Impact of Financial Literacy Program on Budgeting Skills.pdf

People are increasingly more conscious of where their money and earnings
go. The distribution of financial resources among individuals is impacted
by several elements, including their lifestyle, level of education, and desire
for improved healthcare .

1. IMPACT OFIMPACT OF
FINANCIALFINANCIAL
LITERACYLITERACY
PROGRAMS ONPROGRAMS ON
BUDGETING SKILLSBUDGETING SKILLS
ayi m. cervantes 12-philoxenia

2. INTRODUCTIONINTRODUCTION
People are increasingly more conscious of where their money and earnings
go. The distribution of financial resources among individuals is impacted
by several elements, including their lifestyle, level of education, and desire
for improved healthcare . Furthermore, the employment market has
undergone a considerable transformation, giving experiences and talents
a higher worth. This has led to salary differences between social groupings
depending on long-term skills and educational attainment. At the same
time, Financial markets have changed as a result of scientific and
technological advancements, giving rise to increasingly complex markets.
tools and more costly real estate. The financial technology industry's rapid
growth is also changing how individuals approach paying their bills,
investing in savings, and seeking financial guidance. Regarding this, having
a strong For competitive market strategies and prudent judgments on
production growth, a foundation in finance is required. Nowadays, a
bewildering assortment of products, services, and providers are available
to customers of all ages in the increasingly complex financial services
industry to meet their various financial requirements.

3. METHODSMETHODS
A quantitative analysis was conducted. Data for the study were
gathered using a survey, and it had a descriptive design. An A survey
with 20 questions about different aspects of financial literacy was given
to 200 home economics students from Pakistani universities that are
privately owned. descriptive data for the three subtopic scores and the
overall financial literacy score: Risk management, investment, and
budgeting. Descriptive statistics are used to assess the data, including
the mean, standard divergence.

4. RESULTSRESULTS
Home economics students showed a moderate level of
proficiency in the pre-program evaluation, with an average
Overall Score of 62.0%. knowledge about finances. The different
results in different domains suggest that targeted treatments
might be necessary in some areas. such as budgeting, investing,
and risk management. There was a noticeable increase in
financial literacy following the session. evaluations, as shown by
the greater 72.5% Overall Score. Additionally, there were notable
advancements in risk management. budgeting, investment, and
scores. The paired t-tests confirmed these improvements'
statistical significance. proving the financial literacy program's
effectiveness .

5. DISCUSSIONDISCUSSION
The results suggest that earlier research examined the
efficacy of the same topic. Across national subgroups and
economic levels, there is a favorable correlation between
financial literacy and financial inclusion. According to the
study, having greater financial literacy boosts the benefits of
having greater financial competence when it comes to using
financial services. discovered that respondents from Vietnam
are more likely to participate in the financial market if they
have higher levels of financial literacy, especially advanced
financial literacy. Conversely, individuals who possess a
rudimentary understanding of money are less inclined to
engage in financial investment activities.

6. THANKTHANK
YOUYOU