Influence of Money Attitudes and Financial Goal on Financial Well-Being Among College of Business Graduates
DOI:
https://doi.org/10.31154/isc12.v12i5.190.1218-1228Keywords:
Keywords: money attitudes, financial goal, financial well-being, descriptive quantitative researchAbstract
This study aimed to evaluate the influence of Money Attitudes and Financial Goals on the Financial Well-Being of College of Business graduates from a faith-based university in Silang, Cavite. The target population included graduates from academic years 2020 to 2024 with a total of 148 respondents participated in the study, selected through purposive sampling technique. The researchers used a descriptive quantitative research design to explore the relationship between the independent variables (money attitude and financial goal) and the dependent variable (financial well-being). To ensure a comprehensive and accurate analysis, the researchers utilized the statistical software JAMOVI, which enabled the application of several statistical tools. These included descriptive statistics (mean and standard deviation), correlation analysis, One-Way ANOVA, independent sample t-tests, post hoc tests, and regression analysis. The researchers were able to assess both the individual and combined effects of independent variables on financial well-being. Additionally, the study examined various demographic factors such as age, gender, monthly income, work experience, and marital status to determine their influence on financial well-being. The results revealed that both money attitude and financial goal significantly influence the financial well-being of the respondents. Among the demographic variables, only age and work experience showed significant impact, while monthly income, gender, and marital status did not demonstrate any statistically significant relationship. These findings highlight the importance of financial planning and mindset, providing valuable insights for developing educational programs and policies to promote financial well-being among future professionals.
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