*Director, PSG Institute of Management, PSG College of Technology, Coimbatore, Tamilnadu, India
**Research Scholar, PSG Institute of Management, PSG College of Technology, Coimbatore, Tamilnadu, India
Online published on 2 August, 2016.
This research work investigates factors affecting personal financial decisions by examining the relationships among three factors including personal financial experience, financial thinking and financial knowledge. The research model is examined using a survey approach on the management students in Coimbatore. In the paper, Frequencies, Mean, ANOVA and SEM Model were used in carrying out analysis. The study identified that overall financial decision of the students is affected by some of their demographic, educational and personality characteristics. Students need a little help with budgeting, understanding credit and skills to save for the future. This paper could be useful references for related organizations as well as financial institutes that are interested in developing personal financial management in a context of emerging economies like Coimbatore.
Financial Decisions, Financial Experience, Financial Thinking, Financial Knowledge, Management Students
