The effect of Mothers' financial Literacy on their Children's Lifestyle and Academic Achievement (Case study of Female High School Students)

Maternal financial literacy in children's lifestyle and academic achievement in the family can be one of the effective variables, so the present study was conducted to determine the effect of mothers' financial literacy on children's lifestyle and academic achievement.

The present study was applied in terms of purpose and methodology in the category of descriptive correlational research. The statistical population of the study was all 6700 first grade female high school students in Bojnourd and their mothers in the academic year 2021-2022, of which 363 were students and their mothers were in clusters according to Morgan's table. Step by step samples were selected. Data collection tools were three questionnaires: financial literacy of Yaghoubnejad et al. (2011), Miller and Smith lifestyle (1988) and Pham and Taylor (1994) academic achievement. After confirmation of validity by experts using Cronbach's alpha coefficient, the reliability of the questionnaires was calculated to be 0.98, 0.93 and 0.95, respectively. To analyze the data, structural equation modeling was analyzed using SPSS 24 and Smart PLS 2 software.

Factor analysis model fit indices have shown that the research measurement model has an acceptable fit. Accordingly, the findings showed that mothers' financial literacy had a positive and significant effect on children's lifestyle (0.464) and children's academic achievement (0.547). (p <0.01).

Due to the significant effect of mothers' financial literacy on children's lifestyle and academic achievement, this factor can be used as an improvement in children's lifestyle and academic achievement.