Medical practitioners learn money management by trial and error and often realize the mistakes and shortfalls at later stages of life. This study measured the levels of personal financial management knowledge and attitude of the medical practitioners in yeka and bole sub. In this cross sectional study, a pre-tested questionnaire was used to conduct face to face interviews with randomly selected medical specialist, medical officers, nurses and other health officers through a multistage sampling.
A total of 385 (53.0% yeka sub city and 47.0% bole sub city) medical practitioners. The aim of this study is to assess the level of knowledge and attitude of medical practitioners towards personal financial management in Addis Ababa city administration yeka and bole sub city public health center. Thus, the target population of this study is all medical practitioners in Addis Ababa city administration yeka and bole sub city. The number of medical practitioners considered for this study was 197 using stratified random sampling technique.
The analysis is done through using descriptive statistics including cross tabulation, charts and tables and from inferential statistics Chi-square test of independence and Logistic regression model, which are used to determine the factor that affect medical practitioner’s attitude and knowledge on personal financial management. Based on the result of this research paper, Academic qualification, financial knowledge, cash & credit management and saving & risk management is the most effective variable to affect the attitude and knowledge of medical practitioners towards personal financial management.
Table of Contents
- CHAPTER 1: INTRODUCTION
- 1.1 Background of study
- 1.2 Problem Statement
- 1.3 The Study Objective
- 1.3.1 Major Objective of the Study
- 1.3.2 Specific objectives of the Study
- 1.4 Research questions of the Study
- 1.5 Hypotheses of the Study
- 1.6 The Significance of the Study
- 1.7 Scope of the Study
- 1.8 Organization of the Study
- 1.9 limitation of the study
- 1.10 Conclusion
- CHAPTER TWO: LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Theoretical framework of the study
- 2.2.1 Overview of personal financial management
- 2.2.2 The birth of personal financial management and its features
- 2.2.3 History of personal financial management in Ethiopia and its features
- 2.2.4 The Importance of Personal Financial Management
- 2.2.4.1 The need for personal financial management studies
- 2.2.4.2 Personal Financial Management Process
- 2.2.5 Major Factors affecting personal financial management
- 2.2.5.1 Demographic Variables
- 2.2.5.2 Financial Knowledge
- 2.2.5.3 Financial Attitude
- 2.2.5.4 Financial Planning
- 2.3 Empirical works on personal financial management
- 2.4 Conceptual framework of Personal Financial Management
- 2.5 Research gap
- CHAPTER THREE: METHODOLOGY OF THE RESEARCH
- 3.1 Introduction
- 3.2 The study area and Study Population
- 3.3 Research Design
- 3.4 Data sources
- 3.5 Methods of Data Collection
- 3.6 Reliability of the research instrument
- 3.7 Validity of the research instrument
- 3.8 Sampling Design
- 3.8.1 Sampling technique
- 3.8.1.1 Purposes and stratified sampling
- 3.8.2 Sample Size determination
- 3.9 Model specification and Data Analysis
- 3.9.1 Model specification
- 3.9.2 Method of Data Analysis
- 3.9.2.1 Descriptive Statistics
- 3.9.2.1 Inferential Statistics
- 3.9.2.2.1 Chi-square test of independence
- 3.9.2.2.2 Logistic Regression
- 3.9.2.2.3 Test statistics for overall models
- 3.9.2.2.4 Test statistics for each coefficient
- CHAPTER FOUR: DATA ANALYSIS, FINDINGS AND DISCUSSIONS
- 4.1 Introduction
- 4.2 Reliability of data collection Instrument
- 4.3.1 Distribution of Socio-demographic factors towards attitude and knowledge of medical practitioner
- 4.3.2 Position of medical practitioners in Sub city
- 4.3.3 Monthly income with inadequate knowledge and Attitude
- 4.3.4 Financial Management Attitude
- 4.3.5 Financial Management Knowledge
- 4.4 Data analysis of inferential statistics
- 4.4.1 Chi-square Test of Independency
- 4.4.2 Binary Logistic Regression Analysis
- 4.4.2.1 Goodness of Fit Test
- 4.4.2.2 Classification table
- 4.4.3 Model Estimation
- 4.5 Conclusion
- CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSIONS AND RECOMMENDATIONS
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusions
- 5.4 Recommendations
- 5.4.1 Policy recommendations
- 5.4.2 Recommendations for further research
Objectives and Key Themes
This study aims to investigate the factors influencing personal financial management among medical practitioners. It seeks to understand the relationship between demographic variables, financial knowledge, financial attitude, and financial planning with the adoption of sound personal financial management practices.
- Personal Financial Management Practices of Medical Practitioners
- Influence of Demographic Factors on Financial Management
- Relationship between Financial Knowledge and Financial Behavior
- The Role of Financial Attitudes in Personal Finance Decisions
- Impact of Financial Planning on Financial Well-being
Chapter Summaries
CHAPTER 1: INTRODUCTION: This chapter sets the stage for the research by introducing the background of the study, outlining the problem statement, defining the objectives (both major and specific), and posing the research questions and hypotheses. It also discusses the significance, scope, and limitations of the study, concluding with an overview of the study's organization. The chapter establishes the context and rationale for the research, highlighting the gap in knowledge that the study aims to fill.
