Couple financial management system

Abstract

Financial instability amongst couples in Uganda has precipitated a concrete foundation for marriage instabilities instigated by poor financial management practices and planning amongst relationship partners. This report is directed towards justifying a need for a Couple’s Financial Management system that would help minimize financial instabilities amongst married couples in Uganda through better management technical provisions. Previous studies indicate that marital quality among newlyweds, based on findings received from respondents who have been married for less than 24 months, mentioned that the most dissatisfactory factor for marital satisfaction is financial strain. Furthermore, another study based on cross-sectional data indicated that individual and couple financial etiquettes are considered one of the primary reasons for relationship dissatisfaction and may induce divorce. Inclusive in the study, we made use of two data gathering techniques limiting our geographical scope to the Kampala region using interviews and questionnaires to decompose specific components to enable us to justify the need for the proposed system. We administered interviews using a face-to-face approach with questionnaires being administered both physically and using online means. We made use of online analytic software i.e., Google forms, and statistical measures of mean, mode, and median to find key relations within our data. In favor of the earlier assumed narrative based on previous studies, our findings indicated that financial strain is a major contributing factor to couple instabilities and that 61.2% of the participants supported the need for the proposed Couple Financial management system with 33.7% proposing otherwise. It was further discovered that the development of the proposed system would not only try to minimize financial instabilities but also acquaint users of the system with a much-needed financial grasp to help them better manage their finances. In summary, the Couple Financial Management System was developed comprising a variety of much-needed system features that would aid in minimizing financial strain on couples within today’s current social climate. The system is soon to be used but is subject to additional adjustments to provide better financial capabilities, which would comprise payment capabilities from the developer side, benefits, and better system navigation and financial features from a user-side perspective.