Determinants of saving behavior among the students at Universiti Putra Malaysia
This study aimed to determine the relationship between financial literacy, parental socialization, peer influence, self-control, and saving behavior among the students at Universiti Putra Malaysia. Two hundred fifty students from Universiti Putra Malaysia were selected via simple random sampling....
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| Format: | Article |
| Published: |
Jurnal Terbitan Persatuan Ekonomi Pengguna Dan Keluarga Malaysia
2022
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| Online Access: | http://psasir.upm.edu.my/id/eprint/100929/ |
| _version_ | 1848863450228326400 |
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| author | Jaffar, Muhamad Wafiy Asnawi Md Jusoh, Zuroni Mohamed, Rozita Naina |
| author_facet | Jaffar, Muhamad Wafiy Asnawi Md Jusoh, Zuroni Mohamed, Rozita Naina |
| author_sort | Jaffar, Muhamad Wafiy Asnawi |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This study aimed to determine the relationship between financial literacy, parental
socialization, peer influence, self-control, and saving behavior among the students at
Universiti Putra Malaysia. Two hundred fifty students from Universiti Putra Malaysia
were selected via simple random sampling. A questionnaire was used to collect the
quantified research data. The data obtained were analyzed using SPSS software version 26. Pearson correlation is used to determine the relationship between variables, and Multiple Linear Regression is used to examine the relationship between one dependent variable and several independent variables. The findings show that there was a significant relationship between parental socialization (r= r = 0.532**, p = 0.000), a significant relationship between financial literacy and saving behaviour (r = 0.425**, p = 0.000), a significant relationship between self-control and saving behaviour (r = 0.271**, p = 0.000), and a significant relationship between peer influence and saving behaviour (r = 0.266**, p = 0.000). Multiple Linear Regression analysis also found that financial literacy, parental socialization, peer influence, and self-control had a significant relationship with saving behavior (R2 = 0.382, F = 37.806, and p < 0.05). In conclusion, all the independent variables are significant in saving behavior. The study contributed significantly to assisting the retail banks and policymakers in providing the students with sufficient knowledge about saving and reducing bad attitudes and behaviors. Retail banks and policymakers should establish an effective education program based on students' needs and level of financial literacy. Parents must encourage their children to save, which will positively impact their future lives and personal well-being. |
| first_indexed | 2025-11-15T13:33:06Z |
| format | Article |
| id | upm-100929 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-15T13:33:06Z |
| publishDate | 2022 |
| publisher | Jurnal Terbitan Persatuan Ekonomi Pengguna Dan Keluarga Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1009292023-07-13T08:03:38Z http://psasir.upm.edu.my/id/eprint/100929/ Determinants of saving behavior among the students at Universiti Putra Malaysia Jaffar, Muhamad Wafiy Asnawi Md Jusoh, Zuroni Mohamed, Rozita Naina This study aimed to determine the relationship between financial literacy, parental socialization, peer influence, self-control, and saving behavior among the students at Universiti Putra Malaysia. Two hundred fifty students from Universiti Putra Malaysia were selected via simple random sampling. A questionnaire was used to collect the quantified research data. The data obtained were analyzed using SPSS software version 26. Pearson correlation is used to determine the relationship between variables, and Multiple Linear Regression is used to examine the relationship between one dependent variable and several independent variables. The findings show that there was a significant relationship between parental socialization (r= r = 0.532**, p = 0.000), a significant relationship between financial literacy and saving behaviour (r = 0.425**, p = 0.000), a significant relationship between self-control and saving behaviour (r = 0.271**, p = 0.000), and a significant relationship between peer influence and saving behaviour (r = 0.266**, p = 0.000). Multiple Linear Regression analysis also found that financial literacy, parental socialization, peer influence, and self-control had a significant relationship with saving behavior (R2 = 0.382, F = 37.806, and p < 0.05). In conclusion, all the independent variables are significant in saving behavior. The study contributed significantly to assisting the retail banks and policymakers in providing the students with sufficient knowledge about saving and reducing bad attitudes and behaviors. Retail banks and policymakers should establish an effective education program based on students' needs and level of financial literacy. Parents must encourage their children to save, which will positively impact their future lives and personal well-being. Jurnal Terbitan Persatuan Ekonomi Pengguna Dan Keluarga Malaysia 2022-12 Article PeerReviewed Jaffar, Muhamad Wafiy Asnawi and Md Jusoh, Zuroni and Mohamed, Rozita Naina (2022) Determinants of saving behavior among the students at Universiti Putra Malaysia. Jurnal Pengguna Malaysia, 38 (2). 36 - 53. ISSN 1511 - 998X https://macfea.com.my/jilid-2-vol-38-dec-2022/ |
| spellingShingle | Jaffar, Muhamad Wafiy Asnawi Md Jusoh, Zuroni Mohamed, Rozita Naina Determinants of saving behavior among the students at Universiti Putra Malaysia |
| title | Determinants of saving behavior among the students at Universiti Putra Malaysia |
| title_full | Determinants of saving behavior among the students at Universiti Putra Malaysia |
| title_fullStr | Determinants of saving behavior among the students at Universiti Putra Malaysia |
| title_full_unstemmed | Determinants of saving behavior among the students at Universiti Putra Malaysia |
| title_short | Determinants of saving behavior among the students at Universiti Putra Malaysia |
| title_sort | determinants of saving behavior among the students at universiti putra malaysia |
| url | http://psasir.upm.edu.my/id/eprint/100929/ http://psasir.upm.edu.my/id/eprint/100929/ |