FINANCIAL PLANNING AMONG YOUTH DURING THE COVID- 19 ERA: A LESSON

The lack of money management among youthhas become a growing concern. The issue cannot be solved simply by providing more savings and spending more money on development and management. There is an urgent need for a better understanding of the current and potential role of financial planning in meeting the needs of life, especially when any shock occurs in a country. Thus, adopting a strategic approach needs to be planned and managed so that the youth generation can carry out its function and roles in financial planning. This research aims to study the factors that influence financial planning and money management among youth. Theory of Planned Behavior (TPB) will be used as a baseline to explain the current needs of financial management among youth. Factors like financial literacy, financial attitude and perceived behavioral control were incorporated in this study to see the impact on financial management especially during the economic shock of COVID-19. The results show that the youth generation have a better tendency to manage their financial, in condition they have receive the appropriate financial knowledge form the relevant parties. This knowledge will then form a correct direction of attitude on financial management. Furthermore, the interpretation of how easy it is to control their finance also will depend on the information received. With the result obtained, all parties including the government could do an early preparation in order to equip the young generation with the suitable program hence reducing the problem of high indebtedness.