Factors Affecting Personal Financial Planning Behavior of Ang Thong Hospital Personnel
Keywords:
personal financial planning behavior, Ang Thong Hospital personnel, FinancialAbstract
This survey research aimed to examine 1) the level of personal financial planning, 2) factors influencing financial planning behaviors, and 3) the relationship between demographic factors and financial planning among 306 staff members of Ang Thong Hospital, determined using Krejcie and Morgan’s sampling formula. Data were collected from questionnaires. Data were analyzed using descriptive statistics and multiple regression analysis.
The results showed that: 1) Overall personal financial planning behavior was high (=3.55, S.D.=0.73), with consumption planning scoring highest (
=4.09, S.D.=0.69), followed by debt management (
=3.91, S.D.=0.55) and asset acquisition planning (
=3.60, S.D.=0.85), while savings/investment planning scored lowest (
=3.13, S.D.=0.98). 2) Personal factors (age, job position, education level) showed statistically significant but weak positive correlations (p<0.05) with financial planning behaviors, collectively accounting for 23.17% of variance.
References
Singsom, A., & Klongdee, J. (2021). Personal financial literacy and saving behavior among
Thai civil servants. Journal of Financial Planning and Education, 3(3), 70–84.
Phanthuwong, P., & Somkotra, T. (2022). Financial stress and health outcomes among public hospital workers in rural Thailand. Thai Journal of Health Economics, 4(2), 20–35
Jantarasorn, W., & Thammaporn, S. (2023). Factors influencing personal financial planning behavior among public sector employees in Thailand. Journal of Behavioral Finance and Economics, 6(1), 45–59.
Krejcie RV, Morgan DW. Determining Sample for Size for Research Activities. Educational and Psychological Measurement 1970, 30, 607-610.
Polit DF, Beck CT. Research in Nursing Generating and Assessing Evidence for Nursing Practice (10thed.). Philadelphia: Lippincott Williams & Wilkins; 2017.
Gubta KK, Attri JP, Singh, A, Karu H, Karu G. Basic concepts for sample size calculation: Critical
step for any clinical trials. Saudi J Anaesth 2016, 10(3), 328-331
Bruggen, E., Post, T., & Loerwald, D. (2022). Age differences in financial decision-making: The roles of experience and cognitive aging. Journal of Behavioral and Experimental Finance, 33, 100603. https://doi.org/10.1016/j.jbef.2021.100603
Xiao, J. J., & O'Neill, B. (2022). Consumer financial behavior: The role of age, gender, and financial knowledge. International Journal of Consumer Studies, 46(3), 678-692. https://doi.org/10.1111/ijcs.12712
