The factors that contribute to saving behaviour among youth in Sungai Petani / Wan Nurul Izzati Wan Abd Razak and Nur Shazalina Othman

• Main Authors: Wan Abd Razak, Wan Nurul Izzati, Othman, Othman
• Format: Student Project
• Language: English
• Published: 2019
• Subjects: Personal finance. Financial literacy; Financial leverage
• Online Access: https://ir.uitm.edu.my/id/eprint/52322/1/52322.pdf; https://ir.uitm.edu.my/id/eprint/52322/

Youth are asset of country. However, there is still low awareness among youth to manage their saving due to this current situation when youth tendency wasted much money buying the desired items. If the youth did not have capability to manage their saving, how they can have a secure future especially when dealing with difficult situations? Therefore, this paper is to know the factors that related with saving behavior among youth in Sungai Petani. Data collection method used is self-administrative questionnaire and it scope among 200 youth of Amanjaya Shopping Mall Sungai Petani. The samples are chosen by using Rule of Thumb. The findings shows parents influence and financial literacy had positive correlation with saving behaviour, whereas peer influence and self-control showed negative correlation with saving behaviour. The mean values for saving behaviour among the respondents are at positive level. The parents influence has the greatest impact on saving behaviour among the independent variables. For the future research, hope the focusing on the wider scope to study factors of saving behaviour among youth instead stick or focusing in one place only.