The Utilization Behavior of the Remittance-Receiving Families in Cagayan de Oro City

This study determined the utilization behavior of the remittance-receiving households in Cagayan de Oro City. Employing the descriptive research design, it covered the (1) the profile of the household respondents in terms of educational attainment, means/sources of income, length of time receiving remittances, and amount of remittances received; (2) respondents’ utilization of remittances in terms of basic needs, essential needs, luxury, and savings & investments; and (3) the significant difference in the respondents’ utilization of remittances when they are grouped according to educational attainment, means/sources of income, length of time receiving remittances, and amount of monthly remittance received. A researcher-made questionnaire was used as key instrument in collecting the data. In treating the data, the percentage distribution, frequency counts, and Analysis of Variance (ANOVA) were employed. Majority of the respondents graduated from college and earned income from their salaries and wages and they were receiving remittance for 2 to 6 years. The respondents always utilized the money on their basic and essential needs like food, clothing, shelter, home utilities, education, and healthcare. Remittances were never used for personal and home luxuries except for home entertaining systems, personal gadgets, and appliances. The respondents never engaged in any entrepreneurial activities; however they always save money in banks. The test of significant difference showed that there is no significant difference in the utilization of remittances when the respondents are grouped according to amount of remittance received and their means/sources of income. The outcome of the study suggests that the recipient families need to be aware of the programs and trainings to help them avail of the different productive entrepreneurial activities.