| dc.description.abstract | This study sought to determine the relationship between financial management skills and house affordability. The study adopted positivist, cross sectional design to collect, analyze and make conclusions on the relationship between the two variables. Heads of households were identified as the respondents in this study, where us each household was considered as unit of analysis. Research data was collected through structured questionnaires and interview guides. Data was collected from 384 households in London, Kaptembwa, Kapkures, Rhonda, Shaabab, Biashara, Kivumbini, Flamingo, Menengai and Nakuru East wards within Nakuru East and Nakuru west sub-counties. Results from the study revealed that financial management skills are a significant determinant of house affordability. In fact, it was evident that financial planning, budgeting, expenditure and financial control among other skills are very critical in the journey towards house ownership. The study recommends that individuals should enhance financial management skills through trainings and seminars. Financial institutions, as well as the government can support the households by organizing training opportunities, especially for low income households. The study recommends that further study should focus on financial management areas that are key to low income households and how such skills can be used towards house ownership | en_US |
