Factors Affecting Personal Financial Management Planning for Kirkuk City Government Employees- Case Study

Abstract

This paper aims to investigate the management of personal financial planning, as well as the factors influencing the savings of public sector employees, from the ministry of commerce and Industry; Commercial Bank Customers, Kirkuk governorate, Iraq. According to the research findings, different personal factors affect management planning personal finance for savings of the department of health similarly. The central personnel's financial management planning in terms of savings differed only in the different periods in performing their duties—personal financial management attitudes. Personal savings of central personnel, only income savings agency recommendation should study personal financial management to prevent and solve the problem of having no savings to lead the way to prevent and solve problems caused by expenditures greater than income. The goals are to research personal financial planning in selected employees from various organizations in Kirkuk, Iraq. Personal information affecting financial independence of personal financial planning toward financial management following Covid-19 pandemic situations in Kirkuk city and classified by personal factors to study attitudes toward financial management affecting Kirkuk governorate personnel. The sample group for this study was 400 (280 from the ministry of commerce and industry and 120 from Commercial Bank Customers) from the public sector in Kirkuk, Iraq, ranging in age from 29 to 40 years old, as determined by a questionnaire. It is an information-gathering tool. The information was then analyzed using descriptive statistics, which employs the percentage, mean, and standard deviation. The hypothesis was then tested using inferential statistics, including an independent t-test to compare the means of two groups of independent samples and a one-way analysis of variance with an F-test to compare the means of more than two groups of samples using a packaged program. The study's findings may be helpful to other government agencies as a guideline for determining appropriate welfare for personnel in the following department.

Furthermore, the attitude toward financial management external environmental factors, economic conditions, factors, external environment conformity to the reference group, and external environmental factors negatively influence the financial management of Kirkuk governorate, Iraq personnel