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Money literacy, shopping and purchasing patterns among primary school students in Malaysia

The purpose of this study was to identify the understanding of money literacy, shopping and purchasing patterns among primary school students in Malaysia. This study was conducted among 800 primary school students who were randomly selected using multistage sampling from five different states in Mal...

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Main Authors: Wahab, Rozita, Sabri, Mohamad Fazli, Ramli, Nurhayatul Nira
Format: Article
Language:English
Published: American Research Institute for Policy Development 2016
Online Access:http://psasir.upm.edu.my/id/eprint/53332/1/Money%20literacy%2C%20shopping%20and%20purchasing%20patterns%20among%20primary%20school%20students%20in%20Malaysia.pdf
http://psasir.upm.edu.my/id/eprint/53332/
http://jehdnet.com/vol-5-no-1-march-2016-abstract-16-jehd
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spelling my.upm.eprints.533322017-10-10T08:16:23Z http://psasir.upm.edu.my/id/eprint/53332/ Money literacy, shopping and purchasing patterns among primary school students in Malaysia Wahab, Rozita Sabri, Mohamad Fazli Ramli, Nurhayatul Nira The purpose of this study was to identify the understanding of money literacy, shopping and purchasing patterns among primary school students in Malaysia. This study was conducted among 800 primary school students who were randomly selected using multistage sampling from five different states in Malaysia, including East Malaysia. Money literacy was measured using 11 questions related to subject while shopping and purchasing patterns were measured using 12 questions related to subject. Results showed that primary school students in Malaysia have moderate understanding regarding money. Most of the students understand only on the subjects that involved in their daily routines but they are lacking in other money matters which were not directly related or experienced by them. Results also showed that the patterns of spending and purchasing of primary school students in Malaysia still need changes for the better. Parental involvement or influences in the purchasing patterns of the students were low, plus the results also showed that there were less discussions about expenses between the two sides; parents and students. Surprisingly, findings also showed that there were already indebted practices among the students who are still in primary school and it is at high percentages. American Research Institute for Policy Development 2016-03 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/53332/1/Money%20literacy%2C%20shopping%20and%20purchasing%20patterns%20among%20primary%20school%20students%20in%20Malaysia.pdf Wahab, Rozita and Sabri, Mohamad Fazli and Ramli, Nurhayatul Nira (2016) Money literacy, shopping and purchasing patterns among primary school students in Malaysia. Journal of Education and Human Development, 5 (1). pp. 146-162. ISSN 2334-296X; ESSN: 2334-2978 http://jehdnet.com/vol-5-no-1-march-2016-abstract-16-jehd 10.15640/jehd.v5n1a16
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description The purpose of this study was to identify the understanding of money literacy, shopping and purchasing patterns among primary school students in Malaysia. This study was conducted among 800 primary school students who were randomly selected using multistage sampling from five different states in Malaysia, including East Malaysia. Money literacy was measured using 11 questions related to subject while shopping and purchasing patterns were measured using 12 questions related to subject. Results showed that primary school students in Malaysia have moderate understanding regarding money. Most of the students understand only on the subjects that involved in their daily routines but they are lacking in other money matters which were not directly related or experienced by them. Results also showed that the patterns of spending and purchasing of primary school students in Malaysia still need changes for the better. Parental involvement or influences in the purchasing patterns of the students were low, plus the results also showed that there were less discussions about expenses between the two sides; parents and students. Surprisingly, findings also showed that there were already indebted practices among the students who are still in primary school and it is at high percentages.
format Article
author Wahab, Rozita
Sabri, Mohamad Fazli
Ramli, Nurhayatul Nira
spellingShingle Wahab, Rozita
Sabri, Mohamad Fazli
Ramli, Nurhayatul Nira
Money literacy, shopping and purchasing patterns among primary school students in Malaysia
author_facet Wahab, Rozita
Sabri, Mohamad Fazli
Ramli, Nurhayatul Nira
author_sort Wahab, Rozita
title Money literacy, shopping and purchasing patterns among primary school students in Malaysia
title_short Money literacy, shopping and purchasing patterns among primary school students in Malaysia
title_full Money literacy, shopping and purchasing patterns among primary school students in Malaysia
title_fullStr Money literacy, shopping and purchasing patterns among primary school students in Malaysia
title_full_unstemmed Money literacy, shopping and purchasing patterns among primary school students in Malaysia
title_sort money literacy, shopping and purchasing patterns among primary school students in malaysia
publisher American Research Institute for Policy Development
publishDate 2016
url http://psasir.upm.edu.my/id/eprint/53332/1/Money%20literacy%2C%20shopping%20and%20purchasing%20patterns%20among%20primary%20school%20students%20in%20Malaysia.pdf
http://psasir.upm.edu.my/id/eprint/53332/
http://jehdnet.com/vol-5-no-1-march-2016-abstract-16-jehd
_version_ 1643835366060326912
score 13.211869

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