Method The purpose of this study is to investigate and analyze financial knowledge and financial behaviors of 21st century Chinese college students in Zhejiang province. This study uses mixed methods to collect and analyze data. Due to the research question is specific and limited by the region, a questionnaire is considered to be the best method to collect relevant data. The questionnaire consists of 16 questions, which is specifically designed to collect information about Chinese college students’ financial behaviors. The first part including three questions that collects the basic information of students, which involves gender, major and family annual income. The second part collects data about students’ financial attitudes and behaviors.
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Academic study b. Family c. Media (e.g. Internet, television) d. Extra-curricular books
5) How sure do you feel about your ability to manage your own finances?
a. Not sure at all – I know almost nothing about financial management
b. Not too sure – I knew something about financial management
c. Somewhat sure – I understand most of what I need to know
d. Very sure – I understand financial management very well
6) How interested are you in increasing your financial knowledge?
a. Very uninterested b. Somewhat uninterested c. Not sure
d. somewhat interested e. Very interested
7) Do you check your bills regularly and make records of your income and expenses?
a. Never b. Seldom c. Sometimes d. Usually e. Always
8) Do you adjust your cash expenses based on your spending?
a. Never b. Seldom c. Sometimes d. Usually e. Always
9) Do you save money on a regular basis?
a. Never b. Seldom c. Sometimes d. Usually e. Always
10) What you plan to do with your savings?
a. Education b. Investment c. Large consumption d. Others
11) Do you have a credit card?
a. No b. Yes, a principal card c. Yes, a supplementary card
12) How do you usually pay your monthly credit card bills?
a. I pay the minimum b. I pay between the minimum and full …show more content…
Most of the students are not very interested in financial management. This may become a major problem in promoting Chinese college students’ financial abilities. Although China’s higher education has developed rapidly in recent years, most of students lack of financial knowledge, and they pay less attention to arranging their income and expenditure. Moreover, some parents hold the view that college students ought to concentrate on improving their academic studies, but not financial management. These all significantly influence their financial
Academic study b. Family c. Media (e.g. Internet, television) d. Extra-curricular books
5) How sure do you feel about your ability to manage your own finances?
a. Not sure at all – I know almost nothing about financial management
b. Not too sure – I knew something about financial management
c. Somewhat sure – I understand most of what I need to know
d. Very sure – I understand financial management very well
6) How interested are you in increasing your financial knowledge?
a. Very uninterested b. Somewhat uninterested c. Not sure
d. somewhat interested e. Very interested
7) Do you check your bills regularly and make records of your income and expenses?
a. Never b. Seldom c. Sometimes d. Usually e. Always
8) Do you adjust your cash expenses based on your spending?
a. Never b. Seldom c. Sometimes d. Usually e. Always
9) Do you save money on a regular basis?
a. Never b. Seldom c. Sometimes d. Usually e. Always
10) What you plan to do with your savings?
a. Education b. Investment c. Large consumption d. Others
11) Do you have a credit card?
a. No b. Yes, a principal card c. Yes, a supplementary card
12) How do you usually pay your monthly credit card bills?
a. I pay the minimum b. I pay between the minimum and full …show more content…
Most of the students are not very interested in financial management. This may become a major problem in promoting Chinese college students’ financial abilities. Although China’s higher education has developed rapidly in recent years, most of students lack of financial knowledge, and they pay less attention to arranging their income and expenditure. Moreover, some parents hold the view that college students ought to concentrate on improving their academic studies, but not financial management. These all significantly influence their financial