PERSONAL FINANCIAL PLANNING OF PEOPLE IN UDON THANI PROVINCE AFTER COVID-19 RESTRICTION
Keywords:
Personal Financial Planning, Factors, Behavior, COVID-19Abstract
This research article aimed to study the level of opinions about personal financial planning, to compare Personal financial planning behavior classified by demographic characteristics, and to study factors of the personal financial planning influencing on financial planning behavior of people in Udon Thani Province after COVID-19 restriction. The research model was quantitative research and used questionnaires for instrument research. The samples were 400 people who have jobs in Udon Thani Province. The sample size was determined according to Taro Yamane and used non-probability sampling by accidental sampling. The statistics used in the analysis were mean, standard deviation, One-Way ANOVA and Stepwise multiple regression analysis. The result of the study found People who have jobs in Udon Thani Province generally have opinions about personal financial planning and engage in it at a high level. Demographics such as gender, age, education, marital status, and income vary also affects different financial planning behaviors as well. Three key factors influence personal financial planning : Financial Attitude, Perception of information, Knowledge about financial planning. The all 3 factors are all the positive, at significance level 0.01. The results can be used to set financial goals. Increasing income and controlling expenses effectively to the additional savings and investments to cover all the payments in retirement. and reduce the risk of various problems that cannot be controlled in the future.
References
Boon, T. H., Yee, H. S., & Ting, H. W. (2011). Financial literacy and personal financial planning in Klang Valley, Malaysia. International Journal of Economics and Management, 5(1), 149-168. https://www.researchgate.net/publication/268183126
Boonnun. W. (2018). Financial planning curriculum: Course 1: Fundamentals of financial planning (CFP). KKBS Journal of Business Administration and Accountancy , 2 (2), 65-65.
Chanapai, A., & Prukumpai, S. (2022). Factors Affecting Personal Financial Planning for Retirement of the People of Generation Y. Journal of Interdisciplinary Research: Graduate Studies, 11(2). https://so03.tci-thaijo.org/index.php/JIRGS/article/view/262712
City Law Office. (2021). New normal in world after COVID-19 where nothing is the same. Retrieved August 15, 2023, from https://webportal.bangkok.go.th/citylaw/page/sub/18819/title/3/
Gitman, L. J., Joehnk, M. D., & Billingsley, R. S. (2020). Personal financial planning. (13th ed.). OH: South Western Cengage Learning.https://so05.tci-thaijo.org/index.php/RJPJ/article/view/257544
Kerdjaras, S. (2018). Personal financial planning for retirement: a case study of Tha Sai Housing Community, Bangkok. Suthiparithat , 32 (102), 58-69. https://so05.tci-thaijo.org/index.php/DPUSuthiparithatJournal/article/view/243409
Kitdamrongtham, P, & TulaSombat, S. (2023). Personal financial planning for each age group with visualization techniques. Rajamangala University of Technology Suvarnabhumi Journal of Liberal Arts , 5 (2), 288-303. https://so03.tci-thaijo.org/index.php/art/article/view/269313
Klinglek, L., et al. (2022). Motivating factors affecting financial planning of the new generation in Mueang District, Pattani Province. Rajapark Journal , 16 (47), 319-331. https://so05.tci-thaijo.org/index.php/RJPJ/article/view/257544
Kuanrudee, H., Srimaitri, M., & Tamsiwan, O. (2022). Personal financial planning according to the principles of sufficiency economy for the people of Kham Hai Yai Subdistrict, Don Mod Daeng District, Ubon Ratchathani Province. Journal of Management and Development of Ubon Ratchathani Rajabhat University , 9 (1), 107-122. https://so06.tci-thaijo.org/index.php/JMDUBRU/article/view/257466
Labor office Udon Thani Province. (2023). Report on the labor situation in Udon Thani Province, 4rd quarter of 2021 (October – December). Udon Thani : Labor office Udon Thani Province.
Labor office Udon Thani Province. (2023). Report on the labor situation in Udon Thani Province, 2rd quarter of 2023 (July – September). Udon Thani : Labor office Udon Thani Province.
