ADELANTE
Institutional Repository

This research paper examines the relationship between demographic profile and financial well-being. This quantitative research study used purposive sampling and a survey questionnaire to analyze 375 Carbon Market vendors' record keeping, custodial skills for cash, profit, and loss, demographic profile, problems, coping strategies, and financial skills related to income and financial well-being. This study found that most vendors sell various goods (vegetables, meat, fish, fruits, clothes, and accessories). They have been in the carbon market for over three years and rely on others to finance their business. It also highlighted daily income and expenses, common problems, coping mechanisms, and customer behavior. Most respondents still use manual receipt methods and manually keep records of their profits and loss. However, a significant portion expressed concerns about their financial situation, indicating a need for financial education, assistance, and support. Vendors face financial difficulties due to limited financial support and lack of access to credit facilities. Therefore, coping mechanisms such as expense management and securing capital expenses are used to manage their financial difficulties. Calculating net profit is the most common way to obtain a clear net income account, but other methods, such as control inventory and cash flow statements, can also be helpful. There is no statistically significant relationship between financial wellbeing, the kinds of goods the vendors sell, and the number of years being a Carbon vendor.