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Examining financial problems faced by university students

The purpose of this study was to explore how students manage their financial and the factors of financial problem. This study was designed to gain a better understanding of the financial problem of university students. A stratified purposeful sample of 220 students was selected for study. The data w...

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Main Author: Mohamad Fahmy Amry Mohamad Noh
Format: Undergraduate Final Project Report
Published: 2012
Online Access:http://discol.umk.edu.my/id/eprint/5509/
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spelling my.umk.eprints.55092022-05-23T08:41:46Z http://discol.umk.edu.my/id/eprint/5509/ Examining financial problems faced by university students Mohamad Fahmy Amry Mohamad Noh The purpose of this study was to explore how students manage their financial and the factors of financial problem. This study was designed to gain a better understanding of the financial problem of university students. A stratified purposeful sample of 220 students was selected for study. The data were analyzed for two purposes. The first purpose was to understand where participants spent their money, on what kinds of items, and their sources of income. This information was collected through a quantitative analysis of documents. The second purpose was to understand how and why the participants made the financial decisions they did during the period under study, and to gain an understanding of their larger financial situations. This information was collected through a quantitative analysis of distribute questionnaire. Results revealed several important findings. First, spending patterns can be traced to developmental issues associated with lower division students. For example, freshmen spend more money on food and entertainment than their sophomore counterparts, suggesting that social adjustment and making friends are important issues for first year students. Second, students from families which discuss financial issues have better money management skills. Third, students do not discuss financial matters outside their families, even with close friends. Coupled with the study’s other findings, these results suggest campuses need to provide programs and services related to financial management skills if students are to develop sound personal budgeting skills while in university 2012 Undergraduate Final Project Report NonPeerReviewed Mohamad Fahmy Amry Mohamad Noh (2012) Examining financial problems faced by university students. Undergraduate Final Project Report thesis, Faculty of Entrepreneurship and Business. (Submitted)
institution Universiti Malaysia Kelantan
building Perpustakaan Universiti Malaysia Kelantan
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Kelantan
content_source UMK Institutional Repository
url_provider http://umkeprints.umk.edu.my/
description The purpose of this study was to explore how students manage their financial and the factors of financial problem. This study was designed to gain a better understanding of the financial problem of university students. A stratified purposeful sample of 220 students was selected for study. The data were analyzed for two purposes. The first purpose was to understand where participants spent their money, on what kinds of items, and their sources of income. This information was collected through a quantitative analysis of documents. The second purpose was to understand how and why the participants made the financial decisions they did during the period under study, and to gain an understanding of their larger financial situations. This information was collected through a quantitative analysis of distribute questionnaire. Results revealed several important findings. First, spending patterns can be traced to developmental issues associated with lower division students. For example, freshmen spend more money on food and entertainment than their sophomore counterparts, suggesting that social adjustment and making friends are important issues for first year students. Second, students from families which discuss financial issues have better money management skills. Third, students do not discuss financial matters outside their families, even with close friends. Coupled with the study’s other findings, these results suggest campuses need to provide programs and services related to financial management skills if students are to develop sound personal budgeting skills while in university
format Undergraduate Final Project Report
author Mohamad Fahmy Amry Mohamad Noh
spellingShingle Mohamad Fahmy Amry Mohamad Noh
Examining financial problems faced by university students
author_facet Mohamad Fahmy Amry Mohamad Noh
author_sort Mohamad Fahmy Amry Mohamad Noh
title Examining financial problems faced by university students
title_short Examining financial problems faced by university students
title_full Examining financial problems faced by university students
title_fullStr Examining financial problems faced by university students
title_full_unstemmed Examining financial problems faced by university students
title_sort examining financial problems faced by university students
publishDate 2012
url http://discol.umk.edu.my/id/eprint/5509/
_version_ 1763303563477385216
score 13.211869

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