A Study on the Financial Behaviour of Kardemir Inc. Employeer
Gülay GÜNAY Ahmet OĞUZ Fatih BAYRAM Murat YILDIRIM
AbstractFamilies act in an environment of financing system which includes the pressure of the economic powers like the changing economic balances, increasing unemployment rate, changing purchasing power of money, inflationist pressures, increasing tax load, changing government policies, increasing interest rates, complicating consumer market, and the competence gradually increasing between the businesses. In such an environment, the behaviours of family related to usage of the income on one hand affect the social and economic welfare of family itself, and on the other hand the national economy and welfare. In this context, economic functions are of a significant center for the families to obtain their wishes and needs and to maintain their lives better and happier. In this article we focus on families’ financial behaviours. For this purpose we have observed 1) financial status of families, 2) financial decision making forms of families’, 3) families' financial status evaluation. The sample consists of individuals, who are working in Kardemir Inc. (n=245). A total of 245 employees are participated in the study on a voluntary. Findings indicated that 65.3% of the responses keep record for income and expenses every month. Economic decision making are always shared by couple (47.3%). The rate of monthly income scarcely satisfies needs (46.1%) are higher among the reasons for not saving. The majority of participants (89.0%) have stated that their monthly incomes are not sufficient or scarcely sufficient to satisfy the needs of families and thus, they cannot make savings. Finally, some recommendations are suggested for individuals, families, executives and researchers.