then the data has no mode. There are data sets with 1,2 or 3 modes, (i.e

unimodal, bimodal, trimodal or multimodal.)

The researchers chose to use various statistical treatment to assure the validity and

objectiveness of the result. Though in this research the researches chose to use multiple

formulas it will not cause confusion but leads to more concise and valid result at the final

result in the process of analysis of data that the researchers have been gathered.
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

ETHICAL CONSIDERATIONS

It is imperative that ethical issues are considered during the formulation of the

evaluation plan. Ethical considerations during evaluation include:

• Informed Consent

The researchers must inform their respondents about their survey, their topic and

the purpose of their research. The respondents must know what to do in order for them to

answer the survey successfully. At the end they must be informed also with the final

outcome of the research that they have been participated

•Voluntary Participation For the researchers

They must encourage the respondents to answer the survey. The researchers must

not force the respondents to answer the survey form. The respondents must answer the

survey wholeheartedly.

• Do No Harm

The researchers must avoid violent reactions and actions towards their

respondents. They must also ensure the quality of words they are using in speaking in

front of their respondents. The researchers can harm physically or mentally.

• Confidentiality

The researchers and respondents must know their limitations about the content

and information in the survey. What is in the survey must be a hidden information
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

between the respondents and the researchers.

• Anonymity

The researchers can either know their respondents identity and didn't know who

they are. Identity of respondents must remain between them and the researchers.

• Only Assess Relevant Components

The researchers must know their limitations about their topic. Th researchers must

not incline informations that are not related to the study nor in the survey.

CHAPTER 3

RESULTS AND DISCUSSIONS

This chapter gives an outline of research methods that were followed in the study.

It provides information on the participants, that is the criteria for inclusion in the study,

the researchers describes the research design that was chosen for the purpose of this study

and the reason for this procedures that were followed to carry this study are included. The

researchers also discuss the methods used to analyse the data.

Table 1: Employment Rate of the Respondents

Civil Status Employed Unemployed None of the Above

Student 1 0 29
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

Single 30 30 0

Single – Parent 30 30 0

Married 30 30 0

Percentage rate: 91 – 43.33 % 90 – 42.86% 29- 13. 81%

In this table, the data depicts the diversity among the employment rate of the

respondents. Among the 210 respondents, (43.33% ) majority of the respondents are

Employed and 42.86% of them are unemployed and the remaining 13.81% are neither

employed and unemployed, out of 210 respondents, 29 of them are students which are

focused on their studying. Meanwhile, 1 out of those 30 students are currently employed

and manage to simultaneously do his/her job while studying.

Table 2: Age Distribution of the Respondents

Civil Status Below 18 years old 18 and above years old

Students 17 13

Single 0 60

Single – Parent 0 60

Married 0 60

Percentage Rate: 17 – 8.1% 193 - 91.9%

In Table no.2 it only shows the gap between the ages. Majority of the respondents

are 18 and above years old which is equivalent to 91.9 % that is mostly near with 100%.

In the other hand, there are 17 respondents that are under 18. We consider still their
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

answer despite of having standard of 18 years old as our respondent due to that the

situation they are into. The researchers consider their answers since their age are near to

18 within few months.

Table 3: The Php 10,000 a Month for a Family of Five

Question Frequency Mode

1 73 1&2

2 131 4

3 116 4

4 126 4

5 100 4

6 125 4

7 94 5

8 185 2

For question number one, according to the Philippine Statistic Authority report in

2015 a family of 5 actually needed at least P9,140 on the average every month to meet

both basic food and non-food needs. (Philippine Statistic Authority, 2015). As can be

seen in the table above, the researchers found out that out of 210 respondents, 73

(34.7% ) respondents both disagree and strongly disagree that the Php 10,000 for a

month is enough for a family of five to live a decent life. In accordance to that, NEDA

computed that a family must have an income of Php 120,000 to afford a simple life. (Ralf

Rivas, 2018, How much does a family in the PH need to live decently?)

As for questions number 2,3, and 4 the researchers found out that out of 210

respondents 131 (62.3%), 116 (55.2%), and 126 (6%) respondents agrees that a persons

need is different base on his/her social status, location and age.

 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

Having a (47.6%) for question number 5, the respondents agrees that it is a need

to allot a budget for health maintenance of a family.

(Sowmya Lakshmi, 2018, What is the impact of inflation on student life?).

Having a small amount of money from their parents while the cost of living is rising the

student’s quality of life is becoming lower. Base on the researchers result 125 (59.5%)

respondents agrees that our current inflation rate affects the students.

As for question number 8, (44.8%) respondents strongly agrees that it is more

difficult to be a single parents to provide for his/her family than those who have partners.

The table further shows that (34.76%) disagrees that the action of the government

is enough to resolve the issue about the inflation rate.

Overall, the researchers findings indicates that major of the respondents strongly

disagree with NEDA’s statement about the Php 10,000 budget for a month is enough for

a family of five to live a decent life.

