FINANCIAL LITERACY AND MONEY MANAGEMENT BEHAVIOURS: APPLICATION ON STUDENTS OF ANADOLU UNIVERSITY

Financial literacy refers to level of competence in making information based decisions about selection of financial instruments in daily life. Financial awareness in decisions about investment and savings underlie the concept of financial literacy. University students who can be viewed as the future...

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Bibliographic Details
Published in:Business & management studies: an international journal 2014-01, Vol.2 (2), p.105
Main Author: Bayram, Seliha Seçil
Format: Article
Language:Turkish
Subjects:
Financial literacy
Financial management
Financial planning
Students
University students
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Summary:Financial literacy refers to level of competence in making information based decisions about selection of financial instruments in daily life. Financial awareness in decisions about investment and savings underlie the concept of financial literacy. University students who can be viewed as the future of the society are expected to have a relatively high level of financial literacy. Formal institutional education is expected to increase the level of financial literacy. This study attempts to determine the level of basic financial literacy of students of a Faculty of Economics and Administrative Sciences and Porsuk Vacational School. Findings show that students perceive themselves to be more successful than they really are in managing their self finances. Therefore inclusion of program content in curriculum to increase their level of financial literacy is necessary. Employment of media like the internet that is able to provide general education and training about financial literacy will contribute to improvements.
ISSN:2148-2586
2148-2586
DOI:10.15295/bmij.v2i2.68