Influence of Homemakers’ Spending Practices and Consumer Credit Use on Family Welfare at Sakumono Estates, Tema
Influence of Homemakers’ Spending Practices and Consumer Credit Use on Family Welfare at Sakumono Estates, Tema
ABSTRACT
This study was conducted to assess how the spending practices and consumer credit use among homemakers at Sakumono Estates in the Tema Municipality influenced family welfare. The specific objectives were to: examine the income and expenditure patterns of homemakers, investigate the management principles applied by homemakers in the use of money, investigate the perception and consumer credit use by homemakers and identify factors that influenced homemakers’ spending practices and credit use. Five null hypotheses were stated. Ho1: There is no relationship between homemakers’ demographic characteristics (age, educational level, marital status, occupation, income status) and spending practices. Ho2: There...