Introduction

A budget is a quantitative expression of a plan for a defined period. It may

include planned sales volumes and revenues, resource quantities, costs and
expenses, assets, liabilities, and cash flows. (CIMA Official Terminology, 2005)
while budgeting is the process of creating a plan to spend your money, whether for
your needs or wants. Budgeting has two (2) types: Good budgeting and Bad
budgeting. Good budgeting is spending less than your earnings as you plan for
your financial goals, while Bad budgeting is spending more than your plan
financial goals.

Society is a group of individuals involved in persistent social interaction or a

large social group sharing the same spatial or social territory, typically subject to
the same political authority and dominant cultural expectations. (Wikipedia, 2019)
We are individuals; we live in a society with our beliefs, culture, norms, tradition,
etcetera. In society, we experience many things, for instance, having a breakdown,
having a rival, having family problems, friendship problems, love life problems,
and even having difficulty financially because of lack of income or lack of
knowledge about budgeting our money.

Pandemic is a global epidemic, an epidemic that spreads to more than one

continent. (Dan Epstein, PAHO) Corona Virus is an example of a pandemic; it
starts in China then, later on, spread to the other part of the world. Therefore, all of
us are suffering from this but, some countries are slowly recovering while the
Phillippines are still trying to recover, and because of that, we need to learn to
manage our money to live and survive this pandemic.