MODIFIED SURVEY QUESTIONNAIRE

Dear Respondents,

Instruction: Please read the statements carefully which you agree/disagree and put a check mark (√) on
the box that corresponds to your answer using the following scale:

Strongly Disagree Disagree Moderately Agree Agree Strongly Agree

(1) (2) (3) (4) (5)

Part 1. DEMOGRAPHIC PROFILE

Name: Age: years old Gender: [1] Male [2]Female

1. Year level:
[1] First year
[2] Second year
[3] Third year
[4] Fourth year
[5] others specify,...

2. Are you a…?:

[ ] Student Assistant in the Higher Educational Institution
[ ] Working part-time outside the school
[ ] Working full-time outside the school

3. What is your house arrangement?

[ ] Living with parent(s)/relatives
[ ] Living in an owned apartment
[ ] Living in a rent apartment or dormitory
[ ] Living On-Campus

4. How many years of working experience do you have?

[ ] Less than 1 year
[ ] One to Less than 2 years
[ ] Two years or more

5. What is the main source of your monthly income?

[ ] Part-time Job
[ ] Allowance from parents
[ ] Other family members
[ ] Others, specify…

Part 2: FINANCIAL LITERACY

 Strongly Disagree Neutral Agree Strongly
Disagree (2) (3) (4) Agree
(1) (5)

BUDGETING

1. Monthly bills, expenses and needs are

already planned.

2. I am fully aware where to spend the

money.

3. Before buying something, it is necessary

expenses are considered first.

4. I carefully distinguish between necessary

and unnecessary expenses.

5. Before making a major purchase, make

sure that savings are sufficient to cover any
sudden expenses.

BORROWING

6. Prefer borrowing from family, friends or

in community.

7.

8.

9.

10.

INVESTMENT

36. Investments are necessary.

37. Insurance are important.

38. I spend money on investments.

39. I consider the interest before investing.

40. Success trade comes with a good decision.

(3) Questions were adopted from Albassami and Alyousif (2019).

Part 3. FINANCIAL BEHAVIOR

Never Hardly Someti Most of Always
(1) Ever mes the times (5)
(2) (3) (4)
 11. I tend to buy things even when I can’t
really afford them

12. I always begin saving well in

advance for Big event such as
Christmas, Eid, etc

13. I avoid spending more money than I

have

14. I have little or no difficulty managing

my money

15. I save money for a rainy day

16. I regularly set aside money each

month for savings

17. Before decided to buy, I collect

information about different
products/services in more than one
company, in order to compare them

18. I make complaint if I had been sold a

product that was clearly unsuitable for
my needs.

19. I have a weekly (or monthly) budget

that I follow

20. I read to increase my financial

knowledge
(2) Questions were adopted from Johan, et.al. (2017).

Part 4: FINANCIAL CAPABILITY

Strongly Disagree Moderat Agree Strongly
Disagree (2) ely (4) Agree
(1) Agree (5)
(3)

MANAGING MONEY

21. I am more of a saver than a spender

22. I am very organized when it comes to

managing my money day to day

23. I prefer to buy things on credit rather than

wait and save up.
24. I would rather cut back than put everyday
spending on a credit card I couldn’t repay

KEEPING TRACK

25. I know precisely how much I spend on a

daily basis.

26. I know exactly how much money I have

in my bank current account

27. I regularly check how much money I

have in my bank account.

28. I monthly review in details my credit card

statements.

PLANNING AHEAD

29. I always make sure I have money saved

for a rainy day

30. I always begin saving well in advance for

a big event (Christmas,Eid, etc)

31. Pension funds are the best way to save

for retirement.

32. I prefer to live for today rather than plan

for tomorrow.

33. It is important to have some money

saved in case my life changes dramatically.

34. It is important for me to plan how to pay

for the care I will need in my old age.

CHOOSING PRODUCT

35. It is important to compare prices before

deciding whether to buy

36. It is important to read carefully the

agreement/contract before sign it

37. It is important to search information

before deciding to buy

38. I subscribe to a mutual fund.

39. I am investing long term in individual

equity stocks for some of the best performing
 companies in the capital market.

STAYING INFORMED

40. I turn to official outlets for economic and

financial market updates.

41. I seek financial advice from trustworthy

family members and friends.

42. I frequently follow-up on developments

related to my investments and financial
products.
Questions were adopted from Johan, et.al. (2017).

Source:
Albassami, F.A & Alyousif, M.H. (2019). Measuring Financial Capability: The context of Saudi
Arabia (SAMA Working Paper).
Johan, I.R. (2017). Financial capability among university students in Indonesia. University of
Birmingham. Ph.D.