DOI: 10.11118/978-80-7701-042-9-0078

THE MONEY MANAGEMENT HABITS OF HUNGARIAN SECONDARY SCHOOL GRADUATES

Zoltán Kovács¹, Anna Dunay², Mónika Hoschek¹

¹ University of Sopron, Sopron, Hungary

² John von Neumann University, Budapest, Hungary

Our research showed that all young people need a source of money. If they receive it regularly in the form of pocket money, they are not motivated to work, if they receive occasional pocket money, they tend to supplement their income with occasional work, while those who do not receive any pocket money at all take regular work to earn an income. We found that young people who receive pocket money regularly handle their money more consciously than those who have only occasional pocket money or no pocket money at all. We also found that young people who work are also more conscious in managing their money than those who have only occasional income from work or do not work at all. Our results also showed that students who have savings and tend to invest them in some types of financial instruments to earn a return have higher financial product knowledge than those who keep their savings in a bank account or in cash. Those with no savings have the lowest knowledge about financial instruments. The results clearly show that young people who use their resources more consciously have a higher level of practical financial product knowledge than their counterparts who use up their resources.

Klíčová slova: secondary school, money management, pocket money, savings

stránky: 78-80, online: 2025