Connect * Empower * Impact


2019 AFCPE® Research and Training Symposium


AFCPE Pre-Symposium: Sunday, November 17 - Tuesday, November 19
AFCPE Symposium: Tuesday, November 19 - Thursday, November 21
Schedule Subject to Change

Friday, November 16th, 2018
Category: College Students
College Students' Money Management and Financial Well-Being in a Digital Age
The past decade has experienced exponential growth of personal technology devices and applications to enhance personal money management. This study examined 180 undergraduate students between the ages of 18-25 at a large Midwestern research university to explore the knowledge of financial management in college students and their technology use in financial management. We also examined whether the use of technology, along with other factors may influence individual financial well-being.
Implications for Practitioners
:
Understanding the significance of personal technology devices and applications used in money management practices of college students provides parents, financial professionals, and educators with relevant tools and talking points to promote better money management practices and in the long run this may improve student's financial literacy.