Factors Affecting Financial Management Behaviour among University Students

Soo-Cheng Chuah, Juliana Noor Kamaruddin, JS Keshminder Singh
Faculty of Business and Management, University Teknologi MARA


Youth financial management practices have received growing consideration among various parties such as government agencies, community organisations, and education bodies as the age group is considered as a highrisk group for being involved in financial difficulties. This study examined the effects of money attitude, financial knowledge, financial self-efficacy, and locus of control on financial management behaviour among university students. All data were collected via a convenient sampling method by using self-administered questionnaire given to a sample size of 272 respondents. Following this, the data were analysed using structural equation modelling–partial least square (SEM-PLS) method. The results obtained in this study indicated that money attitude, financial knowledge, and financial self-efficacy positively and significantly influenced financial management behaviour among university students. As such, this study could serve as a useful reference for the purpose of higher education curriculum development in order to nurture good financial management.

Keywords: Financial management behaviour, Financial knowledge, Money attitude, Locus of control, Financial self-efficacy