Signature Bishnu Raj Adhikari Kathmandu College of Management 2018

Signature bishnu raj adhikari kathmandu college of

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Signature: Bishnu Raj Adhikari Kathmandu College of Management Date: 11-12-2018
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FINANCIAL LITERACY 5 Table of Contents Abstract ................................................................................................................................ 7 Statement of the problem ................................................................................................... 10 Objectives of the study ....................................................................................................... 11 Significance of the study ................................................................................................... 12 Organization of the study ................................................................................................... 13 Review of Literature .......................................................................................................... 14 Related theory ................................................................................................................ 14 Review of empirical studies ........................................................................................... 15 Hypotheses of the study ................................................................................................. 24 Research methodology ....................................................................................................... 25 Research Design ............................................................................................................ 25 Population and sample of the study ............................................................................... 26 Nature and sources of data ............................................................................................. 26 Statistical tools used ...................................................................................................... 27 Definition of Variables ................................................................................................... 28 Presentation and analysis of data ....................................................................................... 30 Analysis of data ............................................................................................................. 30 Limitations ..................................................................................................................... 32 Findings and Conclusion ................................................................................................... 33
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FINANCIAL LITERACY 6 Bibliography ...................................................................................................................... 35 Appendix ............................................................................................................................ 37 Appendix 1 Questionnaire ............................................................................................. 38 Appendix 2 Table ........................................................................................................... 42
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FINANCIAL LITERACY 7 Abstract Financial Literacy refers to knowledge required for managing personal finance, and also it is the possession of knowledge and understanding of financial matters. It is also termed as financial education, financial knowledge and economic education. The absence of financial literacy may lead to making poor financial decision that can have adverse effects on the financial health and wellbeing of an individual. This study surveys 200 college students to examine their financial literacy; the impact of gender, education level and financial attitude on financial literacy. IBM SPSS statistics 20 was used for the analysis. The data were analyzed by using mean, median, standard deviation, minimum, maximum and regression. Also descriptive statistics, Independent sample T-test and Chi square test are used for the analysis. This paper provides a review of current researches on financial literacy and attempts to find out gaps. It begins with defining the term ‘financial literacy’ and outlines the approaches adopted in measuring the level of financial literacy in different studies and finally an analysis is carried out on financial literacy among college students. Keywords : financial literacy, affordability, spending attitude, personal finance, spending behavior.
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FINANCIAL LITERACY 8 Financial Literacy amongst college students Financial Literacy refers to knowledge required for managing personal finance. The financial education of a country (in terms of knowledge, abilities and behaviors) can be crucial for a healthy economic life, at individual, macro or multi-nation level [ CITATION Ber14 \l 1033 ] . If the individual has a good financial literacy, then he/she will be smarter in managing finances to achieve prosperity [ CITATION Dwi15 \l 1033 ].It encompasses an understanding of how to use credit responsibly, manage money and savings, minimize financial risk and derive long-term benefits. The country’s economy functions by the flow of money and, the amount and direction of that flow is decided by the financial decisions made by the population of the country. The people need proper plans for long-term investments for their future aspects of emergency needs.
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