The Financial Management of the Household in Fa Yat Subdistrict, Mahachanachai District, Yasothon Province.

Abstract

                 The purposes of this research were to study about people’s opinions on financial management of the household in Fa Yat Sub-district, compare with people’s financial management of the household classified by individual’s factors consisted of sexes, ages, education, incomes, occupations, household family members. The study also aimed to  recommend people’s financial management of the household in Fa Yat Sub-district, Mahachanachai District, Yasothon Province. The study adopted the quantitative research method since the main instruments used was questionnaire. Two thousand nine hundred and forty three families had participated in the research, which residing in Fa Yat Sub-district, Mahachanachai District, Yasothon Province. Stratified random sampling was applied to total 352 sampling group according to the amount of households in each village and simple random sampling according to ratio. The instrument used to collect data was a questionnaire the data were analyzed by descriptive statistics by frequency distribution, Percentage, mean Deviation, standard deviation and test the hypothesis using t-test statistics and one-way analysis of variance.              

                 The results of this research found that : 1)  Most of the heads of households consisted of 186 males, ages between 41-50 years old were 121. 168 subjects were educated at primary level. 178 people earned not more than 10,000. 156 of them were having agricaultural related jobs while 120 families had about 4-5 members. 2)  Considering the financial management of the household of each category found that the household planning were rated highest while saving ranked the second. Debt management was rated the third.  Problems and difficulties in financial management the household in fa yat sub-district 1) Savings management  people who are experiencing income problems can not find a source of income from their main careers. As a result, no monthly income savings.  2) Financial Planning management the lack of knowledge and understanding of good household financial management. There are no agencies or resources to educate or promote the financial management plan and the public does not care about the benefits of the financial management plan.  3) Debt management people do not have income management each month this results in no debt payment. There is no money allocated to repay the debt.  The result is a new loan to repay the old debt or to earn a debt when it is near the limit.  Suggestion in financial management the household in fa yat sub-district 1)  Savings management  should have vocational training to increase income and educate people about saving money so everyone is involved and the importance of household savings.  2)  Financial Planning management it should educate people to make financial plans in a simple way. There are always agencies or supporters who keep track of the results.  3) Debt management it is important to have a household debt assessment.  And to have an agency or organization to educate troubleshooting tips Finding low interest loans  in case of borrowing from high interest source.

Keywords :  Financial Management,  Household,  People