Financial Literacy among college students in Greater Noida and its impact on future stability
Jaskaran Singh
Bachelor’s Student,
Sharda School of Business Studies, Sharda University,
Greater Noida – 201306
Uttar Pradesh, India
Dr. Anup Kumar Srivastava
Assistant Professor,
Sharda School of Business Studies, Sharda University,
Greater Noida – 201306
Uttar Pradesh, India
Abstract
The research here studies the financial literacy level of students in Greater Noida region and its effects on their spending patterns and long-term financial well-being. As money decisions become more complicated from handling electronic payments to comprehending student loans young adults are making groundbreaking money decisions without having the basic knowledge they need. The motive of this study is to find out to what extent students know frequent money matters like budgeting, saving, investing, and credit handling and how own the same affect their daily life decisions and long-term planning.
The major data were gathered using a questionnaire from a undergraduate students of various institutes of Greater Noida. Descriptive statistics and regression analysis approaches will be applied for responses to determine trends, relationship, and cause-and-effect relationships. This study also relies on a extensive review of the existing literature to place its outcomes in wider national and international contexts.
The aim of this research is to disclose the important monetary problems faced by students, where they acquire knowledge related to money and how they think of personal finance. It is expected that the outcome will offer productive suggestions to universities so that they can execute proper financial education schemes in favor of students. The end goal is not only to prepare the students for their professional and academic journey but also to prepare them with the instruments that will give them financial independence and stability.
Key words: Financial literacy, electronic payments, budgeting, saving, credit handling, investing, financial independence and stability.
