Raising a Child with Autism: Expenditures and Financial Management among Parents in a Highly Urbanized Community
Shine Alynna Cuyong
*
College of Business and Technology, Iloilo Doctors’ College, Iloilo, Philippines.
Isabelle Donato
College of Business and Technology, Iloilo Doctors’ College, Iloilo, Philippines.
Cathleen Lou Jaena
College of Business and Technology, Iloilo Doctors’ College, Iloilo, Philippines.
Abhegail Catangcatang
College of Business and Technology, Iloilo Doctors’ College, Iloilo, Philippines.
Rodney Ember Lavente
College of Business and Technology, Iloilo Doctors’ College, Iloilo, Philippines.
Kristine Joy Naciongayo
College of Business and Technology, Iloilo Doctors’ College, Iloilo, Philippines.
Mea Marie Tunggak
College of Business and Technology, Iloilo Doctors’ College, Iloilo, Philippines.
Cirilo Solas III
College of Business and Technology, Iloilo Doctors’ College, Iloilo, Philippines.
*Author to whom correspondence should be addressed.
Abstract
Introduction: This study examines the financial challenges experienced by parents raising children with Autism, particularly the increasing costs associated with healthcare, therapy, education, and daily needs. It aimed to determine the expenditures and financial management utilized by parents raising children with autism in Iloilo City.
Methods: A descriptive quantitative-comparative research design was employed, involving selected parents residing in Iloilo City, with data collected through a validated researcher-made questionnaire; ethical clearance was sought prior to data gathering.
Results: The results showed that parents faced a moderate financial burden, mainly due to healthcare and developmental costs, and coped by prioritizing their child’s needs, adjusting expenditures, and finding extra income, though support access was limited. These findings indicate that although parents demonstrate resilience and proactive financial management, gaps in external support systems contribute to continued financial strain.
Recommendation: It is recommended that parents enhance financial literacy and planning through budgeting, private institutions provide financial support, and future researchers broaden the scope and conduct long-term studies to improve understanding and support systems. The findings provide valuable insights for improving policies, services, and support for families raising children with autism.
Conclusion: Overall, the study concludes that while parents raising children with autism demonstrate effective financial management strategies and resilience despite high demands, there remains a clear need for improved financial and institutional support systems. The results also show no significant differences in the strategies used based on educational attainment, employment status, family income, and financial assistance, indicating that parents use similar approaches regardless of their background.
Keywords: Autism, financial management, caregiving burden, support system.