The effect of financial literacy on personal financial management among university students

The main purpose of this paper is to investigate whether financial literacy would impact personal financial management by using a sampling of selected Universiti Malaysia Kelantan students. The data obtained from quantitative methods financial literacy is well documented to affect personal financial decision-making and, hence, financial wellness. Therefore, this is why financial literacy is crucial. On top of that, examining earlier research from studies conducted outside of Malaysia suggests that financial literacy among students is required to prevent any difficulties from developing in the future as a result of a lack of information about personal financial management. This study emphasises the significance of financial literacy among students by examining financial awareness, financial knowledge, financial habits and behaviours, and financial attitudes.