Authors: Ms. Nandhini R, Mr. Mohan Kumar
Abstract: Financial literacy plays a significant role in enabling individuals to make informed and effective financial decisions in their daily lives. In today’s rapidly changing financial environment, college students are increasingly required to manage personal finances, including budgeting, saving, investing, and controlling expenses. However, many students lack adequate financial knowledge and awareness, which may lead to poor financial behaviour and long-term financial instability. This study aims to assess the level of financial literacy among college students and examine its influence on their financial decision-making behaviour. The research also focuses on identifying the major sources of financial information used by students and analysing the relationship between financial literacy and saving habits. The study highlights the importance of financial education in developing responsible financial behaviour among young adults. By identifying gaps in financial awareness, the research provides useful insights and recommendations for improving financial literacy programs and promoting better financial management practices among students for a financially secure future.
DOI: https://doi.org/10.5281/zenodo.20354178
