Combining Financial-Literacy Training and Text-Message Reminders to Influence Mobile-Money Use and Financial Behavior among Members of Village Savings and Loan Associations: Experimental Evidence from Malawi

We study the impact of a mobile app to record daily financial transactions, coupled with enumerator monitoring visits every two weeks, on youths' investment in financial literacy and financial behavior. The treatment led to a positive and statistically significant effect on financial literacy scores and greater awareness of market prices. Youth in the treatment group experienced significant improvements in access to credit. These effects persist eight months after the intervention is over.

The Effect of Self-Control and Financial Literacy on Impulse Borrowing: Experimental Evidence

SSRN Electronic Journal ◽

10.2139/ssrn.3864924 ◽

2021 ◽

Author(s):

Antonia Grohmann ◽

Jana Hamdan

Keyword(s):

Experimental Evidence ◽

Financial Literacy ◽

Self Control

Effective Financial Decision Aids for Retirement

Compensation & Benefits Review ◽

10.1177/0886368718777580 ◽

2017 ◽

Vol 49 (2) ◽

pp. 102-118

Author(s):

Susan L. Rose ◽

John E. Morrison

Keyword(s):

Financial Literacy ◽

Decision Aid ◽

Financial Training ◽

Decision Aids ◽

Armed Forces ◽

Fiscal Year ◽

National Defense ◽

Review Of The Literature ◽

Literacy Training ◽

Financial Decision

The National Defense Authorization Act for Fiscal Year 2016 directs the Secretaries of the Armed Forces and the Chiefs of Staff of the Armed Forces to provide financial literacy training to Service members at certain critical points throughout their careers, including the transition to retirement. Based on a review of the literature, we find that general financial training is ineffective. More effective are decision aids that provide assistance at the time the decision is being made. This article provides a discussion of what such a decision aid would entail.

An exploratory study of financial literacy training for accounting and business majors

The International Journal of Management Education ◽

10.1016/j.ijme.2015.11.002 ◽

2016 ◽

Vol 14 (1) ◽

pp. 1-7 ◽

Cited By ~ 2

Author(s):

Kirsten M. Rosacker ◽

Robert E. Rosacker

Keyword(s):

Financial Literacy ◽

Exploratory Study ◽

Business Majors ◽

Literacy Training

The influence of demographic factors and financial literacy on the financial behavior

Jurnal Kajian Manajemen Bisnis ◽

10.24036/jkmb.11220500 ◽

2021 ◽

Vol 10 (1) ◽

pp. 33

Author(s):

Agustina Rosa Iriani ◽

Caecilia Wahyu Estining Rahayu ◽

Christina Heti Tri Rahmawati

Keyword(s):

Financial Literacy ◽

Demographic Factors ◽

Financial Behavior ◽

Chi Square ◽

Purposive Sampling

Penelitian ini bertujuan untuk mengetahui (1) pengaruh faktor demografi terhadap perilaku keuangan mahasiswa Fakultas Ekonomi Universitas Sanata Dharma; dan (2) pengaruh literasi keuangan terhadap perilaku keuangan mahasiswa Fakultas Ekonomi Universitas Sanata Dharma. Jenis penelitian ini menggunakan metode survei. Penelitian ini membagikan 100 kuesioner untuk memperoleh data responden. Teknik pengambilan sampel menggunakan purposive sampling. Teknik analisis data yang digunakan adalah analisis crosstabulation dan analisis Chi Square. Hasil penelitian ini menunjukkan bahwa faktor demografi (pekerjaan orangtua, pendidikan orangtua, dan pendapatan orangtua) tidak berpengaruh terhadap perilaku keuangan mahasiswa Fakultas Ekonomi Universitas Sanata Dharma. Sedangkan, literasi keuangan berpengaruh terhadap perilaku keuangan mahasiswa Fakultas Ekonomi Universitas Sanata Dharma. Implikasi penelitian ini, meningkatnya literasi keuangan mahasiswa Fakultas Ekonomi Universitas Sanata Dharma diharapkan dapat meningkatkan perilaku keuangan mahasiswa menjadi lebih baik sehingga mampu meningkatkan kesejahteraannya.Kata kunci: Faktor demografi; literasi keuangan, perilaku keuangan

Some Insights Into Financial Literacy Among Undergraduate Students: A Case of Bosnia and Herzegovina

International Journal of Financial Research ◽

10.5430/ijfr.v12n3p103 ◽

2021 ◽

Vol 12 (3) ◽

pp. 103

Author(s):

Jasmina Okicic ◽

Meldina Kokorovic Jukan ◽

Mensur Heric

Keyword(s):

Undergraduate Students ◽

Financial Literacy ◽

Sampling Technique ◽

Financial Education ◽

Financial Knowledge ◽

Financial Behavior ◽

Financial Attitudes ◽

Significant Difference ◽

Financial Behaviour ◽

The Relationship

The purpose of this research is to provide some insights into financial literacy among undergraduate students focusing primarily on the relationship between financial knowledge, financial attitudes and financial behavior and on possible gender and financial education gap in financial literacy. Using the purposive sampling technique, data collection was carried out from April to June 2020, yielding a sample of 1,046 valid responses. To gain a better understanding of the relationship between financial behaviour, financial attitudes and financial knowledge, we, primarily, use exploratory factor analysis and multiple regression model. The research findings have revealed several important issues. First, findings have suggested that financial knowledge, financial attitudes and gender may be considered as an antecedent of the financial behaviour of undergraduate students. Second, findings have also suggested a statistically - significant difference between the financial literacy of undergraduate students concerning their exposure to formal financial education.

Financial Homo Ignorans: measuring vulnerability to behavioral biases in household finance

10.31234/osf.io/q43ca ◽

2020 ◽

Cited By ~ 1

Author(s):

Kinga Barrafrem ◽

Daniel Västfjäll ◽

Gustav Tinghög

Keyword(s):

Financial Literacy ◽

Household Finance ◽

Well Being ◽

Financial Behavior ◽

Policy Makers ◽

Total N ◽

Behavioral Biases ◽

Finance Management ◽

Item Questionnaire ◽

Application Potential

Understanding systematic differences in sound financial behavior between individuals is a key area for public policy and the possibility to tailor interventions to promote financial well-being. In this paper we develop and validate a concise 12 item questionnaire measuring individual’s vulnerability to behavioral biases in household finance – the Financial Homo Ignorans (FHI) Scale. We conduct two studies with general population samples (total N=2508) and show that the FHI scale can predict behavior in financial tasks such as consumer purchases, loan choices, or investment decisions, also when controlling for demographics, financial literacy and other related constructs. In addition, we show that consumer heterogeneity as assessed by the FHI scale explains the variation in household finance management and financial well-being. The FHI scale has application potential as it can be used by researchers, policy makers, and financial institutions to study the psychological underpinnings of financial behavior and design interventions by targeting individuals who are particularly vulnerable.