INTRODUCTION

Many families experience financial problems because they don't have good
money management skills and make unwise decisions about how to use income
and credit. Uncontrollable factors such as unemployment can add to families'
financial problems. Lack of communication can cause problems when shopping
gets out of control. Other causes of family financial problems include addiction,
emotional problems and stress that lead to irrational spending patters. The study of
behavior in finance at the present time is growing very rapidly. Behavioral finance
take human factors into account, through perceptions, individual evaluations and
emotional elements involved in taking and making investment.
Finance literary is strongly associated with the behavior, habits and influence
of external factors. Meanwhile defines financial literacy as knowledge to manage
finance in order to live more prosperous in the future. n this study, we examine how
financial stress is associated with problem behavior in adolescents through the lives of
their parents. Using an actor–partner interdependence model, we explore pathways
within (actor) and between (partner) parents. Our data included 340 families, with
both parents rating their financial stress, depressive symptoms, and interparental
conflict, and with parents and adolescents rating parenting and problem behavior in
adolescents. The results indicate that the association between financial stress and
problem behavior in adolescents is mediated by depressive symptoms, interparental
conflict, and positive parenting. Another finding is that financial stress has direct and
indirect effects on interparental conflict. Furthermore, the impact of financial stress on
positive parenting is greater for fathers than it is for mothers. Although actor effects
are more prominent, there is also evidence of partner effects. Our results underscore
the importance of including multiple family members in studies on family stress
processes.
RATIONALE/ BACKGROUND

The inability to manage financial resources can lead to several other

problems. Since the COVID-19 pandemic is still spreading the ability to manage
the money affect the needs of a family. In this study is a lacking in money
because of the COVID-19 pandemic. And hence money management skill are very
week. Here some of a way to solve the family financial problem are:

* Use the money in a right way or in the things that really needs

* Make a personal loan

* Create a budget

PROJECT DESCRIPTION

This project entitled family financial problem due to the pandemic. Its goal
is to provide a solution on how we can save money in times of crisis
 FAMILY FINANCIAL

PROBLEM DUE TO THE

PANDEMIC
MARINEL C. SECILLANO
LIBON PRIVATE HIGH SCHOOL
SEPTEMBER 17, 2021