Financial Planning: A Study of University Students in South Punjab

Abstract

Students’ financial resources come from various sources like parental debt, credit cards and revenue from half-time work are their necessary financial sources. Financial administration abilities and information are expected to support students with the best of their required assets. However, in Pakistan, university students cannot plan financial resources effectively which lead to decrease their level of happiness due to decrease quality of life. To examine the effect of financial planning on student happiness, data were collected through a questionnaire and analyzed by using statistical tools. It is observed that financial planning has a positive role in the promotion of student happiness. It helps to achieve the specific aim of the study and leads to an increase in quality of life. In the same manner, the students who have the art of saving money and investing it in the future, their future is secure financially and they have a good sense of happiness for their future.