Browsing by Author "Bilar, Joshephine Y."

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    Savings mobilization practices of selected indigineous people in La Union
    (Don Mariano Marcos Memorial State University - North La Union Campus, 2010-03) Bilar, Joshephine Y.
    This study was conducted specifically to determine: (1) the savings practices; (2) the factors affecting the savings mobilization and utilization; and (3) the problems in practicing savings mobilization. The data were drawn with the aid of survey questionnaire from the 45 respondents who were selected using purposive random sampling. The descriptive tools like frequency count, percentage rank, and weighted mean were used in the analysis. Results showed that the respondents set a portion of their farm income for savings. They spent primarily for food and education and save purposely for these items. Most of them preferred to save their money in undisclosed places such as closets/cabinets. They strongly agreed that the amount of savings depend on the amount of earnings. They strongly agreed that expenditure is based on the budget or income and the decision to buy depends on the availability of capital at hand. They moderately agreed that it is better to budget a daily income than a monthly income. They disagreed to rely on credit just for spending for things that are not necessary. Furthermore, they strongly agreed that that a portion of their income be saved and that they should forgo spending for some items for savings. They considered inflation and the inadequacy to cater basic needs as the most serious problem and the satisfaction of the luxurious lifestyle as the least. Majority of the indigenous people belonged to the Kankana-ey tribe; were female and married; belonged to the 41-50 years range; had elementary education; with 5-6 household size; had farming as the main occupation; and had monthly income of P4,589.55 generated from rice, vegetables, roots crops, fruits and tiger grass agricultural commodities. Some belonged to the Bago ethnic group. The other respondents were carpenters, construction workers businessman and government employees.