“No money no talk”. Money, money and money. People always mentioned this word in their life. Do you think money is important in our life besides food, shelter and love? If you think so, then why we need it? Nowadays, we always heard about bank robbery, snatch thefts, loan sharks and others through media. Why did these crimes happened? It is because they have financial problem in their life until they involved in crimes. Financial problem also happened among students especially when they further their study away from their hometown. Students always complaint about sort of money.
1.2 Statement of Problem
This paper examines the reasons student have poor financial management, spending on non-necessary things or overspend and living away from their family are the causes of financial problems among college students. First of all, poor financial management is the main cause students are facing financial problem. For majority students, it is the first time they have experienced financial independence without parent’s supervision. They fail to do the management and flow of their money. They do not have the skill to manage their own money. They do not ensuring that the money well spent and not misused. This problems are common among students attempting to balance small budgets with living expenses. Some students are not mature enough to handle finances and they overspend. Poor financial management also happened when students do not have discipline in their budgeting and spending money. Some student like to buy things without considered about the prices. Which mean student do not make the best buy that can help student spend less money. Besides, although students have tights budget but they tend for living financially. For example, students that like to go to bars, partying and even go to the pubs. They don’t really planning the future used of the money which can help them to buy books instead for spending the money in wrong way. So, at the end of the...
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