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    Review of Related Literature and Studies

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    Regine Calipusan
    The document reviews literature and studies related to how mothers budget, the benefits of budgeting, and challenges they face. Zero-based budgeting is examined as one of the most effective budgeting methods, where all income is allocated to expenses so that nothing is left over. Mothers typically create budgets and track expenses to gain control over finances and prepare for emergencies. However, mothers face challenges like budgets being too strict, not setting goals, and difficulty sticking to budgets if other family members overspend.

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    Review of Related Literature and Studies

    Uploaded by

    Regine Calipusan
    260 views2 pages
    The document reviews literature and studies related to how mothers budget, the benefits of budgeting, and challenges they face. Zero-based budgeting is examined as one of the most effective budgeting methods, where all income is allocated to expenses so that nothing is left over. Mothers typically create budgets and track expenses to gain control over finances and prepare for emergencies. However, mothers face challenges like budgets being too strict, not setting goals, and difficulty sticking to budgets if other family members overspend.

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    The document reviews literature and studies related to how mothers budget, the benefits of budgeting, and challenges they face. Zero-based budgeting is examined as one of the most effective budgeting methods, where all income is allocated to expenses so that nothing is left over. Mothers typically create budgets and track expenses to gain control over finances and prepare for emergencies. However, mothers face challenges like budgets being too strict, not setting goals, and difficulty sticking to budgets if other family members overspend.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    260 views2 pages

    Review of Related Literature and Studies

    Uploaded by

    Regine Calipusan
    The document reviews literature and studies related to how mothers budget, the benefits of budgeting, and challenges they face. Zero-based budgeting is examined as one of the most effective budgeting methods, where all income is allocated to expenses so that nothing is left over. Mothers typically create budgets and track expenses to gain control over finances and prepare for emergencies. However, mothers face challenges like budgets being too strict, not setting goals, and difficulty sticking to budgets if other family members overspend.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    REVIEW OF RELATED LITERATURE AND STUDIES

    Nowadays, mothers to different budgeting in order to spend wise their


    financial capability. Several budgeting method can be used by people in order to
    provide financial reassurance in spending their money, especially mothers who handle
    finance of the family. In this study, researchers examine how do mothers budget,
    benefits of budgeting, and the relation and impact between zero-based budgeting
    method, and the challenges of mothers in budgeting their money in buying groceries.
    In addition, one of the most effective budgeting method is examined as well. One
    contribution of the study is to show how zero-based budgeting method can be used by
    mothers on buying their groceries efficiently.

    Zero-based budgeting is one of the four methods that can be utilize by people
    in budgeting their money. As indicated by the, CFI Team (2022), Zero-based
    budgeting begins with the assumption that all budgets are zero and must be built from
    scratch. Zero-based budgeting is very tight, aiming to avoid any and all expenditures
    that are not considered absolutely essential to the family operation. This kind of
    bottom-up budgeting can be a highly effective way to “shake things up”. Moreover,
    another meaning of zero-based budgeting is offered by Atypical Finance (2022),
    Zero-Based Budgeting is where the people’s money have in income
    matches exactly what is going out of their account.

    Mothers typically do budget in buying daily essentials. According to Shannon


    (2022), writing down the family total monthly income is the first thing to do, and then
    write down all expenses of the family and categorized them. In order to have a zero-
    based budget, mother must add all of their expenses and subtract them from the
    income to make it equal zero. After these process mothers must begin with listing
    their meal before buying, set aside money for emergency purposes, if the house have a
    extra space that has land, start a garden so that it can produce healthy food for the
    entire family and buy items in bulk so that mothers can cut down the costly per-item
    price of household products (Angela Giles, 2022) added. Carter (2020), says that
    planning for short-term goals involves establishing a financial cushion. Mothers don’t
    want to rely on credit cards for unforeseen expenses.

    Budgeting the family finance wise is one of the job that mothers do and
    managing money helps them to keep on top of their finances. Some of the benefits of
    budgeting according to Kunsman (2021) are; It puts people in control of their money
    by helping them spend intentionally instead of wondering where all their money is
    going or why their never seem to have enough, helps people to see the big picture of
    their finances more clearly so they can make good decisions about what’s most
    important and where they should focus first, and it helps people be prepared for
    unexpected emergencies. Budgeting helps people figure out what they can borrow
    despite their careful planning, there may be times when they will need to borrow
    money on a credit card or via a loan to keep things ticking along Choudhury (2022)
    added.

    According to Zahariadis (2019) mothers face several challenges when it comes


    in budgeting the financial of the family, these are; making their budget too strict and it
    can result a failure, not setting financial goals, and the other one is mothers face
    difficulty in meeting their financial goals and stick to their budget because one of their
    family member is continuing to spend money the way their family always has.

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