Philippine Copyright 2018 By the Author And the Bachelor of Science in Business Administration Department Bulacan State University-Sarmiento Campus All rights reserved

Philippine Copyright 2018
By the Author
And the
Bachelor of Science in Business Administration Department
Bulacan State University-Sarmiento Campus
All rights reserved. Portions of this manuscript may be reproduced with proper referencing
And due acknowledgement of the author.4 P’S AMONG STUDENTS IN BULACAN STATE
UNIVERSITY AND ITS IMPLICATIONS TO PERSONAL
FINANCES
A Thesis
Presented to the Faculty of Bachelor of Science in Business Administration Department
Bulacan State University-Sarmiento Campus
San Jose Del Monte, Bulacan
In Partial Fulfillment of the Requirements for the Degree of Bachelor of Science in Business Administration Major in Financial Management
By
Jem Perrine P. PalomoOctober 2018
TABLE OF CONTENTS
Chapter 1 THE PROBLEM AND ITS BACKGROUND Page
Introduction……………………………………………………………………… I
Background of the Study………………………………………………………. II
Theoretical Framework………………………………………………………… III
Conceptual Framework………………………………………………………… IV
Statement of the Problem……………………………………………………… V
Scope and Delimitation of the Study………………………………………….. VI
Significance of the Study………………………………………………………. VII
Definition of Terms……………………………………………………………… VIII

Chapter ITHE PROBLEM AND ITS BACKGROUND
Introduction
The researchers chose this topic because the researcher wants to know how does the 4 P’s or Pantawid Pamilyang Pilipino Program members of Bulacan State University implies it to their personal finances. Over 1.8 million beneficiaries receive Php2400 each to offset effect of tax return. Under the Department of Social Welfare and Development (DSWD) unconditional cash transfer program, a beneficiary receives Php200 per month in 2018. They receive that kind amount of money and the researcher wonders how will they use that money for their personal finances.

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Not all of us can be a member of 4 P’s unless you reach the qualification for that. In Bulacan State University there are Lot of 4 P’s members. Many of us did not know how the student of Bulacan State University spend their allowance that the government gave to them. Base on the researcher’s experienced not all of the 4 P’s members are qualified for the slot because sometimes they deceive the requirements. But after all the researcher wants to know how the 4 P’s members in Bulacan State University will imply it to their personal finances.

Some of the 4 P’s or Pantawid Pamilyang Pilipino Program members has a big family that cannot support their children that is why the former President Benigno Aquino III and his cabinet members focused on the project, which was the 4 P’s, to help his countrymen to live life more easily, and that money will be a great help for their expenses at home like the rent, if ever, the food, the bills that they need to pay like electric bill and water bills and for their children, to support them in school.

This study is about the students of Bulacan State University that are member of4 P’s or Pantawid Pamilyang Pilipino Program and its implication to their personal finance, does the students spend it with their tuition fees, money for school to buy some food and other things needed in school or in their personal things like make up, clothes, and shoes are they using it to treat their friend or are they saving the money for future.

There are lot of reasons beside this, that was why this research was conducted. The researcher wants to know how the 4 P’s or Pantawid Pamilyang Pilipino Program in Bulacan State University implies the money they get from the government to their personal finances.

This study about 4 P’s or Pantawid Pamilyang Pilipini Program aims to determine the impact of the program and effect of the barangay and beneficiaries to the student in Bulacan State University implies to their personal finances.

People who suffer poverty are mostly the unemployed people, the elders, the uneducated and the working poor. Some people have may experience lack of income, work goods and help from the government some of them may have jobs but still earning is not enough to sustain the needs for the whole family to a certain period of time.

The researcher wants to know the partnership with the commission on higher education, the Department of Labor Employment, and the Philippine Association of State Universities and colleges on it to their personal finances. 4 P’s or Pantawid Pamilyang Pilipino Program has enrolled 36,003 beneficiaries in state universities and college as June 2015.

Additionally the study has a partnership with Phil health the 4 P’s covered 44 million beneficiaries under the National Health Insurance Program.

