• ISSN: 2010-023X
    • Frequency: Bimonthly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Executive Editor: Ms. Cherry L. Chen
    • Abstracting/ Indexing: Engineering & Technology Digital Library, ProQuest, Crossref, Electronic Journals Library, DOAJ , EBSCO, and Ulrich's Periodicals Directory
    • E-mail: ijtef@ejournal.net
IJTEF 2012 Vol.3(6): 479-484 ISSN: 2010-023X
DOI: 10.7763/IJTEF.2012.V3.249

Students’ Saving Attitude: Does Parents’ Background Matter

Norasikin Salikin, Norailis Ab.Wahab, Nurazalia Zakaria, Rosnia Masruki, and Siti Nurulhuda Nordin
Abstract—Parents play important roles in educating their child to behave appropriately in all aspects of life including financial management. The aim of this paper is to identify the influence of parents’ background on savings attitude among students in a Malaysian local university. The findings of the research provide useful information to parents as well as public on the importance of early financial planning exposure toward teenagers, in encouraging savings habit. 2146 questionnaires were distributed among USIM students came from various family background. Apart from bar charts, further analysis is conducted using cross tabulation. The results showed that the higher the levels of education background of parents, the lower the tendency for students to put aside their money for savings. Similarly, the higher the amount of respondents’ household income, the lower is the tendency for students to put aside their money for savings. It seemed that higher level of parents’ education background and higher household income does not contribute more effort for students in fund savings.

Index Terms—Cash management, financial planning, parents, students, students saving, university.

The author are with Faculty of Economics and Muamalat of Universiti Sains Islam Malaysia (norasikin@usim.edu.my; norailis@usim.edu.my; nurazalia@usim.edu.my; rosnia@usim.edu.my; nurulhuda@usim.edu.my).

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Cite:Norasikin Salikin, Norailis Ab.Wahab, Nurazalia Zakaria, Rosnia Masruki, and Siti Nurulhuda Nordin, "Students’ Saving Attitude: Does Parents’ Background Matter," International Journal of Trade, Economics and Finance vol.3, no.6, pp. 479-484, 2012.

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