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Money management in high school

students:literature review
August 2019
DOI:10.33422/3rd.iachss.2019.08.482
Conference: 3rd International Academic Conference on
Humanities and Social Sciences

Authors:

Elvis BREGU

Armela Anamali
Universiteti Alexander Moisu Durres

Bitila Shosha
Universiteti Alexander Moisu Durres

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References (10)

Abstract

The purpose of this study is to investigate young people’s

ability to manage money and their prospects for the future.
The financial competence of Youth has an important
impact in improving the quality of life as well as the
financial and economic system of a country. This paper
addresses issues related to youth’s money management
competence, through researching aspects such as
consumption, the role of the family, other financial
socialization agents and their future. Youth attending
university are an important factor in this research. During
university years, young people have to take important
decisions pertaining directly their finances. The study
presents findings from the work of other authors on the
topic of youth financial management competence,
highlighting similarities and differences among them. Early
financial education within the family will impact youth’s
financial management competence. The majority of
findings indicated that several socio-demographic factors
such as education within family, education at school or
inclusion in labor market impacts youth’s ability to manage
money. To conclude this study, we will present several
important conclusions, which are supported by the work of
many authors as well as topical literature review. We will
also provide suggestions and recommendations for further
research in order to complete the studies and findings
related to youth’s competence to manage money.

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Money Management in High School Students:

Literature Review
Elvis Bregu1, Dr. Armela Anamali2, Dr. Bitila Shosha3

1
Convergence Program Lead, Vodafone Albania Sh.A, Tiranë, Albania
2Lecturer,
"Aleksander Moisiu" University, Business Faculty, Durrës, Albania
3Lecturer,
"Aleksander Moisiu" University, Business Faculty, Durrës, Albania

Abstract

The purpose of this study is to investigate young people’s ability to manage money and their
prospects for the future.
The financial competence of Youth has an important impact in improving the quality of life as
well as the financial and economic system of a country.
This paper addresses issues related to youth’s money management competence, through
researching aspects such as consumption, the role of the family, other financial socialization
agents and their future.
Youth attending university are an important factor in this research. During university years,
young people have to take important decisions pertaining directly their finances.
The study presents findings from the work of other authors on the topic of youth financial
management competence, highlighting similarities and differences among them.
Early financial education within the family will impact youth’s financial management
competence. The majority of findings indicated that several socio-demographic factors such as
education within family, education at school or inclusion in labor market impacts youth’s
ability to manage money.
To conclude this study, we will present several important conclusions, which are supported by
the work of many authors as well as topical literature review. We will also provide suggestions
and recommendations for further research in order to complete the studies and findings related
to youth’s competence to manage money.

Key Words: Money Management, Youth, Family, Financial Education, Financial Ability.

Introduction
A major issue faced by youth today is the negligent distribution of income. Apart difficulties
that they will cause to their families, difficulties which will most likely accompany them to
adulthood, it seems that the technology and advertising impact the choices they make.

124

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