Many families are left deprived of their basic needs, so therefore they forced their children to stop going to school and help them instead in their livelihood because the pressure of life. So that the Philippine government initiated a program called the 4 P’s have a commitment to the Millenium Development Goals or MDGs.

The 4 P’s member, it requires the indigence of the family, the capability of their job to support the needs and commodities through interview of the government employees or staff. Some families do not receive the exact money.

The importance of a having a personal finance is to know how to handle or manage the money that is given to the family who is member of 4 P’s or Pantawid Pamilyang Pilipino Program.
Finances is one of the most important thing that parents must consider in order to live and to have a better life for their children. This research is conducted to determine how the 4 P’s or Pantawid Pamilyang Pilipino Program recipients budget the money they receive and how it affects the academic Performance of their children depending on their personal finances.

To emphasize the importance and improvements to a effective the 4 P’s or Pantawid Pamilyang Pilipino Program on the finances to help other Filipinos, especially students or children to give them opportunity to learn and the education they deserve.

Background of the Study
The 4 P’s Pantawid Pamilyang Pilipino Program now operates in 17, regions, 79 provinces and 1,484 municipalities and 143 key cities covering 4,090, 667 household beneficiaries as of June 25, 2014. 4 P’s or Pantawid Pamilyang Pilipino Program is a human development measure of the national government that provides conditional cash grants to the poorest of the poor, to improve the health, nutrition and to help the education of the students. The 4 P’s or Pantawid Pamilyang Pilipino Program beneficiaries each received as much as 2400, from the Department of Social Welfare Development (DSWD) under a program that seek to offset the effect of the tax reform law.

The Conditional Cash Transfer (CCT) program aims to reduce poverty by making welfare programs conditional upon the receiver’s actions. The Government only transfer the money to persons who meet certain criteria. The 4 P’s or Pantawid Pamilyang Pilipino Program is implemented by the Department Social Welfare Development (DSWD), with the Department of Health (DOH), the Department of Education (DOE) and the National Economic and Development Authority (NEDA) as partners.

This 4 P’s or Pantawid Pamilyang Pilipino Program households receive cash grants if children stay in school and get regular health check-ups, have their growth monitored and received vaccines. Pregnant women must get pre-natal care, with their births attended to by professional health workers. Parents or guardians are required to participate in monthly community-based Family Development sessions to learn about positive child, discipline, disaster, preparedness, and women rights.
It is a conditional cash transfer program known as PantawidPamilyang Pilipino Program (4P’s) that had started in 2008 inspired by the successes of similar  programs in Latin American countries such as Bolsa Familia in Brazil Familias en Accion in Colombia and OPORTUNIDADES in Mexico (Defensor, 2010).
Mexico OPORTUNIDADES apart from education and health cash grants are accompanied by cash transfers for food and fare with clearly while in Brazil, Bolsa Familia is a part of a larger economic and social protection scheme compose of “complementary action” and services to poor families. Among the significant complementary activities are employment creation, provision of income-generating activities, and impairment of housing conditions (Briones, 2010). The 4 Ps is more than a welfare program: it addresses the structural inequities in society and promotes human capital development of the poor, thus, breaking the intergenerational cycle of poverty. The conditions attached to the grants require parents to undergo trainings on responsnbible parenthood, have their children undergo health checkups and ensure school attendance (Defensor, 2010).

In the Philippine government’s version of the conditional cash transfer in the provision in cash grants for education and health activities, poor families need to comply with a set of conditionality’s such as ensuring school attendance of children, regular visit to health centers for immunization preventive health checkups and maternal care and the program last for 5 years household-beneficiaries (Briones, 2012). These programs are in important relief in measure because many poor Filipinos are desperate to survive these trying times and it seems that 4 P’s is like a magic bullet for poverty reduction. It was designated to address issues on maternal mortality and child mortality, and as well as keep children in school for five years but these vulnerable groups like senior citizens, chronically sick and disabilities people. Some of the beneficiaries are not contented in the cash grants that they received even though it reveals that most of them expressed gratitude that with the cash grants, the health and education status of their families were improving, thus, they need jobs. This program was supported by the local government in the contribution to the Pantawid Pamilya. They said that they will continually work to find ways on how they can improve the program and they will provide tighter mechanisms to get views and recommendations on the program.

