engleski

Financial literacy of the student population in professional studies of the College of tourism and IT management in Virovitica

The problem of financial literacy has recently been given a great attention on the global, as well as national scale. The financial literacy of citizens depends on the financial education of the individual, regardless of their age. The complexity of financial products and services is becoming more distinct and it represents a challenge for the holders of the educational policy. Although there exist strategic documents with the aim of creating a basis for the complete involvement of the financial education into the educational processes on the national level, it is of a great importance to encourage active stakeholders engaged in the financial areas to intervene in the mutual activity and the promotion of financial literacy. The aim of this paper is thus to analyze the existent works and the present research on the financial literacy of citizens, as well as students and to examine and analyze the level of the financial literacy among the students in the professional studies of the College of Tourism and IT Management in Virovitica by means of a questionnaire, i.e. to collect the data about their attitudes, knowledge, financial behavior, as well as their attitude towards spending money. Since the focus of this work is placed on the professional studies, the paper will determine the students' attitudes on how the obligation of implementation of professional practice, field works and holding guest lectures by experts from the financial field can contribute to the strengthening of financial literacy among students, which is also a specific aim of this work. Based on the results obtained by the research, the authors will draw conclusions that will be a possible base for the improvement and/or revision of the existent study programs in part of the financial courses that are currently being held at the institution. The authors will also define recommendations for strengthening the financial literacy of students of the professional studies at the College so they can implement the obtained knowledge considering the making of financial decisions and in order for them to develop their consciousness of the financial possibilities further, taking into consideration all the possible risks.

financial literacy ; professional studies ; financial courses ; students ; financial education

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