Group Members Mohd Khairun Najmi B. Md Said Mohamad Zulhelmi B. Man Izzat Hafifi B. Ahmad Ariza THE FINANCIAL PROBLEM AMONG UMP STUDENTS

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: COURSEMALEFEMALETOTALCOLLECT BCN BCS BCG DCS TOTAL =110

INSTRUMENT… questionnaire dichotomous questions multiple-choice questions scale questions

PROCEDURE… Know our RQ Find questionnaireApprove Sent out questionnaire Collect the questionnaire Complete and go to next step

DATA ANALYSIS… Determine variable and respondents Transfer in Microsoft Excel Show in graph

CONCLUSION… We can see how many respondents: Manage their finance properly main causes of financial problem comparison between female and male’s

Introduction

Presentation Outline 1) Introduction 2) Findings and discussion for RQ 2 3) Findings and discussion for RQ 3 4) Conclusion (RQ 1, RQ 2, RQ 3) 5) Recommendation 6) Presentation Conclude

FINDINGS AND DISCUSSION (RQ 2)

Main Causes of Financial Problem Student that Face Financial Problem

Main Causes of Financial Problem Discussion -College students have many causes of financial problem (Mohd Fazli et. al, 2008 )

Main Causes of Financial Problem Causes of Student Financial Problems

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 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 and Volpe, 2002)

Gender Comparison in Financial Management 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.