According to Tabema (2012), 4 P’s is a conditional cash transfer program of the government that had started in 2008. Very poor families who had children below 14 years of age are given 500 pesos for health and nutrition expenses while they receive 300 pesos for each child, a maximum of three, for their educational expenses. Most of the beneficiaries receive 1,400 pesos per month, for they maximize the 3 children limit of the 4 P’s. In the eyes of a man who has access to the internet to read this, the middle-class or higher class of Filipinos, 1,400 per month is quite small, and may provide little, if any help, in the perspective of the not-poor sector of the society.
The Pantawid Pamilya is a conditional cash transfer (CCT) program which provides cash to beneficiary households, subject to compliance with program conditionalities. The Pantawid Pamilya is targeted at chronic poor households with children aged 0-14 years who are located in poor areas. The cash grants range from P500 to P1,400 per household per month, depending on the number of eligible children.3 To qualify for the grants, beneficiary households must undertake certain activities that are meant to improve the children’s health and education such as visiting health centers regularly, sending the children to school. The Pantawid Pamilya does this by complementing supplyside interventions of other line agencies such as the Department of Education (DepEd) and Department of Health (DOH) in addressing lagging human development outcomes. Since its inception in 2007, the Pantawid Pamilya has expanded at a rapid pace and now covers about 30 percent of the Philippines’ eligible poor households. Following the pilot program conducted at the end of 2007 in which the household targeting system and basic operation of the Pantawid Pamilya were tested the Pantawid Pamilya was scaled up in March 2008 as a response to the food and fuel price shocks and global financial crisis. The Pantawid Pamilya has undergone two more phases of expansion since then. By January 2011, the program had about 1 million beneficiary households, making the Pantawid Pamilya one of the largest social protection programs in the Philippines. The massive scale-up was made possible by pooling resources from the government and the World Bank. The World Bank and Australian Agency for International Development (AusAID) provided considerable technical assistance. Subsequent phases have also been supported by the Asian Development Bank (ADB) in coordination with the Government, World Bank, and AusAID.5 In 2011, the Pantawid Pamilya aims to cover 2.3 million beneficiary households, or almost 60 percent of the poor households in the Philippines. https://l.facebook.com/l.php?u=http%3A%2F%2Fdocuments.worldbank.org%2Fcurated%2Fen%2F313851468092968987%2Fpdf%2F628790BRI0Phil0me0abstract0as0no010.pdf;h=AT3QGqgNZqioVQsTaF6yotcVL8MYAhWxjwkFe1e-z3_Fjn2u4E__c0faYV6XWQsZJ_pqHLkhEJ1lDN3YQGC9Z_SfTSpqIZb3hfEqHLpiz_XYi5_fD-ta28tG8F8kdgRQVJ-uSince the 4 P’s has implementation in 2007, the program started to yield the positive result to help families with have no interest in life. (Santiago 2010).

In San Jose del Monte Bulacan for example, the 4 P’s of Bulacan State University college school enrollment has increased by 15 %. Moreover, the students in Bulacan State University covered by 4 P’s have higher attendance compared the general population of students in school.

Several studies backed up these initial finding. The results of recent evaluation studies in 4 P’s revealed that it has no significant negative impact on work effort of household consumption of educated-related goods.

(Tutor 2014) stated the households increased their consumption of education-related goods,, which are goods required for continued program participation.

Theoretical Framework
Conceptual Framework
214429727686000139456276616009207527622500
226758539046OUTPUT
Response from the 4 P’s members to the students that implies personal finances
00OUTPUT
Response from the 4 P’s members to the students that implies personal finances
28277026035PROCESS
The researcher will use Survey
00PROCESS
The researcher will use Survey
-175768030480INPUT
Name
Age
Gender
Year/Section
Years of being member of 4 P’s
Amount they receive
00INPUT
Name
Age
Gender
Year/Section
Years of being member of 4 P’s
Amount they receive

