EVALUATING THE INFLUENCE OF FINANCIAL LITERACY ON PERSONAL FINANCIAL MANAGEMENT AMONG NIGERIAN RESIDENTS IN FREDERICTON, NEW BRUNSWICK
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| Format: | Recurso digital |
| Language: | English |
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Zenodo
2025
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| _version_ | 1866902246424313856 |
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| author | Omokheyeke, Omorodion |
| author_facet | Omokheyeke, Omorodion |
| contents | <p><span><span>This study evaluates the influence of financial literacy on personal financial management among Nigerian residents in Fredericton, New Brunswick. A quantitative research approach was used, involving a structured survey administered to 111 participants. Descriptive statistics were applied to assess financial literacy levels, while correlation and regression analyses were conducted to examine the relationship between financial knowledge and key behaviors, including budgeting, saving, investing, and credit management.</span></span></p> <p><span><span>Findings revealed moderate literacy in budgeting and saving but lower knowledge levels in investment, taxation, and retirement planning. Statistical analysis confirmed a significant positive association between financial literacy and sound financial behaviors, with higher literacy linked to improved budgeting, saving, and investment practices.</span></span></p> <p><span><span>The study highlights financial literacy as a critical driver of personal financial well-being and supports the call for targeted financial education initiatives to enhance economic participation and financial stability among immigrant communities.</span></span></p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_17065700 |
| institution | Zenodo |
| language | eng |
| publishDate | 2025 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | EVALUATING THE INFLUENCE OF FINANCIAL LITERACY ON PERSONAL FINANCIAL MANAGEMENT AMONG NIGERIAN RESIDENTS IN FREDERICTON, NEW BRUNSWICK Omokheyeke, Omorodion Financial Literacy, Personal Finance, Immigrants, Canada, Nigeria, Fredericton, Savings, Budgeting, Financial Behavior <p><span><span>This study evaluates the influence of financial literacy on personal financial management among Nigerian residents in Fredericton, New Brunswick. A quantitative research approach was used, involving a structured survey administered to 111 participants. Descriptive statistics were applied to assess financial literacy levels, while correlation and regression analyses were conducted to examine the relationship between financial knowledge and key behaviors, including budgeting, saving, investing, and credit management.</span></span></p> <p><span><span>Findings revealed moderate literacy in budgeting and saving but lower knowledge levels in investment, taxation, and retirement planning. Statistical analysis confirmed a significant positive association between financial literacy and sound financial behaviors, with higher literacy linked to improved budgeting, saving, and investment practices.</span></span></p> <p><span><span>The study highlights financial literacy as a critical driver of personal financial well-being and supports the call for targeted financial education initiatives to enhance economic participation and financial stability among immigrant communities.</span></span></p> |
| title | EVALUATING THE INFLUENCE OF FINANCIAL LITERACY ON PERSONAL FINANCIAL MANAGEMENT AMONG NIGERIAN RESIDENTS IN FREDERICTON, NEW BRUNSWICK |
| topic | Financial Literacy, Personal Finance, Immigrants, Canada, Nigeria, Fredericton, Savings, Budgeting, Financial Behavior |
| url | https://doi.org/10.5281/zenodo.17065700 |