Table 4: Comparison of the Respondent’s Answer according to their Civil Status

Single

Question 5 4 3 2 1
Number

Empl Une Empl Une Empl Une Empl Une Empl Une
oyed mplo oyed mplo oyed mplo oyed mplo oyed mplo
yed yed yed yed yed

1
0.0% 0.0% 0.0% 20.0% 8.3% 30.0% 23.3% 0.0% 18.3% 0.0%
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

2
11.7% 3.3% 30.0% 21.7% 6.7% 25.0% 1.7% 0.0% 0.0% 0.0%

3 11.7
1.7% % 21.7% 20.0% 16.7% 18.3% 8.3% 0.0% 1.7% 0.0%

4
13.3% 5.0% 28.3% 30.0% 8.3% 15.0% 0.0% 0.0% 0.0% 0.0%

5
36.7% 5.0% 11.7% 18.3% 1.7% 25.0% 0.0% 1.7% 0.0% 0.0%

6
6.7% 8.3% 35.0% 20.0% 8.3% 21.7% 0.0% 0.0% 0.0% 0.0%

7
26.7% 10% 15.0% 0.0% 6.7% 16.7% 1.7% 23.3% 0.0% 0.0%

8
1.7% 8.3% 3.3% 10.0% 16.7% 0.0% 20.0% 30.0% 8.3% 1.7%

In the table above which is for the single respondents, no one strongly agrees with

the statement and mostly the answers are neither disagree or agree and disagree.

For numbers 2, 3, and 4 most of the answers of employed respondents were

agreeing with the statement with a 30%, 21.7% and 28.3%.

On number 5 and 7, mostly the employed one was strongly agreeing on the

question with 36.7% and 26.7%. While mostly of the unemployed on number 5 are

neither disagree or agree with 25% and number 7 having 23.3% of disagree.

Table 5: Comparison of the Respondent’s Answer according to their Civil Status

Single – Parent

Question 5 4 3 2 1
Number
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

Emp Unem Empl Une Empl Une Empl Une Empl Une
loye ploye oyed mplo oyed mplo oyed mplo oyed mplo
d d yed yed yed yed

1 0.0% 0.0% 0.0% 1.7% 5.0% 8.3% 26.7% 30.0% 18.3% 10.0%

2 6.7% 1.7% 38.3% 36.7% 5.0% 11.7% 0.0% 0.0% 0.0% 0.0%

3 1.7% 3.3% 33.3% 40.0% 15.0% 6.7% 0.0% 0.0% 0.0% 0.0%

4 1.7% 1.7% 28.3% 40.0% 20.0% 8.3% 0.0% 0.0% 0.0% 0.0%

5 28.3
% 5.0% 20.0% 36.7% 1.7% 8.3% 0.0% 0.0% 0.0% 0.0%

6 1.7% 3.3% 28.3% 36.7% 20.0% 10.0% 0.0% 0.0% 0.0% 0.0%

7 31.7
% 5.0% 18.3% 33.3% 0.0% 11.7% 0.0% 0.0% 0.0% 0.0%

8 0.0% 20.0% 0.0% 6.7% 18.3% 15.0% 23.3% 3.3% 8.3% 5.0%

As shown in the table of single - parent, most of the employed and unemployed

person disagrees with the statement.

In numbers 2, 3, 4 and 6 the employed agrees on the questions with 38.3%, 33.3%

28.3%, and 28.3% while the unemployed also agrees with the question with 36.7%, 40%,

40% and 36.7%.

For number 5 and 7 the answers of employed person where on strongly agree with

28.3% and 31.7% while most of the unemployed were agreeing on the question with

36.7% and 33.3%.

For number 8 answers were divided. Almost of the unemployed strongly agree

with 20% and most of the employed disagree with 23.3%.

Table 6: Comparison of the Respondent’s Answer according to their Civil Status

 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

Married

Question 5 4 3 2 1
Number

Emp Une Empl Une Empl Une Empl Une Empl Une
loye mplo oyed mplo oyed mplo oyed mplo oyed mplo
d yed yed yed yed yed

1 0.0% 5.0% 3.3% 5.0% 1.7% 0.0% 8.3% 16.7% 36.7% 23.3%

2 8.3% 16.7% 38.3% 30.0% 3.3% 3.3% 0.0% 0.0% 0.0% 0.0%

3 20.0% 15.0% 25.0% 23.3% 3.3% 8.3% 1.7% 1.7% 0.0% 1.7%

4 16.7% 18.3% 30.0% 26.7% 3.3% 5.0% 0.0% 0.0% 0.0% 0.0%

5 21.7% 15.0% 26.7% 28.3% 1.7% 6.7% 0.0% 0.0% 0.0% 0.0%

6 15.0% 13.3% 33.3% 31.7% 3.3% 5.0% 0.0% 0.0% 0.0% 0.0%

7 28.3% 23.3% 21.7% 26.7% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

8 0.0% 5.0% 3.3% 5.0% 1.7% 0.0% 8.3% 16.7% 36.7% 23.3%

This table are the married respondents, in number 2,3,4,5 and 6 most of the

answers of employed respondents are agreeing which is 38.3%, 25%, 30%, 26.7 % and

33.3%. While the unemployed were also agreeing on the question with 30%, 23.3%

26.7%, 28.3% and 31.7%. In number 7 the employed respondents strongly agree having a

28.3% and unemployed mostly agree with 26.7%.

