Spending Behaviour of a Case of Asian University Students

Recently, interest in exploring professional financial issues mainly money management was shown to be highly increased due to the societal awareness of its benefits. The skill of money management is a major tool in exercising control over them to obtain quality life as working adults. Stratified ran...

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Main Authors: Sorooshian, Shahryar, Tan, Seng Teck
Format: Article
Language:English
Published: Canadian Center of Science and Education 2014
Subjects:
Online Access:http://umpir.ump.edu.my/id/eprint/5401/1/ftech-2014-tan-artSpending_Behaviour.pdf
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author Sorooshian, Shahryar
Tan, Seng Teck
author_facet Sorooshian, Shahryar
Tan, Seng Teck
author_sort Sorooshian, Shahryar
collection UMP
description Recently, interest in exploring professional financial issues mainly money management was shown to be highly increased due to the societal awareness of its benefits. The skill of money management is a major tool in exercising control over them to obtain quality life as working adults. Stratified random sampling was used to examine the spending patterns of student population at one of Malaysia universities. Due to the habit of student expenditures on campus which was shown to influence the way money is managed through their lives. Taking a look at literatures from researchers outside Malaysia, it can be seen that financial literacy among students is required to restrain future problems that may arise from lack of knowledge on individual financial management. This study emphasizes the need on financial literacy awareness among the students looking into their background, financial awareness, attitude and family. Data analysis show that majority of the students do not put to practice correct skill in money management.
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spelling UMPir54012018-02-28T02:08:54Z http://umpir.ump.edu.my/id/eprint/5401/ Spending Behaviour of a Case of Asian University Students Sorooshian, Shahryar Tan, Seng Teck HG Finance Recently, interest in exploring professional financial issues mainly money management was shown to be highly increased due to the societal awareness of its benefits. The skill of money management is a major tool in exercising control over them to obtain quality life as working adults. Stratified random sampling was used to examine the spending patterns of student population at one of Malaysia universities. Due to the habit of student expenditures on campus which was shown to influence the way money is managed through their lives. Taking a look at literatures from researchers outside Malaysia, it can be seen that financial literacy among students is required to restrain future problems that may arise from lack of knowledge on individual financial management. This study emphasizes the need on financial literacy awareness among the students looking into their background, financial awareness, attitude and family. Data analysis show that majority of the students do not put to practice correct skill in money management. Canadian Center of Science and Education 2014 Article PeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/5401/1/ftech-2014-tan-artSpending_Behaviour.pdf Sorooshian, Shahryar and Tan, Seng Teck (2014) Spending Behaviour of a Case of Asian University Students. Asian Social Science, 10 (2). pp. 64-69. ISSN 1911-2017. (Published) http://dx.doi.org/10.5539/ass.v10n2p64 DOI: 10.5539/ass.v10n2p64
spellingShingle HG Finance
Sorooshian, Shahryar
Tan, Seng Teck
Spending Behaviour of a Case of Asian University Students
title Spending Behaviour of a Case of Asian University Students
title_full Spending Behaviour of a Case of Asian University Students
title_fullStr Spending Behaviour of a Case of Asian University Students
title_full_unstemmed Spending Behaviour of a Case of Asian University Students
title_short Spending Behaviour of a Case of Asian University Students
title_sort spending behaviour of a case of asian university students
topic HG Finance
url http://umpir.ump.edu.my/id/eprint/5401/1/ftech-2014-tan-artSpending_Behaviour.pdf
work_keys_str_mv AT sorooshianshahryar spendingbehaviourofacaseofasianuniversitystudents
AT tansengteck spendingbehaviourofacaseofasianuniversitystudents