Survey Result : Financial Problem for college student in TARC

One of problem: Over Expense

The survey was prepared by our team member – Lim Mei Ee

Result on survey 9 student from TARC College 

from different SCHOOL and COURSE

Over spend: 6 persons

Not over spend: 3 persons

Major spend [each person list out 2]

•          8 foods
•          3 cloths
•          2 transports
•          1 daily use
•          1 pet
•          1 girlfriends

Table 1: Analysis of 6 persons they have over expense problem

Gender	Reason	Overcome
F	Desire to buy, after buy regret	Understand parent money come from Control desire Think before buy
F	Spending on the Pet	Get long term freelance [cover over expense] Daily record expense Control desire prevent buy unnecessary thing
F	Socialize Desire to buy, after buy regret	Daily record expense Limit 1 day spend RM10 Control desire
M	Spend on long term product: daily care product [facial cleaner] Happen in sometimes	Don’t think to solve this problem before
M	Socialize to outgoing with friend have a tea or eat Spend too much on food	Manage to control prevent outgoing
M	Spend on food and girlfriends	Save half allowance Maintain  do it every month Lesson bring to “Don’t overuse”

Table 2: Analysis for they don’t over expense

Gender	Reasons
F	Have limited money given by parent Don’t apply any loan and scholarship Set target to save money Limited expense Daily record expense
F	Good management on her money Keep saving money Do part time job
M	Create budget expense Not care too much as long as not expensive

Agree “budget planning expense” had 8 persons

•          Excitation on a person can’t spend too much money
•          Effective on to save more money
•          Depend on person willing to do.
•          Depend on everyone’s expenditure

Survey had been done and find out the result TARC College student really have facing over expense problem. The results come from 9 students from different school, different course and different gender to give a survey on them.

Result come with 6 persons that are 3 male and 3 female had this “Over Expense” this problem.  The main reason they spend on for male, they will spend on the food as the first followed by socialize, daily use, cloth and spend on girlfriends. From the survey, I had met with them and know guy like to socialize to keep relationship between friendships and updating the latest information. So, I had kept on eyes on them, they really had emphasized on image by wearing nice clothes and sunshine face. Here to prove guys will spend some money to improve and take care they image. All this expense is long term investment product.

For the female, we all know girl always like beauty and never let behind and this make girl have a very desire on shopping. The consequence make them spend too much money on the shopping and don’t have the idea of “think before buy’, such as buying just because this product is useful on beauty care and it was nice cloth or dress. Final result was girl or women always spend the most, but also well in saving money. Why? In opinion, I think women have more perseverance and patience to save money compare to male. Male always spend all the money to socialize and buy thing he like never think how to save money for future use (some of male). 

How they overcome the problem? For female try to control they desire on shopping and apply the mind set “think before buy and prevent buy unnecessary thing”. They said it very useful in sometimes; mean sometimes will forget the mind set had been set.  Besides, they had used daily record expense and limited on them one day only can spend RM10. This is how female they overcome the problem. For male, some of them don’t ever think to solve this problem and some of them tried to manage and control less out going. For one of the male who had girlfriend his spend most of the money on his girlfriend. It is acceptable for male have to pay for his girlfriend? Some of said yes and some of them said not choice some of them volunteer to do it.

For the survey result come out have 3 persons don’t have over expense this problem, 2 female and 1 male. From the result can read through the Table 2, female have a good management on they own money to prevented the problem occur. For male, they might create budget expense but depend on a persons are they willing to do? But in survey this male are not care too much on the expense as long as not that is expensive spend. 

From 9 of them have 8 been agreed of this “budget planning expense” is effective use on a persons. This might control the money in and out, and the aim is to lower down the expense on a persons. Some of the have given some comment, they said this planning may help her excitation on a person can’t spend too much money. It just an idea to let her know money was not easy to gain. Besides, it effective to let people save more money. It can be use when emergence or urgent need. Come to negative, had spoken out from one of the surveyors: “this plan is effective but depend on person willing to do”. Another surveyor also spoken out:”depend on everyone’s expenditure”, mean depend on a person who willing to do and sometimes depend on expenditure need.