This study investigated the socio-economic effects of COVID19 pandemic on families as well as ways to cope with the negative impacts. The respondents were parents of students enrolled in Lapaz National High School, San Narciso District of Zone 3, DepEd Division of Zambales, Philippines. The study was conducted on the third quarter of the academic year 2020-2021. This study utilized mixed methods of research design. Findings of the study revealed that majority of the parent-respondents are female who married with 4 family members who are bachelor‘s degree holder, self-employed and are low income earners but not poor. They agreed on the impact of COVID-19 pandemic to their economic sufficiency. ANOVA computation showed a no significant difference on the perceived impact of COVID-19 pandemic on the economic sufficiency of the parent-respondents when grouped according to civil status, monthly income, size of family and years as recipients of 4P‘s. There is significant difference on the perceived impact of COVID-19 pandemic on the social upliftment of the parent-respondents when grouped according to years as recipients of 4P‘s.