Analysis of Factors

Conceptual framework
Independent Variables Dependent Variable
Financial attitudes
Financial Behaviors Financial Management of Students
Influence
Figure 1. The schema that shows the relationship of variables of the study
AN ANALYSIS OF FACTORS AFFECTING FINANCIAL MANAGEMENT OF
FIRST YEAR CRIMINOLOGY STUDENTS
Adopted from the College Financial Literacy Survey, sourced out from
https://vtechworks.lib.vt.edu/bitstream/handle/10919/35407/CSFLC_Survey.pdf
Dear Respondents,
I invite you to participate in my thesis research about the financial literacy of college students. The
purpose of this project is to analyze the factors affecting financial management of 1 st year students in
the university. There are questions about financial attitudes, financial behaviors, financial knowledge,
influences on financial literacy, and demographic information. Please try to answer every question. If
there is a question you do not feel comfortable answering, you may skip it.
FINANCIAL ATTITUDES
1. How sure do you feel about your ability to manage your own finances?
____Not sure at all - I wish I knew a lot more about money management.
____ Not too sure - I wish I knew more about money management.
____Somewhat sure - I understand most of what I'll need to know.
____Very sure - I understand money management very well.
2. How interested are you in increasing your financial knowledge?

___Very uninterested
___Somewhat uninterested
___ Not sure
___ Somewhat interested
___ Very interested
3. Would you take a personal finance course as an elective if offered?

___ Yes ____ No
4. Which topics would be of interest to you? (Check all that apply)

___Budgeting ___ Investing ___Taxes ____Credit
___Wills ___Life Insurance
___Loans/debt ___ Credit cards _____Saving Interest rates
5. Using the scale given below, please rate the importance of items to you.
(1-not important, 2-somewhat unimportant, 3- not sure, 4-somewhat important 5-very important)
1 2 3 4 5
Maintaining adequate financial records
Spending less than your income/budget
Planning to save your finances
6. Rate the following items on a scale of 1-5.
(1 -not at all true of me and 5 =very true of me)
1 2 3 4 5
I feel in control of my financial situation.
I feel capable of using my future income to achieve
my financial goals.
My finances are a significant source of worry or
"hassle" for me.
I am uncertain about where my money is spent.
I feel credit cards are safe and risk free.
Purchasing thin s is very important to my happiness.
I feel capable of handling my financial future (e.g.
buying insurance or investments)
I am afraid of credit and credit cards.
I feel putting away money each month for savings or
investments is important.
I feel having life insurance is an important way to
protect loved ones.
I enjoy thinking about and have interest in reading
about money management.
I enjoy talking to my peers about money
management issues (i.e. taxes, investing, credit
cards).
FINANCIAL BEHAVIORS
1. Some people tend to be very thrifty, saving money whenever they have the chance
while others are spending-oriented, buying whenever they can and even borrowing to
consume more. How would you classify yourself?
___Very thrifty, saving money whenever I can

___Somewhat thrifty, often saving money.
___Neither thrifty nor spending oriented.
___Somewhat spending-oriented, seldom saving money.
___ Very spending-oriented, hardly ever saving money.
2. What kind of financial accounts do you have? (Check all that apply)
___ savings ___ deposits ____ money market ___stocks ____bonds
3.How much do you estimate you owe on all debts including credit cards, student
loans and other debts? (Do not include mortgage)
____ less than P1,000 ____P1,000-5,000 ____P 5,000- 10, 000
____P10,000- above
4. Rate the following items on a scale of 1-5.
(1 -not at all true of me and 5 -very true of me)
1 2 3 4 5
I budget and track spending.
I compare my receipts of purchases to my monthly
statement.
I work extra hours to meet bills and expenses.
I miss class to work extra hours to meet bills and
expenses.
I contribute to a savings s account regularly
I compare prices when shopping for purchases.
I read to increase my financial knowledge.
INFLUENCES
1.Rate the following influences on a scale of 1-5 (1none, 2-not much, 3-not applicable,
4-some, 5 a lot).
How much did you learn about managing your money from the following?
1 2 3 4 5
Parents
Friends
School
Book
Media
Job
Life experiences
Internet
Informal public seminar or class
Financial counselor or planner
2. Rate the following on a scale of 1-5 (1 = never, 2- once per year, 3-every few
months, 4-twice per months 5- weekly).
How often were you influenced by or did you discuss finances with the following?
1 2 3 4 5
Parents
Friends
School
Book
Media
Job
Life experiences
Internet
Informal public seminar or class
Financial counselor or planner
3. Which of the following items did you learn about in your home while growing up?
(Check all that apply)
___Budgeting ___ Investing ___Taxes ____Credit

___Wills ___Life Insurance
___Loans/debt ___ Credit cards _____Saving Interest rates
4.Where do you expect to learn or increase your financial knowledge?

___parents ____friends ___school ___book ____media ___job
____ life experiences _____internet _____informal public seminar or class
_____financial counselor or planner
5. How would you describe how finances were handled in your family? (check all that
apply)
___My parents usually argued about the finances

___Within the family we openly discussed our finances
___My parents explicitly taught me about finances (e.g., credit cards, debt, budgeting, savings)
___We didn't' talk much about finances but I learned from their examples
___My parents included me in various financial decisions.
6. Comparing yourself to your parents, would you say that you are:
___Much more likely to save

___ Somewhat more likely to save
___About as likely to save/spend
___Somewhat more likely to spend
___ Much more likely to spend

Analysis of Factors

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Conceptual framework

Independent Variables Dependent Variable

2. How interested are you in increasing your financial knowledge?

3. Would you take a personal finance course as an elective if offered?

4. Which topics would be of interest to you? (Check all that apply)

___Very thrifty, saving money whenever I can

_ savings _ deposits __ money market _stocks ____bonds

less than P1,000 P1,000-5,000 P 5,000- 10, 000

_Budgeting _ Investing _Taxes __Credit

4.Where do you expect to learn or increase your financial knowledge?

___My parents usually argued about the finances

___Much more likely to save

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