Financial Literacy among Turkish College Students: The Role of Formal Education, Learning Approaches, and Parental Teaching

2014 ◽  
Vol 115 (2) ◽  
pp. 351-371 ◽  
Author(s):  
Elif Akben-Selcuk ◽  
Ayse Altiok-Yilmaz
Keyword(s):  
College Students ◽  
Financial Literacy ◽  
Financial Management ◽  
Formal Education ◽  
Learning Approaches ◽  
Turkish University Students ◽  
Literacy Survey ◽  
Deep Approach To Learning ◽  
Literacy Scores

This study assessed financial literacy and its correlates among Turkish college students, with special emphasis on the role of formal education, learning approaches, and parental influences. Financial literacy was measured by the College Student Financial Literacy Survey, which assesses knowledge in four areas: general financial management, saving and borrowing, insurance, and investing. 853 Turkish university students were administered the survey (416 men, 437 women; M age=20.3 yr., SD=0.6). The mean percentage of correct responses was 45% (SD=12.8%). Regression results showed that formal finance education in college, a deep approach to learning, and direct financial teaching by parents were significantly associated with higher financial literacy scores.

scholarly journals STUDENTS’ CONFIDENCE IN THEIR FINANCIAL MANAGEMENT ABILITIES: THE ROLE OF SOCIO-DEMOGRAPHIC CHARACTERISTICS AND EDUCATION

2014 ◽  
Vol 58 (1) ◽  
pp. 108-117
Author(s):  
Francka Lovšin Kozina ◽  
Nina Ponikvar
Keyword(s):  
Financial Literacy ◽  
Educational Level ◽  
Financial Management ◽  
Formal Education ◽  
Female Students ◽  
Business Studies ◽  
Management Capability ◽  
Faculty Of Education ◽  
The Impact

The aim of this study was to investigate the impact of gender, age, parent’s education, scholarship and students’ education on students’ confidence in their financial management capability and knowledge. In the research, 259 students participated from two different faculties – the Faculty of Education and the Faculty of Economics. This investigation has revealed that the likelihood of students’ confidence in their financial management capability and knowledge is significantly smaller for students who do not specialize in economics or business studies, and for female students. The likelihood of confidence in their financial management capability and knowledge also statistically significantly increases with the father’s educational level, but, interestingly, not with the mother’s. The results also showed, although it is not statistically significant, that students on scholarships on average express a higher confidence in their financial management capability and knowledge. Therefore, the adequacy of the current educational policy (formal and non-formal education) should be considered. Key words: confidence, education, financial literacy, money management, perception.

Serving Nontraditional Students

2015 ◽  
pp. 106-128
Author(s):  
Dianna L. Newman ◽  
Meghan Morris Deyoe ◽  
David Seelow
Keyword(s):  
College Students ◽  
Second Language ◽  
Adult Learners ◽  
Formal Education ◽  
Writing Skills ◽  
Skills Transfer ◽  
Content Areas ◽  
Writing Tutorials ◽  
English Speaking

The role of technology and educational media in supporting nontraditional adult learners is growing. One key area in which more research and development is needed is the improvement of writing, especially writing that is related to formal education. This chapter presents findings related to the use of online writing modules developed to support English as a Second Language and nontraditional English speaking college students. Participants reported improved content-specific writing skills, transfer of writing skills to other content areas, and increased self-efficacy in writing. Differences continued to be noted by key student characteristics. The study has implications for continued development and use of digitally supported writing tutorials for nontraditional adult learners.

Financial Literacy of Indian Youth: A Study on the Twin Cities of Hyderabad–Secunderabad

2016 ◽  
Vol 6 (2) ◽  
pp. 132-147
Author(s):  
Mousumi Singha Mahapatra ◽  
Swati Alok ◽  
Jayasree Raveendran
Keyword(s):  
College Students ◽  
Financial Literacy ◽  
Financial Planning ◽  
Parental Influence ◽  
Negative Impact ◽  
Positive Impact ◽  
Twin Cities ◽  
Different Types ◽  
The Status

A person’s capability to manage financial matters has become important in today’s world. Availability of different types of sophisticated financial products coupled with the complexity and increased uncertainty of the economy and financial markets have generated a strong move to measure and study financial literacy among investors. The present article aims to analyze the status of financial literacy of college students with three identified antecedents, namely, socio-demographic characteristics, parental influence and attitude towards financial planning. A sample of 425 students from various colleges of the Hyderabad–Secunderabad region was studied to understand the role of the identified antecedents on financial literacy. The results of logistic regression analysis support the hypothesis that financial literacy of Indian college students is influenced by their socio-demographic characters, parental influence and their attitude towards financial planning. While both socio-demographic and parental influences have a positive impact on financial literacy, attitude towards financial planning is observed to have a negative impact.

