The Impact Of Financial Literacy On Financial Decision Making Among University Students.
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Date
2025-09-11
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Uganda Christian University
Abstract
The study investigated the impact of financial literacy on financial decision making
among university students in Uganda. it was guided by the following objectives.: To
assess the influence of financial knowledge on financial decision making among
university students in Uganda, to analyze how financial awareness affects financial
decision making among university students in Uganda. and to investigate the role of
financial skills in shaping financial decision making among university students in
Uganda.
The research design for this study was a descriptive and cross sectional survey
design.
Generally, the combined mean across knowledge (3.95), awareness (4.01), and skills
(3.97) is 3.98, indicated a strong positive impact. This supports the main objective,
with consistent high agreement across dimensions.
Conclusions; Financial literacy significantly enhances decision-making at UCU.
Knowledge supports foundational understanding, awareness improves risk
recognition, and skills enable action. Gaps in investments, information-seeking, and
tools highlight areas for intervention, addressing the problem statement’s focus on
debt and savings to support national goals.
Recommendations; Uganda Christian university should Integrate mandatory financial
literacy modules into curricula, focusing on investments and digital tools, via
workshops and active learning.The Policymakers Should Develop national programs
promoting literacy in universities, targeting gaps in awareness and skills for financial
inclusion.