IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v9y2025issue-3p4348-4354.html
   My bibliography  Save this article

Factors Affecting Personal Financial Management Behaviour among Youth in Malaysia

Author

Listed:
  • Aflah Isa

    (Faculty of Business and Management, Universiti Teknologi MARA, Cawangan Johor, Kampus Segamat Malaysia)

  • NurulAshikin Romli

    (Faculty of Business and Management, Universiti Teknologi MARA, Cawangan Johor, Kampus Segamat Malaysia)

  • Nur Hafizah Azizan

    (School of Information Science,College of Computing, Informatics and Mathematics, Cawangan Johor, Kampus Segamat Malaysia)

  • Siti Noorsiah Jamaludin

    (School of Information Science,College of Computing, Informatics and Mathematics, Cawangan Johor, Kampus Segamat Malaysia)

Abstract

This study aims at examining the factors affecting personal financial management behaviour among youth in Malaysia. Financial attitudes, financial knowledge and locus of control have been measured as the factors. This study is carried out through questionnaire distributed among youth in Malaysia and analysed using descriptive and analytical analysis. Data are collected througsh the distribution of questionnaires and related journals. The reason of this study is to find the lack of financial management of young people that lead them facing a financial problem and hardly practiced on managing the financial skills. Personal financial management is important for an individual especially among youth to ensure that they are having a good plan on budgeting, spending and saving. Last but not least, this research could be useful reference to the other research and helping on improvement of personal financial management behaviour especially among young people. Expected findings from this research conclude that financial attitudes and financial knowledge factors among youth are significant. However, locus of control is not significant related to personal financial management behaviour.

