ISSN: 2225-8329
Open access
This study pursues to analyse the impact of five critical financial variables, financial knowledge, financial literacy, financial self-efficacy, financial management practices, and financial attitude on the saving behaviour of students engaged in open, distance, and digital education. This study, based on the Theory of Planned Behaviour, aims to clarify the collective and individual interactions of these variables in shaping saving decisions, with the goal of creating effective financial education programs for digital learners. Data will be collected using a quantitative research methodology, incorporating standardized questionnaires distributed to a representative sample of students engaged in online and digital learning environments. To make sure the results are reliable and valid, the factors will be tested with tools that have been used in other studies. We will use Structural Equation Modeling (SEM) to look at the links between the independent variables and the dependent variable (saving behaviour). This will make it easier to examine the proposed hypotheses within the theoretical framework. Initial data suggests that all five independent variables demonstrate a positive correlation with saving behaviour, however to varying degrees. Financial attitude and self-efficacy were identified as the principal predictors, suggesting that learners' perceptions and confidence in their financial skills influence their saving behaviours. Better financial knowledge and literacy lead to better financial decisions and more disciplined saving plans. Good ways to manage money also help people turn information into action. The findings have considerable practical implications for policymakers, educators, and financial practitioners, underscoring the imperative to create customized financial literacy programs for online learners. This study identifies essential behavioural predictors of savings among digital learners, thereby addressing existing gaps and enabling the development of interventions that promote sustainable financial habits in increasingly digital and open learning contexts.
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