Review of Financial Literacy Models for Educational Studies

Özkale, Abdullah; ERDOGAN, Emel OZDEMIR

doi:10.5152/hayef.2022.21050

Cited by 2 publications

(5 citation statements)

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“…According to Chen (2022), the concept of FL is often regarded as having multiple dimensions, with metrics encompassing a diverse array of knowledge that is not limited in scope leading to enhancements of financial well-being. However, the growing body of accounting educational research necessitates the use of many conceptual frameworks to establish connections and elucidate various elements of the issue (Özkale & Özdemir Erdoğan, 2022). To elucidate the connection between the aspects, the subsequent conceptual framework is delineated.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Research suggests that persons working in financially exposed environments possess a greater understanding of fundamental financial concepts when compared to individuals who do not (Ibrahim, Ismail, Engkamat & Kawit, 2016;Özkale and Özdemir-Erdoğan, 2022). According to Hendrawaty, Irawati, and Sadalia (2020), the degree of income has a significant impact on individuals' FL understanding in relation to their risk choices and tolerance.…”

Section: Work and Income Levelmentioning

confidence: 99%

“…According to Özkale and Özdemir-Erdoğan (2022), the influence of peers and coworkers can have a negative impact on the information delivered and its relevance to an individual's needs. Misinformation may be disseminated among law enforcement officials on an individual's subjective beliefs and financial conduct, leading to the replication of certain behaviours.…”

Section: Peers and Colleaguesmentioning

confidence: 99%

“…These concepts encompass an understanding of inflation, budgeting, investment and taxation mechanisms, the behaviour and calculation of interest rates, the calculation of retirement contributions, and the amortization of property. These examples serve to illustrate the practical application of financial concepts within the context of financial welfare, as highlighted by Özkale and Özdemir Erdoğan (2022). The subsequent issue has been identified.…”

Section: Importance Of Fl Interventionsmentioning

confidence: 99%

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Government interventions in the financial literacy of the law-enforcers

Malepe

2023

IJRBS

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Financial literacy (FL) is a crucial skill set that police officers must possess, particularly in managing their funds during their tenure in the police force and as they approach retirement from their service. The extent of an individual's FL will directly impact the extent of their financial planning knowledge and budgeting abilities required as a police officer, commencing from the initial stages of their career. The primary objective of this study is to investigate the level of FL within the police force, with a particular emphasis on the factors of financial knowledge, attitude, and behaviour. The study employed a simple random sampling technique to gather data from a sample of 68 law enforcement employees stationed in Vosman and Klipfointein. The data was acquired through survey questionnaires. The data were descriptively analysed using the Statistical Package for the Social Sciences (SPSS). The results of the study suggest that police officers often possess low to moderate levels of FL. However, there is a positive correlation observed between the variables under investigation. The recommendation proposes that the government should implement ongoing training and short-term interventions focused on FL, with a particular emphasis on tailoring these initiatives to individuals' income levels and lifestyles. This study utilized intervention and transformational learning theory to support law enforcement professionals in enhancing their financial planning both prior to and following their employment, by means of financial education.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Work and Income Levelmentioning

confidence: 99%

Section: Peers and Colleaguesmentioning

confidence: 99%

Section: Importance Of Fl Interventionsmentioning

confidence: 99%

See 2 more Smart Citations

Government interventions in the financial literacy of the law-enforcers

Malepe

2023

IJRBS

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“…In modern times, financial literacy education is considered by the governing bodies in many countries, along with initiatives by the Organization for Economic Co-operation and Development, because it is accepted as an important skill in the 21st century [3]. In 1940, the United States began to implement the infiltration education of economics education and personal financial literacy education in primary and secondary schools.…”

Section: Modern Financial Literacy Educationmentioning

confidence: 99%

Interactive Teaching of Cross-border Electronic-commerce Financial Literacy Education for Business English Major: Taking Labor Market and Opportunity Cost of Career as an Example

2023

FER

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Financial literacy plays a positive role in the sound development of the comprehensive ability of college students, including students of Business English major, who, in turn, can benefit from the penetration of financial literacy education into cross-border electronic-commerce(hereinafter referred to as CBEC) course teaching to form appropriate financial knowledge, skills and values related to CBEC industry. Labor market and opportunity cost of career, the two closely linked financial concepts, are of great importance to students of Business English major who are about to graduate from school and enter global labor market and are the initial priorities of CBEC financial literacy education. Through the interactive teaching of CBEC types in the course of Introduction to Cross-border Electronic-commerce, students of Business English major are supposed to know the knowledge of CBEC labor market, master the skills of analyzing opportunity cost of career in CBEC and shape proper values for choosing careers in CBEC industry.

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Review of Financial Literacy Models for Educational Studies

Cited by 2 publications

References 0 publications

Government interventions in the financial literacy of the law-enforcers

Government interventions in the financial literacy of the law-enforcers

Interactive Teaching of Cross-border Electronic-commerce Financial Literacy Education for Business English Major: Taking Labor Market and Opportunity Cost of Career as an Example

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