Background of Study N Method

Background of Study
Area of Study : UiTM Permatang Pauh

Current Information regarding the issue:
1.
 Young adults such as university students nowadays, are incompetence in
handling their personal finance.
 They have trouble to make ends meet and often are short of money.
 This will make them to search for external resources in order to fulfil their needs.
Example, borrowing loans and spending on credit card.
Reference :
Financial literacy is crucial nowadays due to growth in financial market. Thus, in order to
make a sound financial decision individual should be equipped with good financial
knowledge and attitudes. Unfortunately, today’s young adult especially university students
were less capable in handling their own personal finances (Chinen & Endo, 2012). Some of
them may find that they are in the trouble of making ends meet and sometimes or often are
short of money (Schors, 2016). Due to this, people will look for external financial resources
to support their demands of resources in credit like borrowing loan or spend on credit card.
(Chinen & Endo, 2012),(Schors, 2016)
2.
 Financial problem has become a norm among students because they lack of
financial knowledge that tends to affect their financial attitude at young age.
 The cause of financial problems are due to changes in financial markets and
financial services industry.
 Financial knowledge plays a big role for students to identify and differentiate
which is which in order to achieve financial well-being.
Reference :
Financial problem becomes a common problem among young adults. This problem happens
because they lack financial knowledge and have to make difficult financial decisions at a
young age especially in the early stages of their career. This led them to make the wrong
decision that ultimately had a devastating effect on their lives. Hence, policymakers need to
devise effective strategies to reduce those problems as well as to help young population to
gain financial knowledge (Lusardi, Mitchell, and Curto, 2010). Those financial problems also
arise due to the diversity and ongoing changes in financial markets and financial services
industry (Mandell & Klein, 2009). Thus, financial literacy plays an important role for
individuals in identifying and differentiating various providers, products and services in order
to achieve financial well-being (Wagland & Taylor, 2009).
(Mandell & Klein, 2009), (Wagland & Taylor, 2009).
3.4.3.10 Methodology
3.4.3.10.1 Describe the research instrument you are using

- Google Form
3.4.3.10.2 Describe the respondents of the study

- UiTM Permatang Pauh students
- Ranged between 18 years old and above.
- 50 undergraduate students from various faculty such as:
 Faculty of Chemical Engineering
 Faculty of Mechanical Engineering
 Faculty of Civil Engineering
 Faculty of Hotel and Tourism
3.4.3.10.3 Describe the research procedure

A quantitative method will be conducted to meet the aims and objectives of this
study. We use questionnaire as the research instrument for collecting the information from
the respondents by the survey that will be conducted via Google Form. Due to current Covid-
19 issue, this method is more affective rather than interviewing them face-to-face. This
questionnaire will be given to each of the respondents. There are 4 sections in the
questionnaire regarding the requirements for achieving the objectives of this study. Part A is
about the general information of the respondents that consist of three questions. In Part B,
there will be a division to three parts according to each objectives respectively. Part 1 will be
about objective 1, part 2 will be about objective 2, and part 3 will be about objective 3. Each
part consists of more or less eight to fourteen questions. The Google Form link will be
distributed by each of the members of this group. The first platform to distribute the link is on
Telegram where there’s a group with all the UiTM Permatang Pauh students in it.
3.4.3.10.4. Describe the data analysis method

This study will use descriptive analysis in analysing the data. The analysed data will be
converted from frequency count to percentages and present in charts using Microsoft Excel
application.
3.4.3.10.5.State the proposed timeline

We will open the form to public in 2 weeks duration time from week 10 to week 12 ( with our
lecturer’s permission )

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Background of Study

Area of Study : UiTM Permatang Pauh

3.4.3.10.1 Describe the research instrument you are using

3.4.3.10.2 Describe the respondents of the study

3.4.3.10.3 Describe the research procedure

3.4.3.10.4. Describe the data analysis method

3.4.3.10.5.State the proposed timeline

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