Impact of Financial Literacy Level on Financial Behavior among Higher Education Students: A Case Study in KDA University

Authors

  • Sally Ker Yuen Wong School of Quantitative Sciences, Universiti Utara Malaysia, Sintok, Kedah, MALAYSIA
  • Masnita Misiran School of Quantitative Sciences, Universiti Utara Malaysia, Sintok, Kedah, MALAYSIA
  • Zahayu Md Yusof School of Quantitative Sciences, Universiti Utara Malaysia, Sintok, Kedah, MALAYSIA
  • Siti Suzlin Supadi Institute of Mathematical Sciences, Faculty of Science, Universiti Malaya, Kuala Lumpur, MALAYSIA

DOI:

https://doi.org/10.37134/ejoss.vol8.1.5.2022

Keywords:

Financial Literacy, young adult, financial knowledge, behavior, undergraduate

Abstract

Nowadays, financial literacy is becoming a concern in a society particularly, among youngsters. The biggest issue is, the youngsters are lack of understanding on how to control their finances. This study aims to evaluate the financial literacy level among youngsters based on their knowledge, attitude and behavior. At the same time investigating whether financial literacy, gender and household income have a significant influence on the financial behavior of KDA undergraduate students. Primary data was collected through a questionnaire which consisted of few different sections that measure the financial knowledge, attitude and behavior among KDA students. A total sample size of 186 was collected for this study. Reliability test, regression analysis and Pearson’s correlation coefficient were the methods used to analyze the data. The finding concluded that KDA students acquire a medium financial literacy level. Therefore, this study implies that individual, academic authorities, government and NGOs should educate and encourage students to practice good financial management and raise their financial literacy to avoid facing any financial issues in the future.

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Author Biographies

Masnita Misiran, School of Quantitative Sciences, Universiti Utara Malaysia, Sintok, Kedah, MALAYSIA

Centre for Testing, Measurement and Appraisal, Universiti Utara Malaysia, Sintok, Kedah, MALAYSIA

Zahayu Md Yusof, School of Quantitative Sciences, Universiti Utara Malaysia, Sintok, Kedah, MALAYSIA

Institute of Strategic Industrial Decision Modelling, School of Quantitative Sciences, Universiti Utara Malaysia, Sintok, Kedah, MALAYSIA

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Published

2022-06-29

How to Cite

Wong, S. K. Y., Misiran, M., Md Yusof, Z., & Supadi, S. S. (2022). Impact of Financial Literacy Level on Financial Behavior among Higher Education Students: A Case Study in KDA University. EDUCATUM Journal of Social Sciences, 8(1), 43–52. https://doi.org/10.37134/ejoss.vol8.1.5.2022