8 definition used in this study is adopted from Black 2007 who defined CBB
as excessive shopping cognitions and buying behavior that leads to distress or impairment.
1.3. Borrowing Habit
Basically people borrow money because they need it to fulfill their needs and wants, either in a small or large amount. Youth borrow money
from friends in order to earn enough money to spend Attri, 2012. When people borrow money again and again even frequently, it becomes a
borrowing habit. Shefrin 2013 stated that there are a lot of people with bad borrowing habit. It implies that managing money, especially managing debt,
for many people is not an easy matter as well as managing spending and saving.
According to Robb Sharpe 2009, borrowing can be envisioned as a two-step process. They stated:
“the decision of whether or not to borrow is the first step in that process. Once a decision is made to borrow, the next step is to decide
how much to borro w, taking the cost of borrowing into consideration.”
Here to borrow money there are two questions to be considered: is it really needed? and if it is then the next question is how much?
Based on the statement above, borrowing habit can be referred to how good the two decisions are made. People who consider the two
9 questions more carefully may be classified as the people who have good
borrowing habit,
vice versa
. However, since there isn‟t any explicit definition of borrowing habit found, based on the explanation above then
the definition of borrowing habit in this study is simplified as the tendency to borrow money from others.
1.4. Pocket Money
Furnham 1999 defined pocket money as „money they have been
given‟ in his study on young people. Pocket money in terms of when it is earned could be divided into two types: regular pocket money and irregular
pocket money. If it is earned in every spesific period of time then it is called a regular pocket money, but if it is earned not in every spesific period of
time then it is an irregular pocket money. Barnet-Verzat Wolff 2008 argued about both kinds of pocket money: “when children are young,
irregular allowances are more frequent than regular ones, but their amounts are also lower compared to regular pocket money.”
Beside of the amount of irregular pocket money that is uncertain, it is quite difficult to predict the time when a person earned irregular pocket
money become the reason for not using it in this study. In other words, the definition of pocket money in this study refers to the regular pocket money.
10 It is defined as the amount of money earned by students from their parents
in every month. In Indonesia it is well known as ‘uang bulanan’.
1.5. Peer Acceptance
