Methodology
This research used a combination of methods to examine CPUT students' financial literacy level
and their capacity to effectively control their finances. The study design involved an online
survey questionnaire and in-person, detailed interviews.
The survey was created to collect numerical information, including 10 questions about financial
knowledge, budgeting practices, income handling, and demographic details. The survey was
sent out to a varied group of 8-10 students through an online platform.
3-4 students were interviewed in person to collect qualitative insights. Three questions without
specific answers examined financial difficulties, ways of dealing with them, and
recommendations for enhancement.
There were four stages involved in the research process. It took a period of three days to create
the questionnaire and conduct pilot testing. Data gathering lasted five days, with both online
surveys and in-person interviews being conducted. It took four days to analyse the data, using
descriptive statistics for questionnaire data and thematic analysis for interview transcripts. In
conclusion, it took a total of 12 days to report and compile the findings.
In order to guarantee reliability and validity, the questionnaire design and pilot testing, reviewed
by lecturer. Participants were requested to give their consent and were assured
of confidentiality.
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This study was conducted to meet the necessary criteria of the Diploma in
Accountancy program, with the goal of analysing the level of financial literacy among CPUT
students and suggesting ways to enhance financial education and support services.