The annual budgeting process is a valuable opportunity for districts to systematically examine both resource use and programming. They can then use the findings to optimize resource use and improve program efficacy in ways that will lead to increased student achievement. Bo Yan and Thomas Aberli discuss three root causes for districts' inability…

We examined the association between financial knowledge overconfidence and the perception of emergency fund needs using the 2016 Survey of Consumer Finances (SCF) dataset. Only 28% of respondents reported a perceived amount of emergency funds needed that would cover at least three months of estimated spending. We conducted an OLS regression…

The financial system is a highly competitive field whose applications range from as big as the strategic vision and missions of the multinational companies to as small as day-to-day household expenditure decisions or management of pocket money by students. Financial literacy is a life skill that, in theory, is highly related to the well-being of…

Based on the definition of entrepreneurship, entrepreneurs can be considered as risk-takers. The literature contains conflicting theories as to whether risk-taking can be influenced by external factors. The current paper investigates the effect of entrepreneurship education and collaborative environment on financial risk-taking behavior among…

This paper presents a mobile application aimed at enhancing the financial literacy of college students by monitoring their spending patterns and promoting better decision-making. The application is developed using the agile methodology with Android Studio and Flutter as development tools and Firebase as a database. The app is divided into…

Deciding how to spend the nation's education dollars is a tremendous responsibility. It's easy to forget that this responsibility falls primarily to district leaders (sometimes with input from principals). Sometimes those decisions go well and schools beat the odds on student outcomes. Other times, they do not, and student outcomes lag. Sometimes…

In the wake of COVID-19, school systems face a daunting set of challenges as they plan for the 2020-2021 school year -- including meeting students' increased academic and social-emotional needs, implementing physical distancing requirements, and grappling with significant revenue loss. School systems must prepare for the 2020-2021 school year with…

This book will help new administrators (department chairs, directors, deans) understand and become more proficient in their financial management role within the institution. Highly accessible, practitioners will be able to put the book's guidance to immediate use in their work. It is also grounded in the latest knowledge base and filled with…

Weighted student funding (WSF) decentralizes control over resources and empowers principals as financial leaders of their schools. In this study, we set out to understand how principals are making use of those leadership opportunities. Based upon a 2017-18 survey of 639 principals in 14 school districts implementing WSF, we find that principals…

School districts across the country are receiving billions of dollars in federal relief aid. The unprecedented size of this investment -- three separate aid packages providing nearly $200 billion for K-12 education alone -- presents both an enormous opportunity and a challenge for state and local education leaders. The principle question is, how…

Many researchers collect online survey data because it is cost-effective and less time-consuming than traditional research methods. This paper describes Twitter chats as a research tool vis-à-vis two other online research methods: providing links to electronic surveys to respondents and use of commercially available survey panels through vendors…

To address the increased needs of students and schools resulting from the COVID-19 pandemic, the federal government has enacted a series of three relief and stimulus bills -- the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA), and the American Rescue Plan…

This article reviews the theories and literature in intrahousehold financial decisions, spousal partners and financial decision making, family system and financial decision process, children, and financial decisions. The article draws conclusions from the literature review and discusses directions for future research and educational programs. Most…

The COVID-19 pandemic offers an opportunity to reconsider the approach and delivery of public education. With a large infusion of one-time federal relief aid and a depth of need among students most impacted by the COVID-19 pandemic that the system is still trying to understand, state and local education leaders will need to plan for both (1)…

This report on the funding of school education constitutes the first in a series of thematic comparative reports bringing together findings from the OECD School Resources Review. School systems have limited financial resources with which to pursue their objectives and the design of school funding policies plays a key role in ensuring that…