FINANCIAL MANAGEMENT AMONG B40 POPULATION IN TAMAN SRI PELANGI, SEGAMAT JOHOR

Abstract

Financial management includes the systematic process of planning and controlling expenses to meet life goals. With the current state of Malaysia's economy, the practice of financial management should be applied to every individual. Financial management refers to the process of formulating strategies to put financial objectives into action. Nowadays, some people, especially the B40 group, fail to manage their finances wisely due to a lack of awareness of financial management. Therefore, this study was conducted to examine the relationship between financial management among the B40 population in Taman Sri Pelangi, Segamat, and their behavior and knowledge. This survey was involving 89 respondents the data was analyzed using the Statistical Package for The Social Science (SPSS). The results of the data analysis included descriptive analysis, correlation analysis of the data, and minimum scores in this study. The study's findings indicated that there is an insignificant relationship between behavior and financial management, while knowledge shows a significant relationship with financial management.

Keywords: Financial management, Behavior, Knowledge and B40 Population in Taman Sri Pelangi, Segamat Johor.