18970334606700-13843011747500
Figure 1. Conceptual Framework
The inputs demographic profile omf the respondents in terms of name, age, gender, year/section, years of being of 4 P’s and aount they receive. By the process of survey form to get the overall output of the study this is the response from the 4 P’s members to the students that implies their personal finance.hStatement of the Problem
This study was conducted to know how 4 P’S Among Students in Bulacan State University and Its Implications to Personal Finances. Specifically the study sought to answer the following questions:
How may the demographic profile of the respondents describe in terms of?
Name
Age
Gender
Year and Section
Years of being member of 4 P’s
Amount they receive
How may the respondent perception describe on 4 P’s?
Significance
Benefits
How many the 4 P’s member’s student of Bulacan State University implies the money they get from government to persona finances?
Is there an obvious challenge’s that the respondent face on budgeting the money from 4 P’s?
If yes, how the respondents manage the challenges?
Scope and Delimitation of the Study
This research is not limited for the gender because all kind of person can be part of 4 P’s or Pantawid Pamilyang Pilipino Program. Gender is not a problem just because you are gay, bisexual, lesbian, or transgender as long as you are qualified in all the requirements given to be a member of 4 P’s or Pantawid Pamilyang Pilipino Program this study is not limited to age because we need to understand it more especially the youths for them to study hard, work hard because a Philippines without 4 P’s or Pantawid Pamilyang Pilipino Program means we are settle and can stand alone by ourselves. The students of Bulacan State University will be the most important here, especially to those students who are member of 4 P’s or Pantawid Pamilyang Pilipino Program and they will the respondents of this research. They will answer and the questions given in the survey questionnaire or in interview.

This study will be deliminated to the people who not 4 P’s members because the researchers priority will be the student of Bulacan State University that are member of Pantawid Pamilyang Pilipino Program or 4 P’s and Its implications to their finances.

To make it short this research is not limited to gender, age and to the students of Bulacan State University, but will be deliminated to the people that are not member of 4 P’s or Pantawid Pamilyang Pilipino Program.

Significance of the Study
This study will benefit the students, parents, school, community and future researchers. Everyone must to know how the 4 P’s or Pantawid Pamilyang Pilipino Program members budgeting the money to get personal finances.

The most affected in this research is the students and this study will help them to be more aware about 4 P’s or Pantawid Pamilyang Pilipino Program and how they can implement it to their personal finances.

The parents will benefit from the result of this study where in he/she can understand what are the strategies they can give to their children.

Moreover, the school could again insight on this study, It would understand that they need to open their minds in this kind of situation on how they will able to help the students.

The finding of the study could be very useful to the community, this study hope to awaken the state of consciousness of the people to avoid uncontrolled implications in their personal finances of 4 P’s or Pantawid Pamilyang Pilipino Program specially to the students.

Lastly, the result of this study will enable the future researchers.

Definition of Terms
Beneficiary- is the person or entitled to receive the claim amount and other benefits upon the benefactor or on the maturity of the policy.

Personal Finances- refers to how you manage your money, including your income, expenses and savings.

Expenses- may be in the form of actual cash payments, a computed expired portion of an asset, or an amount taken out of earnings.

Tax Return- standard form provided by the tax authorities on which a taxpayer reports, taxable income with permitted deductions and exemptions, and computes his or her tax liability.

Requirements- a quality or qualification that you must have in order to be allowed to do something or to be suited for something.

Partnership- is a formal arrangement in which two or more parties cooperate to manage and operate a business.

Deprived- to take away from and especially something that is usually considered essential for mental or physical.

Commodities- a reasonably interchangeable good or material, bought and sold freely as an article of commerce.

Needs- a something that is necessary for an organism to live a healthy life.

Capability- the quality or state of being capable.

Hypothesis
The target of this study is some of the student because in all poor households nationwide, the education component alone could lift 31. 1 % of poor households out of poverty and decrease the national poverty gap measure by 52.5 %. This study claims that since the 4 P’s has targeted the poor areas, the impact would be much larger.

The 4 P’s is seen to have great potential in increasing educational attainment and improving nutrition and health outcomes based on the experience of other countries who have implemented the CCT or Conditional Cash Transfer. One of the problem of this study is the educational system that the 4 P’s expected increasing the dropout rates in the students. The program of the other countries have been successful to achieving the higher enrollment rates.