Impact of financial education towards financial well-being: a case study on credit counselling and debt management agency (AKPK) financial education

Financial education is seen as a solution in improving financial literacy which will then lead to financial well-being. Financial literacy comprises of knowledge, behaviour and attitude. As the financial environment is getting more complicated and with the rising figures of household debt, the need...

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Main Author:	Nirmala, Supramaniam
Format:	Thesis
Language:	eng eng eng
Published:	2019
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/8882/1/s822805_01.pdf https://etd.uum.edu.my/8882/2/s822805_02.pdf https://etd.uum.edu.my/8882/3/s822805_references.docx
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id	my-uum-etd.8882
record_format	uketd_dc
spelling	my-uum-etd.88822022-10-04T01:31:46Z Impact of financial education towards financial well-being: a case study on credit counselling and debt management agency (AKPK) financial education 2019 Nirmala, Supramaniam Ishak, Khairol Anuar Mustafa Kamil, Bidayatul Akmal School of Business Management School of Business Management HG Finance Financial education is seen as a solution in improving financial literacy which will then lead to financial well-being. Financial literacy comprises of knowledge, behaviour and attitude. As the financial environment is getting more complicated and with the rising figures of household debt, the need for empowering consumers in making the right financial decisions becomes more critical than ever. One of the ways to empower consumers in making right financial decisions is by providing financial education which will then improve financial knowledge, behavior and attitude which leads to financial well-being ultimately. Credit Counselling and Debt Management Agency (AK.PK) has been providing financial education to aid the Central's Bank vision on creating a financially resilient consumer ultimately leading to vision of "Make Prudent Financial Management A Way of Life". AKPK"s financial education are designed and catered to fit specific live events as financial needs changes according to life stages. However, there are also arguments that financial literacy can be improved through experience and age, the need of financial education intervention is not much of an impact. As to that this study was conducted to see the relationship of financial education towards financial knowledge, behavior and attitude. The research also wanted to look at if financial knowledge, behavior and attitude a positive relationship towards financial well-being. This study has been made to find out the significant factors of financial education and financial well-being among students from higher learning institutions. The population group for this study are students who have participated in financial education by AKPK and of those who have not. The results from the research indicates that financial knowledge, behavior and attitude has a positive relationship towards financial well-being and also with financial education, students have better financial knowledge, behavior and attitude. However, the results also suggest that for future research the aspect of social and demographic of the participants to measure the influence on financial well-being as well. 2019 Thesis https://etd.uum.edu.my/8882/ https://etd.uum.edu.my/8882/1/s822805_01.pdf text eng public https://etd.uum.edu.my/8882/2/s822805_02.pdf text eng public https://etd.uum.edu.my/8882/3/s822805_references.docx text eng public other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Ishak, Khairol Anuar Mustafa Kamil, Bidayatul Akmal
topic	HG Finance
spellingShingle	HG Finance Nirmala, Supramaniam Impact of financial education towards financial well-being: a case study on credit counselling and debt management agency (AKPK) financial education
description	Financial education is seen as a solution in improving financial literacy which will then lead to financial well-being. Financial literacy comprises of knowledge, behaviour and attitude. As the financial environment is getting more complicated and with the rising figures of household debt, the need for empowering consumers in making the right financial decisions becomes more critical than ever. One of the ways to empower consumers in making right financial decisions is by providing financial education which will then improve financial knowledge, behavior and attitude which leads to financial well-being ultimately. Credit Counselling and Debt Management Agency (AK.PK) has been providing financial education to aid the Central's Bank vision on creating a financially resilient consumer ultimately leading to vision of "Make Prudent Financial Management A Way of Life". AKPK"s financial education are designed and catered to fit specific live events as financial needs changes according to life stages. However, there are also arguments that financial literacy can be improved through experience and age, the need of financial education intervention is not much of an impact. As to that this study was conducted to see the relationship of financial education towards financial knowledge, behavior and attitude. The research also wanted to look at if financial knowledge, behavior and attitude a positive relationship towards financial well-being. This study has been made to find out the significant factors of financial education and financial well-being among students from higher learning institutions. The population group for this study are students who have participated in financial education by AKPK and of those who have not. The results from the research indicates that financial knowledge, behavior and attitude has a positive relationship towards financial well-being and also with financial education, students have better financial knowledge, behavior and attitude. However, the results also suggest that for future research the aspect of social and demographic of the participants to measure the influence on financial well-being as well.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Nirmala, Supramaniam
author_facet	Nirmala, Supramaniam
author_sort	Nirmala, Supramaniam
title	Impact of financial education towards financial well-being: a case study on credit counselling and debt management agency (AKPK) financial education
title_short	Impact of financial education towards financial well-being: a case study on credit counselling and debt management agency (AKPK) financial education
title_full	Impact of financial education towards financial well-being: a case study on credit counselling and debt management agency (AKPK) financial education
title_fullStr	Impact of financial education towards financial well-being: a case study on credit counselling and debt management agency (AKPK) financial education
title_full_unstemmed	Impact of financial education towards financial well-being: a case study on credit counselling and debt management agency (AKPK) financial education
title_sort	impact of financial education towards financial well-being: a case study on credit counselling and debt management agency (akpk) financial education
granting_institution	Universiti Utara Malaysia
granting_department	School of Business Management
publishDate	2019
url	https://etd.uum.edu.my/8882/1/s822805_01.pdf https://etd.uum.edu.my/8882/2/s822805_02.pdf https://etd.uum.edu.my/8882/3/s822805_references.docx
_version_	1747828481558839296

Impact of financial education towards financial well-being: a case study on credit counselling and debt management agency (AKPK) financial education

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