Publication details
Personal Money Management of Finance Students
| Authors | |
|---|---|
| Year of publication | 2015 |
| Type | Article in Proceedings |
| Conference | Proceedings of 32nd International Business Research Conference |
| MU Faculty or unit | |
| Citation | |
| Field | Management and administrative |
| Keywords | Personal finance; money management; budgeting; university students |
| Description | Personal finance management is an inseparable part of financial capability, which is in the focus of the global research. The capability of the university students to manage money, especially those majoring in finance related fields and who may have future careers in this sector, is crucial to their ability to guide others in how to manage their finances. Therefore the aim of this paper is to analyze the personal finance, money management, budgeting, and financial attitudes of finance students. Moreover, the study includes comparison with an adult population. The study was conducted at Masaryk University in the Czech Republic in 2015. The OECD methodology and questionnaire, together with national standardized questions were used to address the research objective. The results indicate that the personal finance management of university students majoring in finance related fields needs to be enhanced, in particular their budgeting skills and financial attitudes. |
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