Awareness Of Financial Literacy Among KPBKL Students
Keywords:
Awareness, Financial, Literacy, Education, KPBKLAbstract
Financial literacy is a key idea that helps people understand and use money in their everyday lives. This comprises the information and skills essential to efficiently managing income and spending, assets and obligations, and a personal budget. Thus, the aim of this study is to analyse the awareness of financial literacy among undergraduate students at Kolej Profesional Baitulmal Kuala Lumpur (KPBKL). The survey was completed by 233 students who met the criteria for being eligible to answer the survey. The data was analysed using descriptive statistics using SPSS. This study finds that the KPBKL students surveyed have moderate financial literacy, with a total average score of 3.71. The results are important to help the government or linked entities choose financial literacy efforts for KPBKL students. In addition, it will help administrators and counsellors handle student issues.
Downloads
References
Document
Atkinson, A., & Messy, F.-A. (2012). Measuring Financial Literacy: Results of the OECD/International Network on Financial Education (INFE) Pilot Study. OECD Working Papers on Finance, Insurance and Private Pensions. No. 15. Paris: OECD Publishing.
Lusardi, A., & Oggero, N. (2017). Millennials and Financial Literacy: A Global Perspective. Global Financial Literacy Excellence Center: The George Washington University School of Business. Global Financial Literacy Excellence Center (GFLEC). https://gflec.org/wp-content/uploads/2017/07/Millennials-and-Financial-Literacy-Research-Paper.pdf
OECD. (2005). Improving Financial Literacy: Analysis of Issues and Policies. Paris: OECD.
OECD. (2018). OECD/INFE Toolkit for Measuring Financial. https://www.oecd.org/financial/education/2018-INFE-FinLit-Measurement-Toolkit.pdf
OECD. (2020). OECD/INFE 2020 International Survey of Adult Financial Literacy. https://www.oecd.org/financial/education/oecd-infe-2020-international-survey-of-adult-financial-literacy.pdf
OECD.(2022). Toolkit for measuring financial literacy and financial inclusion. https://www.oecd.org/finance/financial-education/toolkit-for-measuring-financial-literacy-and-financial-inclusion.htm
OECD/INFE. (2015). National Strategies for Financial Education (OECD/INFE Policy Handbook). https://www.oecd.org/g20/topics/employment-and-social-policy/National-Strategies-Financial-Education-Policy-Handbook.pdf
Russia Trust Fund, OECD & World Bank. (2013). Financial literacy and inclusion: Survey across countries and by gender. https://www.oecd.org/daf/fin/financial-education/TrustFund2013_OECD_INFE_Fin_Lit_and_Incl_SurveyResults_by_Country_and_Gender.pdf
Yoshino, N., Morgan, P. J., & Trinh, L. Q. (2017). ADBI Working Paper 796: Financial Literacy in Japan: Determinants and Impacts. Asian Development Bank. https://www.adb.org/sites/default/files/publication/389066/adbi-wp796.pdf
Journal
Behrman, J. R., Mitchell, O. S., Soo, C. K., & Bravo, D. (2012). The Effects of Financial Education and Financial Literacy: How Financial Literacy Affects Household Wealth Accumulation. American Economic Review: Papers & Proceedings, 102(3), 300-304.
Hairunnizam, W., & Siti Aisyah, Z. (2020). Literasi Kewangan Dan Kesannya Terhadap Gelagat Perbelanjaan Mahasiswa di Universiti Kebangsaan Malaysia. Jurnal Personalia Pelajar, 23(1), 27-43.
Kimiyaghalam, F., & Yap, S. (2017). Level of Financial Literacy in Malaysia. International Journal of Research, 4(7), 1065-1074.
Lusardi, A., & Mitchell, O. S. (2011). Financial literacy around the world: an overview. Journal of Pension Economics and Finance, 10(04), 497 - 508.
Manju D., Ercan Ö., & Kisan Y. (2023). The Financial Literacy of College Students: Evidence From India. CMU Journal of Social Science and Humanities, 10(1), 1-13.
Mohamad Zaki, R., Mohd Asyadi, R., Mohd Zainodin, M., Mahasin, S., Sofwah, M. N., Muhammad Firdaus, M. H., & Nor Erna Nabila, M. R. (2015). Managing Investment in The Light of Quran and Sunnah: Textual Analysis. Procedia Economics and Finance, 31, 380-386.
Mwange, A. (2017). Exploring Levels of Financial Literacy among University of Zambia Final Year Students. IJRDO, Journal of Business Management, 81-92.
Nor Syahidah, N. & Norasmah, O. (2017). Kualiti Pendidikan Pengurusan Kewangan Dengan Tahap Literasi Kewangan. Journal of Global Business and Social Entrepreneurship (GBSE), 183-193.
Rubayah, Y., Hawati, J., & Nur Ain, K. (2015). Tahap Literasi Kewangan dalam Kalangan Pelajar Universiti Awam: Kajian di Universiti Kebangsaan. Jurnal Personalia Pelajar, 18(1), 75-88.
Rusliza, Y., Zuraidah, Z., Juliana, H. O., & Rosmini, I. (2019). The Effect of Financial Knowledge and Financial Attitudes on Financial Behavior among University Students. International Journal of Academic Research in Business and Social Sciences, 9(8), 22-32
Sajiah, Y., Azahari, R., & Muhammad Shukri, B. (2018). Tinjauan Ke Atas Pengukuran Literasi Kewangan: Perusahaan Kecil Dan Sederhana (PKS). Journal of of Humanities, Language, Culture and Business (HLCB), 37-45
Van Rooj, M., Lusardi, A., & Alessie, R. (2011). Financial Literacy and Stock Market Participation. Journal of Financial Economics, 101(2), 449-472.
Website
Athene. (2023, January 9). 6 ways to improve your financial literacy. https://www.athene.com/smart-strategies/finances/6-ways-to-improve-your-financial-literacy.html (accessed on 1st May 2024)
Financial Education Network. (2019). Malaysia National Strategy for Financial Literacy 2019-2023. Securities Commission Malaysia: https://www.sc.com.my/api/documentms/download.ashx?id=6385977c-bd2c-4612-bda8-9ce6a5961720 (accessed on 1st May 2024)
Igor. (2022, May 9). The basics of financial education. https://dashero.com/financial-education/ (accessed on 1st May 2024)
KPBKL. (2020, November 24). Kolej Profesional Baitulmal Kuala Lumpur (KPBKL). https://www.kpbkl.edu.my/mengenai-kami/ (accessed on 1st May 2024)
Sachs, J. (2021, November 18). Improving Student Financial Literacy. Keystone Education Group. https://www.keg.com/news/improving-student-financial-literacy (accessed on 1st May 2024)
SC Malaysia. (2022). Youth Capital Market Survey: A Malaysiaa Perspective. https://www.sc.com.my/api/documentms/download.ashx?id=9f1ac661-f250-4b0d-8706-c45cbac9906e (accessed on 1st May 2024)
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Zainur Nadiyah Baharudin, Muhammad Zaid Mohamed Noor, Muhamad Hasif Yahaya, Sumaiyah Bahri, Faezy Adenan

This work is licensed under a Creative Commons Attribution 4.0 International License.