scholarly journals Impact of COVID-19 on SMEs and the Role of Digitalization

2021 ◽  
pp. 10-17
Author(s):  
Ileana Hamburg
Keyword(s):  
Lifelong Learning ◽  
Formal Education ◽  
Rapid Change ◽  
Learning Approaches ◽  
Goods And Services ◽  
Recovery Processes ◽  
Skill Gaps ◽  
National Economies ◽  
The Impact

Small and medium sized companies (SMEs) should be drivers for national economies, also providing opportunities for socio-economic participation and mobility. But SMEs, more than bigger companies, have experienced difficulties during Covid-19 due to less customer demand for goods and services, limited resources and problems with digitalization. All these facts require rapid change in SME strategies. Based on literature research and on work with SMEs undertaken by the author during European projects, the goal of this communication paper is to illustrate some difficulties experienced by SMEs due to COVID-19 and problems they have with digitalization and skill gaps, as well as measures which could help them. First, the impact of Covid-19 on SMEs and the role of digitalization in their recovery and further developments are presented. Second, certain structures required within SMEs and necessary skills and competences are described in this context. Proposals are then made for reskilling processes within workplace learning and other learning approaches to improve the skills and competences necessary for SME recovery processes. Lifelong learning (LLL) plays an important role in addressing the skills gap between what students have traditionally learned in formal education and the needs of employers and the labor market. LLL should be more connected with other forms of training/learning, digitally supported, interdisciplinary and practically oriented in order to contribute towards achieving the new skills and competences necessary during and after the COVID-19 pandemic and to promote digitalization as a driver to success. The paper also presents examples of the work of the Study Group Lifelong Learning of the IAT, coordinated by the author, and conclusions.

scholarly journals PENGARUH LITERASI KEUANGAN TERHADAP PERILAKU KEUANGAN MAHASISWA

2021 ◽  
pp. 127
Author(s):  
Wayan Tari Indra Putri ◽  
Kadek Nita Sumiari
Keyword(s):  
Regression Analysis ◽  
Financial Literacy ◽  
Financial Management ◽  
Linear Regression Analysis ◽  
Financial Inclusion ◽  
Financial Behavior ◽  
Test Results ◽  
Simple Linear Regression ◽  
Literacy Knowledge

Having knowledge of financial literacy is a must in order to have a prosperous life. Currently the OJK is working to improve financial inclusion and literacy, especially among students. This step is a form of effort to increase the role of students in the Indonesian economy. As the next generation, a student must have knowledge related to personal financial management. This knowledge will be very useful for students to manage their finances in the future. Four diploma students majoring in Accounting at the Bali State Polytechnic have obtained courses related to finance and investment so that they should have a good level of financial literacy knowledge. The purpose of this research is to examine the effect of financial literacy on student financial behavior. Respondents in this study amounted to 95 people. The data in this study were analyzed using simple linear regression analysis. The results of this study are that there is an influence between financial literacy variables on student financial behavior. The test results show that the better the knowledge or understanding of financial literacy possessed by students, the better the student's ability to implement good financial behavior.

scholarly journals The Habit of Savings among College students

2020 ◽  
pp. 38-43
Author(s):  
David Doe Fiergbor
Keyword(s):  
College Students ◽  
Financial Literacy ◽  
Financial Management ◽  
Economic Value ◽  
Money Management ◽  
Wealth Creation ◽  
Management Skills ◽  
Management Plans ◽  
Key Money ◽  
To Come

It is not easy to come by money however, money can easily ‘leave' one's possession if not properly managed. Money management skills are therefore important skills for life especially in the youthful days as wealth creation is not entirely about how hardworking an individual is but factors such as his/her ability to understand how money works and apply its management principles are of essence. Savings play an integral aspect of an individual’s financial management skills since it is the bedrock of personal financial success. Savings is not just about setting money aside for future use but also has to do with keeping anything of economic value. Savings are securing assurance today for tomorrow's uncertainties. This paper sought to examine the habit of savings among the college students. The result indicated that the majority of the college students do not save as a result of certain contributory factors such as meager salaries and economic hardships. Also, the majority of the college students do not have definite financial management plans such as savings as a result of inadequate financial literacy. The study concluded on the need for public education on key money management skills such as savings which is a recipe for wealth creation.  

