SPENDING BEHAVIOR AMONG UNIVERSITY STUDENTS.pdf

slide presentation

1. Spending Behaviour
Among University
Students
Presented by:
MUHAMMAD ZAMRI BIN MOHD SAAD
MUHAMMAD ROZAIRI BIN ROSMIDI
NUR AIEZAH ALEEYA BINTI MOHD RODZI
NURHAYATI BINTI NOR'AZMAN
ZUHAIRAH BINTI ZAHRIL
AHMAD SYAFIQUR-RAHMAN BIN KAMARU-ZAMAN

2. Workshop 1
Problem Statement1.
Objective2.
User Persona3.
Empathy Map4.

3. Problem
Statement
L
The financial management skills of university
students play a crucial role in shaping their long-
term financial well-being. However, despite the
importance of prudent spending habits, many
students struggle with managing their finances
effectively. This issue is compounded by various
factors such as limited financial literacy, peer
influences, social pressures, and the transition to
independence from parental oversight.

4. to enhance students'
understanding of
financial concepts,
including budgeting,
saving, investing, and
debt management.
to track their
spending
habits systematically.
foster a supportive
community where users
can share tips, experiences,
and challenges related to
managing finances as a
university student.
OBJECTIVE
The objective in creating an application to improve spending behavior among university
students is to provide a practical and accessible tool that empowers students to manage their
finances more effectively.
allow users to set
short-term
and long-term
financial goals.

5. Name
MUHAMMAD ASYRAF BIN
AHMAD
Age 21
Hobby PLAYING FOOTBALL
Location SELANGOR
About the User
How user manage money as a teenager?
BY WRITING ALL THE TRANSACTIONS IN
THE BOOK
How user making spending decisions?
FOCUSING ON ALL THE THINGS THAT HE
NEED
Daily Activities
EATING NOT MORE THAN RM 8 OR RM 10
MANUALLY TRACK BY CALCULATE ALL
THE USAGE IN A DAY
PROBLEMS
SOME UNEXPECTED
EXPENSES LIKE NEED
TO PAY FOR THE BOOK
OR ANY OTHERS
EXPENSESI
PRICE OF FOOD
INCREASE
Goals
WANT TO SAVE MONEY
TO START INVESTMENT
SUCH AS IN ASB AND
GOLD.
STABLE IN FINANCIAL IN
FUTURE
Recommendations
NEED INFORMATION
ABOUT HOW TO SAVE
MY MONEY TO ACHIEVE
THE FINANCIAL GOALS
USER PERSONA 1

6. Name AQIL SAUFI
Age 19 YEARS OLD
Hobby READING NOVEL
Location KAJANG
About the User
How user manage money as a teenager?
SET A WEEKLY SPENDING BUDGET LIMIT
How user making spending decisions?
LIMIT DINING OUT ONLY 2-3 TIMES A WEEK
LIMIT ONLINE SHOPPING ACTIVITIES TWICE
A MONTH
Daily Activities
MOST OF DAILY EXPENSES ARE FOR
FOOD.
DON’T HAVE ANY METHOD TO TRACK
DAILY SPENDING YET
Problems
UNPLANNED DINE OUT
WHEN FRIENDS
ASK/INVITE TO JOIN
WHICH LEAD TO
OVERSPENDING MONEY
TO RESIST THE URGE
FOR ONLINE SHOPPING
OR MAKE IMPULSIVE
PURCHASES.
Goals
WANT TO HAVE AND
SAVE OWN
EMERGENCY FUNDS IN
CASE ANYTHING
HAPPENS.
Recommendations
INTERACTIVE AND USER
FRIENDLY APPS THAT
OFFER PERSONALIZED
BUDGET TRACKER +
ABLE TO SET SAVING
GOALS.
USER PERSONA 2

7. Name
NURSAIDATUL AIN
AMEERA BINTI MOHD
RIZAM
Age 23 YEARS OLD
Hobby
love physical and
online browsing
attending concerts
exploring new music
genre.
Location JOHOR BAHRU
About the User
How user manage money as university
student?
spend less money daily and boost finances
through freelance work to achieve financial
stability.
How user making spending decisions?
Usually about a week to decide on purchases.
Daily Activities
After class, she head straight home,
where living alone helps her control
overspending by opting for affordable
food options.
Problems
Dealing with impulsive
purchases, especially
during periods of stress
or depression.
Goals
To secure additional
freelance opportunities
To travel more before
shifting her focus
towards saving to settle
down.
Recommendations
To identify our strengths
and weaknesses to
tailor our financial habits
accordingly.
USER PERSONA 3

