THE HOUSEHOLD FINANCIAL PLAN OF THE COMMUNITIES AROUND WAT MONGKOL CHAIPATTANA, THE ROYALLY-INITIATED AREA DEVELOPMENT PROJECT, CHALERMPRAKIAT DISTRICT, SARABURI PROVINCE
Article Sidebar
Main Article Content
Abstract
The purposes of this research were to study the financial structure, and financial spending patterns of households in the community around Wat Mongkhon Chaipattana area, in order to develop a suitable financial planning process at the household level. The mixed-method research was used in this study. The research sample consisted of 337 household heads or members of the community around Wat Mongkhon Chaipattana area. The research informants comprised people in the following four groups: 10 people in the community leaders group, 10 people in the community representatives group, 3 people in the academics group, and 3 people in the provincial government officials group. The research instruments were a questionnaire, an interview form, and a focus group discussion form. The data were analyzed using the frequency, percentage, documentary analysis, and content analysis. As the results of this research, an approach for the household financial and budget planning suitable for households in the community around Wat Mongkhon Chaipattana area was obtained. The approach was called the S-A-V-E approach, which had the meaning as follows: S = Smart, which stands for the smart planning that should be specific, measurable, accountable, realistic, and time-bound: A = Attitude, which stands for attitude of the community people that needs to be changed concerning planning on savings and investment: V = Value, which stands for the added value of the savings by investment to increase the value of the savings: and E = Evaluation, which stands for evaluation on a regular basis.
Article Details
I and co-author(s) certify that articles of this proposal had not yet been published and is not in the process of publication in journals or other published sources. I and co-author accept the rules of the manuscript consideration. Both agree that the editors have the right to consider and make recommendations to the appropriate source. With this rights offering articles that have been published to Panyapiwat Institute of Management. If there is a claim of copyright infringement on the part of the text or graphics that appear in the article. I and co-author(s) agree on sole responsibility.
References
Capital Market Knowledge Development Center Capital Market, Development Fund Institute Stock Exchange of Thailand. (2010). Basic Financial Planning. Bangkok: Department of Learning, The Stock Exchange of Thailand Building. [in Thai]
Danasirikul, S. (2002). Retired on the money. Bangkok: S. Asia Place. [in Thai]
Friedman, M. (2008). Theory of the consumption function. USA: Princeton university press.
Gitman, L. J. & Joehnk, M. D. (1999). Personal Financial Planning (8th ed.). USA: Harcourt Brace.
Hallman, G. V. & Rosenbloom, J. S. (2000). Personal Financial Planning. New York: McGraw-Hill.
Huai Bong Sub district Administrative Organization. (2012). Number of households in 2012. Retrieved June 10, 2012, from https://www.huaibong.go.th/condition.php
Inlakorn, S. (2005). Personal Finance. Bangkok: Kasetsart University Press. [in Thai]
National Accounts Office of the National Economic and Social Development Board (National Accounts). (2011). National Accounts. Retrieved June 15, 2012, from https://www.nesdb. go.th/ewt_dl_link.php?nid=5511
Nuntawisai, N. (2009). Comparison of household savings in agriculture and non-agricultural sector. Master of Economics of Management, Srinakharinwirot University. [in Thai]
Prom-in, N. (2011). Savings behavior and factors affecting saving for old age living of farmer households, customers of bank for agriculture and co-operatives. Graduate Research Conference Sukhothai Thammathirat Open University. Phra Nakhon Si Ayutthaya, Thailand.
Ryan, J. S. (2008). Personal financial literacy. USA: Quebecor World Dubuque.
Saetim, S. (2017). Payment gateway: the heart of electronic commerce’s payment system. Panyapiwat Journal, 9(2), 254-266. [in Thai]
Sektrakul, K. (2010). Personal financial planning: when wealthy people. Nation is firm. Retrieved June 10, 2010, from https://www.set.or.th/set/financialplanning/knowledgedetail.do? contentId=535 [in Thai]
Stock Exchange of Thailand and Association of Investment Management Companies. (2012). Saving and Investment. Retrieved June 9, 2012, from https://www.thaimutualfund.com/ AIMC/aimc_basicKnowledge.jsp?pg=4 [in Thai]
Wongchan, R. (2010). Personal Finance Management. Bangkok: Boonsiri Publishing. [in Thai]
