Financial Knowledge, Financial Attitude and Financial Behaviour as Predictors of Saving Behaviour among Asnaf Youth in Perlis, Malaysia
DOI:
https://doi.org/10.53840/jmm.v16i1.269Keywords:
Saving Behaviour, Financial Knowledge, Financial Attitude, Financial Behaviour, AsnafAbstract
This study explores the relationship between financial knowledge, financial attitude and financial behaviour in predicting saving behaviour, grounded in Financial Capability Theory, which highlights how these dimensions are interconnected in shaping financial outcomes. This study employs a quantitative approach, collecting data through a structured survey from a sample of 100 respondents among Asnaf youth in Perlis. The analysis reveals that financial knowledge positively impacts saving behaviour, while financial attitude shows a surprisingly negative relationship, suggesting that positive beliefs may not always translate into action due to psychological or contextual barriers. Financial behaviour, however, emerges as the most significant predictor, highlighting the importance of disciplined financial actions in promoting saving. The findings suggest that financial literacy programs should not only focus on imparting knowledge but also address the behavioural and attitudinal aspects of financial decision-making. Practitioners, including policymakers and financial educators, should adopt a holistic approach to financial literacy that fosters both financial knowledge and practical behaviours. At the same time, future research could further explore how socio-economic factors influence these relationships.
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