A study on the factors contribute to financial management among university students / Lya Liziana Sapwan and Eurika Jeffery

Managing financials is the most efficient and effective way of ensuring that an individual will be able to spend and save wisely. Beyond an individual educational needs, each one of them bears responsibility not only to themselves but also to their family (Davidson, 2006). Financial education played a big role in helping to ensure that an individual will be able to think wisely about spending their money. The attitude of an individual towards money will influence their knowledge and behaviour towards managing their financials (Albeerdy & Gharleghi, 2015). The financial management of university students become the primary focus of this research. This is because university students will become the market segment target in which they become consumers that will purchase goods and services. Nowadays, standard of living and lifestyles has been upgraded where university students are independent from their parents and making their own decisions on how to manage their financials. University students requires financial knowledge in order to make a proper decision on spending wisely and this will avoid them from spending excessively which will result in poor financial management.