Financial literacy has emerged as a critical component influencing individual financial behavior, economic decision-making, and overall financial well-being. This study investigates the level of financial literacy among university students and the factors influencing their financial behaviour. Findings indicates that students generally possess low to moderate financial literacy, with significant gaps in areas such as budgeting, saving, investment, and debt management, students' financial decisions are strongly influenced by gender, parental background, academic discipline, and access to financial education. Male students tend to exhibit higher financial confidence and risk tolerance, while female students demonstrate more cautious financial behavior. Additionally, students with prior exposure to financial education or personal finance courses show better financial knowledge and decision-making capabilities. The findings underscore the critical need for incorporating structured financial education into university curricula to enhance students’ financial competence. The study concludes that empowering students with practical financial knowledge is essential for fostering responsible financial behavior, reducing future indebtedness, and promoting long-term financial well-being.
Monsang et al. (Sun,) studied this question.