Abstract
The economic situation that is getting more challenging, and the desire to dream for a luxurious marriage is a challenge faced by couples who are heading towards marriage nowadays. Thus, the objective of this study is to identify whether the millennial generation has a specific saving for marriage or not, identifying items and expenditure estimates for their wedding, and identifying the millennial generation's financial sources to celebrate their wedding. The purposive sampling technique was used in this study. The data collection instrument was using questionnaires. Questionnaires were distributed at Medan MARA Marriage Course, Kuala Lumpur. As many as 85 people of the millennial generation (aged 18 to 40 years old) who are Muslims and have not been married were involved in this study. Descriptive statistics were used to answer the study objective. Study results found that most of the millennial generation has a specific saving to get married, especially men. The estimated value for wedding expenses is between RM10,000 to RM15,999. Savings, loans, and family contributions were three main financial sources for the millennial generation to accomplish their wedding. The study implication suggests that the millennial generation be wiser in personal financial planning, especially in planning savings and expenses for their wedding.
Highlights
Finance is really important in life and every individual must be responsible for planning their finances
Financial management involves financial planning that is related to acquisitions, allocations, and financial sources control that are the worries of an individual (Nor Syahidah & Norasmah, 2017)
Study results show a higher number of male respondents who have savings to get married compared to females
Summary
Finance is really important in life and every individual must be responsible for planning their finances. Financial management involves financial planning that is related to acquisitions, allocations, and financial sources control that are the worries of an individual (Nor Syahidah & Norasmah, 2017). Financial matters give financial satisfaction and marriage satisfaction and life quality (Copur & Eker, 2014). Financial difficulties and dissatisfaction with a person’s financial status can cause marriage conflicts and divorce. Most married couples are not worried about how much money they have but have more to say about the dissatisfaction with the money spent by them. Shortcomings like this are related a lot to the cause of a divorce happening
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