Lai, M. M., & Tan, W. K. (2009). An empirical analysis of personal financial planning in an emerging economy. European Journal of Economics, Finance and Administrative Sciences, 16(16), 102-115.
Leewiwatwong. S., et al. (2022). Factors affecting personal financial planning of school teachers under the Office of the Primary Educational Service Area, Phayao Province, District 1. Journal of Humanities and Social Sciences, Maha Sarakham University , 41 (2), 104-112. https://so03.tci-thaijo.org/index.php/humsujournal/article/view/253078
Lomtaku, W., & Leewiwatwong, S. (2023). Personal financial planning of tour guides in Chiang Mai Province during the outbreak of the 2019 coronavirus disease. Rajapark Journal , 17 (55), 160-173. https://so05.tci-thaijo.org/index.php/RJPJ/article/view/265581
Mahapatra, M. S., Raveendran, J., & De, A. (2019). Building a model on influence of behavioural and cognitive factors on personal financial planning: A study among Indian households. Global Business Review, 20(4), 996-1009.
National Health Commission office (NHCO). (2021). Looking at Thai Society after COVID-19 Reinforcing the Importance of Decentralization Paving the Way for National Reform. Retrieved August 15, 2023, from https://www.nationalhealth.or.th/en/node/ 2242.
Poolphon, S. (2022). Personal financial management for retirement age academic personnel within Phra Nakhon Si Ayutthaya Rajabhat University with financial innovation from logistics regression analysis: financial innovation, personal financial management, Analysis of logistic regression . Journal of MCU Buddhist Panya Review , 7 (4), 109-119. https://so03.tci-thaijo.org/index.php/jmbr/article/view/258852
Rachanikorn, A., et al. (2023). Personal financial planning for retirement of personnel of Prince of Songkla University, Hat Yai Campus. Procedia of Multidisciplinary Research , 1 (10), 28-28. https://so09.tci-thaijo.org/index.php/PMR/article/view/3325
Saisombat, P., & Suwankiri. D. (2022). Adjustment of the elderly under the COVID-19 situation. Journal of MCU Buddhist Panya Review , 7 (3), 94-107.
Sarapat, S., Inlakorn, S., & Chinchot, C. (2022). Personal financial planning of the working age population in Chonburi Province. Journal of Roi Kaensarn Academi , 7 (3), 218-234.
Somsri, W., & Yomjinda, L. (2023). Factors affecting financial planning for retirement of personnel of the Office of the Ombudsman. Journal of Philosophy, Doctor of Philosophy in Social Sciences , 2 (1), 50-64.
Srisa-at, B. (2017). Preliminary research. (10rd ed.) Bangkok : Suriyasan.
Suthiphongphan, A. (2021). Personal financial planning behavior of cadets at Chulachomklao Royal Military Academy. Journal of Yala Rajabhat University , 16 (3), 357-366. https://so04.tci-thaijo.org/index.php/yru_human/article/view/244555
Udomchian, A. (2018). Personal financial planning of employees of Bangkok Life Assurance Public Company Limited. Journal of Political Science, Suan Sunandha Rajabhat University , 1 (1), 56-64. https://so04.tci-thaijo.org/index.php/polssru/article/view/248302
Utthasingh, C., et al. (2023). The role of financial learning in financial planning. Personal finance. M.J. Ubon Review Journal , 8 (2), 209-218. https://so06.tci-thaijo.org/index.php/mcjou/article/view/266885
Wanichbancha, K. (2016). Statistical analysis: statistics for administration and research. (16th printing). Bangkok : Chulalongkorn University Press.
Wiriyachongcharoen, C. (2020). Accounting behavior of income and expenses for personal financial planning of people in the Thonburi area. Journal of Political Science, Suan Sunandha Rajabhat University, 3 (1), 9-20. https://so04.tci-thaijo.org/index.php/polssru/article/view/248285
Yamane, T. (1973). Statistics: An Introductory Analysis. (3rd ed.) New York : Harper and Row Publications.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Journal of MCU Buddhapanya Review
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
