Synapse
⌘+K
Synapse
PulseExploreClubsResearchersJournals
Instagram
HomeClubsExplore
September 10, 2025Journal of Economics Finance and Management StudiesOpen Access

Financial Literacy and Budgeting Strategies of Low-Income Parents of College Students at UM Digos College

View Full Paper
Ask AI
Bookmark
Share

Authors

MBMaría Antonia BlancoTufts UniversityRIRegina Grace G . ItangRLRacil Jean D. Llaga

Discussion

Loading...

Member takes

Implication

Quantitative analysis reveals a strong link between financial literacy and budgeting strategies in low-income parents, suggesting improved financial management can aid education funding.

Key Points

  • A positive correlation exists between financial literacy and budgeting strategies, which can enhance financial management.
  • Respondents demonstrated high levels of financial literacy and effective budgeting practices, benefiting their family's education.
  • Data were collected from 334 low-income parents using a standardized survey and analyzed with the Pearson correlation coefficient.
  • Improving financial literacy may significantly elevate the quality of life for low-income families managing educational expenses.

Cite This Study

Blanco et al. (2025) studied this question.

synapsesocial.com/papers/68c23caeb210217d6478a5ddhttps://doi.org/10.47191/jefms/v8-i9-06
View Full Paper
Ask AI
Bookmark
Share

Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Financial Knowledge, Saving Habits and Spending Habits among Fourth Year Students in the University of Eastern Philippines College of Education2025 · 2 citations
  2. 2Financial Literacy and Financial Behavior: An Analysis of Faculty and Staff Financial Decision-Making2025 · 1 citations
  3. 3The Relationship Between Financial Literacy, Lifestyle, Locus of Control, and Parental Income tith the Financial Behavior of University Students2025
  4. 4FINANCIAL LITERACY AND ITS IMPACT ON MONEY MANAGEMENT PRACTICES AMONG HIGHER EDUCATION STUDENTS IN MANIPUR2025
  5. 5Financial Literacy of College Students2025 · 1 citations