ASESSING MONEY MANAGEMENT BEHAVIOUR AND FINANCIAL WELL-BEING AMONG UNDERGRADUATES IN MALAYSIA

Undergraduates usually don't have their own income and relied on their family support and education loan to survive during their study. They are limited number of study focusing on undergraduates' money management behaviour (e.g. conservative, creative, and entrepreneurial) and it relationship with their financial well-being (e.g. Perceived financial well-being and current money management stress). This study has been conducted on 96 undergraduates from business management and accounting background of one of the private university in Malaysia. A self-administered questionnaire were distributed to 150 final year's undergraduate and 96 questionnaires completed questionnaire were return back. A multiple-regression analysis were performed using IBM SPSS Statistic v26. Results show that undergraduates' with creative management behaviour tend to have strong perceived financial well-being, while undergraduates' with conservative management behaviour faced money management stress. Results indicates that undergraduates need to be creative in their money management rather than conservatively manage their money. Given the insignificant relationship found on entrepreneurial money management behaviour, this paper suggest that university need to enhance their entrepreneurial related education to boost student perceived financial wellbeing after they graduated.