PROBLEM-SOLUTION
ESSAY (STUDENT’S FINANCIAL PROBLEM)
Money
is so important in the life of a student because it is the main financial
resource for students to finance university life (Fazli and Jariah, 2003).
Going to the campus as student means they have to be independent in managing
their own finances due to start living away from their parents. To enable
students to manage money wisely, they need to have deep knowledge in the field
of financial management. Financial management allows one to assess and manage
financial matters efficiently towards the achievement of life goals and
financial well-being (American Institute of Certified Public Accountants /
AICPA, 2003). However, there are also students who do not know how to manage
their finances.
Life
as a university student is absolutely different than when he was in school in
advance for school age do not need a lot of money. As a university student who
is going through a transitional phase environment, of course, the desire to buy
is inevitable. However, most of the students spent their money lavishly. For
example, boys prefer to allocate more money for spending on food, clothing,
entertainment, stationery, recreation, transportation, and medical. While the
girls also prefer to spend their money for cosmetic tools, phone bills, and
other gifts such as jewelry and buy entertainment magazine.
Among
the solutions that can be taken by students to reduce waste and inefficiency is
taking part-time jobs. It is not possible for a student to work full-time
within their education, so they can get the funds to meet their financial needs
and can learn the meaning of hard to find the money by taking part-time jobs.
There are many websites that offer jobs which are specially designed for
students who will provide temporary financial solution. It also helps students
to manage their finances effectively. In this way also can avoid wasting money
and wasting among university students.
As
a student, using money involves two major aspects, namely to fund education and
also to finance the cost of living at the university. With the cost of living
is increasing, student groups should empower and equip themselves with the
knowledge and skills related to financial management to ensure the current
financial well-being on campus, thereby ensuring goals countries in generating
a smart student academically and also management of their finances (Mumtazah,
Husniyah and Mariati, 2008).
Reference
Fazli, S. M. dan Jariah, M.
(2003). Tingkahlaku dan masalah kewangan mahasiswa. Jurnal Pengguna Malaysia.
5, 33-48.
Fazli, S. M., MacDonald, M.
Jariah, M., dan Cook, C. C. (2010). Knowledge and skills of financial at risk
young adults in Malaysia. Proceedings of the Association for Financial
Counseling and Planning Education, 12.
Mumtazah, O., Husniyah, A.R.,
dan Mariati, M. S. (2008) Tingkah laku berbelanja dalam kalangan remaja
sekolah. Jurnal Pengguna Malaysia. 11, 40-53.
American Institute of
Certified Public Accountants (AICPA). (2003). Financial Literacy Background.
Dimuat turun pada Mac 23, 2007 dari www.aicpa.org/pubs/jofa/breit.htm.
