The Level of Financial Awareness Among Undergraduate Students in UiTM Sarawak

Abstract

Managing our finance is part of our daily routine activities. Financing activities would include investing, budgeting, saving, and planning. Financial awareness comprised of three areas which are financial concept, financial risk, and financial issues. Students of higher institution are expected to manage their own finances. Therefore this research is to investigate if the level of financial awareness among UiTM students in Kota Samarahan and how demographic factors influence their financial awareness. Three variables were tested namely gender, specialization, and hometown on how it influences their financial awareness understanding. The results show that there is no difference in mean between gender on financial awareness, and the same result also shows for hometown. Both of these testing were done using independent t-test. It is also found that that there is a significance difference between mean among specialization. The testing is done through one way anova. The result shows that both gender shows equal understanding on the concept of financial awareness and due to the accessibility of information, students staying in urban and rural area have same amount of knowledge on financial awareness. From the finding it also shows that students from the finance and marketing faculty have higher financial awareness as compared to those from the office management.