PERSONAL FINANCIAL MANAGEMENT PRACTICES OF WORKING SINGLE

PARENTS IN ANTIPOLO CITY

An Undergraduate Thesis

Presented to

the Faculty of the College of Business

University of Rizal System

Binangonan, Rizal

In Partial Fulfillment

of the Requirements for the Degree

Bachelor of Science in Business Administration

major in Financial Management

BAÑARES, CENNA RAVEN P.

LUMBANG, JOHN HOMER I.
SORIANO, JOHN PETER B.

April 2023
 DEDICATION

This study is genuinely dedicated to our cherished family, who has been
our main source of inspiration, who never ceases to offer words of
support when we’ve felt like giving up, and who has provided financial
and moral support.

We also thank our research mentors and panels for their assistance and
advice during the entire process, for sharing their vast experience, and
for having faith in our abilities to carry out this study.

Additionally, we’d want to dedicate this to our friends, classmates, and

other individuals who volunteered their time and helped with our
research.

Without your assistance and willingness to work with us throughout the

process, this would not be possible.

- The researchers

ii
 ABSTRACT

TITLE: PERSONAL FINANCIAL

MANAGEMENT PRACTICES OF
WORKING SINGLE PARENT IN
ANTIPOLO CITY CALENDAR
YEAR 2022
AUTHORS: Cenna Raven P. Bañares
John Homer I. Lumbang
John Peter B. Soriano

COURSE AND ACADEMIC YEAR: Bachelor of Science in Business

Administration Major in Financial
Management
Academic Year 2022-2023

TYPE OF DOCUMENT: Undergraduate Thesis

TOTAL NUMBER OF PAGES:

COLLEGE: College of Business

NAME AND ADDRESS OF INSTITUTION: UNIVERSITY OF RIZAL SYSTEM

Binangonan, Rizal

The study aimed to determine the Personal Financial Management

Practices of Working Single Parents in Antipolo, City in terms of income

generation, spending, savings, and protection.

Based on the conclusion formulated the researchers recommended the

following. The researchers utilized descriptive method of research to obtain and

describe the Personal Financial Management Practices of Working Single Parents

in Antipolo, City through a questionnaire checklist of one hundred (100)

respondents. Data collected were calculated, tallied and treated statistically with

iii
different tools such as frequency, percentage, rank distribution, and weighted

mean.

Based on the analysis and interpretation made, researchers found out that

the respondent’s profile revealed that most of them were in adulthood, majority

were female, with tertiary level of education, unmarried, with 1 to 3 children/s, less

than half were regular/permanent employee, majority were self-employed, most of

them earned 10,000 and below on their salary.

With respect to respondent’s perception on personal financial management

practices in terms of income generation obtained a grand mean of 2.63, which

means single parents sometimes practices on their personal financial

management practices. In terms of spending, it obtained a grand mean of 3.32,

which means single parents sometimes spend on their personal financial

management practices. In terms of savings, it obtained a grand mean of 3.31,

which means single parents sometimes save on their personal financial

management practices, and in terms of protection, it obtained a grand mean of

3.24, which means single parents sometimes protect their personal financial

management practices.

The researchers recommended that personal financial management

practices may consider well planned finances to reduce the risk of spending too

much and in order to have a greater control over expenses. It is also suggested

that they always record and monitor their daily income and expenses to help

forecast the demand and supply of their needs, to prevent buying unnecessary

things, and excess stocks. Monitor regularly the status of the budget and expenses

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as it is important to ensure the financial. It is important for a single parent to be

able to enforce accountability related to income generation.

Also suggested to record their monthly expenses and salary to keep it

tracked, because it can help to make good financial decisions and management.

Try to save as much money as you can each month, even if it’s just a small amount.

Every little bit helps and having an emergency fund can give you peace of mind.

v
 TABLE OF CONTENTS

Page
TITLE PAGE i

APPROVAL SHEET ii

ACNOWLEDGMENT

DEDICATION

ABSTRACT iii

TABLE OF CONTENTS

LIST OF TABLES

LIST OF FIGURES

Chapter

1 THE PROBLEM AND ITS BACKGROUND 1

Introduction 1
Background of the Study 3
Theoretical Framework 5
Conceptual Framework 7
Statement of the Problem 8
Hypothesis 9
Significance of the Study 10
Scope and Limitations 10
Definition of Terms 11

2 METHODOLOGY OF RESEARCH AND SOURCES OF DATA 13

Research Method 13
Setting of the Study 14
Subject of the Study 16
Sources of Data 16
Research Procedure 17
Statistical Treatment 18

3 PRESENTATION, ANALYSIS AND INTERPRETATION OF DATA 19

Respondent’s Profile in terms of Age, Sex,
Educational attainment, Relationship Status,

vi
 Number of Children, Employment Status,
Work Job, and Monthly Salary. 19

the Personal Financial Management Practices 27

of Working Single Parents in terms of Income Generation,
Spending, Savings, and Protection.

Composite Table of Computed Grand Mean of the 33

Personal Financial Management Practices of Working
Single Parents in Antipolo City in terms
of Income Generation, Spending, Savings, or Protection

4 FINDINGS, CONCLUSIONS AND RECOMMENDATIONS 35

Summary of findings 35
Conclusions 36
Recommendations 37

BIBLIOGRAPHY 39

APPENDICES

A Gantt Chart
B Questionnaire Checklist

CURRICULUM VITAE

vii
 LIST OF TABLES
Table Page
1 Frequency, Percentage and Rank Distribution of the 19
Respondents’ Profile in terms of Age

2 Frequency, Percentage and Rank Distribution of the 20

Respondents’ Profile in terms of Sex

3 Frequency, Percentage and Rank Distribution of the 21

Respondents’ Profile in terms of Educational Attainment

4 Frequency, Percentage and Rank Distribution of the 22

Respondents’ Profile in terms of Relationship Status

5 Frequency, Percentage and Rank Distribution of the 23

Respondents’ Profile in terms of Number of Children

6 Frequency, Percentage and Rank Distribution of the 24

Respondents’ Profile in terms of Employment Status

7 Frequency, Percentage and Rank Distribution of the 25

Respondents’ Profile in terms of Work/Job

8 Frequency, Percentage and Rank Distribution of the 26

Respondents’ Profile in terms of Monthly Salary

9 Obtained Weighted Mean on the Respondent Assessment in the 27

Personal Financial Management Practices of Working Single
Parents in terms of Income Generation

10 Obtained Weighted Mean on the Respondent Assessment in the 29

Personal Financial Management Practices of Working Single
Parents in terms of Spending

11 Obtained Weighted Mean on the Respondent Assessment in the 30

Personal Financial Management Practices of Working Single
Parents in terms of Savings

12 Obtained Weighted Mean on the Respondent Assessment in the 32

Personal Financial Management Practices of Working Single
Parents in terms of Protection

13 Composite Table of Computed Grand Mean of the 33

Respondent Assessment in the Personal Financial
Management Practices of Working Single Parents

viii
 LIST OF FIGURES

Figure Page

1 Conceptual Framework Showing the Personal Financial 7

Management Practices of Working Single Parent
in Antipolo City.

2 Map of Antipolo City, Rizal 15

3 Gantt Chart

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