Transcript THE FINANCIAL PROBLEM AMONG UMP STUDENTS

THE FINANCIAL PROBLEM AMONG
UMP STUDENTS
Group Members
Mohd Khairun Najmi B. Md Said
Mohamad Zulhelmi B. Man
Izzat Hafifi B. Ahmad Ariza
WHY FINANCIAL MANAGEMENT SO
IMPORTANT
Background
 Financial management is about how we manage our money.
 Problems of financial management
 Students are one of the communities affected by this problem
 Conduct this research in Universiti Malaysia Pahang (UMP)
Research Objectives
 To determine whether FSKKP’s students plan their finances
for each semester.
 To identify the main causes of financial problem among
FSKKP’s students.
 To compare financial management strategies between male
and female students.
Research Questions
 How do the FSKKP students manage their finances?
 What are the causes of financial problem among FSKKP
students?
 What is different between male and female students in
manage their finances?
How do the FSKKP students manage their finances?
 Finance Management Tendencies
 Financial Budgets
 Attitude
What are the causes of financial problem among FSKKP
students?
 The Influences of Family Members
 Failed To Manage Their Financial Properly
Female or Male
 Financial Planning
 Debts Management
Conclusion
 Student should know about financial knowledge
 Make a good planning in manage money
 Try to manage finance
INTRODUCTION….
What you can conclude from this picture about financial problem?
PRESENTATION OUTLINE:
 Introduction
 Setting
 Instrument
 Procedure
 Data analysis
 conclusion
SETTING….
The distributions of questionnaire are as follow:
COURSE
MALE
FEMALE
TOTAL
COLLECT
BCN
15
15
30
27
BCS
15
15
30
23
BCG
15
15
30
27
DCS
10
10
20
18
TOTAL
=
110
INSTRUMENT…
questionnaire
dichotomous questions
multiple-choice questions
scale questions
PROCEDURE…
Know our RQ
Find questionnaire
Approve
Sent out questionnaire
Collect the questionnaire
Complete and go to next step
DATA ANALYSIS…
Determine variable and respondents
Show in graph
Transfer in Microsoft Excel
CONCLUSION…
Manage their finance properly
We can see
how many
respondents:
main causes of financial problem
comparison between female and male’s
Introduction
Presentation Outline
1)
2)
3)
4)
5)
6)
Introduction
Findings and discussion for RQ 2
Findings and discussion for RQ 3
Conclusion (RQ 1, RQ 2, RQ 3)
Recommendation
Presentation Conclude
FINDINGS AND
DISCUSSION
(RQ 2)
Main Causes of Financial Problem
YES
Student that Face Financial Problem
NO
Main Causes of Financial Problem
 Discussion
College students have many causes of financial problem
(Mohd Fazli et. al, 2008 )
Main Causes of Financial Problem
45
40
35
30
25
20
15
YES
10
NO
5
0
Study Unnecessary Unexpected
No
Help Family Lend Money Living Cost Failed Get
Materials
things
Problems Experience
Scolarship
Causes of Student Financial Problems
Debt to
Friends
Main Causes of Financial Problem
 Discussion
-
The problem mean scores were as follows: uncertain about
where money is spent (2.58), buying unnecessary things (2.36),
lend money to friends (2.27), and skip meals to save money
(2.17). (Mohd Fazli et. al, 2008 )
FINDINGS AND
DISCUSSION
(RQ 3)
Gender Comparison in Financial
Management
35
30
25
20
Male
Female
15
10
5
0
Not Sure At All
Not Too Sure
Somewhat Sure
Very Sure
Rate Feeling among The Students in Managing Their Financial
Gender Comparison in Financial
Management
 Discussion
-
Women generally have less enthusiasm for, lower confidence in,
and less willingness to learn about personal finance topics than men
do. (Chen andVolpe, 2002)
Gender Comparison in Financial
Management
50
45
40
35
30
Yes
25
No
20
15
10
5
0
Male
Female
Record Monthly Expenses
Gender Comparison in Financial
Management
 Discussion
-
…compared to male students, female students were more likely
to have a written budget, plan their spending, keep bills and receipts
and save regularly. (Hay hoe et al. , 2000).
CONCLUSION
AND
RECOMMENDATION
Conclusion
 Students Financial Planning (RQ 1)
- Student do not follow their financial planning.
 Main Causes in Financial Problem (RQ 2)
- Majority of FSKKP students have financial problem
with several causes that more familiar such as buying
studies materials, buying unnecessary things and the high
cost of living.
Conclusion
 Gender Comparison in Financial Management (RQ 3)
- The level of confidence with themselves for male
students are higher than female students in manage their
finances. However, female students are better than male
students in keep financial records or plan their finances.
Recommendation
 Universities or college need to provide basic financial
management knowledge and skills before graduates
enter the job market which can be beneficial for them so
they will be enable to manage their income effectively
and efficiently.
As a Conclusion
 Majority of FSKKP’s students have financial problem
and did not follow their financial planning.
 Male student are more confident in manage their
financial.
 Female students are better in plan their budget.