Besides, educators and regulators may organize more finance management workshop to students and parents in order to enhance their knowledge on the importance of money saving. The result indicates that it is important for parents to educate their children to save money as they are the role model of the family. However, the study finds that education level, gender and race have no relationship with saving behavior. Besides, parents who practices money saving are more likely to influence their children’s saving habit. The results of regression analysis indicate that education programme and sound financial literacy lead to positive saving behavior. In total, the study receives 235 returned questionnaires. The study used a survey questionnaire to private universities in Selangor. Six variables are included namely education level, programme, gender, race, family background and financial literacy. Therefore, this study examines the factors that influence students’ saving behaviour. The saving behaviour among students is significantly important as they are easily exposed to be blacklisted borrowers. Nowadays, most of the university students are already accumulating substantial debts from higher education fee loans, personal bank loans or overused of credit cards.
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