Saving culture and financial education Accounting students Central University of Nicaragua

Abstract

Introduction: savings culture and financial education were defined as tools that allow individuals to make informed money management decisions. Likewise, various literatures were reviewed to analyze and describe the impact of these variables on an individual's quality of life toward a stable economic future. Objective: to establish the correlation between savings culture and financial education in third and fourth-year Saturday-shift accounting students at the Universidad Central de Nicaragua during the third trimester of 2024. Method: a quantitative research study with a correlational design was conducted, which identified savings culture habits, determined financial education knowledge, and correlated both variables. Results: it was concluded that there is no significant correlation between savings culture and financial education. The results were obtained through a T-Student analysis, reaching a 95% (0.95) confidence level and a 5% (0.05) margin of error. The variables were analyzed under the Null Hypothesis (H₀): no correlation exists between savings culture and financial education, versus the Alternative Hypothesis (H₁): a correlation exists between savings culture and financial education. A significance level of 0.085 was obtained for H₀ and 0.541 for H₁; consequently, the alternative hypothesis (H₁) was rejected, and the null hypothesis (H₀) was not rejected. Conclusion: the lack of correlation between financial education and savings culture was evidenced among third and fourth-year Public Accounting and Auditing students in the Saturday shift at Universidad Central de Nicaragua.