Personal Finance Management of the Accountancy Program Students during the Covid-19 Pandemic
DOI:
https://doi.org/10.55164/ecbajournal.v15i1.251465Keywords:
Financial knowledge, Personal finance, Financial behavior, The Covid-19 PandemicAbstract
The purposes of this study were to investigate knowledge level of personal finance management and personal financial behavior of the accountancy program students during the Covid-19 Pandemic as well as to examine the comparison between personal factors, knowledge level of personal finance management, participation in government aid programs and financial behavior of those students. Online questionnaires were utilized as a tool for data collection. The statistics employed in analysis including frequency, percentage, independent sample t-test, one-way ANOVA and Chi-Square. The results revealed that the students had expenses equal to incomes, which average monthly of 3,001 to 6,000 baht. Majority of the accountancy program students had a relatively good level of financial knowledge and skills, yet it was not affect the personal financial behavior. The fourth year students had lower expenses on average than other years. Furthermore, the results also found that female students saved more money than male students. The most common channel to save money was to deposits with commercial banks. However, the students as a whole had little or no savings and investment, which had an average monthly savings of less than 1,000 baht. Briefly, it also found that the students participating in government aid programs were aware of how appropriate spending was and thus affected to their saving behaviors.
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