Journal article

International Journal of Economics, Commerce and Management


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Publication Details

Author list: Mbekomize C, Mapharing M

Publication year: 2015

Volume number: 3

Issue number: 3

Start page: 1

End page: 25

Number of pages: 25

ISSN: 2348 0386



Personal financial literacy is vital to all people from different walks of life. With good personal financial management an individual is able to make appropriate consumption and investment decisions. However, numerous studies have found that most people lack this important skill. This study examined the Botswana tertiary students’ personal assessments of their level of financial management knowledge and practices. The study also investigated students’ level of indebtedness and willingness to have a financial literacy course in their curriculum. The survey method was employed to solicit the views of students; descriptive analyses were made and independent T test was used to test the hypotheses. The findings of this study suggest that tertiary students believe they have above average personal financial management knowledge and business students have better financial knowledge than their non-business counterparts. The results further reflect that students perceive themselves to be moderately engaged in some good economic behaviour. The study also revealed that Botswana students do not have a debt problem but they are happy to have a financial literacy course added to their curricula. These results have implications for students as well as tertiary programme designers who ought to embrace the financial literacy course in the early stages of tertiary education


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Last updated on 2022-29-11 at 11:59