Personal financial management skills Of university students and their financial experiences during the Covid-19 pandemic
Purpose: The main purpose of this study was to assess university students’ financial management skills and their financial experiences during the Covid-19 pandemic. Research methodology: The research adopted the explanatory sequential mixed methods research design where a survey of 181 students o...
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| Format: | research article |
| Language: | English |
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Goodwood Publishing
2023
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| Online Access: | https://cris.library.msu.ac.zw//handle/11408/5546 https://doi.org/10.35912/ijfam.v4i2.835 |
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| author | Lilian Gumbo Margaret Mutengezanwa Munyaradzi Chagwesha |
| author2 | Midlands State University, Zimbabwe |
| author_facet | Midlands State University, Zimbabwe Lilian Gumbo Margaret Mutengezanwa Munyaradzi Chagwesha |
| author_sort | Lilian Gumbo |
| collection | DSpace |
| description | Purpose: The main purpose of this study was to assess university students’ financial management skills and their financial experiences during the Covid-19 pandemic.
Research methodology: The research adopted the explanatory sequential mixed methods research design where a survey of 181 students on work-related learning was conducted using questionnaires and qualitative interviews. Data were analyzed using IBM SPSS Statistic 27
Results: The study established that the majority of the students do not have a budget, run out of money before receiving the next income, have no funds set aside for uncertainties or medical expenses related to the Covid-19 pandemic, and to make ends meet most of the students borrow money from relatives and friends. The majority of students struggled financially because of the Covid-19 pandemic.
Limitations: Questionnaires and interviews were only distributed/conducted online due to the Covid-19 pandemic.
Contribution: Personal financial management skills are a vital human capital skill for students. Therefore the need to explore such skills and financial experiences of University students during the Covid-19 pandemic for the first time. |
| format | research article |
| id | ir-11408-5546 |
| institution | My University |
| language | English |
| publishDate | 2023 |
| publisher | Goodwood Publishing |
| record_format | dspace |
| spelling | ir-11408-55462023-04-21T07:56:49Z Personal financial management skills Of university students and their financial experiences during the Covid-19 pandemic Lilian Gumbo Margaret Mutengezanwa Munyaradzi Chagwesha Midlands State University, Zimbabwe Senior Lecturer, Department of Banking and Finance Bindura, University of Science Education, Zimbabwe Department of Management Sciences, Midlands State University, Zimbabwe Personal financial management skills Financial planning Financial experiences Purpose: The main purpose of this study was to assess university students’ financial management skills and their financial experiences during the Covid-19 pandemic. Research methodology: The research adopted the explanatory sequential mixed methods research design where a survey of 181 students on work-related learning was conducted using questionnaires and qualitative interviews. Data were analyzed using IBM SPSS Statistic 27 Results: The study established that the majority of the students do not have a budget, run out of money before receiving the next income, have no funds set aside for uncertainties or medical expenses related to the Covid-19 pandemic, and to make ends meet most of the students borrow money from relatives and friends. The majority of students struggled financially because of the Covid-19 pandemic. Limitations: Questionnaires and interviews were only distributed/conducted online due to the Covid-19 pandemic. Contribution: Personal financial management skills are a vital human capital skill for students. Therefore the need to explore such skills and financial experiences of University students during the Covid-19 pandemic for the first time. 4 2 129 143 2023-04-21T07:56:48Z 2023-04-21T07:56:48Z 2022-09-02 research article https://cris.library.msu.ac.zw//handle/11408/5546 https://doi.org/10.35912/ijfam.v4i2.835 en International Journal of Financial,Accounting,and Management 2656-3355 open Goodwood Publishing |
| spellingShingle | Personal financial management skills Financial planning Financial experiences Lilian Gumbo Margaret Mutengezanwa Munyaradzi Chagwesha Personal financial management skills Of university students and their financial experiences during the Covid-19 pandemic |
| title | Personal financial management skills Of university students and their financial experiences during the Covid-19 pandemic |
| title_full | Personal financial management skills Of university students and their financial experiences during the Covid-19 pandemic |
| title_fullStr | Personal financial management skills Of university students and their financial experiences during the Covid-19 pandemic |
| title_full_unstemmed | Personal financial management skills Of university students and their financial experiences during the Covid-19 pandemic |
| title_short | Personal financial management skills Of university students and their financial experiences during the Covid-19 pandemic |
| title_sort | personal financial management skills of university students and their financial experiences during the covid-19 pandemic |
| topic | Personal financial management skills Financial planning Financial experiences |
| url | https://cris.library.msu.ac.zw//handle/11408/5546 https://doi.org/10.35912/ijfam.v4i2.835 |
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