The impact of Smart Money Kit on children’s financial knowledge, attitude and behavior / Mohamad Fazli Sabri... [et al]

Sabri, Mohamad Fazli and Wijekoon, Rusitha and Ramli, Nurhayatul Nira and Moga Dass, Thinagaran (2019) The impact of Smart Money Kit on children’s financial knowledge, attitude and behavior / Mohamad Fazli Sabri... [et al]. ESTEEM Journal of Social Sciences and Humanities, 3. pp. 48-59. ISSN 2600-7274

Abstract

Financial management is one of the vital requirements throughout everyday life, as one develops, the utilization of financial management recurrence would be extraordinarily expanded. Since, financial thinking could be developed, expanding the propensity for financial management and understanding financial-related awareness at a early age greatly affect encouraging future financial behavior. Hence, in this research the research group incorporated gamification and edutainment in to a tool called Smart Money Kit. The objective behind the inovation of Smart Money Kit is as an alternative financial education tool for parents, teachers and other adults to assist in educating children in personal financial management. The results demonstrated that the Smart Money Kit to be helpful regarding the enhancement of financial knowledge by 59%, positive financial attitudes by 21.9%, and better financial behaviour by 19.3% of the children. Therefore, the majority of the parents, teachers and caretakers agree that Smart Money Kit has guided their children to become financially prudent and 90% of them evidenced a huge difference in their children after being exposed to Smart Money Kit. Hence this kit has been proved to be an effective tool to educate children on financial literacy besides able to develop a positive financial attitudes and better financial behaviour among the children.

Metadata

Item Type: Article
Creators:
CreatorsID Num. / Email
Sabri, Mohamad Fazlifazli@upm.edu.my
Wijekoon, RusithaUNSPECIFIED
Ramli, Nurhayatul NiraUNSPECIFIED
Moga Dass, ThinagaranUNSPECIFIED
Subjects: H Social Sciences > HG Finance > Personal finance. Financial literacy
H Social Sciences > HG Finance > Personal finance. Financial literacy > Malaysia
H Social Sciences > HJ Public Finance > Study and teaching. Research
Divisions: Universiti Teknologi MARA, Pulau Pinang > Permatang Pauh Campus
Journal or Publication Title: ESTEEM Journal of Social Sciences and Humanities
Journal: UiTM Journal > ESTEEM Journal of Social Sciences and Humanities
ISSN: 2600-7274
Volume: 3
Page Range: pp. 48-59
Official URL: https://ejssh.uitm.edu.my/
Item ID: 29445
Uncontrolled Keywords: edutainment, financial education, financial literacy, gamification, money management, Smart Money Kit
URI: http://ir.uitm.edu.my/id/eprint/29445

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