Section 15 Financial Health
15.1 HAVE_PLAN
The respondent has a financial plan for unexpected events.
Levels:
- Yes
- No
15.2 ECO_VUL
The respondent is economically vulnerable, meaning their household has been in at least one of the following circumstances in the last six months:
- Gone without enough food to eat
- Gone without fuel to cook food
- Needed a doctor but delayed or went without because of a shortage of funds
- Needed a veterinarian or vet medicine but went without because of a shortage of funds
- Needed fertilizer for the farm but went without because of a shortage of funds
- Needed stock for my business but couldn’t buy any because of a shortage of funds; had to close down temporarily or completely
- Had a child sent home from school because of unpaid school fees
- Had to miss a family or life event (school, work, funeral, wedding, etc.) because couldn’t pay for transportation
Levels:
- Yes
- No
15.3 FIN_SHOCK
Within the last two years, the respondent experienced a shock such as fire, flood, natural disaster, burglary, pests, job loss, death of main income earner, increased cost of agricultural inputs, drop in crop or livestock price, large medical expenses, or family separation.
Levels:
- Yes
- No
15.4 BUDGET_INCOME
The respondent makes a budget to help plan how to spend income.
Levels:
- Yes
- No
15.5 BUDGET_STAY
Whether the respondent makes a budget and whether they stay on budget.
Levels:
- Stay on budget
- Never make budget
- Do not stay on budget
15.6 FIN_HEA*
The following variables are relevant in determining the financial health of respondents.
| Variable | Description |
|---|---|
| FIN_HEA1 | Have goals to achieve for next few months for what they want to achieve with thier money |
| FIN_HEA2 | Have enough money for living expenses |
| FIN_HEA3 | Spend less than what they make each month |
| FIN_HEA4 | Pay bills on time |
| FIN_HEA5 | Have emergency fund for unplanned expenses |
| FIN_HEA6 | Confidence that their income will grow in the future |
| FIN_HEA7 | Earn enough to pay debt and expenses |
| FIN_HEA8 | Friends and family rely on the respondent to help with their finances |
| FIN_HEA9 | Have financial security such as savings or assets that will keep the respondent financially secure in the future |
| FIN_HEA10 | Have skills and knowledge to manage finances well |
Levels:
- Yes
- No
15.7 FIN_SHO*
The following variables indicate whether, in the last 6 months, a respondent’s household has experienced any of the following shortages due to a lack of funds.
| Variable | Shortage |
|---|---|
| FIN_SHO1 | Food: Household has gone without enough food to eat |
| FIN_SHO2 | Cooking fuel: Household has gone without fuel to cook food |
| FIN_SHO3 | Medical care: Household needed a doctor but delayed or went without |
| FIN_SHO4 | Veterinary care: Household needed a veterinarain or vet medicine but went without |
| FIN_SHO5 | Fertilizer: Household needed fertilizer for the farm but went without |
| FIN_SHO6 | Stock for business: Household needed stock for the business but could not buy any, and had to close down temporarily or completely |
| FIN_SHO7 | School fees: Households had a child sent home from school because of unpaid school fees |
| FIN_SHO8 | Missed a family or life event: Household had to miss a family or life event (e.g., funeral, wedding) |
Levels: + Yes + No
15.8 MONEY_SOU*
These variables count the respondents who, in the past 12 months, have earned at least part of their income from a selection of sources:
| Variable | Description |
|---|---|
| MONEY_SOU1 | Sold agricultural products or reared livestock: counts respondents who got money in the last 12 months by selling agricultural products or rearing livestock. |
| MONEY_SOU2 | Received assistance from the government in the past 12 months. |
| MONEY_SOU3 | Received money a relative, friend, or another person in the past 12 months. |
| MONEY_SOU4 | Got money in the past 12 months from ownership of a business, property or assets. |
| MONEY_SOU5 | Got money in the past 12 months from employment by the government |
| MONEY_SOU6 | Got money in the past 12 months from employment in a private business. |
| MONEY_SOU7 | Got money in the past 12 months from a scholarship or stipend from the government or educational institution. |
| MONEY_SOU8 | Got money in the last 12 months from pension |
Levels:
- Yes
- No
15.9 EXPENSE*
Respondents were asked how they would spend extra money left over at the end of the month across several categories.
| Variable | Description |
|---|---|
| EXPENSE1 | Largest expense after paying for basic needs |
| EXPENSE2 | Second largest expense after paying for basic needs |
| EXPENSE3 | Third largest expense after paying for basic needs |
Levels:
- Saving money
- Investing in your existing business
- Repaying any existing debts
- Sending money to other people, including sending regular support money, emergency support, gifts, etc.
- Spending on farm (e.g., lease more land, buy fertilizer or pesticides, buy seeds)
- Buying the family some clothes/something nice for the home
- Buying better food
- Buying more of your usual foods
- Invest in assets like shares, real estate, jewelry
- Entertainment (e.g., movies, restaurants, sport shows, theater, restaurants, clubbing, partying)
- I don’t want to spend on anything else
- Other