The financial management behavior of non-business administration students of IGACOS

Abstract

This study investigated the financial management behavior of non-business administration students in the Island Garden City of Samal (IGACOS). The researchers used a quantitative research design as the methodology for this study with 250 sampling size. The researchers employed analysis of variance (ANOVA) to assess overall differences in financial management levels, prompting further investigation into specific variations, also utilized to identify underlying factors contributing to financial management behaviors. The findings revealed that the overall financial management behavior of theses students was at a moderate level. Further analysis showed that in terms of gender, female students exhibited significantly better financial management behavior compared to male students. Additionally students from different academic programs also demonstrated notable differences in their financial management behavior. The overall financial management behavior of non-business administration students was at a moderate level, reflecting a lack of financial knowledge and skills in this group. Female students outperformed male students in financial management behavior, reflecting the role of gender in influencing financial decision-making. Students from different academic backgrounds exhibited variations in financial management behavior, indicating that even non-business courses can impact students' financial literacy. Financial education and support services for non-business administration students are particularly important to help this group improve their financial management capabilities and prepare for future financial security.