Factors influencing financial planning for marriage amongst young Malaysian couples
Financial planning for marriage contributes to happier, more satisfying and longer-lasting unions. However, there is increasing evidence that young Malaysian couples are burdened by excessive debts and have a tendency to overspend on their wedding. Based on the Theory of Planned Behaviour, the cur...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universiti Malaysia Sarawak
2021
|
| Subjects: | |
| Online Access: | http://eprints.sunway.edu.my/1922/ http://eprints.sunway.edu.my/1922/1/Joyce%20Factors%20Influencing%20Financial%20Planning%20for%20Marriage%20amongst%20Young%20Malaysian%20Couples.pdf |
| _version_ | 1848802159819227136 |
|---|---|
| author | Nga, Joyce Koe Hwee * Yeoh, K. K. |
| author_facet | Nga, Joyce Koe Hwee * Yeoh, K. K. |
| author_sort | Nga, Joyce Koe Hwee * |
| building | SU Institutional Repository |
| collection | Online Access |
| description | Financial planning for marriage contributes to happier, more satisfying and longer-lasting unions. However,
there is increasing evidence that young Malaysian couples are burdened by excessive debts and have a
tendency to overspend on their wedding. Based on the Theory of Planned Behaviour, the current study
investigates key factors — financial literacy, attitude towards money, attitude towards debt, financial goals
and social influence — that are likely to influence the degree of financial planning for marriage undertaken
by married and soon-to-be-married couples. The study also examines the mediating role of financial literacy
on the relationships between the aforementioned key factors and financial planning for marriage. The study
collected data from a sample of 201 respondents recruited via purposive sampling and used a bootstrapped
partial least squares structural equation modelling (PLS-SEM) approach for data analysis. The results
showed that (i) financial literacy positively influences financial planning for marriage; (ii) attitude towards
money, financial goals and social influence positively influence both financial literacy and financial
planning for marriage; (iii) attitude towards debt has a negative influence on financial planning for marriage
but no influence on financial literacy; and (iv) financial literacy has a mediating effect. The findings
highlight the importance of financial counselling, education as well as discipline in bringing about
successful marriages. |
| first_indexed | 2025-11-14T21:18:55Z |
| format | Article |
| id | sunway-1922 |
| institution | Sunway University |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T21:18:55Z |
| publishDate | 2021 |
| publisher | Universiti Malaysia Sarawak |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | sunway-19222021-12-03T06:06:35Z http://eprints.sunway.edu.my/1922/ Factors influencing financial planning for marriage amongst young Malaysian couples Nga, Joyce Koe Hwee * Yeoh, K. K. HG Finance Financial planning for marriage contributes to happier, more satisfying and longer-lasting unions. However, there is increasing evidence that young Malaysian couples are burdened by excessive debts and have a tendency to overspend on their wedding. Based on the Theory of Planned Behaviour, the current study investigates key factors — financial literacy, attitude towards money, attitude towards debt, financial goals and social influence — that are likely to influence the degree of financial planning for marriage undertaken by married and soon-to-be-married couples. The study also examines the mediating role of financial literacy on the relationships between the aforementioned key factors and financial planning for marriage. The study collected data from a sample of 201 respondents recruited via purposive sampling and used a bootstrapped partial least squares structural equation modelling (PLS-SEM) approach for data analysis. The results showed that (i) financial literacy positively influences financial planning for marriage; (ii) attitude towards money, financial goals and social influence positively influence both financial literacy and financial planning for marriage; (iii) attitude towards debt has a negative influence on financial planning for marriage but no influence on financial literacy; and (iv) financial literacy has a mediating effect. The findings highlight the importance of financial counselling, education as well as discipline in bringing about successful marriages. Universiti Malaysia Sarawak 2021 Article PeerReviewed text en cc_by_nc_4 http://eprints.sunway.edu.my/1922/1/Joyce%20Factors%20Influencing%20Financial%20Planning%20for%20Marriage%20amongst%20Young%20Malaysian%20Couples.pdf Nga, Joyce Koe Hwee * and Yeoh, K. K. (2021) Factors influencing financial planning for marriage amongst young Malaysian couples. International Journal of Business and Society, 22 (1). pp. 33-54. ISSN 1511-6670 http://www.ijbs.unimas.my/ |
| spellingShingle | HG Finance Nga, Joyce Koe Hwee * Yeoh, K. K. Factors influencing financial planning for marriage amongst young Malaysian couples |
| title | Factors influencing financial planning for marriage amongst young Malaysian couples |
| title_full | Factors influencing financial planning for marriage amongst young Malaysian couples |
| title_fullStr | Factors influencing financial planning for marriage amongst young Malaysian couples |
| title_full_unstemmed | Factors influencing financial planning for marriage amongst young Malaysian couples |
| title_short | Factors influencing financial planning for marriage amongst young Malaysian couples |
| title_sort | factors influencing financial planning for marriage amongst young malaysian couples |
| topic | HG Finance |
| url | http://eprints.sunway.edu.my/1922/ http://eprints.sunway.edu.my/1922/ http://eprints.sunway.edu.my/1922/1/Joyce%20Factors%20Influencing%20Financial%20Planning%20for%20Marriage%20amongst%20Young%20Malaysian%20Couples.pdf |