Article
THE FINANCIAL
PROBLEMS AND
ACADEMIC
PERFORMANCE AMONG
PUBLIC
UNIVERSITY STUDENTS
IN MALAYSIA
https://www.researchgate.net/
publication/349728447_THE-
FINANCIAL-PROBLEMS-
AND-ACADEMIC-
PERFORMANCE-AMONG-
PUBLIC-UNIVERSITY-
STUDENTS-IN-MALAYSIA
High-Risk Health and Credit
Behavior Among 18- to 25-
YearOld College Students
https://sci-hub.hkvisa.net/
https://doi.org/10.3200/
JACH.56.2.101-108.
An investigation of financial
literacy, money ethics and time
preferences among college
students: A structural equation
Content
-difficult decisions whether to spend money on food or
other essential needs
-students faced financial problems to adapt to the high
cost of living
- underprivileged or low-income Families
- pay their education fees, rents and other essentials
-financial problems lead to various problems that will
eventually affect the students’ academic performance
-some students do not have other financial resources.
They do not have any savings.
-some students are also spending more money on
necessities such as transportation and clothing
-some students are unable to differentiate their wants
and needs
-students with materialistic views spend more to appear
that they own more, even though it puts them into
greater debt
-students with emotional versus logical attitudes toward
credit were more likely to purchase entertainment
products and less likely to feel guilty for their purchases
or to seek financial advice
-Students who associate money with power and social
status may be more likely to spend compulsively
-Psychological characteristics, such as self-control and
beliefs about money, may be associated with credit
behaviour.
-developing countries experiencing rapid
industrialization and high economic growth, these
tendencies began to change, especially among young
model
https://sci-hub.hkvisa.net/
10.1108/IJBM-05-2018-0120
On the effect of financial
education on financial literacy:
evidence from a sample of
college students
https://sci-hub.hkvisa.net/
10.1017/S1474747218000276
Financial literacy among
university students: A study in
eight European countries
https://sci-hub.hkvisa.net/
https://doi.org/10.1111/
ijcs.12408
people who started to value money
-demonstrated that parental income, gender and class
standing significantly affect objective financial
knowledge scores
-Studies in the literature also showed that financial
knowledge levels significantly affect college students’
financial behaviours such as budgeting, saving or timely
payment
-those with less financial knowledge had a higher credit
card debt
-people have a negative attitude toward saving or seek
immediate gratification for their needs, it is argued that
they will be less likely to save
-Italian university students have very little exposure to
the financial notions needed to manage saving or debt
-Households have been exposed to financial risks over
the last two decades as a result of liberalization of
financial markets and political reforms. These risks have
become important for low income families who have
insufficient savings (Jappelli, 2010)
-The lack of financial literacy has an impact on the
ability of individuals to fulfil longterm goals such as
daily money management
-Financially literate people tend to lower costs of
borrowing for both mortgage loans and credit cards
debts (Huston, 2012)
-People who have financial literacy at least at a basic
level make better savings
-young people will face more risks in the future due to

Students Financial Problems in
Higher Education Institutions
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in_Higher_Education_Instituti
ons.pdf
Level of Self-Esteem and
Contingencies of Self-Worth:
Unique Effects on Academic,
Social, and Financial Problems
In College Students
https://sci-hub.se/https://
journals.sagepub.com/doi/abs/
increased life expectancy, reduced prosperity,
employment problems, and uncertain economic outlook
(Atkinson and Messy, 2012).
- Students in higher education require more money to
cover the cost of study and living in universities as
higher education costs in public and private educational
institutions.
- Some students have no other financial resources and
rely only on scholarships and education loans.
- Some groups of students comprise of poor or orphan
families.
- Perhaps they have no savings because they have used
up all their savings and do not want to borrow from
others because of anxiety to burden themselves with
debt.
- They are also reluctant to take part-time jobs because
they do not want to affect their academic performance.
- The Online Daily News survey (2011) found that out
of nearly 180,000 students of University Teknologi
Mara, 10,000 were students from the poor.
- The inadequate problem or lack of financial resources
is burdensome for students, especially for
underprivileged students as this may affect their
learning performance (John Abdullah & Ahmad, 2007).
- Students who base their self-esteem on academic
competence report spending more time studying,
whereas students who base their self-esteem on their
appearance spend more time exercising, grooming,
shopping for clothes, and partying during their freshman
year of college (Crocker, Luhtanen, Cooper, &
Bouvrette, 2001).
10.1177/014616720302900600
3
Factors That Influence
Financial Behavior Among
Accounting Students in Bali
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Factors_That_Influence_Finan
cial_Behavior_Among_Ac.pdf
FINANCIAL BEHAVIOR
AND PROBLEMS AMONG
UNIVERSITY STUDENTS:
NEED FOR FINANCIAL
EDUCATION
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Financial_behavior_and_probl
- A healthy financial behavior can be seen from the
attitude of a person in managing the in-coming and out-
going of money, managing loans and investments
(Layli, N., 2013).
- Consumptive behavior among the students is very high
along with the rampant of online business that is
developing today.
- An individual with good financial literacy will
influence his or her financial behavior toward a positive
direction, such as the payment of a bill on time, having
savings and investment, and ability to manage credit
cards wisely (Lusardi, A, Olivia, M & CurtoVilsa,
2010).
- Financial literacy has a significant effect on financial
behavior (Danes and Haberman, 2007; Laily, 2014,
Susanti, 2013).
- Self- efficacy is related to financial self-efficacy which
can be defined as a belief in one’s ability to change
financial behavior toward a better direction (Danes &
Haberman, 2007).
- Parents’ social economic status can have a positive
impact on the children’s financial behavior
development.
- Students living off campus spend more money on
items that students on campus do not have to pay for,
such as gasoline for commuting.
- A higher percentage of students living on campus
reported skipping meals to save money.
- Since their money was not sufficient to last until the
end semester, several students have to borrow money
ems_among_un.pdf from friends.

Toward a framework of - Financial practice during childhood has a significant

determinants of financial effect on financial attitude, financial knowledge and
management and financial financial behavior in later life.
problems among university - Persons with stronger perceptions and positive
students financial attitudes tend to be more satisfied with their
file:///C:/Users/User/ financial appraisals (Joo and Grable, 2004).
Downloads/ - A number of studies have reported that there is a
EF3A13520590.pdf relationship between money attitudes and the level of
financial problems (Dowling et al., 2009; Hayhoe et al.,
2000; Lim, et al., 2003).
- Those who were more attached to money as a source
of power and influence were more involved in financial
problems.
- Financial management includes practices relating to
cash, credit and savings management (Xiao, Sorhaindo,
and Garman, 2006).
-Xiao (2008) indicated that an effective behavior refers
to a positive or desirable behavior as a way to decrease
the likelihood of financial problems, as recommended
by consumer economists.