8. Name
SITI INSYIRAH ADHA
BINTI ADANAN
Age 21 YEARS OLD
Hobby SHOPPING ONLINE
Location NEGERI SEMBILAN
About the User
How user manage money as a teenager?
SAVING QUARTERS OF MONTHLY
ALLOWANCE IN ASNB AND SPEND THE
REST ON NECESSITIES
How user making spending decisions?
JUST SPENDING ON THINGS SHE LIKE
Daily Activities
SPEND MONEY ON FOODS AND COFFEE
SHOPPING FOR A NEW CLOTHES
TRACK SPENDING IN NOTES
Problems
DOES NOT HAVE
APPROPRIATE METHOD
TO TRACK SAVING AND
SPENDING MONEY
FOUND IT DIFFICULT TO
CONSISTENT IN SAVING
MONEY
Goals
WANT TO BUY HER
OWN CAR USING HER
OWN MONEY
SAVE MONEY TO GET
MARRIED
Recommendations
HAVING A FRIENDS
THAT WILL TRACK
SAVING TOGETHER
HAVE AN APPLICATION
THAT WILL GIVE
REMINDER IF SPENDING
HAVE EXCEED DAILY
LIMIT
USER PERSONA 4

9. Name
MOHAMAD LUQMAN
BIN JAMIR
Age 24 YEARS OLD
Hobby PLAYING GAMES
Location JOHOR
About the User
How user manage money as a teenager?
ONLY SPEND ON SOMETHING NECESSARY
How user making spending decisions?
HE TRIED TO IMAGINE HIS DAILY LIFE
BEFORE AND AFTER MAKING THE DECISION
FOR SPENDING MONEY TO DETERMINE IF IT
IS NECESSARY
Daily Activities
Only spend within his daily limit and save
the rest of his money
Use MAE banking app to spend tracking
Problems
Sometimes facing an
unexpected expense
Unexpected situations
that requires money
always lead his astray
from saving
management
Goals
Want to save up enough
money to get married
and being financially
stable
Recommendations
Saving my money in ASB
because we need to go
and withdraw it manually
at the bank instead of
withdrawing it easily
online
USER PERSONA 5

10. Name
NUR HADIRAH BINTI
KAMARUDDIN
Age 21 YEARS OLD
Hobby WATCHING MOVIES
Location BANGI
About the User
How user manage money as a teenager?
CREATE A BUDGET TO TRACK EXPENSES
AND AUTO-DEBIT MONEY TO ASB AND
TABUNG HAJI EVERY MONTH.
How user making spending decisions?
BUY SOMETHING NECESSARILY AND ONLY
PURCHASE SOMETHING THAT BRINGS
LONG - TERM SATISFACTION
Daily Activities
SPEND ALLOWANCES FROM PARENTS
ON ENTERTAINMENT AND SPEND PTPTN
SPECIFICALLY FOR COLLEGE-RELATED
EXPENSES
TRACK EXPENSES AND HOW MANY
TRANSACTION WERE MADE BY A DAY
Problems
BALANCING LIMITED
INCOME WITH STUDENT
EXPENSES AND
PERSONAL EXPENSES
SAVING MONEY OR
STICKING TO A BUDGET
IS RESISTING THE
TEMPTATION TO
OVERSPEND IN
PURCHASES THINGS.
Goals
TO REPAY PTPTN LOAN
SAVING MONEY TO GO
ADVENTURE AROUND
THE WORLD
Recommendations
FOCUSING ON BUYING
WHAT I NEED RATHER
THAN WHAT I WANT
CONSIDER MYSELF
WETHER THE ITEM
TRULY NECESSARY AND
ALIGNS WITH BUDGETS
AND PRIORITIES
USER PERSONA 6

11. Think and feel
SeeHear
Say and Does
Pains Gains
Anxiety and guilt about overspending
Worried about financial stability in the future
Desire for financial independence
Frustrated because it’s hard to balance their
savings and expenses
"I'll just treat myself this one time."
"I'll figure it out later how to get money again"
"I need to start budgeting better."
Trying to find suitable methods to save money
Avoiding conversations about money
Advertisements and promotions enticing
them to make impulse purchases.
Friends or peers influencing to purchases
something
Bank statements showing excessive
spending
Social media posts from friends or
influencers showcasing expensive purchases
Internal self-criticism
Peer pressure to participate in costly
social activities or events.
"Everyone else is going, why miss out?"
“You can worry about money later.”
"I wish I could afford to do what you do."
“Just buy it for self-reward”
Stress and
anxiety
Feeling regret
Fear of missing
out
Feels shame
about bad
spending
behaviour
Increased
responsibility
Greater control
over their
spending habits
Improved money
management
skills
EMPATHY MAP