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A Quantitative Study on Expenditure Behavior among Public and Private University Students in Malaysia

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  • Kavithanjali Sandrasegaran
  • Norimah Rambeli

Abstract

The principal point of this study is to examine the relationship between the spending pattern and consumer behavior, especially as it relates to income and financial literacy, among public and private university students in Malaysia. This study adopts Keynes's Psychological Law of Consumption theory. The foremost objective of this theoretical paper was to determine whether there is any difference in spending patterns among public and private university students and the association between parental incomes and spending behavior among public and private university students, as well as to examine the relationship between financial literacy and spending behavior among public and private university students. In addition, this study seeks to determine how well students comprehend the idea of needs and desires. The association between students’ degree of financial literacy as well as their income and their spending habits will next be examined using the data. The link between endogenous and exogenous variables will be determined over both the long and short terms using the Statistical Package for the Social Sciences (SPSS) version 23. The study includes the findings from earlier investigations. The study contributed to a new understanding for the researcher of financial behavior under the categories of needs and wants which outline the importance of financial literacy, parents’ income, and demographic factors. The study also contributes to a new idea for policymakers: adapt financial literacy programs among parents and children.

Suggested Citation

  • Kavithanjali Sandrasegaran & Norimah Rambeli, 2023. "A Quantitative Study on Expenditure Behavior among Public and Private University Students in Malaysia," Journal of Economics and Behavioral Studies, AMH International, vol. 15(1), pages 27-34.
    • Handle: RePEc:rnd:arjebs:v:15:y:2023:i:1:p:27-34
    DOI: 10.22610/jebs.v15i1(J).3374
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    References listed on IDEAS

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    1. Ana Shakirah Md.Sapir @ Md.Shafik & Wan Marhaini Wan Ahmad, 2020. "Financial literacy among Malaysian Muslim undergraduates," Journal of Islamic Accounting and Business Research, Emerald Group Publishing Limited, vol. 11(8), pages 1515-1529, January.
    2. Wannuda Petpairote, 2023. "Financial skill and self-control affecting the saving behaviour of income earners in Thai municipalities," International Journal of Innovative Research and Scientific Studies, Innovative Research Publishing, vol. 6(1), pages 64-71.
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