The Effect of Financial Knowledge and Financial Attitudes on Financial Behavior among University Students

Yahaya, Rusliza; Zainol, Zuraidah; Ismail, Rosmini

doi:10.6007/ijarbss/v9-i8/6205

Cited by 27 publications

(29 citation statements)

References 10 publications

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“…The explanation presented above indicates that the respondents did not have the essential skills to handle their financial resources. The results of this study are similar to a previous study (Yahaya et al, 2019). The respondents were approached to indicate whether they needed assistance on how to best deal with their money management issues.…”

Section: Financial Education Needssupporting

confidence: 79%

Money Management Behavior and Issues among Congolese University Students: Requirement for Educational Finance

Chinyabuuma

Suprapto

Romadhon

2020

JECO

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This study investigated the factors that influence a number of financial issues students face in the Democratic Republic of Congo. A survey was conducted to collect the data for this study. Respondents were asked to demonstrate which of the ten financial education topics they were keen on taking. Descriptive statistics was utilized to present the data. The results show that loans, residential status, and impulse spending were the causes that brought about the students’ financial issues. By identifying the causes of students’ financial issues, educators may be able offer a course, in which students can learn the money management skills needed to address these issues. The respondents were asked if they would be interested in financial education if offered. Almost all of the students expressed their interest in learning how to manage their money. In conclusion, many of the respondents did not have sufficient knowledge and skills in managing their financial affairs.Keywords: financial issues, loans, residential status, impulse spending, money management Perilaku dan Masalah Pengelolaan Uang di Kalangan Mahasiswa Universitas Kongo: Kebutuhan Keuangan PendidikanAbstrak: Penelitian ini menyelidiki faktor-faktor yang mempengaruhi sejumlah masalah keuangan yang dihadapi siswa di Republik Demokratik Kongo. Sebuah survei dilakukan untuk mengumpulkan data untuk penelitian ini. Responden diminta untuk menunjukkan yang mana dari sepuluh topik pendidikan keuangan yang mereka minati. Statistik deskriptif digunakan untuk menyajikan data. Hasil penelitian menunjukkan bahwa pinjaman, status tempat tinggal, dan pengeluaran impulsif merupakan penyebab yang menimbulkan masalah keuangan siswa. Dengan mengidentifikasi penyebab masalah keuangan siswa, pendidik mungkin dapat menawarkan kursus, agar siswa dapat mempelajari keterampilan pengelolaan uang yang diperlukan untuk mengatasi masalah ini. Para responden ditanya apakah mereka akan tertarik dengan pendidikan keuangan jika ditawarkan. Hampir semua siswa menyatakan minatnya untuk mempelajari cara mengelola uang mereka. Kesimpulannya, banyak responden yang tidak memiliki pengetahuan dan keterampilan yang memadai dalam mengelola urusan keuangannya.Kata Kunci: masalah keuangan, pinjaman, status tempat tinggal, pengeluaran impulsif, pengelolaan uang

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Section: Financial Education Needssupporting

confidence: 79%

Money Management Behavior and Issues among Congolese University Students: Requirement for Educational Finance

Chinyabuuma

Suprapto

Romadhon

2020

JECO

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“…The measurement of financial literacy is also based on these factors. Subsequent researchers such as Potrich et al (2016), Fessler et al (2019), and Yahaya et al (2019 treat these three factors separately. Therefore, this study also treats the three factors-knowledge, attitude, and behavior-as internal variables of financial literacy.…”

Section: Financial Knowledge Attitude and Behaviormentioning

confidence: 99%

“…In other words, knowledge, attitide, and behavior are different variables which may have a causality relationship. Furthermore, Fessler et al (2019) and Yahaya et al (2019) state that knowledge affects attitude, and attitude, in turn, affects behavior. Meanwhile, knowledge does not have a significant effect on financial behavior (Yahaya et al, 2019).…”

Section: Financial Knowledge Attitude and Behaviormentioning

confidence: 99%

“…Furthermore, Fessler et al (2019) and Yahaya et al (2019) state that knowledge affects attitude, and attitude, in turn, affects behavior. Meanwhile, knowledge does not have a significant effect on financial behavior (Yahaya et al, 2019). In other words, attitude is a mediating variable between knowledge and behavior.…”

Section: Financial Knowledge Attitude and Behaviormentioning

confidence: 99%

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The roles of peers and social media in building financial literacy among the millennial generation: A case of indonesian economics and business students

Yanto

Ismail

Kiswanto

et al. 2021

Cogent Social Sciences

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Students of the millennial generation have several characteristics, including being wasteful in their management of money and being highly dependent on information and communication technology. These phenomena mean financial literacy is important for them, in order that they become capable, wise, and efficient individuals who are future-oriented in managing their personal finances. This study aims to create a model for developing the financial management behavior of students. It covers five variables, namely financial behavior, financial attitude, financial knowledge, social media exposure, and peer influence. By using purposive sampling and a five-point Likert scale questionnaire, this study collected data from 327 students spread across several universities in Indonesia. The results of the descriptive analysis show that the students' financial management behavior (FMB), financial attitude, and financial knowledge are classified as good. Structural equation modeling (SEM) analysis using the single-composite indicator technique shows that 58% of FMB is influenced by financial exposure from

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“…However, the definitions of financial literacy are wide-ranging and therefore, did not particularly points to particular types of financial knowledge (OECD, 2016). In this sense, a financially literate person could well describe a person who understands the mechanism of Economics, Finance, Mathematics, Accounting or any other quantitative field of study (Alexander & Mader, 2017;Skagerlund, Lind, Strömbäck, Tinghög, & Västfjäll, 2018;Trombetta, 2016;Yahaya, Zainol, Abidin, & Ismail, 2019). Therefore, this study aims to determine whether different areas of financial knowledge and hours of credits to its content affect materialism.…”

Section: Literature Reviewmentioning

confidence: 99%

Defining the Area of Knowledge for Financial Literacy: The Influence of Financial Courses on Materialism

et.al¹

2021

TURCOMAT

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Numerous studies have foundthatfinancial literacy may assist in averting irresponsible spending that linked to materialistic values. However, the area of knowledge that delivers financial literacy varies among studies. The study determines whether credit hours of financial courses,namely, economics, finance and accounting, affect materialism. Consequently, three moderator variables namely gender, year of study and financial sponsorship, were added into the analysis. A survey was conducted on 1022 business undergraduates in Universiti Pendidikan Sultan Idris using money attitude scales as a proxy to measure materialism. Findings indicate that there werenodirectcorrelations between credithoursof financial courses cumulatively or individually, with materialism scores. However, when the year of studyvariable,specifically fourth-year students category, wasinserted as a moderating effect, all three financial courses credit hours were found to be negatively correlatedwith materialism score. The findings demonstrate that accounting courses credit hours affect all materialism dimensions. Meanwhile, three and two materialism dimensions negatively correlated with economic and finance courses, respectively. It indicates that final year students materialistic values lessen as particular financial courses credit hours increased. The findings may provide input to financial literacy modules to mitigateyoung-executive debt crises.

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The Effect of Financial Knowledge and Financial Attitudes on Financial Behavior among University Students

Cited by 27 publications

References 10 publications

Money Management Behavior and Issues among Congolese University Students: Requirement for Educational Finance

Money Management Behavior and Issues among Congolese University Students: Requirement for Educational Finance

The roles of peers and social media in building financial literacy among the millennial generation: A case of indonesian economics and business students

Defining the Area of Knowledge for Financial Literacy: The Influence of Financial Courses on Materialism

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