Parental roles, financial literacy, and budgeting behaviour amongst tertiary students in ghana
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Date
2023
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KNUST
Abstract
The goal of this research is to make available findings concerning parental fiscal positions influence within the family on the development of financial literacy and budgeting abilities in children. Using data from surveys of 242 level 400 students Universitiesin Ghana's.This study looked at the relationship between parental participation, students' financial literacy, and budgetary behaviour. The study's major approaches were logistic regression and correlation matrix, which were studied using STATA version 14 statistical software. This study revealed a relationship between parental leadership duties and students' financial knowledge and budgeting behaviours. The study's findings assist parents, especially mothers, who are often the most susceptible members of the family, in better understanding the importance of being the family's financial participants and how this can improve the youth's financial awareness and help them handle money successfully. Financial awareness does not appear to have an empirically meaningful influence on students' savings habits. Our result, on the other hand, that as students' a monthly allowance grows, so does their proclivity to save, is consistent with the savings behavior hypothesis, which states that saving is an advantageous form of disposable income.
Description
A thesis submitted to the department of accounting and finance college of humanities and social sciences in partial fulfillment of the requirements for the degree of msc. Accounting and finance