FINANCIAL MANAGEMENT: UPPER SABANGAN HONG KONG BALIKBAYANS BAGUIO ASSOCIATION (UPSHBBA) BEST PRACTICES ...

Abstract: This study intends to develop a budget allocation model using the Association Budget Planner to avoid the threat of mismanagement of the available budget. By implementing sound financial planning and leveraging the markup strategy, UPSHBBA successfully navigated the challenges of bankruptcy, ultimately revitalizing its financial standing. The pivotal tool in this transformation was the application of the 50/30/20 rule for budget allocation. Based on the initial findings and conclusions, it is advisable to incorporate an annual budget allocation within the association's strategic plan... Mehr ...