Determinant of personal financial behavior among students

Several studies have been done to relate financial literacy with financial behavior of university student. However only few studies specifically analyzed the relationship between cash management and university students, focusing on parent’s influenced. The current behavior will affect the potential for developing positive attitude toward personal financial behavior such as having a good personal financial planning especially when dealing with expenses and investment to guarantee their future. This study explores the personal financial behavior. This study was conducted at Unversiti Kebangsaan Malaysia (UKM) and Universiti Pertahanan Nasional Malaysia (UPNM) and there are includes four (4) independent variable that are involved self-efficacy, social influence, financial knowledge and financial skills. The first objective of this study is to determine whether self-efficacy, social influences, financial knowledge, and financial skills have relationship with financial behavior and second objective is to identify the most important factors in personal financial behavior. Data collected and evidence are being process by using SPSS Computer program. Researcher also wants to test the hypothesis formulated earlier by using multiple regression analysis. Pearson’s Correlation Coefficient was used in order to know the relationship between independent variable and dependent variable. From the finding, most of the factor that influences to the personal financial behavior are from their financial knowledge and followed by social influences, self-efficacy and last is financial skills.