"EVERY PESO COUNTS": BUDGETING STRATEGIES OF SINGLE INCOME HOUSEHOLD VS. DUAL INCOME HOUSEHOLD IN SELECTED BARANGAY IN BALAYAN

This study compares the budgeting strategies of single-income and dual-income households in selected barangays in Balayan. Using a quantitative comparative research design and purposive sampling, the study surveyed 196 single-income and 196 dual-income households, all of which own a home, have two children enrolled in public school (from elementary to senior high school), and earn a monthly salary ranging from Php 10,957 to Php 21,914. Data were collected through face-to-face surveys and analyzed using statistical methods. The findings reveal no significant difference in budgeting strategies between two household types, although educational attainment and monthly income do influence financial management. The study proposes an action plan to improve budgeting practices, focusing on financial literacy, income and expense management, and the establishment of an emergency fund. The study’s implications extend beyond Balayan, Batangas, offering valuable insights for other barangays in Balayan aiming to improve their budgeting strategies.