Jayasinghe, N. M. A.2022-01-312022-01-3120159789550481088http://www.erepo.lib.uwu.ac.lk/bitstream/handle/123456789/8273/01-ENM-Financial%20usage%20and%20money%20management-%20Study%20based%20on%20.pdf?sequence=1&isAllowed=yIt is identified that financial literacy (FL) is one of the important factors to the consumer security by developed economies. Foundation of that view is individuals are decided about the financial decisions under their FL level. When consider this situation it is very important around the studies which are financial usage of undergraduate community to accelerate the economic development process a country. According to literature, FL is knowledge of individuals around the financial products, institutions, and concepts. Also, FL is a skill which engages with the interest rate counting, financial management, financial planning. Globally, by developed countries, FL is pointed as strategy to face financial crises. But developing countries view about FL differs from that view. According to them, FL results in access and develops financial services. However, when above definitions are examined, FL is not only a component of financial stability but also it is a strategy to economic development process. Nevertheless, FL is not a single symbol; it is a pool component of people financial behavior. Financial usage and money management are most important concepts among the sub-themes of FL. This study focused about the financial usage of undergraduate; formulated to identify the major objectives such as to identify the knowledge about the financial instruments and to identify the trends of money management of undergraduates. Simply, financial usage is knowledge about the financial instruments and institutions and its usage of individuals. Skill about maintain of monetary resources is known as money management. Sebstad and Cohen (2003) have pointed-out that improving money management skills has been a focus of microenterprise training programs for many years. In this context, it can be conclude that money management is resulted in to develop entrepreneurship environment of the economy. Also, good money management is critical to the process of accumulating all kinds of assets and preserving to person. According to that, if individual can access to appropriate financial products and services, along with the financial skills to manage these resources well, are key to the process of asset accumulation. So that, financial usage also money management are dynamic components of individual financial literacy. Especially, when consider the target group; undergraduates are a most influence factor of decision making process of country. Also they are dynamic group of the economy. According to financial literacy, they are group which will be play effective financial decisions in future. In this situation, this study contributes to develop to appropriate policy makers for dynamic financial decisions process in the economy based on undergraduates. Problem and Objectives According to view of Gillen and Loeffler (2012) based on Jump$tart (2008) and Cude, et. al. (2006), generally college students are not financially literate. But, those studies have not been touched specific study field and students financial behavior. Therefore, this study was addressed that research gap; this study was identify situation of financial usage and money management of social sciences undergraduates in Sri Lanka. The main objective of this study identifies the most influence factors of financial usage and money management of social undergraduates. While the other objectives identify the differences of that study fields and suggest the policy implications regarding the undergraduates’ financial usage and money management had touched under this study. Methodology The sample was selected from Faculty of Humanities and Social Sciences of University of Sri Jayewardenepura. Under the 06 social sciences fields approximately 150 students were randomly selected. There is no standard set of components of financial knowledge, skills and tests to determine the levels of financial knowledge and skills of people in the context of the developing country (Heenkenda, 2014). Also most assessments of financial knowledge and skills undertaken in surveys, (Xu, & Zia 2012). Thus, this survey focused mainly on determining how influential were the socioeconomic and household characteristics in determining students’ financial usage and money management skills. The study, being solely quantitative, used descriptive statistics and regression analysis as tools of the analysis. Statistical tests were conducted using the statistical software packages SPSS, Excel, Minitab and STATA.enFinancial ManagementManagementEconomicsSocial SciencesEntrepreneurship and managementOther