The Effect of Financial Literacy and Emotions on Intent to Control Personal Budget: A Study among Israeli College Students

Shosh Shahrabani

Abstract


The current study, carried out in 2010 after the global financial crisis, analyzes the factors affecting intent to control a personal budget among Israeli college students. The results show that intention to budget among students is affected by past debt frequency, level of negative emotions experienced by participants when their bank account was significantly overdrawn, financial literacy level, income and nationality. In addition, the results indicate that positive attitudes toward financial management moderate the negative impact of past debt frequency on the intention to control a personal budget without significant debt. Improving financial literacy and changing attitudes toward financial management can increase budgeting intentions.


Full Text: PDF DOI: 10.5539/ijef.v4n9p156

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

International Journal of Economics and Finance  ISSN  1916-971X (Print) ISSN  1916-9728 (Online)

Copyright © Canadian Center of Science and Education

To make sure that you can receive messages from us, please add the 'ccsenet.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.