ST.
MARY’S COLLEGE OF BANSALAN, INC
( Formerly: Holy Cross of Bansalan, College, Inc. )
Dahlia Street, Poblacion Uno, Bansalan, Davao del Sur
Nurturing F aith, Building E xcellence & Developing S ervice
Dear Respondents,
Praised be Jesus and Mary!
We are the third-year students from the Bachelor of Science in Business
Administration major in Financial Management at St. Mary’s College of Bansalan.,
currently working on our research paper titled “LEVEL OF DEBT MANAGEMENT
AMONG HOUSEHOLDS IN THE ADOPTED COMMUNITY OF ST. MARY’S
COLLEGE OF BANSALAN, INC.”. The primary aim of this study is to assess the
level of debt management among households in the adopted community of St.
Mary’s College of Bansalan, Incorporated.
In view of this, an adopted questionnaire will be used to gather information for the
study. Your participation in answering this questionnaire is crucial to the success of
this study. Without your input, the research cannot be fully accomplished. We kindly
ask you to respond with honesty. Rest assured that your identity and the information
you provide will be kept strictly confidential. Thank you for your time and willingness
to help.
Respectfully yours,
ANGEL MAE SALAHAG
DESA MAE ANDRAQUE
ALEXSANDRA MORTES
REYNIEL ACE
MADELO
Part I. SOCIO- DEMOGRAPHIC PROFILE :
Please provide the following demographic information. for analysis purposes.
Name(optional):________________________
Age: 18 - 24 years old 25 - 44 years old
45 - 59 years old 60 and above
Gender : Female Male
Prefer not to say
Civil Status: Single Married
Separated Widowed
Prefer not to say
Employment Employed Self-employed
Status:
Unemployed
Monthly Gross Below ₱ 10,000 ₱ 10,001 - ₱ 20,000
Income:
Above ₱ 20,000
Part II: DEBT MANAGEMENT
Directions: Rate the following statements based on your utmost knowledge. Please
check [√] the box that corresponds to your answer. Use the legends below as your
guide.
5- Always
4- Often
3- Sometimes
2- Rarely
1-Never
SELF-DISCIPLINE 5 4 3 2 1
1. Before taking on any new debt, I read and understand the terms
and conditions.
2. I avoid borrowing money to fund my discretionary purchases
or luxuries.
3. I prioritize paying off high-interest debts first to minimize interest
costs.
4. I prioritize debt payment over discretionary spending to reduce
my overall debt burden.
5. I borrow money with a clear payment plan.
6. Debt settlement is the first option to negotiate with creditors and
lower the total amount owed, empowering me to regain control of
my finances.
7. I actively prioritize financial awareness, making informed
decisions to maintain healthy debt levels and financial stability.
8. I budget and allocate a portion of my income towards monthly
debt repayment.
9. I proactively manage my debt by clearing payday loans and
high-interest short-term borrowing, ensuring I stay on track
with my financial goals.
10. I prioritize paying my debt in full each month to avoid
occurring interest.
FILIPINO CULTURE
1. I feel a culture obligation to financially support family members,
even if it means going into debt.
2. I often feel pressured to lend money or provide financial
assistance to others due to cultural expectations surrounding
“utang na loob” (debt of gratitude), even when it burdens my
financial situation.
3. I feel guilty when I am unable to provide financial support
to family members due to my financial limits or debts.
4. I feel like I have to buy things from my favorite shop/my favorite
“suki,” even if it means spending more than I should or getting
into debt.
5. I often need clarification about my ability to repay my debt.
6. I need help prioritizing debt management by spending money
on immediate wants or pleasures rather than saving or
investing for the future.
7. I feel a cultural obligation to financially support extended
family members, even if it means sacrificing my financial
stability.
8. I feel trapped in a cycle of providing financial assistance to
others out of a sense of obligation.
9. I borrow money or apply for a loan to splurge on food and
entertainment expenses during holidays, fiestas, or significant
gatherings.
10. The culture of “palusot” (making excuses or
rationalizations) has hindered my ability to take responsibility
for my financial decisions and address my debts proactively.