Theory of planned behavior and financial literacy: a predictive model for saving money among Malay public servants in Northern Region of Malaysia

The way individual manages his finances varies around the world and it is being affected by the increase of living cost that influences the financial management. Although this situation affected the ability of the Malays to make savings, they still need to save money as a preparation for unexpected...

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Main Author:	Muhamad Husin, Nur Khairina
Format:	Thesis
Language:	eng eng
Published:	2023
Subjects:	HF5549-5549.5 Personnel Management Employment
Online Access:	https://etd.uum.edu.my/10575/1/Depositpermission_s902079.pdf https://etd.uum.edu.my/10575/2/s902079_01.pdf
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id	my-uum-etd.10575
record_format	uketd_dc
spelling	my-uum-etd.105752023-07-20T00:24:18Z Theory of planned behavior and financial literacy: a predictive model for saving money among Malay public servants in Northern Region of Malaysia 2023 Muhamad Husin, Nur Khairina Mohamed, Ahmad Martadha Ghazali Shafie Graduate School of Government Ghazali Shafie Graduate School of Government HF5549-5549.5 Personnel Management. Employment The way individual manages his finances varies around the world and it is being affected by the increase of living cost that influences the financial management. Although this situation affected the ability of the Malays to make savings, they still need to save money as a preparation for unexpected events or emergencies and for their future use. Accordingly, this study explores the extent to which eight factors influence the good attitude towards savings among employees working in the Malaysian public sector. It specifically examines the relationship between the eight factors which represent the independent variables and the attitude towards savings which represents the dependent variable of this study. Both quantitative and qualitative techniques were employed to identify the respondents’ attitude towards savings in this study by utilizing the use of a questionnaire and in-depth interview. The eight factors are financial distress (FD), family influence (FI), peer influence (PI), life satisfaction (LS), savings culture (SC), financial literacy (FL), government policy (GP) and environmental factor (EF). Based on the Partial Least Squares analysis (SmartPLS), FD, FI, PI, LS, SC, FL, GP and EF are significantly related to attitude towards savings. Therefore, the findings confirmed an earlier assumption that employees with not enough savings could not secure their future life. The study finally recommends ways to improve attitude towards savings among the employees, with an action plan to overcome the weaknesses, among others by having a more comprehensive savings plan that defines savings in terms of its purposes, key functions, efforts and competencies that are necessary to save money. The study also proposes that future research should look into the religious aspect that gives impact towards good savings behavior according to their religious teaching. The investigation equally highlights the importance of generating income as it can help individuals to face financial problems and improve their financial management practices. Besides that, aspects of parenting, consumerism programs and respondents’ choice have also been highlighted in this study 2023 Thesis https://etd.uum.edu.my/10575/ https://etd.uum.edu.my/10575/1/Depositpermission_s902079.pdf text eng staffonly https://etd.uum.edu.my/10575/2/s902079_01.pdf text eng public other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Mohamed, Ahmad Martadha
topic	HF5549-5549.5 Personnel Management Employment
spellingShingle	HF5549-5549.5 Personnel Management Employment Muhamad Husin, Nur Khairina Theory of planned behavior and financial literacy: a predictive model for saving money among Malay public servants in Northern Region of Malaysia
description	The way individual manages his finances varies around the world and it is being affected by the increase of living cost that influences the financial management. Although this situation affected the ability of the Malays to make savings, they still need to save money as a preparation for unexpected events or emergencies and for their future use. Accordingly, this study explores the extent to which eight factors influence the good attitude towards savings among employees working in the Malaysian public sector. It specifically examines the relationship between the eight factors which represent the independent variables and the attitude towards savings which represents the dependent variable of this study. Both quantitative and qualitative techniques were employed to identify the respondents’ attitude towards savings in this study by utilizing the use of a questionnaire and in-depth interview. The eight factors are financial distress (FD), family influence (FI), peer influence (PI), life satisfaction (LS), savings culture (SC), financial literacy (FL), government policy (GP) and environmental factor (EF). Based on the Partial Least Squares analysis (SmartPLS), FD, FI, PI, LS, SC, FL, GP and EF are significantly related to attitude towards savings. Therefore, the findings confirmed an earlier assumption that employees with not enough savings could not secure their future life. The study finally recommends ways to improve attitude towards savings among the employees, with an action plan to overcome the weaknesses, among others by having a more comprehensive savings plan that defines savings in terms of its purposes, key functions, efforts and competencies that are necessary to save money. The study also proposes that future research should look into the religious aspect that gives impact towards good savings behavior according to their religious teaching. The investigation equally highlights the importance of generating income as it can help individuals to face financial problems and improve their financial management practices. Besides that, aspects of parenting, consumerism programs and respondents’ choice have also been highlighted in this study
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Muhamad Husin, Nur Khairina
author_facet	Muhamad Husin, Nur Khairina
author_sort	Muhamad Husin, Nur Khairina
title	Theory of planned behavior and financial literacy: a predictive model for saving money among Malay public servants in Northern Region of Malaysia
title_short	Theory of planned behavior and financial literacy: a predictive model for saving money among Malay public servants in Northern Region of Malaysia
title_full	Theory of planned behavior and financial literacy: a predictive model for saving money among Malay public servants in Northern Region of Malaysia
title_fullStr	Theory of planned behavior and financial literacy: a predictive model for saving money among Malay public servants in Northern Region of Malaysia
title_full_unstemmed	Theory of planned behavior and financial literacy: a predictive model for saving money among Malay public servants in Northern Region of Malaysia
title_sort	theory of planned behavior and financial literacy: a predictive model for saving money among malay public servants in northern region of malaysia
granting_institution	Universiti Utara Malaysia
granting_department	Ghazali Shafie Graduate School of Government
publishDate	2023
url	https://etd.uum.edu.my/10575/1/Depositpermission_s902079.pdf https://etd.uum.edu.my/10575/2/s902079_01.pdf
_version_	1776103846074908672

Theory of planned behavior and financial literacy: a predictive model for saving money among Malay public servants in Northern Region of Malaysia

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