Factors affecting saving behaviour among students : Evidence from UiTM Sabah`s students / Nurafiqah Mohd Ismail

Most economists agree that increased savings would blossom economic activity growth
and further boost the particular nation's economy. Recent figures, however, revealed that
student bankruptcy in Malaysia has increased steadily over the last three years. This
research therefore explores factors that impact saving behaviors by analyzing the
relationships between three variables, including financial literacy, social influences, and
self-control. A survey approach on the students at UiTM Sabah is used to analyze the
study model. Data was collected using structured questionnaire and analyzed using
SPSS software system. The results indicate that students’ self-control plays a major role
in their savings behavior, followed by financial literacy and peer influence.