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Landscaping Pre-Service Teachers¡¯ Stress Caused by Lack of Financial Management

Author

Listed:
  • Ramesh Rao Ramanaidu
  • Sharmini Ghanaguru
  • Assunta Carolina Antonysamy
  • Sadhna Nair-Prakash

Abstract

Age plays an important role in the financial behaviour of people. Financial matters are usually more seriously perceived at later stages of life. Nevertheless, the role of age in financial behavior is inconclusive. This study intends to add to the literature on financial behavior by focusing on the relationship between expenditure planning, gender and stress. The distinctive feature of this study is its scope and the sample of people participating in it. Besides being young, the participants are pre-service teachers. Hence, studying their financial behavior also augurs well for the nation, for these are the shapers of its future. Using an online survey, 127 pre-service teachers responded to 17 questions, dwelling mainly on their financial behavior. Logistic regression was then used to identify whether expenditure planning is related to stress and gender. The findings reveal that the failure to plan one¡¯s expenditures could cause stress and in which gender could be the determinant factor. Thus, it is recommended to take actions on higher rate of financial literacy among pre-service teachers.

Suggested Citation

  • Ramesh Rao Ramanaidu & Sharmini Ghanaguru & Assunta Carolina Antonysamy & Sadhna Nair-Prakash, 2018. "Landscaping Pre-Service Teachers¡¯ Stress Caused by Lack of Financial Management," Business and Economic Research, Macrothink Institute, vol. 8(3), pages 172-182, September.
    • Handle: RePEc:mth:ber888:v:8:y:2018:i:3:p:172-182
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    More about this item

    Keywords

    Financial behaviour; Expenditure planning; Stress; Pre-service teachers;
    All these keywords.

    JEL classification:

    • G40 - Financial Economics - - Behavioral Finance - - - General
    • G4 - Financial Economics - - Behavioral Finance
    • M59 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Other

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