Personal Financial Literacy of Academic Support-Employee in Chiang Mai University
AbstractA person’s ability to manage the money is essential to being successful in life. Today’s financial world is highly complex when compared with that of a generation ago. New products and technologies are fundamentally changing the ways we relate to money. As a consequence of the changing, financial literacy has become an essential survival tool. A lack of financial literacy can contribute to the making of poor financial decisions that can be harmful to both individuals and communities. This study examines the level of personal financial literacy of academic support-employee and to find out about their spending and saving behaviors. The samples were 400 academic support-employee from Chiang Mai University. The tool to collect the data was a questionnaire. Results show that participants answer about 35.49% of questions correctly. For the participant’ spending and saving behaviors, most participants experience a situation where their revenue cannot cover their expenses. For saving, most participants have some saving and the purpose was for emergency, and for wealth, respectively. Also, the participants have a financial planning. As for debts, most participants have some debts; the most debts are from credit cards. It is concluded that the participants are not knowledgeable about personal finance. The low level of knowledge will limit their ability to make informed decisions.
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This chapter was published in: Suchanphin Suwanaphan , , pages 1061-1065, 2013.
This item is provided by ToKnowPress in its series Active Citizenship by Knowledge Management & Innovation: Proceedings of the Management, Knowledge and Learning International Conference 2013 with number 1061-1065.
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financial literacy; spending and saving behaviors;
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