International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 7, Issue 1 (January-February 2025) Submit your research before last 3 days of February to publish your research paper in the issue of January-February.
Submit Research Paper Join as a Reviewer

Plagiarism is checked by the leading plagiarism checker TurnItIn

Call for Paper

Volume 7 Issue 1
January-February 2025

Submit your research paper

Indexing Partners
Academia Advanced Sciences Index Bielefeld Academic Search Engine CiteSeer DRJI Google Scholar Independent Search Engine & Directory Network ISI (International Scientific Indexing) Issuu Mendeley Research Networks
RefSeek ResearcherId - Thomson Reuters ResearchGate Scirus Scribd Semantic Scholar UTeM - Universiti Teknikal Malaysia Melaka Wiki for Call for Papers WorldCat Zenodo

Personal Financial Management and Perceived Efficacy of Financial Products at Y-Save Multi Purpose Cooperative, Uganda

Author(s) Mark D. Walugembe, Olutayo K. Osunsan, Danstan Kisuule
Country Uganda
Abstract This study explores the relationship between personal financial management (PFM) practices and the perceived efficacy of financial products offered by Y Save Uganda, a member-driven savings and investment cooperative. Financial products, ranging from savings accounts and loans to digital financial services, play a pivotal role in enhancing economic stability and financial security. However, their efficacy in meeting consumers’ needs often depends on users’ financial literacy and management behaviours. This research utilizes a cross-sectional survey design with a sample of 300 members to assess the impact of PFM practices, including budgeting, saving, and debt management, on product satisfaction and utility. Results indicate a statistically significant, albeit modest, positive relationship between PFM practices and product efficacy perceptions ((β = .154, p = .006); explaining 2.4% of the variance. The findings underscore the need for enhanced financial literacy programs and tailored financial advisory services to optimize financial product use. Recommendations include expanding digital financial solutions and innovating product offerings to support member financial resilience and inclusion.
Keywords Personal Financial Management (PFM), Financial Product Efficacy, Financial Inclusion, Savings and Investment Cooperatives, Financial Literacy
Field Business Administration
Published In Volume 7, Issue 1, January-February 2025
Published On 2025-02-07
Cite This Personal Financial Management and Perceived Efficacy of Financial Products at Y-Save Multi Purpose Cooperative, Uganda - Mark D. Walugembe, Olutayo K. Osunsan, Danstan Kisuule - IJFMR Volume 7, Issue 1, January-February 2025. DOI 10.36948/ijfmr.2025.v07i01.35956
DOI https://doi.org/10.36948/ijfmr.2025.v07i01.35956
Short DOI https://doi.org/g84fdp
View / Download PDF File

Share this



E-ISSN 2582-2160
CrossRef

CrossRef DOI is assigned to each research paper published in our journal.

IJFMR DOI prefix is
10.36948/ijfmr

Downloads
Research Paper Format Copyright Permission Form and Undertaking Form Cover Page Vol 7 Isu 1Cover Page Vol 6 Isu 6Cover Page Vol 6 Isu 5

All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.

CC-BY-SA Open Access

About IJFMR
Fees & Payment
Current Issue
Publication Archive 		Submit Research Paper
Track Submission Status
Publication Guidelines
Publication Ethics
Peer Review & Plagiarism 		Join as a Reviewer
Editors & Reviewers
Reviewer Referral Program
Get Reviewer Membership Certi. 		Website/Journal Policies
Usage Policy
Content Policies
Privacy Policy
Contact Us +91-9687-828-838 editor@ijfmr.com