Suggested Citation

  • Aflah Isa & NurulAshikin Romli & Nur Hafizah Azizan & Siti Noorsiah Jamaludin, 2025. "Factors Affecting Personal Financial Management Behaviour among Youth in Malaysia," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(3), pages 4348-4354, March.
    • Handle: RePEc:bcp:journl:v:9:y:2025:issue-3:p:4348-4354
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-9-issue-3/4348-4354.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/journals/ijriss/articles/factors-affecting-personal-financial-management-behaviour-among-youth-in-malaysia/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Nyoman Trisna Herawati & I Made Candiasa & I Ketut Yadnyana & Naswan Suharsono, 2018. "Factors That Influence Financial Behavior Among Accounting Students in Bali," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 9(3), pages 30-38, May.
    2. Neha Garg & Shveta Singh, 2018. "Financial literacy among youth," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 45(1), pages 173-186, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nyoman Trisna HERAWATI & LuhGede KusumaDewi & Made Arie Wahyuni & Ni Luh Asri Savitri, 2020. "Financial Self Efficacy: A Mediator in Advancing Financial Behavior among Accounting Students," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 11(2), pages 226-241, December.
    2. Godfred Matthew Yaw Owusu & Gabriel Korankye & Octavia Ama Serwaa Otchere & Maryam Kriese, 2022. "Money on the mind: emotional and non-cognitive predictors and outcomes of financial behaviour of young adults," SN Business & Economics, Springer, vol. 2(11), pages 1-22, November.
    3. Putra Hilmi Prayitno & Sheerad Sahid & Muhammad Hussin, 2022. "Social Capital and Household Economic Welfare: Do Entrepreneurship, Financial and Digital Literacy Matter?," Sustainability, MDPI, vol. 14(24), pages 1-16, December.
    4. Long She & Lan Ma & Saeed Pahlevan Sharif & Sitara Karim, 2024. "Millennials’ financial behaviour and financial well-being: the moderating role of future orientation," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 29(4), pages 1207-1224, December.
    5. Adam Ndou, 2023. "Parental Financial Socialisation and Financial Knowledge: A Structural Equation Modelling Analysis," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 16(1), pages 27-39, October.
    6. Sharifah Rahama Amirul & Sharifah Milda Amirul & Rasid Mail & Mohd Allif Anwar Abu Bakar, 2024. "Financial Literacy Beyond Numbers: Human Capital Intervention for Micro-enterprise Sustainability," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(12), pages 1897-1910, December.
    7. Mohamad Fazli Sabri & Mas Ayu Said & Amirah Shazana Magli & Tan Maw Pin & Hussein Rizal & Nithiah Thangiah & Muslimah Ithnin & Hazreen Abdul Majid & Rozmi Ismail & Tin Tin Su & Abdul Rahim Husniyah, 2022. "Exploring the Relationships of Financial Literacy and Financial Behaviour with Health-Related Quality of Life (HRQOL) among the Low-Income Working Population in Malaysia during the COVID-19 Pandemic," IJERPH, MDPI, vol. 19(19), pages 1-15, September.
    8. Kumar Saurabh & Tanuj Nandan, 2019. "Role of financial knowledge, financial socialisation and financial risk attitude in financial satisfaction of Indian individuals," International Journal of Indian Culture and Business Management, Inderscience Enterprises Ltd, vol. 18(1), pages 104-122.
    9. Rani, Mamta & Siwach, Manoj, 2023. "Financial literacy in India: a review of literature," Economic and Regional Studies (Studia Ekonomiczne i Regionalne), John Paul II University of Applied Sciences in Biala Podlaska, vol. 11(2), September.
    10. Long She & Ratneswary Rasiah & Marc Arul Weissmann & Harpaljit Kaur, 2024. "Using the Theory of Planned Behaviour to Explore Predictors of Financial Behaviour Among Working Adults in Malaysia," FIIB Business Review, , vol. 13(1), pages 118-135, January.
    11. Heejung Park & William Martin, 2022. "Effects of risk tolerance, financial literacy, and financial status on retirement planning," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 27(3), pages 167-176, September.
    12. Michael du Preez & SJ Ferreira-Schenk, 2024. "Demographic and Sociocultural Determinants of Financial Literacy in South Africa," International Journal of Economics and Financial Issues, Econjournals, vol. 14(2), pages 111-119, March.
    13. TAVARES Fernando Oliveira & ALMEIDA Luís Gomes & SOARES Vasco Jorge & TAVARES Vasco Capela, 2022. "Financial literacy: an exploratory analysis in Portugal," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 17(2), pages 252-269, August.
    14. Sumaira Khawar & Aamir Sarwar, 2021. "Financial literacy and financial behavior with the mediating effect of family financial socialization in the financial institutions of Lahore, Pakistan," Future Business Journal, Springer, vol. 7(1), pages 1-11, December.
    15. Naseem Al Rahahleh, 2023. "Determinants of the Financial Capability: The Mediating role of Financial Self-efficacy and Financial Inclusion," International Journal of Economics and Financial Issues, Econjournals, vol. 13(6), pages 15-29, November.
    16. Nur Alya Afiqah Binti Mahat & Wei-Theng Lau, 2023. "Financial Literacy, Experience, Risk Tolerance and Investment Behavior: Observations during Pandemic," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(10), pages 558-573, October.
    17. repec:zib:zbmmhj:v:3:y:2024:i:2:p:39-44 is not listed on IDEAS
    18. Jasmina Okicic & Meldina Kokorovic Jukan & Mensur Heric, 2021. "Some Insights Into Financial Literacy Among Undergraduate Students: A Case of Bosnia and Herzegovina," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 12(3), pages 103-115, May.
    19. Khurram Rehman & Md Aslam Mia, 2024. "Determinants of financial literacy: a systematic review and future research directions," Future Business Journal, Springer, vol. 10(1), pages 1-25, December.
    20. Md. Faruk Abdullah & Muhammad Nazmul Hoque & Md. Habibur Rahman & Jamaliah Said, 2022. "Can Islamic Financial Literacy Minimize Bankruptcy Among the Muslims? An Exploratory Study in Malaysia," SAGE Open, , vol. 12(4), pages 21582440221, November.
    21. Oge Augustine Sunday, 2024. "The Effects of Financial Literacy Programs on Retirement Planning and Preparedness among Middle-Aged Adults in Oyo State," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(1), pages 1058-1071, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:9:y:2025:issue-3:p:4348-4354. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.