Financial Management Problems among Students

Only available on StudyMode
  • Download(s) : 164
  • Published : April 25, 2015
Open Document
Text Preview
FACULTY OF BUSINESS MANAGEMENT
BACHELOR OF BUSINESS ADMINISTRATION (HONS) OPERATION
MANAGEMENT (BM244)

Report Writing (EWC661)
THE FINANCIAL PROBLEM OF STUDENT IN UITM KEDAH

PREPARED BY:
NUR IZWANI BINTI ZAILAN

2013520203

NORASSYAFIKAH BINTI MAHMOD

2013593949

NUR NAJWA ATHONAH BINTI MOHD NASIR

2013326507

SITI NABILA BINTI MOHD AZAM

2013174537

PREPARED FOR:
PUAN SYAKIRAH MOHAMMED
SUBMIT DATE: 9th DECEMBER 2014

1.0 Introduction

1.1 Background of study
Financial Management is one of the many skills that students need if they are to be successful in university and life. Financial problems also happened among students especially when they further their studies away from their hometown and family. Students always complained about shortage of money. Due to this problem, it can increase the crime among students them self such as steal money from their friends to cope with their financial burden.

1.2 Statement of the problem
In UiTM Merbok, many students have face financial problems. Student have problem how to manage their finance. Mostly, they do not know when and what they should spend the money on. This occurs when they do not have proper financial plan to decide where the money should go. This problem also to determines whether the students have adequate money to support themselves per semester. Besides, most of the students do not have enough money to support themselves due to their family background.

1.3 Purpose of study
Therefore, this study is conducted to investigate the financial problem among the students. It also aims to find inform on students spending habits.

1.4 Objectives of the study
1.

To identify the sources of UiTM undergraduates source of income.

2.

To investigate how the undergraduates spend their money.

3.

To determines whether the students have adequate money to support themselves per semester.

2

1.5 Research Question
1. What are the sources of UiTM Merbok undergraduate’s income? 2. How do the undergraduates spend the money?
3. Do they students have adequate money to support themselves per semester ?

1.6 Significant of the study
The finding of this study are important to help students minimize the financial problem that they are facing. With the information at hand, undergraduate are able to manage their financial budget for the future. It helps the students to increase their level of awareness about this problem and be more careful on their financial in the future.

1.7 Scope of study
This study is conducted for the respondents that are UiTM Merbok undergraduates, who are between the age of 20 until 23 years old. The respondents are randomly selected by the research team themselves. The data collected via questionnaires that are distributed to the students from Faculty of Business, Operation Management, Information Management and Art and Design.

3

2.0 Literature Review

2.1 Introduction
Childhood consumer experiences such as savings habits contribute to students’ financial well-being (money saved, current financial situation, and financial management skills). Financial socialization agents, for example, through parents and religion sources could increase college students’ financial well-being. Financial literacy was related to financial well-being. There were important differences between the among student of UiTM in Malaysia.

2.2 Problem or factors Students Faced
In UiTM Kedah, students also face financial problems. There are many reason why the student have poor financial management such as peer influence and bad habits. First of all, peer influence is one of the cause that students are facing financial problem. This is because, they have to manage their financial management without parent’s supervision. Besides, most of student, are not matured to handle finances and it leads them to over spend. For example, student like go to party, do the useless activities, entertainment and so on. The students might...
tracking img