Financial literacy and the money management behaviour among young adults in Malaysia

Hiew, Shan Yuan (2025) Financial literacy and the money management behaviour among young adults in Malaysia. Final Year Project, UTAR.

PDF Download (2168Kb)

Abstract

Financial literacy and money management are essential life skills that significantly affect financial stability and long-term well-being. In Malaysia, young adults face growing financial challenges due to rising living costs, stagnant wage growth, and increased exposure to digital financial products. Despite heightened awareness, many young Malaysians struggle with budgeting, saving, and debt management, raising concerns about their financial resilience. This study investigates the relationship between financial literacy and money management behaviours among young adults aged 18 to 38 in Malaysia, while also assessing the influence of demographic factors (age, gender, education, income) and behavioural and social influences (peer pressure, digital marketing, lifestyle aspirations) on their money management practices. A quantitative cross-sectional survey method was employed, targeting at least 250 respondents using purposive sampling and a structured questionnaire. The findings aim to provide insights into whether higher financial literacy translates into responsible money management practices and how external influences affect financial outcomes. The results are expected to contribute to both academic literature and practical strategies by guiding policymakers, educators, and financial institutions in developing targeted financial education programmes that empower young Malaysians to build stronger financial resilience.

Actions (login required)