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5.2. Theoretical Implications
This study proved that pocket money did not significantly influence CBB, while peer acceptance and money retention significantly affected
CBB. Previous studies that had investigated the effect of pocket money and income to CBB had shown different results where some found a significant
effect but some did not. The result that pocket money had significant effect on CBB however did not support the study of Ergin 2010 as well as the
study of Guo and Cai 2011 but it supported the study of Reisch et al. 2010. Proving that peer acceptance increased CBB, this study had
confirmed the study done by Guo and Cai 2011. The result of the study that money retention had negative and significant effect on CBB had supported
the result of study done by Li et al. 2009. This study also found that money retention and CBB had significant
influence on borrowing habit. This study could be considered as one pilot study that investigated and focused on borrowing habit since there hasn’t
found any previous studies that explored and investigated borrowing habit. Therefore there’s an opportunity for future studies to investigate more about
borrowing habit.
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5.3. Applied Implications
Being compulsive buyer is not a good advice, as well as having high borrowing habit since both were negative. CBB will push people to have
high borrowing habit which will come with some negative consequences. Beside it may damage people’s relation to their friends or colleagues,
borrowing habit may also lead people to bankruptcy. The study have found some factors that may help students and people in general to avoid or reduce
the tendency to have both negative behavior and habit. 1.
The study found that higher peer acceptance would lead to higher tendency of CBB. Therefore students should understand that buying
trendy and high quality products as well as follow their friends to buy certain products are not the best and easiest ways to get acceptance from
their friends. Students need to avoid these actions and try not to buy products only to be accepted by the people around since it will lead them
to be compulsive buyers. 2.
This study also have found that money retention significantly reduce CBB. A form of money
retention is make saving, that’s why set aside money regularly will help students to reduce their spending. Note
everyday’s spending and evaluate which spending is necessary and which one is not will also help the students to evaluate the use of their
money.
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5.4. Limitations Recommendations for Future Research
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