EFFECTIVENESS OF FINANCIAL EDUCATION WORKSHOPS AMONG UNIVERSITY FACULTY MEMBERS

The objective of this paper is to see whether the financial literacy programme have any impact on the respondents. This is carried out by administering a questionnaire to faculty members of a university prior and post the workshop. Two such workshops were conducted. The questions covered the topics such as savings, compounding, inflation, life insurance, safety, risky asset investments, home loan interest, bond prices, diversification etc. The difference in the scores scored by them between the post-test and pre- test in both the workshops is found to be significantly positive. Thus, one could infer that the financial education programmes conducted by the authors were instrumental in improving the financial knowledge of the faculty members who attended the programmes, which in turn will improve the quality of their future financial investment decisions.