Financial Management Strategies Adopted by Homemakers in Post-Pandemic Era
This study examined strategies that homemakers adopted in financing family needs in post-pandemic era. The study was carry-out in Aba North Local Government Area (L.G.A) of Abia State, Nigeria. The researchers adopted descriptive survey research design. Purposive and simple random sample technique w...
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| Format: | Article |
| Language: | English |
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Department of Home Economics & Hospitality Management Education, University of Nigeria, P.M.B. 41001, Nsukka, Nigeria.
2022-12-01
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| Series: | International Journal of Home Economics, Hospitality and Allied Research |
| Subjects: | |
| Online Access: | https://www.ijhhr.org/second-issue-/10-57012ijhhr-v1n2-018/ |
| _version_ | 1797422475656560640 |
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| author | Amarachi Igwe Titus Akpan |
| author_facet | Amarachi Igwe Titus Akpan |
| author_sort | Amarachi Igwe |
| collection | DOAJ |
| description | This study examined strategies that homemakers adopted in financing family needs in post-pandemic era. The study was carry-out in Aba North Local Government Area (L.G.A) of Abia State, Nigeria. The researchers adopted descriptive survey research design. Purposive and simple random sample technique was used to select 240 Homemakers from 6 communities in Aba North L.G.A. The data was obtained using a structured questionnaire . The questionnaire consists of ten-item statements with two clusters. Three experts validated the questionnaire (internal consistency value=0.94). Direct contact method to was used to collect data from the participants. Means and standard deviation was used to answer the research questions while hypotheses was tested with t-test at 0.05 level of significance. Some of the findings include that: homemakers prefer buying items in the market, planned spending habit, spent money within the limit of family income, family needs were always arranged according to their priority, and homemakers depended mainly on homemade food. The tested hypotheses indicate that there is no significant difference in the mean ratings of homemakers and their husbands in the income and saving management strategies adopted. It was therefore recommended that homemakers should adopt relevant and appropriate financial management strategies suitable for their income levels. |
| first_indexed | 2024-03-09T07:32:50Z |
| format | Article |
| id | doaj.art-ffafe8426b0b41c3b674b14c82d79e47 |
| institution | Directory Open Access Journal |
| issn | 2971-5121 |
| language | English |
| last_indexed | 2024-03-09T07:32:50Z |
| publishDate | 2022-12-01 |
| publisher | Department of Home Economics & Hospitality Management Education, University of Nigeria, P.M.B. 41001, Nsukka, Nigeria. |
| record_format | Article |
| series | International Journal of Home Economics, Hospitality and Allied Research |
| spelling | doaj.art-ffafe8426b0b41c3b674b14c82d79e472023-12-03T05:59:49ZengDepartment of Home Economics & Hospitality Management Education, University of Nigeria, P.M.B. 41001, Nsukka, Nigeria.International Journal of Home Economics, Hospitality and Allied Research2971-51212022-12-011235236010.57012/ijhhr.v1n2.018Financial Management Strategies Adopted by Homemakers in Post-Pandemic EraAmarachi Igwe0Titus Akpan1Department of Home Economics and Hospitality Management Education, University of Nigeria, P.M.B. 41001, Nsukka, Enugu State, NigeriaDepartment of Agricultural and Home Science Education, Michael Okpara University of Agriculture, Umudike, P.M.B. 7267, Abia State, NigeriaThis study examined strategies that homemakers adopted in financing family needs in post-pandemic era. The study was carry-out in Aba North Local Government Area (L.G.A) of Abia State, Nigeria. The researchers adopted descriptive survey research design. Purposive and simple random sample technique was used to select 240 Homemakers from 6 communities in Aba North L.G.A. The data was obtained using a structured questionnaire . The questionnaire consists of ten-item statements with two clusters. Three experts validated the questionnaire (internal consistency value=0.94). Direct contact method to was used to collect data from the participants. Means and standard deviation was used to answer the research questions while hypotheses was tested with t-test at 0.05 level of significance. Some of the findings include that: homemakers prefer buying items in the market, planned spending habit, spent money within the limit of family income, family needs were always arranged according to their priority, and homemakers depended mainly on homemade food. The tested hypotheses indicate that there is no significant difference in the mean ratings of homemakers and their husbands in the income and saving management strategies adopted. It was therefore recommended that homemakers should adopt relevant and appropriate financial management strategies suitable for their income levels.https://www.ijhhr.org/second-issue-/10-57012ijhhr-v1n2-018/covid-19 pandemicfinancial managementhomemakerhusbandspost pandemic |
| spellingShingle | Amarachi Igwe Titus Akpan Financial Management Strategies Adopted by Homemakers in Post-Pandemic Era International Journal of Home Economics, Hospitality and Allied Research covid-19 pandemic financial management homemaker husbands post pandemic |
| title | Financial Management Strategies Adopted by Homemakers in Post-Pandemic Era |
| title_full | Financial Management Strategies Adopted by Homemakers in Post-Pandemic Era |
| title_fullStr | Financial Management Strategies Adopted by Homemakers in Post-Pandemic Era |
| title_full_unstemmed | Financial Management Strategies Adopted by Homemakers in Post-Pandemic Era |
| title_short | Financial Management Strategies Adopted by Homemakers in Post-Pandemic Era |
| title_sort | financial management strategies adopted by homemakers in post pandemic era |
| topic | covid-19 pandemic financial management homemaker husbands post pandemic |
| url | https://www.ijhhr.org/second-issue-/10-57012ijhhr-v1n2-018/ |
| work_keys_str_mv | AT amarachiigwe financialmanagementstrategiesadoptedbyhomemakersinpostpandemicera AT titusakpan financialmanagementstrategiesadoptedbyhomemakersinpostpandemicera |