THE FINANCIAL PROBLEM AMONG UMP STUDENTS

Group MembersMohd Khairun Najmi B. Md SaidMohamad Zulhelmi B. ManIzzat Hafifi B. Ahmad ArizaTHE FINANCIAL PROBLEM AMONG UMP STUDENTSWHY FINANCIAL MANAGEMENT SO IMPORTANT

BackgroundFinancial management is about how we manage our money.Problems of financial managementStudents are one of the communities affected by this problem Conduct this research in Universiti Malaysia Pahang (UMP)Research Objectives To determine whether FSKKPs students plan their finances for each semester.

To identify the main causes of financial problem among FSKKPs students.

To compare financial management strategies between male and female students.

Research QuestionsHow 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 FSKKPstudents?

The Influences of Family Members

Failed To Manage Their Financial Properly

Female or Male

Financial Planning

Debts Management

ConclusionStudent should know about financial knowledgeMake a good planning in manage moneyTry to manage finance

INTRODUCTION.

What you can conclude from this picture about financial problem?PRESENTATION OUTLINE:IntroductionSettingInstrumentProcedureData analysisconclusion

SETTING.The distributions of questionnaire are as follow:COURSEMALEFEMALETOTALCOLLECTBCN15153027BCS15153023BCG15153027DCS10102018TOTAL =110INSTRUMENT

questionnairedichotomous questionsmultiple-choice questionsscale questionsPROCEDURE

Know our RQFind questionnaireApproveSent out questionnaireCollect the questionnaireComplete and go to next step

DATA ANALYSIS

Determine variable and respondentsTransfer in Microsoft ExcelShow in graphCONCLUSIONWe can see how many respondents:

Manage their finance properlymain causes of financial problemcomparison between female and malesIntroduction

Presentation OutlineIntroductionFindings and discussion for RQ 2Findings and discussion for RQ 3Conclusion (RQ 1, RQ 2, RQ 3)RecommendationPresentation ConcludeFINDINGS AND DISCUSSION(RQ 2)Main Causes of Financial ProblemStudent that Face Financial ProblemMain Causes of Financial ProblemDiscussion-College students have many causes of financial problem (Mohd Fazli et. al, 2008 )Main Causes of Financial ProblemCauses of Student Financial ProblemsMain Causes of Financial ProblemDiscussion-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 ManagementRate Feeling among The Students in Managing Their FinancialGender Comparison in Financial ManagementDiscussion-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 ManagementRecord Monthly ExpensesGender Comparison in Financial ManagementDiscussion-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 RECOMMENDATIONConclusionStudents 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.

ConclusionGender 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.

RecommendationUniversities 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 FSKKPs 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.