FINANCIAL PLANNING AND BEHAVIOR OF STUDENTS IN NEPALESE HIGHER EDUCATION

The goal of this research is to examine the impact of personal and related factors on higher education students’ financial planning and behavior. The convenience sample approach was used to obtain data from 382 respondents using a well-structured questionnaire. To diagnose the data acquired, correlation and regression analysis were performed. The findings demonstrated that family background (FB), family support (FS), and financial socialization (FSO) all had a substantial impact on financial planning for students in higher education. Furthermore, family history has the greatest influence on financial planning, whereas financial socialization has the least impact. The practical consequences are clear for students in higher education, and they aid in good financial planning. The article’s novelty comes in its assertion that, in order to attain successful financial planning tactics, better influencing variables must be implemented.