Users online: 2546     
Email id

Indian Journal of Public Health Research & Development
Year : 2018, Volume : 9, Issue : 11
First page : ( 1213) Last page : ( 1219)
Print ISSN : 0976-0245. Online ISSN : 0976-5506.
Article DOI : 10.5958/0976-5506.2018.01624.8

Financial literacy among malaysian households in managing income

Amran Noor Afza1,*, Sawandi Norfaiezah1, Shaari Hasnah1, Saad Ram AlJaffri1, Bakar Abu Sufian Abu2

1Tunku PuteriIntan Safinaz School of Accountancy, 06010, Kedah, Malaysia

2School of Economic, Finance and Banking, Universiti Utara Malaysia, 06010, Kedah, Malaysia

*Correspondence Author: Noor Afza Amran 1 Tunku PuteriIntan Safinaz School of Accountancy, Universiti Utara Malaysia, 06010, Kedah, Malaysia, Email: 1afza@uum.edu.my

Online published on 7 December, 2018.


This paper examines the level of financial literacy among Malaysian households in terms of financial knowledge in managing their income and debt, financial planning and the elements of financial management. In terms of data collection, questionnaires were distributed to households in Peninsular Malaysia (Kedah, Pulau Pinang, Perak, Selangor, Johor, Kelantan and Terengganu). Findings reveal that around 25% of Malaysians have done financial planning for their daily expenses. About 44%of the decision on spending is done by the breadwinner (man in the family) and 24% is made by both husband and wife. In terms of financial management, it is found that males are wiser in terms of managing the money. The older group has a better understanding ofmanaging their money as compared to the younger generation. The location and level of education also influence the behavior of individuals in managing their money. Thus, relevant authorities, such as Bank Negara Malaysia, need to be more aggressive in educating the public about the importance of financial education and planning.



Financial literacy, financial management, income, debt, households.


║ Site map ║ Privacy Policy ║ Copyright ║ Terms & Conditions ║ Page Rank Tool
365,233,175 visitor(s) since 30th May, 2005.
All rights reserved. Site designed and maintained by DIVA ENTERPRISES PVT. LTD..
Note: Please use Internet Explorer (6.0 or above). Some functionalities may not work in other browsers.