FACTOR AFFECTING FINANCIAL MANAGEMENT BEHAVIOR OF NEPALESE YOUTHS

Abstract

This study has investigated the factor affecting financial management behavior of Nepalese youths. The study has used descriptive and casual comparative research design. The sampling technique for the study followed convenience sampling. Data have analyzed by using different statistical technique such as descriptive statistic, correlation analysis and multiple regression. This study shows that youths agreed that financial knowledge highly affects their personal financial management behaviour among youths and they believe that their management behaviour is also high. The correlation analysis reveals that there is significant position association between financial knowledge and financial management behavior. Similarly, financial attitude has significant positive relationship with financial management behavior. At the same time, there is significant positive association between financial skill and financial management behavior. The regression analysis shows that there is significant positive effect of financial knowledge on financial management behavior. Then, there is also significant positive effect of financial attitude on financial management behavior. Moreover, financial skill has significant positive impact on financial management behavior. However, all the factors (financial knowledge, financial attitude and locus of control) have significant impact on financial management behavior among youths in Kathmandu valley.