In number 1 and 8 mostly the answers are strongly disagree both employed with

36.7%  and unemployed with 23.3% married respondents

Table 7: Comparison of the Respondent’s Answer according to their Civil Status

STUDENTS
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

QUESTION 5 4 3 2 1
NUMBER

1 0.0% 11.7% 6.7% 16.7% 15.0%

2 6.7% 23.3% 16.7% 3.3% 0.0%

3 5.0% 30.0% 11.7% 3.3% 0.0%

4 11.7% 26.7% 0.0% 11.7% 0.0%

5 23.3% 25.0% 1.7% 0.0% 0.0%

6 16.7% 23.3% 5.0% 5.0% 0.0%

7 31.7% 15.0% 1.7% 1.7% 0.0%

8 1.7% 5.0% 23.3% 15.0% 5.0%

For the students respondents, as you can see 11% agrees and 16.7% and 15%

disagree and strongly disagree. While in numbers 2, 3 , 4, 5 and 6 most of the answers are

agreeing with the questions with 23.3%, 30%, 26.7%, 25% and 23.3%.

For number 7, the students strongly agree on the question answering it with

31.7%. While on number 8, they answered it in neither disagree or agree with 23.3%.
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

CHAPTER 4

SUMMARY, CONCLUSIONS, AND RECOMMENDATIONS

SUMMARY

After several study, survey and treatment that have been applied with the gathered

data several conclusions have been drawn by the researchers. Out of the total number of

respondents that are randomly chosen to represent their clusters, majority of them

disagree with the NEDA’s statement that is “PHP 10, 000 is enough for a family with 5

members to live a decent life”, this have been proven despite of the diversities that the

different clusters have been facing. Furthermore, almost all of the students states that they

are affected too with the increasing inflation in our economy more precisely due to the

revised tax law which is the Tax Reform for Acceleration and Inclusion (TRAIN Law)

wherein most of the basic goods or services which students consumes are greatly affected

by it too. Many of the respondents agreed also that the needs of an individual differ in
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

their social status, location and the age of an individual. On the other hand, proper

allocation of money for health maintenance is a must and must be included in every

family’s budget plan for the instances of emergency purposes. Additionally, almost all

clusters agreed that being a single-parent isn’t easy most especially in this phenomenon

where all prices of goods and services that they need to provide to sustain for their living

are increasing. In contrast, the burden doesn’t fall only with those single-parent, even

other clusters share equal sufferings and adjustments just to survive despite of continuous

increased in commodities. In addition, majority of the respondents are not satisfied with

the action of the government within these phenomena, the government itself must do

something more in line with the issue. With the proper assistance of the government and

right adjustments that the people must do, everyone can pass through this crisis and no

one will be underprivileged and stay at the poverty class of the society.

CONCLUSIONS

The conducted research went right because the chosen respondents were all trust

worthy. The main focus of the research is to know how many people will agree or

disagree to NEDA’s statement about the Php 10,000 budget for a month for a family with

five members. As a result the research shows that almost all the answers are disagreeing

that the Php 10,000 budget for a month is enough for a family with five members to live a

decent or simple life. The high inflation rate or the continuous increase in the cost of

living results in difficulties in living a simple life. The high cost of living makes them

more vulnerable. Furthermore, the research findings also shows that the cost of living or
 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

needs of an individual is different base on his/her age, location and social status that

makes it more difficult to fit the Php 10,000 a month for a family with five members. The

researchers concluded that a family with five members needed more than Php 10,000 for

a month to make a decent living and that there are still families who cannot afford to

survive with the current inflation in our country.

RECOMMENDATIONS

For students

With the current cost of goods and services in the country, the researchers suggest

that the students with only have small amount of money from their parents to consider

budgeting their money and to buy cheap products with high quality. In this process

students can save money and adapt to our current inflation rate.

For Parents

The researchers would suggest for parents who don’t earned enough money to

provide for their children to have a family planning or to have atleast family budgeting to

lessen the money they will need to spend. For single parents, the researchers suggest to

apply for Solo Parent Identification Card (Solo Parent ID) to lessen their burden.

For Workers

The researchers recommend investing money to physical assets such as land to be

protected as inflation increases or decreases. As the value of this physical asset tend to

goes up not to goes down. Investing makes your money grow.

 DR. YANGA’S COLLEGES, INC.
On The Php 10,000 Budget for a Month is Enough for a Family with Five Members: A Descriptive Research.

For Future Researchers

For the future researchers the researchers recommend to add more questions in the

questionnaire and be more specific to what you wanted to know. The researchers would

suggest increasing the sample size to add more validity of the research. The researchers

also recommend that similar studies should be carried out in other areas.

REFERENCES

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