A study of personal financial planning practised by accountants in Kuching / Prof. Madya Dr. Hajah Fatimah Bujang, Kueh Chiok Choo and Chong Fen Nee

Bujang, Fatimah and Kueh, Chiok Choo and Chong, Fen Nee (2005) A study of personal financial planning practised by accountants in Kuching / Prof. Madya Dr. Hajah Fatimah Bujang, Kueh Chiok Choo and Chong Fen Nee. Jurnal Akademik UiTM Sarawak. pp. 13-21. ISSN 0128-2635

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Abstract

The purpose of this study was to gauge the practice of personal financial planning amongst accountants in Kuching. A big majority of the accountants set their financial goals based on short, medium and long-term goals and prioritized them accordingly. For each aspect of personal financial planning, the ranking of importance was as follows: retirement planning, debt management, education planning, purchase or renovation of house, emergency buffer, insurance and lastly vacation. The most popular plan for retirement planning is the Employees Provident Fund (EPF) or pension funds. It was also found that accountants in Kuching were generally very cautious and extremely risk adverse in their personal financial planning practices. Forty-three percent (43%) of the accountants' households indicated that the husbands were the primary financial advisors.

Item Type: Article
Uncontrolled Keywords: Personal financial planning; Accountants; Kuching
Subjects: H Social Sciences > HF Commerce > Accounting. Bookkeeping > Accountants > Malaysia
H Social Sciences > HG Finance > Personal finance > Malaysia
Divisions: Universiti Teknologi MARA, Sarawak
Depositing User: Staf Pendigitalan 5
Date Deposited: 08 May 2017 03:50
Last Modified: 08 May 2017 03:50
URI: http://ir.uitm.edu.my/id/eprint/16763

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