Abstract: Making sound financial decisions is an essential skill which can have an impact on life of each consumer of financial products. The aim of this paper is to examine decision-making concerning financial matters and personal finance. The selected target group was university students majoring in finance related fields. The study was conducted in the Czech Republic at Masaryk University in 2015. In order to analyze financial decision-making questions related to basic finance decisions were developed to address the research objective. The results of the study suggest gaps in detecting best solutions to given financial decision-making questions among finance students. The analysis results indicate relation between financial decision-making and own experience with holding and using concrete financial products.
Abstract: Financial literacy is a widely discussed topic on the
national and international level by governments, organizations and
academia. For this reason, this study analyses financial knowledge,
financial behavior, and financial attitudes of students of finance. The
aim of the paper is to determine whether the financial literacy of
university students studying finance differs from the level of financial
literacy in selected OECD countries. The research was conducted at
Masaryk University in the Czech Republic. The empirical study
comprises questions related to several aspects of financial literacy,
such as financial knowledge, personal finance behavior, or decisionmaking.
The results indicate that improvement in financial literacy of
university students is still required, even though their major is finance
related.