Budget Plan to Manage Income and Expenses in College Students: Some Features That Explain It

Autor/inn/en	Garcia-Santillan, Arturo; Zamora-Lobato, Teresa; Ramos-Hernandez, Jesica J.
Titel	Budget Plan to Manage Income and Expenses in College Students: Some Features That Explain It
Quelle	In: European Journal of Educational Research, 8 (2019) 3, S.809-826 (18 Seiten)Infoseite zur Zeitschrift PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	2165-8714
Schlagwörter	Budgeting; Money Management; College Students; Retirement; Foreign Countries; Insurance; Knowledge Level; Student Attitudes; Credit (Finance); Long Range Planning; Mexico + Suchen Sie Ihr Suchwort? Collegestudent; Pensionierung; Ausland; Wissensbasis; Schülerverhalten; Credit; Kredit; Langfristige Planung; Mexiko
Abstract	The purpose of this study is to describe the actions taken by college students to face their future retirement. For this, the test designed by the National Commission for the Protection and Defense of Financial Services Users (CONDUSEF) in Mexico was used, which has items related to financial knowledge, specifically topics about savings, emergency funds and life insurance, among others. The instrument was applied to 60 UPAV college students of different levels, during the school cycle of February-August 2018, in the city of Xalapa, Veracruz; it should be noted that the range of age was older than 21 but younger than 23 years old. The descriptive analysis showed results that lead us to believe that students have emergency funds (53%) but these are used to face unexpected situations (59%); also, students do not have life insurance, which could be concerning in their personal and family life if/when they have to face a present or future illness. Regarding car insurance, most of the respondents stated that they do not own one, besides considering it an unnecessary expense. One of the study limitations was the surveyed population; hence the need to widen this research to encompass more students from such geographical area in order to obtain a wider outlook of said behavior. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01