Financial literacy and personal financial planning among the households of migrant workers in Rainas Municipality, Lamjung, Nepal

Authors

DOI:

https://doi.org/10.32674/

Keywords:

financial knowledge, financial attitude, financial planning, households, Structural Equation Modeling (SEM)

Abstract

The aim of this study is to identify the different factors that affect personal financial planning among migrant households. The study employs an explanatory research design to examine the relationship between various factors that influence the personal financial planning of migrant households. It utilizes a purposive sampling method, collecting data from 100 respondents across 10 wards in Rainas Municipality, along with 10 randomly selected respondents. Data is collected through Google Forms and analyzed using SPSS (version 21), SPSS AMOS, and MS-Excel. The results reveal that the majority of households earn around 45,000 to 60,000 per month, indicating a healthy income inflow. The structural equation modeling (SEM) analysis shows that financial awareness (β= 0.218, P<0.05) has a significant relationship with financial planning, while financial knowledge (β= -0.085, P>0.05) and financial attitude (β= 0.044, P<0.05) do not have a significant relationship with financial planning.

Author Biographies

  • Anup Ghimire , Kathmandu Model College, Tribhuvan University, Bagbazar, Kathmandu, Nepal

    Kathmandu Model College, Tribhuvan University, Bagbazar, Kathmandu, Nepal

  • Ranjana Kumari Danuwar , Research Management Cell, Kathmandu Model College, Tribhuvan University, Bagbazar, Kathmandu, Nepal

    Research Management Cell, Kathmandu Model College, Tribhuvan University, Bagbazar, Kathmandu, Nepal

  • Bimla Kumari Gurung , Kathmandu Model College, Tribhuvan University, Bagbazar, Kathmandu, Nepal

    Kathmandu Model College, Tribhuvan University, Bagbazar, Kathmandu, Nepal

  • Ajaya Dhakal , Central Department of Management, Tribhuvan University, Kirtipur, Nepal

    Central Department of Management, Tribhuvan University, Kirtipur, Nepal

  • Dhurba Prasad Timalsina , Kathmandu Model College, Tribhuvan University, Bagbazar, Kathmandu, Nepal

    Kathmandu Model College, Tribhuvan University, Bagbazar, Kathmandu, Nepal

  • Deep Kumar Baral , Kathmandu Model College, Tribhuvan University, Bagbazar, Kathmandu, Nepal

    Kathmandu Model College, Tribhuvan University, Bagbazar, Kathmandu, Nepal

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Published

2025-05-01

Issue

Vol. 2 No. 2 (2023): Interdisciplinary Journal of Innovation in Nepalese Academia

Section

Research Articles

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Copyright (c) 2023 Interdisciplinary Journal of Innovation in Nepalese Academia

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How to Cite

Financial literacy and personal financial planning among the households of migrant workers in Rainas Municipality, Lamjung, Nepal . (2025). Journal of Innovation in Academia , 2(2), 147-159. https://doi.org/10.32674/

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