CHAPTER TWO: LITERATURE REVIEW: This chapter provides a comprehensive review of existing literature on personal financial management (PFM). It explores the theoretical framework, examining the historical development and features of PFM in Ethiopia and globally. It delves into the importance of PFM, highlighting the need for related research and outlining the key processes involved. The chapter then investigates major factors affecting PFM, including demographic variables, financial knowledge, attitude, and planning. Finally, it reviews empirical works on PFM, identifying research gaps that this study aims to address and presenting a conceptual framework. The chapter builds a foundation for the study by synthesizing existing knowledge and establishing a clear theoretical basis for the research questions.
CHAPTER THREE: METHODOLOGY OF THE RESEARCH: This chapter details the research methodology employed in the study. It describes the study area and population, outlines the research design (likely quantitative), specifies the data sources and data collection methods, and addresses the reliability and validity of the research instruments. The chapter also explains the sampling design, including the sampling technique and sample size determination. Crucially, it outlines the model specification and data analysis techniques used, which appear to include descriptive and inferential statistics such as chi-square tests and logistic regression. This chapter ensures the transparency and rigor of the research process.
CHAPTER FOUR: DATA ANALYSIS, FINDINGS AND DISCUSSIONS: This chapter presents the analysis of collected data, the findings of the study, and a discussion of their implications. It begins by assessing the reliability of the data collection instrument, followed by an analysis of socio-demographic factors and their relationship to attitudes and knowledge concerning personal financial management. The chapter will then present the analysis of inferential statistics, including the results of chi-square tests and logistic regression, examining the influence of various variables on the personal financial management practices of medical professionals. The discussion section will interpret the statistical results, connecting them to the theoretical framework and existing literature. It is important to note the absence of conclusive statements at this stage in the document.
Keywords
Personal financial management, medical practitioners, Ethiopia, financial knowledge, financial attitude, financial planning, demographic variables, logistic regression, chi-square test, financial well-being.
Frequently Asked Questions about "A Study on Personal Financial Management Practices of Medical Practitioners in Ethiopia"
What is the main topic of this study?
This study investigates the factors influencing personal financial management (PFM) among medical practitioners in Ethiopia. It explores the relationship between demographic variables, financial knowledge, financial attitudes, financial planning, and the adoption of sound PFM practices.
What are the key objectives of the study?
The study aims to understand how demographic factors, financial knowledge, attitudes, and planning affect the personal financial management practices of medical professionals. Specific objectives include identifying the prevalence of various PFM practices, assessing the influence of demographic variables, and determining the relationship between financial knowledge/attitudes and financial behavior.
What is the scope of the study?
The study focuses on medical practitioners in Ethiopia. It examines various aspects of PFM, including knowledge, attitudes, planning, and actual practices. The geographical scope is limited to the specified study area within Ethiopia.
What methodology is used in this study?
The study employs a quantitative research design. Data is collected through methods not explicitly stated, and analyzed using descriptive and inferential statistics. Inferential statistics include chi-square tests and logistic regression to examine the relationship between variables. The sample size and sampling technique (stratified sampling) are described in the methodology chapter.
What are the key themes explored in this study?
The key themes revolve around personal financial management practices of medical practitioners, the influence of demographic factors, the link between financial knowledge and behavior, the role of financial attitudes, and the impact of financial planning on financial well-being.
What are the key findings (as previewed)?
The full findings are presented in Chapter 4. The preview suggests analysis will cover socio-demographic factors, financial management attitudes and knowledge, and the application of inferential statistics like chi-square tests and logistic regression to explore relationships between variables. Goodness-of-fit tests and classification tables for logistic regression are also mentioned.
What are the chapters included in the study?
The study is structured into five chapters: Chapter 1 (Introduction), Chapter 2 (Literature Review), Chapter 3 (Methodology), Chapter 4 (Data Analysis, Findings, and Discussions), and Chapter 5 (Summary of Findings, Conclusions, and Recommendations).
What are the conclusions and recommendations (as previewed)?
The detailed conclusions and recommendations are in Chapter 5. The preview indicates the chapter will summarize findings, present conclusions based on the analysis, and offer policy recommendations as well as suggestions for future research.
What are the keywords associated with this study?
Keywords include personal financial management, medical practitioners, Ethiopia, financial knowledge, financial attitude, financial planning, demographic variables, logistic regression, chi-square test, and financial well-being.
Where can I find more detailed information?
The complete study provides detailed information on the methodology, data analysis, findings, conclusions, and recommendations. The table of contents provides a structured outline of the study’s components.
- Quote paper
- Sisay Nigatu (Author), 2019, Personal Financial Management. Which Factors Affect it?, Munich, GRIN Verlag, https://www.grin.com/document/490392