scholarly journals Individual Investors' Financial Behaviour and Financial Attitude: Role of Financial Literacy as Moderator in Decision Making

2021 ◽  
Vol VI (I) ◽  
pp. 200-213
Author(s):  
Sadaf Ambreen ◽  
Laiba Khalid ◽  
Aniqa Zubair
Keyword(s):  
Decision Making ◽  
Financial Literacy ◽  
Financial Management ◽  
Individual Investors ◽  
Individual Investor ◽  
Financial Decisions ◽  
Financial Decision Making ◽  
Financial Decision ◽  
Financial Management System

As an individual investor, it is incredible to have a successful performance return without financial knowledge. An organization's performance must be measured and analysed based on an adequate financial management system. In today's multifaceted financial scenery Financial Literacy is crucial as it does not only impact financial decisions at the business level but is also important for the country's development. Financial literacy has the importance of the backbone of society. The study adds a new mechanism of financial literacy. The main objective of this study is to determine further insight into the role of financial literacy on an individual's behaviour and attitude towards financial decision making. For analysis, the moderator impact of financial literacy on decision-making data of 100 individual investors has been collected from different banking sectors of Pakistan. The result of this study shows that financial literacy has a significant impact on financial decision making. This study delivers knowledge that can contribute to guiding coming studies, making policies, directors and instructors in their teaching.

scholarly journals Mitigating Personal Financial Distress: The Role of Religiosity and Financial Literacy

2021 ◽  
Vol 1 ◽  
Author(s):  
Ninditya Nareswari ◽  
Nugroho Priyo Negoro ◽  
Gusti Dian Wirani Dalem
Keyword(s):  
Financial Literacy ◽  
Financial Distress ◽  
Financial Management ◽  
Millennial Generation ◽  
Online Survey ◽  
Personal Life ◽  
Sandwich Generation ◽  
Study Find ◽  
Generation Problem

Millennials tend to face personal financial distress due to sandwich generation problem. Personal financial distress is one of issues in personal financial management. It can bring many problems to another aspect in personal life. Therefore, it’s important for people to mitigate that issue and reach personal financial goals. Personal financial distress is condition when individual is unable to fulfill a financial needs. This condition can be influenced by religiosity and financial literacy. Religiosity and financial literacy could explain a spending behaviour and how to use money. This study aims to test the influence of religiosity and financial literacy on personal financial distress. Using online survey targeting millennial generation in Indonesia, this study find that religiosity have negative significant impact on personal financial distress and financial literacy play a role as moderating variable that weaken relationship between religiosity and financial distress. In conclusion, mitigating personal financial distress could be implemented in several ways. Personal financial distress could be avoided by higher religiosity and financial literacy

Konseptualisasi Peran Strategis pada Pendidikan Literasi Keuangan Syariah Anak Melalui Pendekatan Systematic Review di TK RA Al-Mu’min Gunung Putri

2021 ◽  
Vol 4 (1) ◽  
pp. 79-95
Author(s):  
Amalia Nabila ◽  
Abrista Devi ◽  
Indriya Indriya
Keyword(s):  
Systematic Review ◽  
Financial Literacy ◽  
Financial Management ◽  
Literacy Education ◽  
Sources Of Information ◽  
Additional Information ◽  
Need Support ◽  
Strategic Role ◽  
Good Potential

Children have good potential so that they can develop through interaction activities with the surrounding environment. Children can also determine Islamic financial products and services according to their needs, understand the benefits and risks, understand their rights and obligations, and believe that the selected service products can improve children's welfare in accordance with Halal principles and are profitable. Sharia law. Islamic financial literacy, meaning knowledge, skills and beliefs that can influence and improve the quality of financial management decisions to achieve prosperity. with faith, morality, and sharia. This study aims to comprehensively analyze the appropriate role of the relevant parties. The research method conceptually explores the strategic role of various related parties in the development of Islamic financial literacy education among early ages. Sources of information varied with interviews and utilized additional information as logical examination articles, books and applicable reports. The examination is calculated by the systematic review method. Children need Islamic financial literacy education because they need support and direction from each of the four conceptual strategic roles in order to achieve Islamic financial literacy from an early age.

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