Financial behavior and financial well-being among household heads of barangay Anonang

Abstract

This study was conducted to determine the relationship between financial behavior and financial well-being among household heads of Barangay Anonang. The study employed quantitative descriptive correlational, utilizing statistical tools such as the mean, standard deviation, Pearson correlation, and regression analysis to analyze the obtained data. We used simple random sampling; this method allows researchers to statistically measure a subset of individuals selected from a larger population group to approximate a response from the entire group. Data collection involved distributing a survey questionnaire to 90 household heads in Barangay Anonang. The result is relatively high financial wellbeing among households in eleven Puroks of Barangay Anonang. It's important to note that this score is on a scale where a higher score represents better financial wellbeing. results revealed that the overall mean of financial behavior is high. Pearson correlation found a strong correlation between the two variables, and regression analysis showed a direct link between financial behavior and financial well-being among the respondents. Implications for this study suggest that the community may promote financial behavior programs, should support financial education initiatives, and financial institutions should offer tailored advisory services.