Students’ Saving Attitude: Does Parents’ BackgroundMatter?

Salikin, Norasikin; Wahab, Norailis Ab.; Zakaria, Nurazalia; Masruki, Rosnia; Nordin, Siti Nurulhuda

doi:10.7763/ijtef.2012.v3.249

Cited by 11 publications

(11 citation statements)

References 3 publications

(2 reference statements)

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“…Young people also learnt from direct and indirect interaction with peers; through discussions, rulemaking, reinforcement and modeling. Salikin, Wahab, Zakaria, Masruki and Nordin (2012) found that parental educational background and household income affects the saving tendency of students. Mother's level of education affected the tendency to save for students.…”

Section: Introductionmentioning

confidence: 99%

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Parental and Peer Influence on the Saving Behavior of the Youth

Dangol

Maharjan²

2018

Int. Res. J. Mgt. Sci.

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This paper explores the parental and peer factors which influence the saving behavior of the youth. This paper is based on a structured questionnaire with various dimensions of the saving behavior, parental and peer influence. Judgmental and convenience sampling techniques were used to collect the data of 390 respondents from Kathmandu Valley who have completed Master’s degree and are employed. The study reveals that there is significant relationship between peer influence and saving behavior. Similarly, there is significant relationship between parental financial teaching and saving behavior. Independence, control, habit formation, encouraging saving are mechanisms that influences saving behavior. However parent’s encouragement to save highly affects the saving behavior. Therefore receiving financial teaching from parents ensures sound saving behavior.

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Section: Introductionmentioning

confidence: 99%

“…Adolescents had more savings accounts and live in households where head of household was married, had more education and owned assets. Salikin et al (2012) revealed that parents' education background affects respective percentage and purposes of savings. If parents have higher level of educational background then students separate lower amount for savings.…”

mentioning

confidence: 99%

Parental and Peer Influence on the Saving Behavior of the Youth

Dangol

Maharjan²

2018

Int. Res. J. Mgt. Sci.

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“…Also, males were found to have higher levels of financial awareness compared to females (HSR, 1993). On the other hand, Salikin et al (2012) found that higher level of parents' education background and higher household income did not contribute for students in fund savings. Mu'at, Julina and Triandani (2015) found no differences between gender on financial literacy.…”

Section: Literature Reviewmentioning

confidence: 85%

The Influence Of Financial Literacy Towards Risk Tolerance

Yong

Tan

2017

IJBS

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The importance of financial literacy in promoting good financial behaviour has been established in Malaysia. Nonetheless, a study that specifically analyses youth is still needed. This study focuses on Malaysian youths’ financial literacy and financial behaviour. It is alsoexpected that financial behaviour and financial literacy significantly among those from different parental, gender and income backgrounds. A quantitative approach was adopted, utilising questionnaire survey as the research instrument. The male respondentswere more financially literate. Findingsindicated that parent backgrounds, predicted students’ financial behaviour. This study provides valueable results reflecting parental influence had a significant influence on financial behaviour. This study suggests awareness programmes to enhance the general financial literacy especially among youths.

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“…The "simply to have money put aside" motive could have an underlying influence of parental background. Salikin et al (2012) submitted that education and level of household income have a negative correlation with the likelihood to save. In other words, the poorer the parents, the higher the likelihood of the offspring saving.…”

Section: Test Of Ho1 : Farmer's Attitude Towards Saving Is Not Above Averagementioning

confidence: 99%

Farmers` attitude and behavior toward savings in Ika south local government area of delta state, Nigeria

Isiorhovoja

Ebewore

Nwachi

2020

Asian Journal of Agriculture and Rural Development

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The study ascertained the attitude of farmers towards saving behaviour in Ika South Local Government Area of Delta State, Nigeria. The data were collected by questionnaires and analyzed using descriptive statistics and logistic regression. The results revealed that the mean age of respondents was 47 years, majority of farmers' were male (62%) and had formal education (66.2%), mean household size was four persons and farm size had a mean of 2.9 hectares. Farmers have a positive attitude towards saving but were not comfortable with commercial banks. They, however, seek alternative avenues for savings. Level of education, farm size, and years of farming experience were significant determinants of savings. Three top challenges to savings were inadequate income, family responsibility, and cost of inputs. It was recommended that policies that increase farm size/boost farm income be pursued and that commercial banks should pay particular attention to the needs of farmers in service administration to encourage them to develop a positive attitude towards commercial banks. Contribution/ OriginalityThe paper identified the causes of low savings among rural farmers in Delta State, Nigeria. It also categorized the poor saving habits of farmers with commercial banks. Solutions were thus provided along with the causes/nature of the challenges to saving identified.

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Students’ Saving Attitude: Does Parents’ BackgroundMatter?

Cited by 11 publications

References 3 publications

Parental and Peer Influence on the Saving Behavior of the Youth

Parental and Peer Influence on the Saving Behavior of the Youth

The Influence Of Financial Literacy Towards Risk Tolerance

Farmers` attitude and behavior toward savings in Ika south local government area of delta state, Nigeria

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