Effective money management is a crucial life skill that influences various aspects of an individual's personal and social life. For higher secondary school boys, who are on the cusp of adulthood, mastering this skill can impact their social interactions and overall well-being. This study explores the relationship between money management practices and social interactions among this demographic, aiming to understand how financial behaviors influence social dynamics and peer relationships.

Objectives:

To investigate the extent of money management skills among higher secondary school boys. To assess how these money management skills affect their social interactions.

To identify any potential correlation between financial behaviors and the quality of peer relationships.

The research employs a mixed-method approach, combining quantitative and qualitative methods to provide a comprehensive analysis. A structured questionnaire is distributed to a sample of higher secondary school boys, focusing on their financial management practices, including budgeting, saving, and spending. Additionally, qualitative interviews are conducted with a subset of participants to gain deeper insights into their financial behaviors and social interactions.

Quantitative data are analyzed using statistical techniques to identify patterns and correlations between money management skills and social interaction metrics. Qualitative data are analyzed thematically to extract common experiences and perceptions related to financial management and its impact on social relationships.

Preliminary results indicate that higher secondary school boys with well-developed money management skills tend to have more positive social interactions. These individuals are often more confident and less stressed about financial issues, leading to more stable and fulfilling peer relationships. Conversely, boys with poor money management skills may experience financial stress, which can negatively affect their social interactions and lead to increased social withdrawal or conflict.

The study also reveals that money management education within the school curriculum is associated with better financial behaviors and enhanced social interaction. Participants who received formal training in money management reported feeling more secure and competent in their financial decisions, which translated into improved social relationships.

The findings highlight the importance of integrating financial literacy into the educational framework for higher secondary school students. Effective money management not only contributes to individual financial stability but also fosters positive social interactions. By equipping students with financial skills, schools can help mitigate the social challenges associated with financial stress and promote healthier peer relationships. ‎

Money Management, Social Interaction, Financial Literacy

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