Finance and Budgeting the Overall Thesis

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The overall impact of financial management is not only on the finances of the students but also their overall academic performance. The higher the overall expenses of a student, the higher will be his inclination to find work and invest more hours in earning a respectable wage as opposed to studying. Lyons (2003) in his study found that the overall ratio for students who felt that their academic performance was affected by financial mismanagement was 1:3. In contrast to that, Bodvarsson and Walker (2004) in their study asserted that, under controlled conditions, the likelihood of failure was more common amongst students who received some form of help form their parents or committees then those who were earning their finance personally.

There have been numerous studies that have focused on the financial management of college students, with special attention to their use of credit cards.
Davies and Lea in their study (1995) explain that the students with an overall high socioeconomic background prefer maintaining their lifestyle in college either through taking debts or merely expecting their self-financed meager wages to just a temporary phase. Some of the common factors that the researchers have discussed in their studies include: the impact of gender on financial management (Armstrong & Craven, 1993; Hayhoe et al., 1999, 2000), mind-sets on the overall usability of credit cards and their impact on financial management (Hayhoe et al., 1999, 2000, 2002; Roberts & Jones, 2001), the impact of marital status on financial management (Hayhoe et al., 2000), income (Hayhoe et al., 2000; Zhou & Su, 2000; U.S. General Accounting Office, 2001), and the impact of parental involvement on financial.....

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https://www.aceyourpaper.com/essays/finance-budgeting-overall-17714