Financial Behavior Relative to Financial Literacy and Financial Capability of Business Graduate Students

Many individuals are unable to get optimal use of available funds and find it difficult to deal with economic situation due to inability to manage financial behavior. This study was conducted to determine whether financial literacy and financial capability influences financial behavior of business graduate students. A descriptive-correlational research design was used, and the survey covered 100 students enrolled in school-year 2022-2023 in the higher education institution who were chosen using purposive sampling. A descriptive-correlational research design was used in this study with 100 respondents from the business graduate students enrolled in school-year 2022-2023 in the higher education institution who were chosen using purposive sampling. Mean, Standard Deviation, Pearson r, and Regression analysis were used to analyze the data. Results revealed that both financial literacy and financial capability are evident while financial behavior is favorable. The result also showed that there is significant relationship between financial literacy and financial behavior. Also, the result revealed that there is a significant relationship between financial capability and financial behavior among the business graduate students. Financial literacy and financial capability significantly influence in its independent capacity to financial behavior. Moreover, 53.7% of the variation in financial behavior could be attributed to the combined influence of financial literacy and financial capability

Financial Management, financial borrowing, money management

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