scholarly journals Financial Satisfaction of Islamic Investing: The Role of Religiosity and Financial Knowledge

2020 ◽  
Author(s):  
R Parmitasari ◽  
L Bulutoding ◽  
Z Alwi
Keyword(s):  
Financial Knowledge ◽  
Financial Satisfaction

scholarly journals Influence of Life Events on the Financial Satisfaction of Individuals

2019 ◽  
Vol 15 (1) ◽  
pp. 123-137
Author(s):  
Waqas Ali ◽  
Keyword(s):  
Life Events ◽  
Financial Knowledge ◽  
Financial Behavior ◽  
Financial Satisfaction ◽  
Financial Socialization ◽  
Life Event ◽  
Mediating Role ◽  
Confirmatory Factor ◽  
Positive Effect

This  study  aims  to  determine  the  effect  of  financial  knowledge  and  financial  socialization  on the financial satisfaction of the individuals when unexpected life events happen and to examine the mediating role of the financial stressor and financial behavior between them. The data collected from 243 respondents who had experienced any unexpected hospitality in the state of Azad Jammu and Kashmir. Grab sampling method utilized for data collection. Confirmatory factor analysis (CFA) and Structural Equation Modeling (SEM) utilized for data analysis. Results of study reveal that: 1) financial knowledge and financial socialization have positive influence on financial satisfaction; 2) financial knowledge has positive effect on financial satisfaction with the mediating role of the financial stressor and financial behavior when an unexpected life event happens; and 3) financial socialization has positive effect on financial satisfaction with the mediating role of the financial stressor and financial behavior when an unexpected life event happened. This study provides clear insight toward the financial satisfaction of the individuals while confronting the unexpected life events. Practitioners and financial planners use this article for increasing the financial satisfaction of their customers. There is a plethora of researches conducted in different perspective except life events of individuals. This study utilized confirmatory factor analysis, which is necessary when research carried out from a different perspective.

scholarly journals THE RELATION BETWEEN FINANCIAL KNOWLEDGE AND ECONOMIC DECISIONS

2014 ◽  
Vol 59 (1) ◽  
pp. 59-67
Author(s):  
Sabina Kołodziej
Keyword(s):  
Young Adults ◽  
Young People ◽  
Banking System ◽  
Financial Education ◽  
Financial Knowledge ◽  
Economic Decisions ◽  
Current Economic Situation ◽  
Common Observation ◽  
Saving Decisions

Nowadays policymakers, government agencies and educators in Poland and in many European countries emphasize the role of individual possibilities to take independent decisions regarding one’s financial resources. Consequently, the increased interest in financial education programs is observed. Moreover, the complexity of financial products further demonstrates the need for a financial knowledge when making decisions in this sphere. However, simultaneously, the common observation of numerous examples of irrelevant decision-making, consequently leading to financial (e.g. abundant debt) or professional (e.g. loss of work) problems as well as results of studies on the level of financial knowledge show that in many cases our society, most probably, does not have the indispensable level of analyzed knowledge. The article presents results of 2 studies on the relation between financial knowledge and economic decisions made by Polish young adults. The study 1 focuses on the correlation between financial knowledge and saving decisions while the study 2 financial knowledge and respondents debts. In both studies the level of financial knowledge was measured by the test relating to the current economic situation of Poland, knowledge of basic economic and financial concepts and understanding of basic market mechanisms. Specially designed questionnaires analyzed respondents’ savings (study 1) and debts (study 2) decisions. The results of those studies show that examined a group of Polish young adults has an average level of financial knowledge. Moreover, the first study found positive correlation (on the level of statistical trend) between financial knowledge and savings decisions. The results of study 2 showed the higher financial knowledge among people who took credits or loans from bank in comparison with people who take credit and loans outside the banking system. Results obtained in the studies reinforce the idea of the important role of financial education in preparing young people to make their own economic decisions. Key words: debt, financial education, financial knowledge, saving, young people.

scholarly journals Faktor-Faktor yang Memengaruhi Kecemasan Keuangan pada Remaja Kota Surabaya

2021 ◽  
Vol 9 (2) ◽  
pp. 511
Author(s):  
Jehan Sekarkinasih
Keyword(s):  
Random Sampling ◽  
Sampling Methods ◽  
Public Awareness ◽  
Psychological Impact ◽  
Financial Knowledge ◽  
Public Knowledge ◽  
Financial Satisfaction ◽  
Independent Variables ◽  
Financial Anxiety ◽  
The City

This study is the first study in Indonesia that examines the factors that influence financial anxiety. Financial anxiety is a negative psychological impact where there is a decrease in various aspects so that, in total, it causes stress levels to jump. This study focuses on adolescents who live in Surabaya, which, based on BPS data, the city of Surabaya has the largest population in East Java and is dominated by adolescents. This study aims to determine the effect of income, debt, financial knowledge, and financial satisfaction on financial anxiety. Data were collected by distributing online questionnaires with random sampling methods to 154 respondents. Then, data were tabulated in excel, analyzed and processed using multiple linear regression in SPSS. The result of this study indicates that none of the independent variables affects financial anxiety. This is presumably due to the lack of public knowledge about financial anxiety, especially among Surabaya adolescents. Few studies examine financial anxiety as the dependent variable, which thought to cause limited public knowledge about this topic. Therefore, this study is expected to increase knowledge, literacy, and public awareness regarding financial anxiety, especially to adolescents in Surabaya.

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