Financial literacy, defined as taking knowledge-based decisions in order one to keep
his budget, contributes to increasing the welfare of individual, households, and the
society at macrolevel. To ensure that increase in welfare depends on taking financial
decisions that are right and knowledge-based. In addition to financial knowledge, it’s
also necessary to have positive attitudes and behaviours. As for these behaviours,
if they are developed by the family or the school at an early age, that leads to more
gains for the rest of life. In this context, the effect of level of the student’s financial
literacy on their individual budgeting behavior has been investigate dapplying a
questionnaire on the students of Gaziosmanpaşa University Faculty of Economics
and Administrative Sciences (FEAS). As a result of the study, it was found that there
is not a significant difference between the level of financial literacy (low or high)
and budgeting behaviour. It was also determined that student’s basic level financial
literacy is not low, but their advanced level financial literacy is low. It was also found
that financial literacy only differs in terms of gender and the financial literacy of
girls is higher than boys.

Keywords: Budgeting Behavior, Financial Literacy, Budget Management,
Gaziosmanpaşa University, FEAS.

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